Hong Kong should develop its shipping insurance and management capabilities, among other areas, to strengthen its status as a global maritime hub amid intensifying geopolitical tensions, former city leader Leung Chun-ying has said. Leung, in his capacity as co-founder and honorary adviser to the Hong Kong Chamber of Shipping, said in a wide-ranging interview last…
Hong Kong’s major retailers are using aggressive tactics such as direct sourcing and leveraging massive economies of scale to avoid raising prices despite surging logistics costs arising from the war in the Middle East. But their resilience is being seriously tested for certain goods, with a leading cosmetics chain warning that shipping and airfreight costs…
Veterans Day is here, the holiday celebrated annually to honor Americans who have served in the military. The history of Veterans Day dates back to 1919, when President Woodrow Wilson set Nov. 11 that year as the first commemoration of Armistice Day after World War I. In 1956, Congress voted to change the name of…
UPS and FedEx said they are grounding their fleets of McDonnell Douglas MD-11 planes “out of an abundance of caution” following a deadly crash at the UPS global aviation hub in Kentucky. The crash Tuesday at UPS Worldport in Louisville killed 14 people, including the three pilots on the MD-11 that was headed for Honolulu….
Chinese Premier Li Qiang met with US business, academic and civic leaders on Thursday in New York, urging them to use their influence to help improve troubled relations between the two economic giants. Speaking on the sidelines of the UN General Assembly at a private meeting, Li said bilateral ties needed to be actively fostered….
00:00 Speaker A Time now for to watch next week. Gonna start off on the earnings front. We’re getting another round of earnings, including FedEx, Micron, and Nike. Nike announced results for the fourth quarter on Thursday. That’s after the markets close. Been a rough year for Nike offering big discounts to clear out product…