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Member News
Member News
05
Aug
The most recent air freight data reveals that global air cargo rates only saw a slight increase of 0.7% in the week ending July 29, despite the global IT outage that happened in mid-July. This is somewhat unexpected, considering air cargo was already under pressure due to increased demand driven by the ongoing issues in the Red Sea and strength in e-commerce.
The capacity through the Panama Canal is increasing, thanks to recent heavy rains. Typically, the canal can handle...
02
Aug
The Crossroads
The mining industry, a cornerstone of the global economy, is at a crucial juncture. Faced with escalating environmental regulations, a growing demand for sustainable practices, and the rising cost of traditional energy sources, mining companies are finding that transitioning to renewable energy is no longer an option—it’s a necessity.
This shift is not just about compliance or public image. It’s about leveraging new opportunities that renewable technologies bring. Innovations in solar, wind, and hydro energy are not only making...
02
Aug
We have previously reported on the government's commitment to its proposals in "Make Work Pay", with a number of measures to be included in a new Employment Bill and Equality (Race and Disability) Bill announced in the King's Speech.
The government is also pressing forward with its proposals around wider workforce issues, including the need to upskill the workforce to meet future challenges with the launch of Skills England and a "blueprint for fundamental reform" to stop "spiralling economic inactivity".
Tackling economic equality;...
31
Jul
The federal government makes the Inflation Reduction Act’s lucrative energy tax credits even more beneficial — if your company is willing to meet the prevailing wage and apprenticeship requirements.
If you meet the requirements, you can receive a five-time base multiplier of the credit or deduction (for example, a 30% credit for energy property rather than a 6% credit). It’s a major benefit and one worth exploring if you’re interested in cashing in on even more credits.
The prevailing wage and apprenticeship...
31
Jul
IE University becomes custodian of a US College based in SoHo with a focus on Business and Sustainability.
IE University has replaced Glasgow Caledonian University as the sole member of Glasgow Caledonian New York College (GCNYC). This US College based in SoHo will be renamed IE New York College (IENYC) upon accreditation approval for the name change. With this replacement IE University becomes custodian of a state-of-the-art College with a focus on Business and Sustainability. The College has been provisionally...
31
Jul
Written By Jessica Horwitz, Alison FitzGerald and Andrei Mesesan | On July 20, 2024, an Order Amending Canada’s Export Control List (ECL) (SOR/2024-112, or the Order) came into effect. This amendment adds five new controls under Item 5506 of the ECL, extending Canada's export regulation of certain advanced semiconductors and quantum computing technology.
These changes are unilateral strategic export controls implemented by Canada, but they are aligned with similar controls in force or in development by international allies such as...
30
Jul
Headlines for Q3 2024
Elevated ocean rates, Labor issues looming in N. America, and Cybersecurity
Global Ports
The Headlines: Port congestion in Asia, particularly in Singapore, has intensified, causing delays of up to seven days and affecting over 450,000 TEU of vessel capacity. In response, shipping rates have risen from Asia, with spot rates from North Asia to the U.S. West Coast reaching the highest they’ve been since late 2022. Singapore is attempting to expand its handling capacity; however, delays are...
30
Jul
Sales of CHF 5,834.8 million (+9.2% in CHF) in first half of the year
Sales increase by 12.8% in local currencies, negative foreign currency impact of -3.6%
Material margin expands to 55.1% (first half of 2023: 52.7%)
EBITDA margin jumps to 18.7% (first half of 2023: 16.5%)
Operating profit before depreciation and amortization (EBITDA) of CHF 1,092.9 million (previous year: CHF 881.1 million)
Successful integration of MBCC with raised synergy guidance for the year (CHF 100 – 120...
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