California is investigating Amazon business practices including how it treats third-party merchants on its marketplace. (WSJ)
Numbers from around the world show the sudden speed and depth of decline of national economies in April. (WSJ)
Americans’ view of the economy rebounded in early June. (WSJ)
Official Chinese economic data showed improvement across a variety of indicators, including jobless rate, raising optimism for the global economy. (WSJ)
U.S.-China trade jumped 43% in April and China surpassed Mexico and Canada as the top U.S. trade partner. (WSJ)
An analysis shows over 1,300 Chinese suppliers of medical equipment have used false registration information. (WSJ)
Auto makers are grappling with absent factory workers and Covid-19 cases, complicating their efforts to ramp up production at their reopened plants. (WSJ)
A politically connected medical supply company alleges improper actions by its bank caused it to lose a $600 million order for coronavirus supplies and triggered death threats to its founders. (WSJ)
BP PLC is writing down up to $17.5 billion of its assets and might leave some of its oil and gas in the ground because of lower energy prices and weakened demand. (WSJ)
U.S. apparel imports fell 45% in April. (Sourcing Journal)
United Natural Foods says grocery suppliers are unlikely to reach pre-pandemic stock levels again until the fall. (Supply Chain Dive)
A survey of retailers showed 37% of respondents delayed payments to suppliers while 30% speeded up payments. (Logistics Management)
Glencore is fast-tracking a $1 b)illion coal mining project in Australia aimed at producing 20 million tons a year. (Bloomberg)
Amazon and Goldman Sachs will offer revolving credit lines to small merchants selling on Amazon’s marketplace. (CNBC)
Spot container shipping rates from Shanghai to the U.S. West Coast have nearly doubled from a year ago. (The Loadstar)
Shipping companies are facing a growing number of ransomware attacks. (Lloyd’s List)
Daimler Trucks has reopened all its North America factories. (Fleet Owner)
Canadian trucker TFI International acquired container transport and storage specialist Gusgo Transport. (Today’s Trucking)
Warehouse rental platform startup Stord is acquiring freight broker Cove Logistics for $10 million. (Forbes)
The U.K. faces a Marmite shortage because brewer’s yeast is in short supply. (The Guardian)
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