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☆ South Korea's export growth slows as external demand moderates
▼ + stars: | 2024-10-01 | by ( ) www.cnbc.com time to read: 1 min

South Korea's export growth slowed in September, with shipments to the United States barely increasing, in an outcome that may support market expectations for an easing of monetary policy as early as next week. South Korea's export growth slowed in September, with shipments to the United States barely increasing, in an outcome that may support market expectations for an easing of monetary policy as early as next week. Exports increased 7.5% in September from a year ago, decelerating from an 11.2% rise in the previous month, the customs service agency reported on Tuesday. The result, which beat the 6.5% consensus estimate from analysts, was driven by slower shipments growth of 3.4% to the United States in September after increasing 11% in August.

Locations: United States

Former Trump administration officials argue that more foreign students are involved in the campus protests and accuse the Biden administration and universities of withholding such information. He contended that it would be unconstitutional for authorities to try to deport them based solely on their expressing support for Hamas at protests. About 40,000 Palestinians have died in Gaza since Hamas’ terrorist attack on Oct. 7, according to local health officials. Kena Betancur / AFP - Getty Images fileBiden’s approachBiden administration officials told NBC News that Trump’s threats don’t match the realities of the country’s overburdened immigration system. It argued that the Education Department is purposely protecting “pro-Hamas foreign extremists on American college campuses” and failing to provide records on foreign students, or pro-Hamas activities, at schools.

Persons: Donald Trump, Biden, Trump, Ben Wizner, ” Wizner, ” Reed Rubinstein, Stephen Miller, aren’t, “, ”, Rubinstein, ‘, you’re, Seth, ” Trump, Benjamin Netanyahu’s, Kena Betancur, Jon Feere, isn’t, Feere, Kenneth Marcus, George W, Bush, Marcus, Louis D, ” Marcus, Vanessa Harmoush, Nerdeen Kiswani, hasn’t, Kiswani, ” Kiswani, Stephanie Keith, Daniel Richman, Richman, Edward Ahmed Mitchell, that’s, ” Mitchell, it’s Organizations: GOP, Republican National Convention, Democratic National Convention, NBC News, Trump, Israel, Harvard, Emory, University of Pennsylvania, Hamas, American Civil, Technology, America, Justice, “, Fountain, Washington , D.C, Seth Herald, Republicans, Congress, NBC, D.C, Israeli, Brooklyn Museum, Times, U.S, Popular Front, Liberation, Palestine, Columbia University, Getty, Biden, United States, State Department, Immigration, Customs Services, ICE, Center of Immigration Studies, Education Department, Justice Department, Department’s, Civil Rights, Brandeis Center for Human, Department of Education, IDF, Israel Defense Forces, Columbia Law, Islamic, CAIR wouldn’t, CAIR, don’t Locations: Israel, U.S, Chicago, Gaza, Columbia, Columbus, Washington ,, New Jersey, Palestinian, Washington, New York City, Brooklyn, Vandals, New York, Germany, AFP, United States, Palestine

☆ The West can't completely isolate Russian banks because it would be disastrous beyond Russia
▼ + stars: | 2024-05-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

There's one major thing the West could, but won't, do: kill all Russian banks' access to the Society for Worldwide Interbank Financial Telecommunications, or SWIFT. 'Russia's economy is in deep, deep trouble'Despite the West's frustration with how Russia's economy still appears to be holding up, the sanctions appear to be finally working. "In five years, you're going see a really disastrous slowdown in the Russian economy," said Portes, who called for stronger sanctions enforcement. AdvertisementIn April 2022, Russia's central bank governor Elvira Nabiullina warned Russia's reserves can't last forever. "A significant problem is that they are running out of foreign exchange reserves, and you can't create foreign reserves," Portes added.

