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Jaguar Freight | The Weekly Roar – Top Shipping News

In this week’s Roar: chances increase for a rail strike in Canada, U.S. freight trends, the 2023 State of Logistics Report, diesel prices on the way up, and details from a new Gartner report. The potential for a rail strike in Canada has increased. Final submissions to the Canada Industrial Relations Board (CIRB) from rail companies and the union — Teamsters Canada Rail Conference — reveal that neither believe a strike would disrupt essential services or cause any serious safety issues. However,...

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Vulcan View: The latest EU developments 17 June – 21 June

G7 Leaders reach agreement on Ukraine, Middle East and AI The 50th G7 Summit was held in Borgo Egnazia (Fasano) Apulia, it’s on 13-15 June 2024. Those in attendance included the Leaders of the seven member States, as well as the President of the European Council and the President of the European Commission representing the European Union. Sharing a belief in democratic principles, universal human rights, social progress, respect for multilateralism and the rule of law, they met to reaffirm their unity and determination...

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ECB | International use of the euro remained broadly stable in 2023

Euro’s share across various indicators of international currency use remained above 19% Vigilance needed against any cracks that may appear in the international monetary system Deeper European economic and financial integration, together with enhancements in cross-border payment systems between the euro and other currencies pivotal to the international role of the euro The international role of the euro remained broadly stable in 2023. The share of the euro across various indicators of international currency use remained above 19%, close...

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European Council | High Seas Treaty: Council gives green light for its conclusion

Today the Council formally adopted a decision on the conclusion, on behalf of the Union, of the Agreement, under the United Nations Convention on the Law of the Sea, on the conservation and sustainable use of marine biological diversity of areas beyond national jurisdiction (BBNJ agreement), also known as the High Seas Treaty. The agreement aims at the protection of the world’s ocean and its stewardship on behalf of present and future generations in areas beyond national jurisdiction. Those areas account for around two-thirds of...

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Jaguar Freight | The Weekly Roar – Top Shipping News

In this week’s Roar: bad news for U.S. port negotiations and Canadian rail workers, global air cargo flies high, U.S. port performance is strong, and the Port of Long Beach is investing in sustainability. The International Longshoremen’s Association (ILA), the union representing dockworkers on the East Coast and Gulf Coast ports, suspended talks with the United States Maritime Alliance (USMX) over a new labor contract. This comes after they discovered APM Terminals, a subsidiary of Maersk, was using automated technology at terminals—without...

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Wilson Sonsini | The Entrepreneurs Report – Private Company Financing Trends: Q1 2024

Key Features and Developments in This Report Celebrating Asian American and Pacific Islander Heritage Month In a compelling interview, Wilson Sonsini partner Salil Gandhi talks with Notable’s Robin Li. They delve into the influence of Li's identity and personal experiences on her career trajectory and explore the changing landscape of Asian American & Pacific Islander representation in the tech and venture capital sectors.   Valuations Show Mixed Signs of Recovery Early 2024 saw mixed signals in early-stage valuations, following notable highs in the previous...

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Jaguar Freight | The Weekly Roar – Top Shipping News

In this week’s Roar: Container shortages in China, a soft U.S. truck market, the new tribunal for the Law of the Sea, the EU is embracing nearshoring, and key logistics trends for 2024. Strong market demand and reduced vessel capacity due to the Red Sea crisis are resulting in container shortages at many Chinese ports. Forwarders are reporting an ongoing scramble for containers, with many carriers facing delays and equipment shortages. Waiting times at ports have gone up to 3...

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ECB | Tracking euro area wages in exceptional times

Blog post by Sarah Holton and Gerrit Koester | The ECB wage tracker – an important tool used to assess wage developments across the euro area – is signalling that overall wage pressures have moderated since 2023. At the same time wage growth is expected to remain elevated in 2024, and to show a bumpy profile. These developments reflect the staggered nature of the wage adjustment process as workers continue to recoup real wage losses from past price shocks,...

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Biden-Harris Administration Announces Preliminary Terms with Absolics to Support Development of Glass Substrate Technology for Semiconductor Advanced Packaging

Proposed CHIPS Investment Would Support Construction of New Manufacturing Facility and Over 1,200 Jobs in Covington, Georgia Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Absolics, an affiliate of the Korea-based SKC, have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $75 million in direct funding under the CHIPS and Science Act to help advance U.S. technology leadership. The proposed CHIPS investment would support the construction of a 120,000 square-foot facility in...

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Wilson Sonsini | SEC, California, and CSRD Climate Disclosure Requirements Comparison Tool

Following an order by the U.S. Securities and Exchange Commission (SEC) implementing a stay of its final climate disclosure rules pending review of legal challenges to such rules in the U.S. Court of Appeals for the Eighth Circuit, many companies are reassessing their climate disclosure timelines and the underlying processes and systems that will be required to comply with the mandatory sustainability reporting frameworks applicable to them, particularly if litigation related to the SEC’s climate disclosure rules extends over...

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