Fresh investment from DP World will help reduce congestion and slash the average stay for a vessel to 24 hours from five days.

The National Air Traffic Controllers Association union has called on Congress to provide what it sees as its biggest challenge to reducing risk: funding.

The government will provide €200 million to help develop renewable jet-fuel projects, including one developed in southern France by startup Elyse Energy, French President Emmanuel Macron said. 

Pipavav port, operated by APM Terminals, resumed landside operations, the company said in a statement late June 16, though marine and quay-side operations remained suspended.

Trafigura said it expected to lose nearly $600 million due to “systematic fraud” perpetrated by businessman Prateek Gupta, according to legal filings seen by Bloomberg.

An announcement could be made as soon as when Prime Minister Narendra Modi visits the U.S. during the week of June 19, according to people close to the matter.

"We’re excited to play a critical enabling point to building these more resilient supply chains,” said chief executive officer Pat Gelsinger at a June 16 press conference.

Manufacturing outputs during May 2023 rose 0.1% compared to the previous month but were still 0.3% lower than levels during May 2022.

In Singapore, the German industrial conglomerate will reportedly spend €200 million to build a facility that will produce factory automation devices to meet rising Asian demands.

Spirit AeroSystems Holdings Inc. is preparing to make a so-called best-and-final offer during the week of June 15 to about 6,000 unionized employees.