News
UK may already be in recession - Bank of England
The Bank of England has raised interest rates from 1.75% to 2.25% - the highest level for 14 years - and warned the UK may already be in a recession.
Globalization of trade isn’t ending, despite Covid, war, inflation
Forecasts for global trade to slow down as supply chains reposition through nearshoring and reshoring of manufacturing operations is not happening, according to a new report by DHL Express and the NYU Stern School of Business.
Canceled sailings, stuck vessels, warehouse prices show U.S. ports are still struggling
Ocean carriers continue to cite congestion at U.S. and Canadian ports as the reason for canceling sailings in September, a cut in vessel service that has been flagged in previous CNBC reporting
Asia stock markets slide on US interest rate fears
Shares in Asia have fallen after the chairman of the US central bank said it would continue to raise interest rates to tackle soaring prices.
Covid: Qantas says pandemic 'existential crisis' is over
The national carriers of Australia and New Zealand say that the worst of the coronavirus crisis is now behind them, even as they posted annual losses for a third year in a row.
Dollar hits 20-year high as markets hunker down for higher rates for longer
The U.S dollar climbed to a 20-year high against other major currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down soaring inflation.
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