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Global Container Freight Rates Surge 150pc Amid Red Sea Disruptions

Disruptions in the Red Sea prompt a 150% increase in global container freight rates over 45 days, impacting India s foreign trade logistics and key sectors like crude oil, auto, chemicals, textiles,. ....

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Singapore Core Inflation Cools Further as Import Costs Stay Low

(Bloomberg) Singapore’s core inflation moderated further in August from a year ago, reflecting improvements to supply chains and lower import costs that allow the central bank room to extend its pause on monetary tightening.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wakeup CallIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundCorzine ....

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BBCNEWS Asia Business Report June 4, 2024 00:37:00

Businesses. in the country the shortages have eased, the fuel fueds have disappeared and ban on non essential impulse like that of machines, auto parts, even electronics, have all been lifted, giving the pause to the important economy of sri lanka. but my conversations with people here reveal that underneath this sense of normalcy, there lies an undercurrent of instability and worry. prices of everyday goods has continued to sore. this, coupled with lower incomes and higher taxes, has caused living standards to drop. for small businesses, higher import costs are eating into profits. last year, this man was on the verge of closing down his restaurant a year later he is still struggling. most skilled labour has left the country. ....

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