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Global Trade & Economics: Page 84

Unions Vow to Fight $85B Rail Merger Over 'Catastrophic' Risks

One labor group warned that the merger would create a duopoly that would lead to higher freight costs, fewer service options and less competition.

Photo: iStock / Osarieme Eweka

Turkey Turns to Local Investors After Talks for Izmir Port Fail

The port has been owned by Turkey’s sovereign wealth fund since 2017 and is operated by TCDD, the national railways authority.

Ship-to-shore cranes and shipping containers at the commercial Port of Izmir, also known as Alsancak Port. Photo: Moe Zoyari / Bloomberg

Carney’s Tariff Shift Helps Business and Creates a Political Headache

Canada’s tariffs were one of the biggest headwinds to domestic small enterprises from the trade war, according to a poll published by CFIB on August 20.

A container ship at the Fairview Container Terminal in the Port of Prince Rupert in Prince Rupert, British Columbia, Canada. Photographer: James MacDonald/Bloomberg

U.S. Launches Probe of Wind Turbines, Opening Door to More Tariffs

The U.S. wind industry is heavily dependent on imports for parts such as blades, drivetrains and electrical systems, coming from Mexico, Canada and China.

Wind turbine blades at a factory in China. Photographer: Nelson Ching/Bloomberg

Boeing in Talks to Sell as Many as 500 Planes to China

Boeing has notched only 30 orders with Chinese carriers and leasing companies since the start of 2019.

Photo: iStock /sanfel

Trump Concedes Lower Tariffs for EU Pharma, Semiconductors

The EU will first have to pass legislation reducing U.S. export tariffs to zero in order to get the 27.5% tariffs on car exports reduced to 15%.

Part of the Pfizer, Grange Castle complex in West Dublin, Ireland. Photo: iStock/noel bennett

Amazon Business Arm Tops $35B in Sales

Amazon Business says it offers the convenient shopping and delivery experience of Amazon, along with a diverse supplier network, a global logistics network and AI-powered data analytics tools.

Photo: iStock / hapabapa

Walmart Raises Sales Forecast for 2025

Pressure to pass added costs on to consumer will rise as retailers deplete inventories, especially as the peak sales season at the end of the year approaches.

Photo: iStock.com/Sundry Photography

Tariffs Set to Turn Holiday Shopping Season into High-Stakes Gamble

What was once the season of abundance may instead feel like one of triage, where both retailers and consumers make hard choices about what can be afforded.

Photo: iStock / Pongasn68

Chinese Carriers Claim Jets From Elusive Airbus Mega-Order

The order, reported on by Bloomberg News in June, would be among the largest ever for Chinese airlines, which typically order in bulk through the government.

Photo: Dhiraj Singh/Bloomberg

Trump Admin Weighs Plan to Take 10% Stake in Intel

Such a move would represent one of the most significant government interventions in a U.S. company since 2008's rescue of the auto industry.

Photo: iStock / William_Potter

Shein Mulls Move Back to China Ahead of Hong Kong Listing

Even while based in Singapore, Shein has been subject to regulatory oversight from Chinese authorities, given that the retailer still produces the majority of its clothing in China.

Photo: iStock / Robert Way

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