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Transport Tariffs: Typhoon Gaemi devastates the Philippines, Taiwan and South-East China
Typhoon Gaemi caused massive destruction in the form of evacuations, deadly landslides and flooding in the Philippines and Taiwan, extending its devastating effects to parts of south-eastern China. The storm sank a cargo ship off the coast of Taiwan and stranded...
CrowdStrike IT Outage: Global Impacts on Flights and Shipments
The recent CrowdStrike update caused a massive disruption of IT systems, leading to the delay or cancellation of thousands of flights worldwide over the weekend. Airport and airline systems were affected, leaving passengers stranded and creating a huge backlog to deal...
Maritime Freight Growth: An Analysis of Current Trends and Future Prospects
In the past week, spot rates of sea freight rates reached their highest levels of the year on major global trade routes. However, the rate of price growth has started to slow down after a surge at the beginning of the month. Signs indicate that prices may have...
Geopolitical Risks and Global Economic Prospects: A Central Bank Analysis
An escalation in geopolitical conflicts represents the biggest risk to the global economy, according to central bank reserve managers, who nevertheless remain generally positive about the global economic outlook. This is according to an annual survey conducted by UBS...