The U.S. Federal Reserve raised its benchmark interest rate 0.5 percentage point. (WSJ)
The cost of imported goods in the U.S. fell in November for the fifth straight month. (MarketWatch)
Eurozone factory output declined 2% in October. (Dow Jones Newswires)
The U.K.’s annual rate of consumer inflation fell in November. (WSJ)
The International Energy Agency says Europe’s energy crisis and economic resilience among major Asian economies are boosting demand for oil as a heat source. (WSJ)
Microsoft’s climate innovation fund is investing in a battery startup that is trying to dramatically improve power and charging time of electric vehicles. (WSJ)
Battery-recycling startup Redwood Materials plans to build a second factory in South Carolina. (WSJ)
Delta Air Lines lifted its fourth-quarter outlook on strong demand for air travel to close out the year. (WSJ)
Barclays says British manufacturers are sitting on some $29 billion in unfinished goods because of persistent supply shortages. (Bloomberg)
Toyota will use wind turbines to power one of its plants in central Japan. (Nikkei Asia)
Scorpio Tankers expects product tanker shipping rates to reach “extraordinary, outstanding levels.” (Lloyd’s List)
South Korean flagship HMM is seeking to buy nine mid-sized, methanol-powered container ships. (The Loadstar)
Container ship owner Seaspan gave bondholders a “best and final offer” to avoid having to buy back $300 million in notes due in 2026. (TradeWinds)
Claims of sexual harassment and misconduct, homophobia, transphobia and racism have roiled California State University's Maritime Academy. (Los Angeles Times)
Airfreight rates are falling at a double-digit pace on an annual basis. (Supply Chain Dive)
Amazon is pushing back start dates for some new hires to keep its headcount down. (The Information)
Developers completed a 1.1-million-square-foot speculative distribution center at a growing logistics complex outside Columbus, Ohio. (Business Journals)
Kenyan business-to-business supply-chain software startup Leta raised $3 million in a pre-seed funding round. (TechCrunch)
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