USPS Crisis Deepens with Amazon Delivery Cuts
The U.S. Postal Service confronts severe financial strain as Amazon plans to reduce package shipments by two-thirds, threatening a key revenue source amid ongoing losses.
Category : Trade
Canada's Arctic Nation-Building: Roads and Ports for Sovereignty
Ottawa launches major infrastructure projects in the Canadian Arctic, including roads and deepwater ports, to boost sovereignty and economy amid US tensions and climate challenges.
Farmers Defend Stockpiling as Regional Australia Faces Fuel Crisis
Independent retailers struggle with fuel allocations from major companies as farmers bring diesel orders forward due to soaring prices and Middle East conflict impacts.
US Eases Venezuela Oil Sanctions Amid Iran War
The US Treasury Department has eased sanctions on Venezuela's state oil company, allowing limited business to boost global oil supplies during the ongoing Iran conflict.
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Russian Tanker Adrift in Mediterranean Risks Environmental Disaster
A damaged Russian LNG tanker from Putin's shadow fleet is drifting unmanned in the Mediterranean, threatening an unprecedented ecological catastrophe near Malta and Italy.
Shipping Halts in Strait of Hormuz as Iran Exports Oil
Maritime traffic through the Strait of Hormuz has plummeted since early March due to war with Iran, with only 90 vessels crossing, including oil tankers, as Iran exports over 16 million barrels primarily to China.
Limited Ship Crossings in Strait of Hormuz Amid Iran War
Approximately 90 vessels have navigated the Strait of Hormuz since early March, a sharp decline from pre-war levels, as Iran maintains control over this crucial oil chokepoint.
US-Indonesia Trade Pact Secures Fossil Fuels and Minerals
A new US-Indonesia trade agreement strengthens Washington's access to critical minerals while boosting American fossil fuel exports, reshaping economic ties amid US-China competition.
Iran Exports Oil via Strait of Hormuz Despite War Closures
Approximately 90 vessels, including oil tankers, have crossed the Strait of Hormuz since early March, enabling Iran to export over 16 million barrels of oil despite the waterway's effective closure due to conflict.
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Canada Opens Door to Cheap Chinese EVs, Escalating Trade Tensions
Canada is fast-tracking a deal to allow low-cost Chinese electric vehicles into its market, risking undercutting US automakers and escalating trade clashes with President Donald Trump.
Wisconsin Moves to Legalise Online Sports Betting
Wisconsin legislators have approved a bill to permit online sports wagering through tribal casinos, pending Governor Tony Evers' signature and complex tribal negotiations.
Japan's February Trade Surplus as Exports Offset China Demand
Japan recorded a trade surplus of 57.3 billion yen in February, reversing a prior deficit, with exports rising 4.2% despite declines in shipments to China and the U.S.
Paraguay Finalises South American EU-Mercosur Trade Deal Approval
Paraguay has ratified the Mercosur-European Union free trade agreement, making it the last South American nation to approve the deal, which creates one of the world's largest trade zones.
Ireland's $6.1B US Investment Defies Trump Tariffs
Amid Trump's aggressive trade policies, Ireland pledges $6.1 billion in US investments, creating over 110,000 jobs and proving a mutually beneficial transatlantic relationship.
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Strait of Hormuz Blockade: Global Shipping Crisis Deepens
The Liberia-flagged tanker Shenlong Suezmax crossed the Strait of Hormuz last Friday, one of few vessels to navigate the Iranian-blockaded passage since conflict erupted, as over 1,000 cargo ships remain stranded amid soaring energy prices.
Bailiffs Board Ryanair Flight Over Unpaid Compensation
Austrian officials boarded a Ryanair Boeing 737 at Linz airport, affixing a seizure sticker due to unpaid €890 compensation for a delayed flight, sparking a legal dispute.
Slovakia Plans Higher Diesel Prices for Foreigners to Curb Fuel Tourism
Slovakia's government is proposing regulations to charge foreign drivers more for diesel or limit refuelling, as fuel tourism drains stations near Poland. Global fuel prices surge due to Middle East conflict.
Bailiffs Board Ryanair Plane Over Passenger Compensation Dispute
Austrian officials seized a Ryanair Boeing 737 at Linz airport after the airline ignored a court order to pay a passenger €890 for a delayed flight, issuing a seizure sticker but allowing operations to continue.
Wasabeef Crisps Production Halted Due to Oil Shortage
Fans of Japan's popular Wasabeef crisps are outraged as Yamayoshi Seika halts production due to cooking oil shortages linked to Middle East conflict and Strait of Hormuz closure.
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Argentina Wine Industry Crisis: Consumption Hits Record Low
Argentina's wine industry is enduring its worst crisis in over 15 years, with record-low domestic consumption, declining exports, and vineyard closures amid economic challenges.
Trump Claims 'Absolute Right' to Impose New Tariffs After Court Ruling
Donald Trump has asserted his 'absolute right' to impose new tariffs following a Supreme Court ruling that declared many of his previous import duties illegal, sparking a furious response from the former president.
Trump Demands European Aid in Hormuz Crisis as Oil Prices Soar
Donald Trump pressures European allies to protect the Strait of Hormuz, warning of NATO consequences, as Iran's blockade disrupts global energy flows and spikes oil prices.
China Warns Trump Tariffs Could Harm US Trade Ties
China's trade representative expressed serious concern that Trump's latest tariff investigations could destabilise hard-won economic relations between the two superpowers.
Iran's Hormuz Blockade Sparks Global Oil Crisis and Military Tensions
Iran has retaliated against US-Israeli strikes by effectively closing the Strait of Hormuz, a vital waterway for 20% of global oil and gas. The blockade has caused historic supply shocks, soaring prices, and a complex international military dilemma.
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Trump Demands NATO Help Reopen Iran-Blocked Strait of Hormuz
President Trump pressures NATO allies to assist in reopening the Strait of Hormuz, a critical global oil chokepoint, as Iran's blockade causes oil prices to surge above $100 per barrel and disrupts maritime trade.
Iran Attacks Gulf, Strangles Oil Shipping as Energy Crisis Looms
Iran intensifies attacks on Gulf neighbours and blocks Strait of Hormuz shipping, sparking global energy crisis concerns as oil prices surge and Trump demands allied naval support.
Oil Near $105 as Iran Attacks Gulf, Shares Mixed
Brent crude trades near $105 per barrel as Iran escalates attacks in the Gulf, disrupting oil flows. Global stock markets show mixed results amid inflationary pressures.
USMCA Renewal Talks Start as Trump Threatens Withdrawal
High-stakes negotiations to renew the US-Mexico-Canada trade agreement commence, with over $4 billion in daily cross-border goods at risk. President Trump's demands and potential withdrawal loom over the $1.6 trillion annual trade bloc.
Australia Faces 'Covid 2.0' Price Hikes from Middle East Conflict
Australian manufacturers warn of sharp price rises and possible rationing as the Strait of Hormuz closure strains supply chains, with plastics costs spiking up to 50%.
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Iran May Allow Chinese Tankers Through Strait of Hormuz
Iran is considering allowing Chinese-linked oil tankers safe passage through the Strait of Hormuz, potentially in exchange for yuan transactions, amid global tensions over the strategic waterway's closure.
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