U.S. retail sales expanded a better-than-expected 0.7% from February to March. (WSJ)
China’s economy grew at a faster than expected 5.3% rate in the first quarter, led by accelerating factory activity. (WSJ)
A measure of manufacturing shipments in the New York region fell deeper into contraction this month. (MarketWatch)
Tesla is laying off more than 10% of its workforce amid dimming growth prospects at the electric-vehicle manufacturer. (WSJ)
The U.S. and U.K. will limit trading of Russian aluminum, copper and nickel on their metals exchanges. (WSJ)
Lufthansa slashed its earnings forecasts after a recent wave of strikes wiped out hundreds of millions of euros. (WSJ)
Airlines have canceled or re-routed flights around Iranian airspace over safety concerns. (The Loadstar)
Apple CEO Tim Cook said on a visit to Vietnam that the company will increase investments in suppliers there. (South China Morning Post)
Qatar plans to significantly boost production of liquefied natural gas as Washington pauses new U.S. export permits. (Nikkei Asia)
A stretch of the Ohio River near Pittsburgh remained closed as crews looked for one of 26 barges that broke loose on the rain-swollen waterway. (Associated Press)
South Korea’s HMM plans to expand its container handling capacity by about 50% by 2030. (Journal of Commerce)
Red Sea diversions led to a 12% jump in Singapore demand for maritime bunkering fuel in the first quarter. (Lloyd’s List)
Traton subsidiary MAN Truck & Bus plans to start delivering hydrogen-powered heavy-duty trucks starting next year. (Motor Transport)
Meal-kit delivery company HelloFresh opened a 388,000-square-foot distribution center in the U.K. that is its largest site across Europe. (Logistics Manager)
Amtrak canceled several passenger-train services out of Illinois because of a backlog in replacement-parts supply chains. (Chicago Sun-Times)
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