Even more shipping lines could find themselves in trouble thanks to the huge amount of overcapacity in the industry even as the crisis surrounding Hanjin Shipping has rocked the industry, says CNBC quoting the CEO of a logistics company. Hanjin ships have been denied access to ports and, in some cases, have been seized after the…
By promoting instant bookings and changing some of its technology, online rental marketplace Airbnb will try and mend some f the allegations of racism that it faced on its website. There were reports of widespread racial discrimination against non-white guests by displaying photos less prominently on its website. This was revealed in a report commissioned…
ccording to federal agencies, shippers and retailers, consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat would have to pay more as the collapse of Hanjin Shipping will boost the cost to U.S. businesses. Industry sources said that as retailers scramble to secure shipping ahead of…
The in-house “Wings of China Office” reportedly apologized to Air China, the Chinese flagship carrier, for “some improper expressions” that had hurt the airline’s brand, according to a report filed by CNBC. The statement was made in Chinese language. “This is at odds with our original purpose of promoting the beautiful scenery of London, further triggering…
There are more ways than one that South Korea’s cash-strapped Hanjin Shipping Co. is adrift at sea. Law suit for bankruptcy protection was filed by Hanjin, one of the world’s biggest shipping lines, last week in Seoul. As ports in the U.S., Asia and Europe have turned the company’s ships away, a bizarre situation has…
According to a report in Politico, high ranking employees have been banned from contributing money to certain campaigns including that of U.S. Republican presidential candidate Donald Trump by the US Investment bank Goldman Sachs. Political restrictions have been expanded to partners of the firm by Goldman Sachs, the online politics magazine said Tuesday. An email that was…
The much awaited stabilization of the global crude output can now happen after a joint statement and a possible agreement between top oil producers Saudi Arabia and Russia at the G-20 summit in China on Monday, said media reports. According to Russian news agency Interfax, the joint statement stressed on the recognition by both Russia…
In influence Arab oil suppliers have on Japan’s decision-making is decreasing as Japanese executives are increasingly drawn to investments in Israel as the price of oil falls and. Riding on the back of a visit by Prime Minister Shinzo Abe to Israel in 2015 and Benjamin Netanyahu’s trip to Tokyo in 2014, Japan and Israel…
The United States may start notifying U.S. lawmakers as early as next as it is poised to sell $7 billion worth of Boeing Co fighter jets to Qatar and Kuwait after years of delays. The Reuters reported this citing information gathered from four U.S.- and Gulf-based sources familiar with the matter. Amidst concerns raised by…
With the hope that a deal can fetch between $8 billion and $10 billion, Hewlett Packard Enterprise Co (HPE) has got in to talks with buyout firm Thoma Bravo LLC to sell its software division, reported Reuters citing people familiar with the matter. After its separation last year from computer and printer maker HP Inc,…
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