An online shopping boom that should be helping Indonesia’s postal service is actually hurting because regulators have set parcel delivery prices so low.
The U.S. and its key Pacific allies announced plans to build a $1.7bn electricity grid in Papua New Guinea, in the latest effort to counter China’s growing influence in the region.
U.S. factory production expanded in October for a fifth straight month, the longest streak since 2011 and indicating a solid start to the fourth quarter, Federal Reserve data shows.
As tariffs were being slapped on hundreds of goods, shipping rates for dry bulk — the segment that hauls billions of tons of coal, iron ore and crops around the globe — kept rising. But no more.