Blackstone plans to double its investments in India to $100 billion within five years, with chief operating officer Jonathan Gray describing the country as the firm’s best-performing market and expressing confidence in
DP World has reached a significant milestone, surpassing 100 million TEUs of container handling capacity across its global portfolio, a remarkable achievement that underscores the company’s aggressive investment strategy and leadership in
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by Our Economic Affairs Editor China has made significant strides in the development of automated container and dry bulk terminals, with 52 of these facilities now operational, placing the country at the
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A groundbreaking proposal for a flat tax on shipping emissions has gained significant momentum as Liberia and Panama, the world’s leading shipping registries, announced their support. These nations join 43 others, including
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Indonesia is maintaining its ban on Apple’s iPhone 16, declaring that the US tech giant’s $1bn investment proposal to build an AirTag manufacturing facility is insufficient to meet the country’s strict local
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Eiji Hashimoto, the CEO of Nippon Steel, has cautioned that tariffs alone will not strengthen the US steel industry, as he pursues legal action against the Biden administration’s decision to block his
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As US-listed bitcoin miners face tightening profit margins and increasing competition for resources, companies are turning to stockpiling cryptocurrency to ride out the storm. Firms like Mara Holdings, Riot Platforms, and CleanSpark
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Eurozone inflation saw a modest rise to 2.4% in December, marking the third consecutive month of inflation increases. This uptick in prices, which aligns with market expectations, follows a 2.2% rate in
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A growing trend in the airline industry is reshaping the traditional model of connecting passengers through large hub airports. The use of smaller, more fuel-efficient jets is enabling airlines to offer more
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Shipowners have placed record orders for container vessels, driven by strong profits and signaling a potential shift in the global shipping landscape. According to a report from the Financial Times, the total
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by Our Economic Affairs Editor On the eve of his final moments in office, President Joe Biden implemented a sweeping ban on oil and gas drilling in over 625 million acres of
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Venezuela’s oil exports achieved a remarkable 10.5% increase in 2024, reaching the highest levels since 2019, despite the ongoing challenges posed by U.S. sanctions and the country’s fragile domestic economy. The surge
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Lars Barstad, CEO of Frontline, the world’s largest publicly listed oil tanker operator, has issued a stark warning about the growing threat posed by unregulated “dark fleet” vessels. Speaking to the Financial
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Canada is positioning itself to reclaim the top spot as the world’s largest uranium producer, driven by a surge in demand for nuclear power and escalating geopolitical tensions. With prices for uranium—the
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Tulip Siddiq, the UK Treasury’s Economic Secretary, is facing renewed scrutiny over her links to properties worth approximately £4.5 million ($5.5 million), connected to allies of her aunt, Sheikh Hasina, the former
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by Our Economic Affairs Editor The Port of Colombo has set a new benchmark in 2024, achieving a record throughput of 7,782,776 Twenty-foot Equivalent Units (TEUs), marking the highest performance in its
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