U.S. President Barack Obama on Thursday stressed the importance for the nation to invest on new-generation of high-speed wireless and rail, his latest move to promote U.S. global competitiveness put forth in his State of the Union address last month. "In a world that's more connected and more competitive, other nations look at this as their moment, their...
Peugeot, part of the second largest European automaker, announced Wednesday it would enter the Indian market with both commercial and industrial operations. "The brand will produce, as a first step, a mid-sized sedan car. The future production site's location is currently under evaluation," Peugeot said in a statement. Peugeot, a major French car brand, ...
Container volume handled at South Korea's seaports reached a record monthly high in January, fueled by improving economic and business conditions, the Ministry of Land, Transport and Maritime Affairs in Seoul said Wednesday. Container traffic posted a 12.7 percent increase to 1.66 million TEUs, or 20-foot equivalent units, in January compared with the sa...
The European Commission said Wednesday it has launched a probe into a Polish plan to grant aid to a project by the Italian car maker Fiat Group. The European Union's competition guardian said it had doubts the aid meets EU guidelines on aid to large investment projects in relation to the market shares and production capacities of the Fiat Group. "The c...
The British government on Wednesday launched a trade white paper that outlines its plans to develop business with other countries and to support British companies as they seek to export. The paper contained three key points that emphasize support for small and medium-sized enterprises in expanding their business and increasing their export activities. T...
Tax authorities collected 1.05 trillion yuan of value-added and consumption taxes for imported goods in 2010, up 31.1 percent year-on-year, the Ministry of Finance said on its website. Import tariff revenues jumped 52.8 percent year-on-year to 202.75 billion yuan. China's trade surplus decreased by 6.4 percent in 2010 compared with 2009, thanks in part t...
An advocacy group for energy security is calling for a national transportation policy that emphasizes market-based incentives to reduce energy consumption. The Energy Security Leadership Council on Wednesday called for a surface transportation bill that emphasizes reduction in petroleum consumption as a principal measurement. The group, co-chaired by Fe...
U.S. stocks ended higher on Tuesday, with the Dow Jones industrial average seeing gains for the seventh day in a row, as investors shrugged off the interest rate hike in China and were encouraged by positive earnings. The Dow rose 71.52 points, or 0.59 percent, to 12,233.15, making its longest series of gains since July. McDonald's Corp. was the bigges...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi