A boat loaded with explosives attacked an oil tanker at the Saudi port city of Jeddah in what the authorities called an act of terrorism. (WSJ)
China’s industrial output rose 7% in November from a year earlier—its highest level in more than two years, China’s official National Bureau of Statistics said. (WSJ)
The U.S. reached a civil settlement with the United Auto Workers union in a multiyear corruption investigation. (WSJ)
Exxon Mobil pledged to reduce the greenhouse gas emissions from its operations over the next five years. (WSJ)
Unilever said it would become the first major company to voluntarily give shareholders a vote on its efforts to reduce carbon emissions. (WSJ)
Adidas is reviewing the future of Reebok and might sell the U.S. fitness brand. (WSJ)
Apple is investigating whether a Taiwanese contractor Wistron flouted supplier guidelines at an iPhone manufacturing factory in India. (Reuters)
Toshiba and Fuji Electric will invest a combined $1.9 billion to ramp up output of power-saving chips for electric vehicles. (Nikkei Asian Review)
Clorox says it may take until the middle of next year for the supply of cleaning wipes to catch up with the demand. (USA Today)
The Chinese government fined Alibaba Group Holding and logistics group Shenzhen Hive Box for not reporting past deals. (Financial Times)
HSBC expects vaccine distribution to prop up cargo rates for Asia-Pacific carriers in 2021. (Air Cargo News)
Maersk Line owner A.P. Moller Holding is buying sustainable food- packing company Faerch for $2.3 billion. (Financial Post)
A.P. Moller-Maersk is giving all of its employees across all of its brands a $1,000 Christmas bonus. (TradeWinds)
Retailer Tractor Supply is building an 895,000-square-foot distribution center in Navarre, Ohio. (Area Development)
Hyster-Yale Group and Capacity Trucks are jointly developing electric and hydrogen-powered terminal tractors with automation-ready capabilities. (Modern Materials Handling)
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