DOE selects four projects for $73 million mining-tech push
DOE selected four projects for negotiations on mining-technology testbeds in six U.S. locations, but final agreements and any production gains remain ahead.
Supply chains
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IMO Reports 79 Middle East Maritime Incidents as Two EL GAIA Seafarers Remain Missing
The IMO says 79 maritime incidents and 22 seafarer deaths are confirmed in the region, while two EL GAIA crew members remain missing.
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EU ban on destroying unsold clothing raises inventory pressure
The EU’s July 19 ban limits how large fashion companies handle unsold clothes, accessories and footwear, with disclosure rules due in 2027.
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Global Food Prices Rise Again as War and Weather Tighten Supply
FAO says global food prices rose for a third straight month in August, while large cereal stocks still mask uneven access and rising trade risks.
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Panama Canal cuts vessel slots again as drought strains waterway
Panama Canal capacity is tightening after below-expected rainfall, with Panamax slots set to fall again September 15 and longer waits possible.
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U.S. factory orders and shipments rose in July, Census says
U.S. factory orders, shipments, unfilled orders and inventories rose in July, but aircraft demand provided a major lift and core capital-goods orders stayed flat.
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Tracked Hormuz commodity traffic nearly stops after ship attacks
Kpler recorded five commodity-vessel transits through Hormuz on September 12 and none on September 13, highlighting fresh risks for global supply chains.
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EU Moves India Trade Agreement Into Formal Approval Process
The European Commission has asked EU governments to authorize an India trade deal, but tariffs will not change until signature and entry into force.
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Canada schedules tariffs on $27.6 billion in U.S. goods
Canada’s matching tariffs on $27.6 billion in U.S. goods are set for Sept. 8, creating new customs, pricing and supply-chain risks for exporters.
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A 96-year-old U.S. tariff law is driving a new dispute with Canada
The Trump administration is using an untested 1930 tariff law against selected Canadian goods as Canada prepares matching duties on U.S. imports.
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EU’s Unsold-Clothing Ban Moves From Policy to Enforcement
The EU now bars large companies from destroying most unsold clothes, accessories and footwear, forcing documented reuse, recovery and compliance systems.
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Canada pledges C$7.5 billion in tariff support as talks stall
Canada paired a C$7.5 billion support package with counter-tariffs scheduled for September 8 as exporters face disrupted supply chains and uncertain demand.
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Somnigroup completes $2.3 billion Leggett & Platt merger
Somnigroup completed its all-stock Leggett & Platt merger, creating a company with more than 36,000 workers and 170-plus factories across 37 countries.
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Strait of Hormuz Crisis Leaves 6,000 Seafarers Stranded, IMO Says
The IMO says up to 400 ships and about 6,000 seafarers remain unable to leave the Persian Gulf safely after at least 70 verified attacks.
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SK hynix Breaks Ground on $4 Billion Indiana AI-Memory Facility
SK hynix broke ground in West Lafayette on a more than $4 billion AI-memory packaging project, but production is not expected until 2029.
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Trump’s threatened 50% Canada auto tariff puts U.S. supply chains in focus
A threatened 50% tariff on Canadian vehicles, parts and steel could raise costs and disrupt U.S. auto supply chains, but no January order is final.
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China warns of response if U.S. adds tariff over overcapacity
China says it will assess possible U.S. trade measures and may respond as Washington weighs a reported 7.5% tariff on Chinese goods.
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OOIL profit falls as Red Sea delays raise shipping costs
Orient Overseas reported lower first-half profit despite higher cargo volumes as Red Sea delays, fuel, EU carbon costs and trade uncertainty pressured shipping.
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Gatik Raises $200 Million After PepsiCo Deal to Expand Driverless Freight
Gatik’s $200 million funding round will support more driverless trucks, infrastructure and hiring as PepsiCo uses the startup on regional freight routes.
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Shein’s Hong Kong IPO puts fast fashion to a public test
Shein’s planned Hong Kong listing values the fast-fashion company far below its peak, testing growth, governance and sustainability under public scrutiny.
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Federal award reshapes Cleveland-Cliffs’ $1 billion Ohio steel upgrade
A revised DOE-backed plan will rebuild Cleveland-Cliffs’ Ohio blast furnace, preserve about 2,300 jobs and maintain automotive-grade steel production.
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EU extends tariff truce with U.S. while keeping retaliation option
The EU is keeping countermeasures against U.S. trade suspended indefinitely, even as new tariff cuts offer companies more certainty and preserve a response option.