Global container freight rates have been falling since March, and the Freightos Baltic Index (FBX) has nearly halved in the past six months. The third quarter of each year is the traditional peak season for freight. However, this year, the freight industry has experienced a downshift due to global inflation, weakened economic outlooks, and shrunken…
Global Container Freight Rates Have Halved Since March as Demands Drop and Inflation Looms
Global Container Freight Rates Have Halved Since March as Demand Drops and Inflation Looms
Global container freight rates have been falling since March, and the Freightos Baltic Index (FBX) has nearly halved in the past six months. The third quarter of each year is the traditional peak season for freight. However, this year, the freight industry has experienced a downshift due to global inflation, weakened economic outlooks, and shrunken…
Beijing Requests for Help With Trade Pact Application Ignored by Australia
The Australian government has refused to respond to Beijing’s “repeated” requests to begin negotiations to join one of the world’s most extensive free-trade agreements. This is despite suggestions from Beijing that the current frosty relations between the two countries would improve if Australia backed its admission to the bloc. China’s ambassador to Australia, Xiao Qian…
Senator Concerned Australian Pension Funds Could Seek Out China Market
Sen. James Paterson says he is concerned Australian pension funds (superannuation) could seek out investment opportunities in countries run by authoritarian regimes like China. “We’re not as big a global investor as the United States is, but our superannuation industry—our pensions funds—are increasingly large and are really outgrowing the Australian economy and need to invest…
Mental Health Industry to Help Australian Teens With Healthy Relationship Building
Influenced by prolific social media and reality TV show, which showcase unrealistic and distorted images of finding love, Australian teenagers lack healthy role models for both friendships and intimate relationships, according to an expert. The situation has worsened amid a rise in domestic violence, mental health challenges, and the increase in separation and divorce rates…
The Ghost of Peronism: Why Argentina Keeps Making the Same Mistakes Again and Again
Commentary Around a century ago, Argentina was one of the wealthiest countries in the world. Indeed, in the early 1900s, the country was ranked among the ten richest in the world, ahead of France and Germany. In 1914, more than half of Buenos Aires’s population was actually foreign-born. Argentina was a magnet for numerous European…
Beijing Claims UN Nuclear Watchdog’s Report on AUKUS ‘Lopsided’
Beijing has panned the United Nations’ nuclear watchdog for giving a positive assessment of the progress of the AUKUS deal so far. “The Agency, on the basis of technical consultations and exchanges it has conducted with the AUKUS parties to date, is satisfied with the level of their engagement,” according to a report from the…
France Demonstrates Air Power Capability in the Indo-Pacific
France has reaffirmed its role as a Pacific power after the French armed forces completed a demonstration of long-distance air power projection. The force projection, code-named Mission Pégase 22, saw a contingent of the French Air Force travel from Paris to New Caledonia in just 72 hours over 16,600 kilometres (10,315 miles) demonstrating the France’s…
NATO Launches Large-Scale Crisis Response Exercise in Mediterranean Sea
The United States and 11 members of the North Atlantic Treaty Organization (NATO) have begun large-scale navy exercises this week in the eastern Mediterranean Sea in a crisis-response exercise dubbed “Dynamic Mariner.” According to a statement from officials, Dynamic Mariner is “held in conjunction with the Turkish Navy’s Exercise Mavi Balina, which brings together 12 Allied…
NATO Begins Large-Scale Crisis Response Exercise in Mediterranean Sea
The United States and 11 other members of the NATO alliance have begun large-scale naval exercises in the eastern Mediterranean Sea in a crisis-response exercise dubbed “Dynamic Mariner.” Dynamic Mariner is “held in conjunction with the Turkish Navy’s Exercise Mavi Balina, which brings together 12 Allied nations off the coast of Turkiye,” according to a…
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