World

Atlas Air Worldwide has announced it has acquired a 49% minority stake in Iceland-based Air Atlanta, which will expand its...

Walmart is considering how to allocate potential tariff refunds that could amount to less than half of 1% of its annual U.S. sales — roughly $2.4 billion — with a clear intention to channel any recovery into lowering prices for customers facing ongoing cost pressures.  Speaking during the company’s fiscal Q1 2027 earnings call (ended April 30), CFO John David Rainey said Walmart would “definitely bias and try to prioritize” using any tariff refunds to support price reductions, pointing to persistent pressure on consumers, particularly from elevated fuel costs. ...

US federal regulators have conditionally accepted the merger application submitted by Union Pacific and Norfolk Southern, allowing the process to move forward...

Three tankers have reportedly been struck by drones in the Black Sea off Turkey’s northern coastline, marking a new escalation...

The growing pressure on global shipping routes, particularly between Asia and Europe, is reviving long-standing discussions about alternative propulsion models...

SS Teo, one of Singapore’s most recognised shipping figures and executive chairman of Pacific International Lines (PIL), has stepped aside from his leadership role as he prepares to defend himself and his company against a US Justice Department container cartel investigation.  PIL, currently the world’s 12th largest container shipping line, confirmed that Teo will take a leave of absence from his position...

The shipping crisis in the Strait of Hormuz is nearing its 100th day with no sign of resolution, as tensions...

 Baker Hughes has extended its agreement with Equinor through two further contract extensions for integrated drilling and well services, as...

Airfreight volumes across Asia Pacific recorded a sharp rebound in mid-May, rising 11% week on week after the seasonal disruption...

LATAM Airlines Group has been included once again in S&P Global’s Dow Jones Best-in-Class Chile and MILA 2026 sustainability indices,...