“We will increase the intensity of attacks on logistics centers and storage bases for Western weapons,” said defense chief Shoigu, according to Russian state-owned media outlet RIA Novosti. Following Saturday’s approval of a $60 billion U.S aid package by the House of Representatives after months of stalling, the Biden administration is preparing a larger-than-normal dispatch … Read more
With China’s economy showing strong signs of a rebound, growing by 5.3 percent in first quarter of 2024, WWD sister publication Sourcing Journal is taking a big step further into the market with the launch of its first international edition, Sourcing Journal China. In partnership with Chinamind Next, which has published WWD China, Beauty Inc … Read more
The National Investigation Agency (NIA) on Friday arrested Mussavir Hussain Shazib and Abdul Matheen Taahaa, the duo wanted for the Rameshwaram Cafe blast case, from their hideout outside of Kolkata. They had been on the run after setting off the IED blast at the crowded cafe near a tech suburb of Bengaluru on March 1. … Read more
The hi-tech manufacturing hub of Suzhou has unveiled a plan to double the city’s cross-border e-commerce annually for the next three years, as it looks to tap into the growing influence of Chinese platforms such as Shein and PPD Holdings’ Temu. The municipal government of the city in eastern Jiangsu province has issued a policy … Read more
The drop off marks an initial success for the new maritime corridor, which the WCK and Spanish NGO Open Arms opened this week with the support of various EU and Arab governments. “This was a test,” wrote WCK founder José Andrés on X. “[W]e could bring thousands of tons a week.” “We want to increase … Read more
Soaring freight rates and low taxes on shipping mean that CMA CGM is swimming in cash. Between 2020 and 2023, the group raked in €45 billion in profit, convincing the family-owned company to diversify into media. Saadé snapped up business newspaper La Tribune last year and Marseille paper La Provence in 2022. He also holds … Read more
PETALING JAYA: The recent implementation of 6% service tax on logistics services has caused confusion and apprehension within the industry nationwide, says the Institute of Strategic Analysis and Policy Research (Insap). “The SST on local freight is a hidden tax hike on consumers which, according to Sabah Freight Forwarders and Logistics Association president Datuk Johnson … Read more
The Body Shop Canada Ltd. is seeking creditor protection and closing a third of its stores because its parent company stripped the Canadian arm of cash and pushed it into debt, according to court documents. An affidavit published through the company’s court monitor from Jordan Searle, who heads the Canadian arm, describes how troubles befell … Read more
By the time you read this, we will have exhausted two months of 2024. Christmas lights will be appearing in home improvement retailers in no time. But I digress. Last month, I wrote about subleases. You might believe this is déjà vu all over again. And, in some ways, it is. It’s just uncanny to … Read more
The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid delivery times, industry sources say. Shein, PDD Group’s Temu and ByteDance’s TikTok Shop, which recently launched online shopping in the U.S., ship the majority … Read more
