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Houthis Attack Another Saudi Ship in Red Sea
A spokesperson for the Houthis said on social media on August 17 that the group had struck a Saudi military vessel and four escort ships at Yemen's Port of Mokha.
A Navy ship patrols the Red Sea. Photo: iStock/gorsh13
Tyson to Shed Three Beef Plants as U.S. Cattle Herds Dwindle
The USDA reported in February that there were an estimated 86.2 million heads of cattle in the U.S. to start the year, marking the lowest level the country has seen in 75 years.
New Holland, PA. iStock.com/gsheldon
Idled Dodge Muscle Car Plant May Be Sold, Canada Union Says
Although Stellantis hasn’t provided formal notice of closing the plant, the company has indicated that it’s open to selling it.
The Stellantis Brampton Assembly Plant in Brampton, Ontario, Canada. Photographer: Laura Proctor/Bloomberg
Covert Mideast Oil Flows Are Keeping Global Prices in Check
The trade of ferrying oil through the Strait of Hormuz undetected to transfer the barrels onto tankers in the Gulf of Oman is running at full tilt, sources say.
Processing tank at the Abu Dhabi National Oil Co Ruwais refinery and petrochemical complex in Al Ruwais, United Arab Emirates. Photographer: Christophe Viseux/Bloomberg
Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
The Justice Department argued that lifting a suspension on tariffs that were already in effect was not the same as ordering new ones.
Photo: iStock/alvarez
BAE Systems to Pay $36M for Breaching U.S. Arms Export Regs
The Department has agreed to suspend $18 million of the penalty for remedial measures to strengthen BAE’s compliance program.
Two Royal Australian Air Force BAE Hawk 127 jet trainer aircraft taking off. Photo: iStock/Ryan Fletcher.
U.S. Claims Dozens of Countries Helped China Evade Tariffs
Illegal transshipment may involve relabeling, repackaging, re-invoicing, minor processing, false country-of-origin claims or other action, a White House report said.
Image: iStock/wildpixel
Maersk Capitalizes on 'Heightened Volatility' as Rates Surge
The ocean carrier brought in $15.8 billion in revenue in Q2, up from $13.1 billion a year earlier, while operating profit nearly doubled year-over-year to $1.6 billion.
Photo: iStock / Marina113
Ports of Los Angeles, Long Beach to Boost Clean Energy Incentives
The ports will have agreed to increase financial incentives offered to ocean carriers that send their lowest-emitting vessels into Los Angeles and Long Beach.
Photo: iStock/halbergman
GM to Create $4.5B Safety Fund to Head Off Future Disruptions
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.
Photo: iStock / JHVEPhoto
U.S. Climate Prediction Center Sees 69% Chance of Historic El Niño
Through March 2027, El Niño will likely bring above-normal temperatures to much of the Northern Hemisphere, including western North America and southern Europe.
Workers harvest blueberries at a farm near Huacho, Huaura Valley, Peru, on July 25. El Niño has formed across the equatorial Pacific, setting the stage for months of droughts, floods and temperature fluctuations that will threaten communities worldwide, along with agriculture and energy. Photographer: Marco Garro/Bloomberg
Iran Eyes Membership With BRICS Development Bank
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.
Photo: Aaron Schwartz / Bloomberg
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