The Italian Republic is in the center of the Mediterranean Sea, in southern Europe, which makes it a strategic country for international trade. Based on data from Expansion (2021), Italy is one of the 10 most important economies in the world, reaching a Gross Domestic Product (GDP) of 1.6 trillion euros in 2020. In addition,...
Most part of transportation system in Central China’s Henan Province has seen the resumption of normal services as of Thursday, after heavy downpours and floods drenched the province on July 20, said Ministry of Transportation (MOT) on Thursday. By 7 am on Thursday morning, a total of 66 sections of expressways, national and provincial highways...
Disrupted freight between Zhengzhou, the capital city of Central China’s Henan Province, and Europe is gradually resuming, following unprecedented flooding and a week-long stretch of emergency controls. According to a post from the Zhengzhou government on Sunday, the Zhengzhou section of the China-Europe freight train has officially resumed operation on Sunday, after rail freight operations...
Typhoon In-Fa, the powerful storm battering regions around Shanghai, has forced some of the world’s biggest shipping ports to halt operations until at least Tuesday. All of Shanghai’s ports and some in neighboring regions remain shut after closing over the weekend due to the extreme weather, according to people familiar with the situation. The idled...
BEIJING, July 22 (Reuters) – The floods drenching central China and submerging swathes of a major economic and transport hub are threatening supply chains for goods ranging from cars and electronics to pigs, peanuts and coal. Power had been partly restored and some trains and flights were running on Thursday but analysts said disruption could...
China isn’t getting carried away with the buoyant trade growth of recent months, with officials warning of a possible slowdown in trade growth in the second half, while vowing to address problems like rising raw material prices and congested maritime logistics, which are eroding trading companies’ profits. These top-level efforts to curb potential risks as...
Nike is at risk of running out of sneakers made in Vietnam as the Covid crisis worsens around the global, according to a new report from S&P Global Market Intelligence. The warning comes after two of Nike’s suppliers in Vietnam, Chang Shin Vietnam Co. and Pou Chen Corp., recently halted production due to a rapidly growing Covid outbreak in...
Italy’s exporters have recovered to pre-pandemic levels, according to two reports jointly released on Friday by the country’s National Institute of Statistics (ISTAT) and the Italian Trade Agency (ICE). According to the 35th edition of the “Italy in the International Economy” report and the “Yearbook of Foreign Trade and International Business Activities,” the recovery of...
VALLETTA, July 15 (Xinhua) — Fueled by vaccination campaigns, the European economy started to rebound in the second quarter of this year, and is expected to recover faster than expected for the whole year. Nevertheless, economists remain concerned over the possible emergence of vaccine-resistant strains of COVID-19, as a recovery depends largely on Europe’s ability...
Goods bound for destinations along the Belt and Road Initiative from Ningbo-Zhoushan Port in east China’s Zhejiang Province set a record high in the first half of 2021, according to statistics from Zhejiang Port and Navigation Management Center. As a pivot for the BRI, the number of container routes from the port reached 272 by...