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1 min read
American Airlines withdrew a lawsuit seeking compensation from a $36 billion shipping giant over a damaged plane engine
American Airlines said it has been trying to get compensation for 2 years, saying the engine was da…
Pete Syme
4 mins read
Yemen's Houthi rebels are menacing ships on the high seas
The Houthis have wreaked havoc against international shipping in the Red Sea and are showing they c…
Paul Iddon
4 mins read
The death of free shipping
Retailers used free shipping and free returns to get consumers hooked on e-commerce. Now those days…
Emily Stewart
2 mins read
RBI leaves key repo rate unchanged, focus on keeping inflation in check
The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in i…
5 mins read
I've worked on cruise ships for years. I always see passengers make these 13 mistakes.
I've worked on ships for over six years. Here are mistakes passengers make on cruises, from only ea…
Erica DePascale
2 mins read
The 'freight recession' rocks global shipping, fueling a 75% plunge in container rates
Since peaking during the pandemic, the transportation industry has faced a protracted slump. An ind…
Joseph Wilkins
1 min read
Russia's ammo supply is outgunning Ukraine at a rate of 6 to 1, Zelenskyy warns of retreat
Ukraine's President Volodymyr Zelenskyy said that if Congress did not approve more aid soon, Ukrain…
Alia Shoaib
1 min read
Oil prices spike on crude inventory update and Powell's rate-cut outlook
The Israel-Hamas war, Red Sea attacks, and the West's sanctions on Russia's oil trade have helped k…
Yuheng Zhan
2 mins read
China has the capacity to build PLA combat ships at 200 times the rate that the US can, per leaked US Navy intelligence
The information was seen on a leaked US Navy briefing slide. The US Navy has since confirmed the sl…
Kwan Wei Kevin Tan
3 mins read
Who are the Houthis and why are the rebels in Yemen attacking Red Sea shipping?
Yemen's Houthi militant group is backed by Iran and says it's been attacking shipping in the Red Se…
Grace Eliza Goodwin
4 mins read
TikTok's growth rate has collapsed. 'Life' may be getting in the way for its younger users.
TikTok's user growth lagged behind Snapchat, YouTube, Instagram, and even Facebook in the final qua…
Alistair Barr
2 mins read
The Red Sea crisis could trigger an inflation spike as shipping costs soar
An index that tracks container rates spiked 61% last week, with big companies rerouting their vesse…
George Glover
2 mins read
Red Sea turmoil has sent shipping costs surging 150%, which will push inflation higher, Fitch says
Houthi attacks in the Red Sea have pushed shipping costs up, which could add 0.4 percentage points …
Filip De Mott
2 mins read
War and climate change are the main obstacles to aggressive Fed rate cuts in 2024, strategists say
Tumult in the Middle East and a parched Panama Canal risk creating pandemic-like supply shocks that…
Aruni Soni
2 mins read
US stocks rise as Fed comments fuel hopes rate hikes are done
Fed Governor Christopher Waller said he is optimistic that the central bank remains on track to tam…
Phil Rosen
2 mins read
One of the biggest trends powering sky-high inflation got a lot better in May
A new index from Oxford Economics shows the supply chain healing for a second straight month as bac…
Ben Winck
7 mins read
At least 10 people on cruise ships went overboard this year, and 2 miraculously survived
At least nine people on cruise ships went overboard so far this year, turning vacations into disast…
Natalie Musumeci
2 mins read
The high-profile failure of a $3.7B aircraft carrier shows how Britain is struggling to keep up with first-rate militaries
Years of underfunding have left the UK's Royal Navy in a threadbare state as global threats intensi…
Tom Porter
2 mins read
Russia's war on Ukraine could triple ocean shipping rates to $30,000 per container, expert says
The war is likely to send ocean and air shipping rates skyrocketing at a time when the global suppl…
Grace Kay
2 mins read
The Panama Canal is so clogged up that a shipping company paid $4 million to jump the line: report
Japan's Eneos Group paid almost $4 million for expedited passage through the Panama Canal amid an u…