Dubai’s Jebel Ali Port was just named the world’s most productive port by the U.S. Journal of Commerce. It beat out 483 other ports around the world. The port has always been a leader. Back in 2007, it was ranked seventh in the world. However, Jebel Ali Port finally made it to the top.
It’s getting more expensive to manufacture electronics in China. That’s why several companies including LG, Microsoft, and Samsung are moving operations to Vietnam where the labor is cheaper and the tax breaks are better. Samsung Electronics plans to build a second mobile phone plant in Vietnam for around $3 billion.
After lengthy negotiations, India and the U.S. have finally reached an agreement on food subsidies and the trade facilitation agreement doesn’t have any more roadblocks before it can go into effect. However, the World Trade Organization negotiations ended in a compromise with India and must be addressed at a future time.
President Barack Obama wants to strengthen the manufacturing supply chains of the U.S. Therefore he supports the Supply Chain Innovation Initiative created by the Department of Commerce’s Manufacturing Extension Partnership. It is a competition aimed at helping small manufacturers in the U.S. implement new technologies and ultimately strengthen the economy. Several companies and groups have…
Egypt plans to create a massive global logistics center in Damietta to handle and store grain and other food commodities. Several countries are joining in the efforts and investing in the 15-billion pound project. The logistics center is supposed to increase the annual capacity of food commodity trading in Egypt by triple and benefit several…
Have you been spending less money at the pump? Fuel prices have been on the decline, and there’s no sign of stopping. That’s true across the board, even for diesel fuel. So, now is a good time to take a road trip if the price of fuel is what has been holding you back. The…
Historically, solar has struggled to compete in the energy industry because fossil fuels and natural gas have always been cheaper. Only environmentally conscious people chose to invest in solar, and most did not see a return on their investment. However, a recent study by Deutsche Bank says things may turn around for solar by 2016.
The Ebola outbreak in West Africa is causing havoc on the world’s economy, but the agricultural industry is seeing one of the biggest hits. West Africa accounts for 70 percent of the world’s cocoa production, and many fear that Ebola will make imports from West Africa more difficult, especially if the disease spirals further out…
Bloomberg reported that the price of nickel saw a sharp jump in price on Wednesday after five months of lengthy declines. China’s inventory is already tight, and they plan to reduce their output further in favor of cheaper alternatives. Speculation about what China will do and the low stockpiles currently available are responsible for the…
India is a heavy importer of fuel. Therefore, their economy is more sensitive to changes in energy prices than other countries. Commodity prices around the world are in a slump, especially for energy products such as oil, gas, and coal. This is proving to be a good thing for India’s economy, particularly in their manufacturing…