The world’s developed economies saw the largest fall in output since the global financial crisis in the first three months of the year. (WSJ)
China set a reference rate for the yuan currency at its weakest point in 12 years. (WSJ)
Mexico’s economy contracted 1.2% in the first quarter. (WSJ)
Boeing will this week announce about 2,500 voluntary layoffs in the first phase of broader cuts. (WSJ)
Amtrak is preparing to cut up to 20% of its workforce in the next fiscal year. (WSJ)
Hospital-supply buyer Premier struck a multiyear deal with mask maker Prestige Ameritech in a plan to reverse outsourcing of medical-equipment production. (WSJ)
France plans to spend billions of euros to prop up the country's auto industry. (WSJ)
Germany’s highest civil court ruled Volkswagen must compensate customers seeking damages in the car maker’s emissions-cheating scandal. (WSJ)
Sales of Crocs footwear rose 14% in March, defying an apparel downturn. (WSJ)
Amazon is in advanced talks to buy Zoox Inc., expanding the e-commerce giant’s reach in autonomous-vehicle technology. (WSJ)
Nissan Motor plans to close a production line at one of its two U.S. plants as part of a $2.8 billion cost-cutting plan. (Nikkei Asian Review)
Retailer Foot Locker is canceling and delaying orders as it copes with a “glut of inventory” at its stores. (Supply Chain Dive)
China’s JD.com is expanding its logistics infrastructure to handle growing online commerce. (South China Morning Post)
A new report suggests Amazon’s air cargo fleet could reach 200 jets by 2028. (Air Cargo News)
A.P. Moller-Maersk, freight forwarder DSV and regional freight operator DFDS are among Danish companies cooperating to build a hydrogen plant to provide sustainable fuels. (CNBC)
Prices for low-sulfur maritime fuel rose in Rotterdam to the highest level in two months. (Ship & Bunker)
Costamare is poised to offload a 7,400-container vessel that would be the largest container ship ever sent for demolition. (TradeWinds)
An American Trucking Associations survey found average truck driver compensation reached $58,000 last year, up $6,000 from two years ago. (DC Velocity)
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