China’s economy stumbled in July, with measures for factory output, investment and consumer spending all slowing. (WSJ)
U.S. consumer sentiment rose in early August on easing inflation expectations. (WSJ)
The U.K. economy contracted 0.1% in the second quarter as households cut back on spending. (WSJ)
The cost of goods imported into the U.S. fell 1.4% in July, the first decline since December. (MarketWatch)
The shipping operations aimed at restoring Ukraine’s Black Sea exports are picking up momentum. (WSJ)
Revenue at Chinese telecommunications giant Huawei Technologies fell 5.9% in the first half of the year. (WSJ)
Steven Cliff is resigning as head of the National Highway Traffic Safety Administration to lead the California Air Resources Board. (WSJ)
New Covid lockdowns in the Chinese manufacturing hub of Yiwu threaten to delay exports of the region’s large numbers of small commodities. (South China Morning Post)
Prices for rare-earth metals are declining amid concerns over possible oversupply. (Nikkei Asia)
United Parcel Service pilots ratified a two-year extension of their contract. (Reuters)
Retailer Ace Hardware plans to add three warehouses totaling 4.4 million square feet in the U.S. over the next five years. (Retail Dive)
U.S. maritime regulators are considering demanding greater information sharing by container lines under an emergency order. (Journal of Commerce)
The voyage of the first ship carrying grain out of Ukraine highlights the complex and secretive nature of commodities trading and its layers of middlemen and insurers. (Financial Times)
Bulk-ship values are sliding as rates in the commodities shipping market decline. (Lloyd’s List)
Eagle Bulk is maintaining its positive market outlook after second-quarter profits rose roughly 10-fold to $94.5 million. (ShippingWatch)
An Iranian tanker was being reloaded with crude oil after a Greek court ruled the U.S. seizure of the shipment was unjustified. (Dow Jones Newswires)
Israeli container line Zim invested $5.5 million in tracking software firm Hoopo Systems. (Splash 247)
Aurora Innovation is pushing back the rollout of its self-driving trucks because of delays in getting parts from suppliers. (Supply Chain Dive)
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