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“US and 12 countries join new Indo-Pacific trade pact” TOKYO — President Joe Biden announced 12 countries have joined a new trade pact that the White House says will help the United States work more closely with Asian economies on issues including supply chains, digital trade, clean energy and anticorruption efforts. The signatories joining the…
“#Why wasn’t Russia ejected from SWIFT bank system? And what happens if it is?” Initial economic sanctions against Russia over its invasion of Ukraine did not include a move to sever the Kremlin’s access to the SWIFT international banking system – an omission that has sparked debate among world leaders. When pressed to explain why…
“#Jamie Dimon’s quick kowtow after telling truth on communist China” The state of corporate America is a sad one: Its best and brightest are so desperate to make a buck that they need to beg forgiveness when simply stating the obvious. Last week at Boston College, JPMorgan Chase CEO Jamie Dimon was riffing on US-China…
“#Ever Given released by Egypt months after blocking Suez Canal” The massive container ship that blocked the Suez Canal for nearly a week this year sailed again Wednesday following a multimillion-dollar deal inked between its owners and Egyptian authorities for its release. A witness on board a tug boat saw the Ever Given start to…
“#Egypt seizes Ever Given, demands $900M payment” Egypt has impounded the Ever Given — the massive container ship that blocked the Suez Canal and disrupted global commerce for days — while officials negotiate a hefty compensation payment with the boat’s owner, reports say. An Egyptian court allowed the Suez Canal Authority to seize the ship…
“#No lawsuits filed against Ever Given owner” The owner of the enormous ship that jammed the Suez Canal for hasn’t been sued over the blockbuster blockage — at least not yet. Shoei Kisen Kaisha, the Japanese ship-leasing firm responsible for the 40 million-pound Ever Given, told Reuters it hasn’t received any lawsuits or claims for…
“#Suez Canal logjam could stretch on for weeks, slam world economy” The growing traffic snarl in the Suez Canal could take weeks to untangle — and is threatening to wreak havoc on the world economy in the process. The giant cargo ship that’s wedged across the canal is blocking an estimated $9.5 billion worth of…
“#Suez Canal ship’s owner apologizes as blockage enters third day” The owner of the titanic ship blocking the Suez Canal apologized Thursday for bringing one of the world’s most vital waterways to a standstill as the traffic jam stretched into its third day. The apology from Japanese ship-leasing firm Shoei Kisen Kaisha Ltd. came as…
“#Giant container ship blocking Suez Canal partially moved” Crews have managed to partially free the container ship that caused a massive traffic jam on the Suez Canal. The 440 million-pound Ever Given has been “partially refloated” after high winds and a dust storm turned it sideways and blocked the crucial trade route between Europe and…
“#The EU just sold human rights down the river for minor commercial gains in China” Twenty-twenty was the year that saw Xi Jinping’s geopolitical lawlessness and domestic abuses peak. Yet the year ended with a gratuitous European Union giveaway to Beijing in the form of a one-sided, opaque and deceptive investment deal. The Europeans betrayed…