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India-UAE Trade Corridor: Redefining Global Trade Flows and Strategic Partnerships
India and the United Arab Emirates have signed a major agreement on the establishment of a trade corridor that aims to connect Europe with India through parts of the Middle East. The agreement, which was reached during a visit by Indian Prime Minister Narendra Modi to the UAE, is an ambitious plan backed by the…
Combatting Forced Labor: The US Government’s Efforts and the Role of Businesses in Ensuring Supply Chain Transparency
The fight against forced labor continues as the US government takes significant steps to combat this issue. According to a recent report by CNBC, federal authorities have seized $961 million worth of goods since late June 2020 over suspected ties to forced labor. Customs and Border Protection (CBP) has been enforcing the Uyghur Forced Labor…
Ford Chairman Urges UAW to End Strike and Reach Labor Agreement
Bill Ford, the executive chairman of Ford, has called on the United Auto Workers (UAW) union to bring an end to the ongoing 32-day strike and reach a new labor agreement. He emphasized the growing impact of the strike on both Ford and the U.S. economy. The strike has already led to the closure of…
Become a Freight Broker, Updates On Baltimore Port And A Geopolitical Crisis
How to Become a Freight Broker: Opportunities, Skills, and Licensing Requirements. The freight brokerage industry is set to grow significantly in the coming years, providing ample opportunities for aspiring freight brokers. With an expected 6% annual growth rate and a projected market size of $85.9 billion by 2032, the industry’s expansion is promising. Freight brokers…
Intertech Trading Corp. Pleads Guilty to 14 Felonies for Failure to File Export Information on Shipments of Lab Equipment to Russia and Ukraine
CONCORD – Intertech Trading Corporation, an Atkinson, New Hampshire-based laboratory equipment distributor, pleaded guilty in federal court to 14 felony counts of failure to file export information on shipments to Russia and Ukraine, United States Attorney Jane E. Young announced today. According to court documents and statements made in court, between 2015 and 2019, Intertech exported…
China’s Chipmaking Equipment Imports Surge 93% Despite Curbs
Despite trade restrictions imposed by the US and its allies, China has seen a significant surge in imports of semiconductor manufacturing equipment. In this post, we will explore the key findings from a report by Nikkei Asia that highlights the resilience of China’s chip industry and its ability to acquire the necessary equipment. Main Information:…