June 28, 2024 at 12:13 pm | Uncategorized | No comment
The S&P 500 posted a slight gain on Thursday as investors awaited fresh inflation data to gauge potential interest rate cuts by the Federal Reserve. The broad market index edged up 0.09% to close at 5,482.87, while the Nasdaq Composite rose 0.30% to 17,858.68. The Dow Jones Industrial Average added 36.26 points, or 0.09%, finishing […]
Read moreJune 27, 2024 at 11:18 am | Uncategorized | No comment
The Red Sea crisis has significantly impacted the transshipment volumes at Colombo Port. According to the Daily Mirror, the port’s transshipment volumes recorded a growth of only 8.1% year-on-year (YoY) to 525,936 TEUs in April 2024, marking the lowest growth rate since November of the previous year, following consistent double-digit growth during the initial months […]
Read moreJune 27, 2024 at 9:12 am | Uncategorized | No comment
In this podcast, Chris Camacho, President and CEO of the Greater Phoenix Economic Council, highlights how Greater Phoenix has emerged as a key logistics hub and an attractive destination for businesses. He explains that the region’s growth is driven by factors such as its strategic geographic position, robust infrastructure investments, and a pro-business climate. These […]
Read moreJune 23, 2024 at 4:27 pm | Uncategorized | No comment
Sri Lanka has been elected to the United Nations Economic and Social Council (ECOSOC) for a three-year term starting on January 1, 2025. The election took place at the United Nations General Assembly (UNGA) on June 7, 2024, in New York, where Sri Lanka secured 182 votes out of 189 member states present, making it […]
Read moreJune 20, 2024 at 1:03 pm | Uncategorized | No comment
As online shopping has evolved into a marketplace dominated by extremely low prices, the hidden human cost behind these bargains has been significant. Consumers have grown accustomed to inexpensive products, but many of these come at the expense of ethical labor practices and fair working conditions. Retail giants like Shein and Temu have been at […]
Read moreJune 15, 2024 at 1:30 pm | Uncategorized | No comment
The Port of Colombo has achieved a significant milestone by being recognized as the best-performing port worldwide for the first quarter of 2024 by Alphaliner, a leading platform in the liner shipping industry. Colombo’s remarkable growth rate of 23.6% outperformed all other global ports, with the Port of Long Beach in Los Angeles following in […]
Read moreMay 28, 2024 at 12:45 pm | Uncategorized | No comment
Vigor has successfully completed the Post-Shakedown Availability (PSA) for the USNS John Lewis (T-AO 205) at Swan Island, marking a key milestone for the first-in-class Military Sealift Command vessel. This eight-month maintenance period involved system enhancements and post-delivery modifications aimed at optimizing the ship’s performance. Now that the PSA is complete, the John Lewis is […]
Read moreMay 27, 2024 at 10:46 am | Uncategorized | No comment
CIOT and ATT experts featured prominently in the media throughout March, providing insights on key tax issues. Kelly Sizer from the Low Incomes Tax Reform Group (LITRG) appeared on BBC Radio 4’s Money Box to discuss how frozen tax thresholds have increased pension taxation. Meanwhile, ATT technical officer Emma Rawson spoke on BBC Radio Essex, […]
Read moreMay 25, 2024 at 9:37 am | Uncategorized | No comment
Freight prices are greatly impacted by the General Rate Increase (GRI), a recurring change enforced by shipping lines, especially during periods of high demand. Due to a combination of increased demand, limited capacity, and disruptions brought on by China’s Labor Day, the GRI is anticipated to raise shipping rates in May 2024. Carriers use this […]
Read moreMay 25, 2024 at 6:10 am | Uncategorized | No comment
U.S. stocks closed lower on Wednesday as investors reacted to the Federal Reserve’s May meeting minutes, which signaled ongoing inflation concerns. The Dow Jones Industrial Average dropped 201.95 points (0.51%) to 39,671.04, marking its worst session in May. The S&P 500 fell 0.27% to 5,307.01, while the Nasdaq Composite slipped 0.18% to 16,801.54. The Fed […]
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