Sales of previously owned U.S. homes declined for the second month in a row in April. (WSJ)
The British pound fell to its lowest level against the dollar since January. (WSJ)
Japan’s exports shrank 2.4% in April in the fifth straight monthly decline. (WSJ)
President Trump told Democrats Congress should approve his trade deal with Canada and Mexico before taking up infrastructure legislation. (WSJ)
British Prime Minister Theresa May laid out a fresh plan to get Parliament to back her Brexit divorce package. (WSJ)
Saudi Arabia has set up a deal to purchase U.S. liquefied natural gas from Sempra Energy. (WSJ)
A federal judge ruled Qualcomm Inc. unlawfully suppressed competition in the market for cellphone chips. (WSJ)
Huawei Technologies Co. implored European governments to resist U.S. pressure to cut off the Chinese company’s sales. (WSJ)
Consumer-goods supplier Hollander Sleep Products LLC cited higher materials costs in filing for bankruptcy protection. (WSJ)
British Steel will be placed into administration as early as today. (Reuters)
Singapore’s non-oil exports fell 6.4% in the first quarter. (Business Times)
Business for Chinese logistics companies is surging because of complications from U.S.-China trade tensions. (South China Morning Post)
Amazon is using video-game display tools to enhance worker productivity in warehouses. (Washington Post)
Amazon and Walmart are talking to U.S. railroads about bypassing intermediaries to manage their own intermodal shipments. (Journal of Commerce)
Nigeria is undertaking efforts to nearly quadruple the country’s cotton production in three years. (Sourcing Journal)
The U.S. Supreme Court declined to hear a United Parcel Service Inc. appeal of the carrier’s challenge to U.S. Postal Service pricing. (Bloomberg)
Shipping industry analysts Alphaliner slashed its global container throughput growth estimate for 2019 from 3.6% to 2.5%. (Splash 247)
Ship Finance International Ltd.’s first-quarter net income rose 34% to $33.6 million on strong growth in vessel-charter revenues. (TradeWinds)
Cargo ship operator Zeaborn Ship Management named Rob Grool chief executive ahead of a planned fleet expansion. (Lloyd’s List)
A Maersk Line container ship officer was lost and presumed drowned after falling overboard in the Saint Lawrence River. (Maritime Executive)
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