U.S. air strikes set back Iran’s nuclear programme by up to two years, Pentagon says
The Pentagon says U.S. strikes on Iranian nuclear sites have degraded Tehran’s programme by as much as two years, following attacks last month that ...
A Chinese container ship has completed its first non-stop voyage to Germany marking the launch of a "China-Europe express" shipping route.
Unlike traditional shipping routes, this new route will provide “point-to-point" transportation service without intermediate stops and reduce delivery time from 45 days to 26 days.
The "KAWA Ningbo" cargo ship, carrying over 1700 containers of new-energy and other high-value goods, will operate between Zhoushan Port in East China's Zhejiang Province and the Jade Weser Port in Wilhelmshaven, Germany's only deep-water port.
The new service will operate on a monthly schedule and provide export operations for industries in the Yangtze River Delta region, with focus on the "new three items" - electric vehicles, lithium-ion batteries, and photovoltaic products, - said in press-release of the Ningbo Zhoushan Port Group Co.
"The global interconnectivity is growing, and supply chain reliability is becoming more critical than ever. It's not just about competition, it's about creating real added value, especially where speed is essential," said Frank Doods, State Secretary in the Lower Saxony Ministry of Economics, Transport, Construction, and Digitization, at the ceremony celebrating the route's launch.
In terms of the cost, direct shipping can be generally more expensive than sea freight involving multiple port stops, but it remains more affordable and offers greater capacity compared with air freight and China-Europe freight trains, experts said.
Relying on the "China-Europe Express" and overseas warehouses, goods directly shipped from Ningbo Zhoushan Port can be transhipped through Wilhelmshaven Port as a distribution hub, to northern Europe and the Baltic Sea region by sea, or to northwestern European countries such as Germany, France and Belgium, and major Central and Eastern European countries such as Hungary, Czech Republic and Poland, according to the press release.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A multimodal cargo airport in Azerbaijan’s Alat Free Economic Zone (FEZ) is scheduled for commissioning in Q1 2027, the deputy head of the FEZ governing body Ismail Manafov announced.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Oil prices plunged more than 12% last week, ending a three-week rally, with experts expecting them to stabilize around $60 if the fragile ceasefire between Israel and Iran holds.
The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have signed a memorandum of understanding (MoU) to formalize a strategic partnership focused on advancing sustainable infrastructure in shared priority regions.
Tesla’s new car registrations plunged sharply in June, dropping 64.4% in Sweden and 61.6% in Denmark compared to last year, highlighting growing challenges for the U.S. electric vehicle maker in these Nordic markets.
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