1987. Markets haven’t bled like this in more than 30 years. It’s all the more astonishing that it’s been caused by a nasty bug.
Yet the unfolding financial crisis is itself so unsurprising that it’s more perplexing that the response …

Transatlantic air freight rates are expected to soar, possibly overnight, following the US travel ban on mainland Europe, excluding – for now – the UK and Ireland.
Up to 80% of air freight capacity on the transatlantic could be cut …

All bets are off on transport costs as China’s output moves back towards pre-virus outbreak levels.
Amid mounting signs of supply chain disruption and a swathe of cost increases, deadlines for annual contract talks are receding into the future, leaving …

MSC is deploying the world’s biggest ships to evacuate empty containers from China to the US, as carriers on the transpacific try to overcome imbalances after weeks of coronavirus disruption to their box control systems.
There have been reports of …

Cathay Pacific is expecting a “substantial loss” in the first half of the year, due to the coronavirus pandemic.
Reporting its 2019 financial results yesterday, the carrier said it had faced “an incredibly challenging environment” because of the intensification of …

Bangladesh’s top decision-making body, ECNEC, led by Prime Minister Sheikh Hasina, on Tuesday approved construction of country’s first deepsea port, in Matarbari, near Cox’s Bazar.
The port, with 16-metres of water depth, will be able to accommodate 8,000 teu vessels, …

MCKINSEY writes:
The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It is also having a growing impact on the global economy. This article is intended to provide business leaders with a perspective …