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...“You cannot minimise what the challenge has been for this family.”...
...Experts also noted a drop in Houthi attacks during a period last month when the Behshad was seemingly out of action....
...Shares in AP Møller-Maersk plunged on Thursday after it warned of a “difficult patch” for the container shipping industry, suspended its share buyback programme and slashed its dividend....
...Shipping currently accounts for around 3 per cent of global carbon emissions annually....
...Frontline would buy 24 large, modern oil tankers from Euronav for $2.35bn, Euronav would drop arbitration proceedings, and CMB would buy the 26 per cent stake of Euronav owned by Frontline and affiliated...
...J Sainsbury, the UK’s second-largest supermarket chain, said it expected to deliver profit growth this year despite a drop in earnings for the year just ended as it seeks to lure more shoppers to its stores...
...The re-routings have forced shipping lines to devise new arrangements for goods going between Asia and ports in Italy, Greece and Turkey....
...Attempts to address this — by charging for returns or forcing customers to bring back products to a physical store — risk alienating shoppers....
...Houthi attacks on vessels sailing through the Red Sea, a crucial shipping lane for global trade, began last year after Israel launched its war against Hamas in Gaza....
...This has meant shipping lines have had to add port calls in some areas to drop off and pick up containers going to and from areas that are no longer on their direct route....
...“You have windows when you’re supposed to arrive [at a port] . . . but now our schedules are in complete disarray and we’re not able to keep to timings,” he said....
...Simon Heaney, senior manager in container research at London-based Drewry Shipping Consultants, said alliances were vital for shipping lines and their customers....
...The latter, whose core customers are lower income Americans living in rural areas, eked out a 0.7 per cent rise in same-store sales but suffered a 39 per cent drop in net income during the fourth quarter...
...for IPOs....
...US department stores offer all kinds of perks to get customers to sign up for their branded credit cards at the register....
...If you’re in asset management and you’re not ready for the US’s imminent shortening of trade settlement cycles, then I don’t know what to tell you beyond that you should read this contributed piece from...
...The market for tea chains such as ChaPanda in mainland China was Rmb104bn ($14bn) in 2022, almost double the market size in 2018, according to the China Chain Store & Franchise Association....
...Higher labour costs and lower package volume resulted in a 9 per cent drop in revenue to $91bn and a 42 per cent slide in net income for 2023....
...At best, fast fashion retail is dated in its approach to gender (visit any store and you’ll see a corner of pink tutus designated for the girls and another with navy dinosaur-printed T-shirts aimed at boys...
...“You have a situation where the cost to a trader of going round the Cape is not just the additional cost of going round but he has lost his trade,” the lawyer said....
...“You have commercial interest and you see this capacity gap and you see the demand,” Shen said of the lines’ motivation for moving ships to the region....
...Shipping was another industry shaken up by pandemic disruption that has yet to find its new normal. Shipping rates soared, prompting record orders for new ships....
...The goal for the new store is to account for 8 to 9 per cent of total revenues....
...“The underlying technology is safe, provided that you handle it properly and you store it properly,” said Jim Rowan, chief executive of Volvo Cars, which is aiming to sell only electric cars by 2030....
...Need to know: Business Apple bowed to Brussels’ tech crackdown with approval for iPhone apps to be downloaded from developers’ websites rather than solely from the company’s App Store....
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