EU member states voted on October 4 to impose new tariffs of up to 35%, with 10 countries including France, Italy and Poland in favor of the measure. 

Maersk had already raised its 2024 profit forecast in May, June and August, as the Red Sea conflict was having a larger than previously expected impact.

A tentative deal between Boeing and the union doesn’t guarantee that workers will also fall in line.

Boeing is in the process of buying back Spirit after an ill-fated separation almost two decades ago.

The LA and Long Beach ports, which together account for roughly a third of all U.S. container imports, each had their busiest ever peak season.

The project in Karawang, West Java, aims to scale up battery production to 15 gigawatts a year.

China has threatened to raise tariffs on large-engine vehicles and said it will start collecting duties on cognac, in moves that would hit the EU’s two largest economies.

The line will connect with a €2.7 billion ($2.9 billion) track that will link Uganda’s capital of Kampala to Malaba at the border with Kenya.

The railway would cross the Yavuz Sultan Selim suspension bridge, one of the longest and widest of its kind in the world.

Boeing has already initiated a range of cost-cutting plans as it grapples with dwindling reserves and low output.