The U.K. economy contracted 20.4% in the second quarter, a steeper decline than any other rich country. (WSJ)
U.S. consumer prices rose 0.6% in July. (WSJ)
OPEC expects global oil demand to contract 9.1% this year, a deeper decline than earlier forecast. The IEA also cut its demand forecast. (WSJ)
U.S. agriculture officials said they are working with their counterparts in China to determine who is sending mysterious seed packages to U.S. residents and to stop future shipments. (WSJ)
The U.S. raised its outlook for corn production from a forecast that was already near a record level. (WSJ)
Taiwan’s president wants to start talks on a free-trade pact with the U.S. (WSJ)
Doctors, nursing homes and federal officials are scrambling to get rapid-response Covid-19 antigen testing supplies from the two companies that produce them. (WSJ)
Cold-storage provider Lineage Logistics says it has completed 10 acquisitions bringing it 24 more locations around the U.S. (Dow Jones)
GE’s aircraft leasing unit exercised options to convert 11 Boeing 737-800 aircraft to freighters. (Dow Jones)
J.C. Penney landlords Simon Property Group and Brookfield Property Partners are working together to buy the bankrupt retailer’s operations. (WSJ)
Off-price U.S. retailer Stein Mart filed for bankruptcy with plans to permanently close most or all of its stores. (WSJ)
Hermitage Offshore Services filed for bankruptcy protection in New York. (WSJ)
Contract electronics manufacturer Foxconn Technology Group says it is preparing for an “inevitable” decoupling of U.S. and Chinese supply chains. (Nikkei Asian Review)
U.K. online apparel retailer Asos is adding new transparency requirements for its third-party suppliers. (Sourcing Journal)
South Korean container line HMM reported a $23.6 million second-quarter net profit on benefits from its alliance membership. (Lloyd’s List)
Federal trucking regulators extended and expanded a coronavirus-related exemption to hours-of-service driving limits through Sept. 14. (Transport Dive)
U.S. less-than-truckload carriers are stepping up pressure to raise shipping rates. (Journal of Commerce)
J.B. Hunt says it completed a 120-mile haul for Walmart using a Freightliner electric truck under a test with Daimler Trucks North America. (Supply Chain Dive)
Meal-kit company HelloFresh is opening a distribution center near Newnan, Ga. (Atlanta Journal-Constitution)
Australian farmers say fruit and vegetable prices could soar 60% because of a shortage of farm workers. (Daily Mail)
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