Factories in Europe and Japan report weakening new orders while spending on services is growing. (WSJ)
Sales of new homes in the U.S. fell at the steepest pace since 2013. (WSJ)
Two S&P measures show the U.S. economy weakening this month. (MarketWatch)
Glencore will pay at least $1.2 billion as part of agreements to resolve criminal probes involving bribery and price manipulation in its global mining and trading business. (WSJ)
Electronics retailer Best Buy lowered its outlook on changing consumer buying patterns and rising supply-chain costs. (WSJ)
Boeing’s safety chief says changes under way at the plane maker should prevent engineers from designing another automated cockpit system without sufficient safeguards. (WSJ)
Some Asian manufacturers say the pandemic-driven boom in overseas demand is fading. (Bloomberg)
Toyota will cut its global automotive production by about 100,000 vehicles in June because of the chip shortage. (Reuters)
Car maker Stellantis and Samsung will team up on a $2.5 billion plant for electric-vehicle batteries in Indiana. (Detroit Free Press)
Amazon shareholders at this week’s annual general meeting will challenge the company on executive pay, tax transparency and warehouse working conditions. (Financial Times)
Trans-Atlantic airfreight rates are falling as airlines ramp up passenger flights and load factors slide. (The Loadstar)
Environmental groups want U.S. regulators to bar the transport of liquefied natural gas by rail. (Progressive Railroading)
A federal trial began over a trucking-industry suit against highway tolls aimed at big rigs on Rhode Island highways. (WPRI)
APM Terminals is expanding its container capacity at Alabama’s Port of Mobile by about a third. (DC Velocity)
Latin American digital freight forwarder Nowports raised $150 million in a Series C funding round that values the business at $1.1 billion. (TechCrunch)
Argentina-based shipment tracking technology startup clicOH raised $25 million in a Series B funding round let by Tiger Global. (Grit Daily)
Chanel plans to open boutique stores for only its top customers because rapid sales growth threatens to make its stores overcrowded. (Business of Fashion)
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