Efforts to overhaul global tax rules are hitting fresh delays. (WSJ)
The Nord Stream pipeline that channels Russian natural gas to Europe shut down for a scheduled maintenance, stoking fears the Kremlin could end supplies. (WSJ)
Abbott Laboratories reopened its biggest factory after a shutdown that dealt another blow to efforts to replenish a U.S. baby formula shortage. (WSJ)
Blue Yonder named Duncan Angove chief executive as owner Panasonic weighs a potential public stock listing for its retail technology business. (WSJ)
FTI Consulting projects U.S. online retail sales will grow 11.7% this year to nearly $1.1 trillion. (MarketWatch)
Exchange operator CME Group is rolling out a new lumber futures contract aimed at boosting trade in two-by-four derivatives. (WSJ)
Frontier says it needs more time to garner shareholder support for its bid to merge with Spirit Airlines. (WSJ)
Japanese farming and construction equipment maker Kubota will build factories in the U.S. and India as it seeks to shift production overseas. (Nikkei Asia)
Ganfeng Lithium is buying Argentina-focused mining group Lithea as China steps up its battle for the metals needed to power electric vehicles. (Financial Times)
Rivian Automotive is planning hundreds of layoffs that could amount to 5% of its workforce. (Bloomberg)
Growth in U.S. apparel imports slowed slightly to 21.6% in May. (Sourcing Journal)
Retailer American Eagle believes the logistics operations it acquired could one day be bigger than its clothing business. (Business of Fashion)
VesselsValue says the number of new ship orders has dived by more than a third in the first half of the year. (ShippingWatch)
Frontline and Euronav agreed on a share-purchase deal that brings the tanker operators closer to merging. (TradeWinds)
Mediterranean Shipping Co.’s terminal subsidiary took over two container terminals at France’s Le Havre port. (The Loadstar)
Heavy rains and floods in New South Wales are restricting coal exports from Australia’s Newcastle port. (Lloyd’s List)
Canada-based trucker TFI International bought Quebec-based Transport St-Amour. (Today’s Trucking)
The U.K.’s Menzies Distribution says it is open to more acquisitions after profit jumped sharply during 2021. (Motor Transport)
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