China’s imports slumped 8.5% last month while exports rose 1.1%. (WSJ)
The U.K. economy shrank 0.4% in April. (WSJ)
The U.S. economy added 75,000 jobs in May while wages rose 3.1% over the past year. (WSJ)
Canada added a net 27,000 jobs in May and the country’s unemployment rate fell to a record low. (WSJ)
Mexican consumer prices fell more than expected in May. (WSJ)
The acting U.S. budget chief is pushing to delay some parts of a law restricting the government’s business with Huawei Technologies Co. (WSJ)
United Technologies Corp. will acquire Raytheon Co. in a deal that would create the world’s second-largest aerospace-and-defense company. (WSJ)
The Group of 20 major economies decried worsening trade tensions and their impact on global growth. (WSJ)
China warned technology companies they face repercussions if they comply too aggressively to U.S. trade restrictions. (WSJ)
The U.S. added Iran’s Persian Gulf Petrochemical Industries Co. and 39 associated companies to its sanctions blacklist. (WSJ)
Uber Technologies Inc.’s chief operating officer and chief marketing officer are both leaving the company. (WSJ)
International Business Machines Corp. is cutting about 2,000 jobs in a round of layoffs. (WSJ)
Technavio projects the global textile market to grow at a 6% annual rate from 2019 to 2023. (Sourcing Journal)
Belgium is building a digital platform for customs filings. (Lloyd’s Loading List)
Indian auto maker Mahindra & Mahindra will halt production at its plants for up to 13 days this quarter because of falling demand. (Economic Times)
China’s low-cost Spring Airlines is frustrated by supply-chain problems delaying deliveries of Airbus SE A320neo jets. (South China Morning Post)
Automation startup Boxbot and parcel logistics company OnTrac will test a self-driving delivery van. (Commercial Carrier Journal)
Japan’s Kawasaki Kisen Kaisha Ltd. will install automated sail-kites on its bulk carriers starting in late 2021. (Nikkei Asian Review)
China’s Cosco Shipping Holdings Co. and Russia’s Sovcomflot joined a joint venture to transport liquefied natural gas on the Northern Sea Route. (Shipping Watch)
Earnings for the dry-bulk shipping sector’s biggest capesize vessels reached the highest level since January. (Lloyd’s List)
Mediterranean Shipping Co. will impose a war-risk surcharge on shipments bound for Venezuela. (Splash 247)
Marine insurance provider TT Club’s premiums and earnings soared in its latest fiscal year. (Insurance Business)
Maersk Line is building a cold storage facility in St. Petersburg, Russia, for imports. (The Loadstar)
Twelve crewmembers returned to their homes after 13 months marooned on an abandoned tanker off the Tunisian coast. (Maritime Executive)
|