For years, transportation procurement has largely followed a familiar playbook: Shippers issue an annual request for proposals, carriers submit rates, and those contracts are expected to hold steady until the next bidding cycle. Today, that approach has become much harder to sustain.
The fund will be set up as a financing agreement that pre-funds the purchase of essential components, providing suppliers with the capital they need to stockpile parts.
Through March 2027, El Niño will likely bring above-normal temperatures to much of the Northern Hemisphere, including western North America and southern Europe.
If Iran were to join the NDB, it would become eligible for financing for a range of infrastructure projects across transportation, sanitation and urban development.
Hungary is planning to build a riverbed structure in the Danube River, in a bid to raise water levels enough to keep that country's only nuclear power plant online.
Houthi rebels reportedly hit a cargo ship with three ballistic missiles, in the first deadly attacks against commercial vessels in the region since the start of the Iran war.
