The European Union will have to replace about 600,000 barrels a day of diesel imports, and Russia will need to find new buyers for those supplies.

China’s surprise decision to drop border curbs earlier in January has given the industry a boost following earlier projections for a reopening much later in 2023.

Uganda’s decision to cancel the contract with China Harbour Engineering Company may help it consider an alternative route through its southern neighbor Tanzania.

South Africa’s freight rail operator doesn’t have enough railway wagons and is often hit by sabotage and theft.

A halt to all flights across the country is extremely rare and has only been done a handful of times, such as after the September 11, 2001, terrorist attacks. 

The move follows Frontline’s decision to withdraw merger plans after opposition from one of Belgium’s oldest shipping families.

The move is the latest step in FedEx’s effort to reduce costs, improve efficiency and deal with a decline of package volume as people return to shopping at retail stores.

Amazon for years has worked to expand its e-commerce success beyond its own webstore.

CVS’s drugstore chain is coping with headwinds that include diminished concerns about the pandemic, which has translated into fewer visits for COVID-19 tests and vaccinations.

While Europe has so far made it through an unprecedented energy crisis that has fueled inflation, much of the winter remains.