The need to know
The need to know for the week ending 12th June 2020
The need to know from Reuters global network of journalists
At this time of the year, Deng Jinling would normally be welcoming foreign buyers to her vacuum flask showroom or cramming her goods into containers to be shipped to customers in the United States.
When Japanese firm Iris Ohyama agreed in April to begin producing much-needed face masks in Japan, it marked a win for Prime Minister Shinzo Abe who wants to bring manufacturing back from China.
More than 70 ships are lined up at Brazil’s port of Santos to load sugar for export in a queue that may take a month to clear after buyers worldwide scrambled to get ahead of possible disruption caused by the ravages of the coronavirus pandemic.
Chinese e-commerce retailer JD.com has priced its shares at HK$226 ($29.16) each and raised about $3.87 billion in its Hong Kong secondary listing, according to two people with direct knowledge of the matter.
Tesla Inc’s (TSLA.O) stock jumped above $1,000 a share on Wednesday after Chief Executive Elon Musk told his staff it was time to bring the Tesla Semi commercial truck to “volume production.”
The electric vehicle revolution has been stalled by COVID-19.
Germany’s cabinet passed a national hydrogen strategy on Wednesday as part of a wider push to decarbonise Europe’s largest economy, government sources said.
From apple packing houses in Washington state to farm workers in Florida and a California county known as “the world’s salad bowl,” outbreaks of the novel coronavirus are emerging at U.S. fruit and vegetable farms and packing plants.
German freight technology firm Sennder said on Tuesday it was merging with French peer Everoad in a deal that keeps it on track for its target of 1 billion euros ($1.1 billion) in revenue by 2024.
U.S. sanctions imposed on Iran’s shipping network took effect on Monday, months after they were announced in December following accusations of supporting proliferation of weapons of mass destruction.
As opioid pills and patches fueled a two-decade epidemic of overdoses in the United States, hospitals faced chronic shortages of the same painkillers in injectable form - narcotics vital to patients on breathing machines.
Water levels on the Rhine in Germany have risen after rain in the past week but are still too shallow for cargo vessels to sail fully loaded on northern sections of the river, traders said on Monday.
Germany’s public network for electric vehicles expanded by 10,000 charging spots, an increase of nearly 60%, in the last year, the country’s electricity lobby said on Monday.
Barely three months ago, Serge Dumas had one problem: how to keep up with record demand for the metal fasteners and bolts his small aerospace supply firm manufactures just north of Toulouse.
The coronavirus pandemic and ongoing U.S.-China trade tensions threaten the peak holiday shipping season for the Port of Los Angeles, which just suffered its slowest May in more than a decade, Executive Director Gene Seroka said on Wednesday.
From elsewhere around the web
A $26 Billion Truck Company With Zero Revenue Just Surged 103% . [Bloomberg Quint]
DGWorld to boost Jebel Ali Port with autonomous vehicles. [Port Technology]
Amazon Air's fleet expansion is a bid for logistics domination. [SupplyChainDive]