Persons: —, hasn't, SWIFT, Alex Capri, Richard Portes, Portes, Alexander Kolyandr, Elvira Nabiullina, Russia's Organizations: Service, West, Society, Worldwide Interbank Financial Telecommunications, Business, SWIFT, European Union, National University of Singapore, US Customs Service, London Business School, Carnegie Endowment, International Peace, Central Bank of Locations: Russia, Ukraine, Moscow, Russian, SWIFT, Capri, Asia Pacific, Europe, India, China, Central Bank of Russia, Russia's

☆ How the Cartels Launder Their Drug Money, According to a Former Agent
▼ + stars: | 2024-03-28 | by ( Kyle Desiderio | Ju Shardlow | ) www.businessinsider.com time to read: +2 min

Robert Mazur tells the full story of his time as a government agent investigating drug-money laundering. Mazur went undercover for the US Drug Enforcement Administration, the Internal Revenue Service intelligence division, and the Customs Service. In Operation C-Chase, Mazur successfully infiltrated the Medellín cartel by posing as a wealthy, mob-connected businessman named Robert Musella. At its peak, the Cali cartel is estimated to have produced 80% of the world's cocaine supply. It was controlled by Gilberto Rodríguez Orejuela, Miguel Rodríguez Orejuela, Pacho Herrera, and José Santacruz Londoño.

Persons: Robert Mazur, Mazur, Robert Musella, Pablo Escobar's, Gonzalo Mora, Roberto Alcaino, Robert Baldasare, Gilberto Rodríguez Orejuela, Miguel Rodríguez Orejuela, Pacho Herrera, Londoño, Bryan Cranston, John Leguizamo, Diane Kruger, B095BKWD8L Read Organizations: US Drug Enforcement Administration, Internal Revenue Service, Customs Service, New York Times, KYC Locations: Italian American, Cali

☆ An Arms Smugger, a Daring Heist, and the Birth of Israel
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. "It went against the grain to buck the same government we had fought to preserve only a few years before," Hank Greenspun recalled. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

Persons: Danny Schwimmer, They'd, Rina, Al —, David Ben, Gurion, Al Schwimmer, Schwimmer, Bugsy Siegel's, Meyer Lansky, Frank Sinatra, Sinatra, —, Boaz Dvir, Israel —, Danny, Al, I've, Hank Greenspun, Greenspun, Brian, Adolph, Dick Tracy, " Schwimmer, Wing Walker, America, Yehuda Arazi, Arazi, they'd, Schwimmer's, Sam Lewis, Leo Gardner, Milton, Milt, Rubenfeld, Paul Reubens, Herman, Reubens, Bugsy Siegel, Siegel, — Schwimmer, Nathan Liff, Liff, PhotoQuest, Bernarr McFadden, Pat, Ptacek, Rafael Trujillo, Teddy Kollek, Erwin Johnson, Bill Gerson, Gerson, Bud King, Gerson's, Ben, Joel Kimmel, Lewis, Lansky, hadn't, Tommy, Messerschmitts, David, Milt Rubenfeld, Israel, Charlie Winters, Winters, weren't, aren't, America's, Joseph McCarthy, John F, Kennedy, Brian Greenspun, Golda Meir, Bill Clinton Organizations: Israeli Air Force, TWA, Haganah, United Nations, Lockheed Air, Los Angeles Examiner, USC, Getty, US Naval, Schwimmer Aviation, FBI, UN, Customs Service, Palestine . Volunteers, Embassy, Israel, Service Airways, State Department, BI, Pepsi, Zionist, Nazi, Star, American, Avia, Messerschmitt, Pennsylvania State University who's, Las, Sun, Israel Aerospace Industries, IAI, they're, Israeli Locations: Tel Aviv, Israel, Connecticut, Palestine, New York, Copacabana, United States, Hungary, Auschwitz, storages, Arizona, Bridgeport, Rome, Burbank , California, Burbank, Las Vegas, Hawaii, Oahu, Santa Claus, California, Washington, Burbank ., Acapulco, Mexico, it's, Mexico City, Central, South America, Dominican Republic, China, America, Mexican, Panama, Panamanian, Corsica, Oklahoma, Detroit, Suriname, Brazil, Senegal, Casablanca, Sicily, Catania, Europe, Czechoslovakia, Czech, Egypt, Cairo, Los Angeles, American, Gaza, Iran

☆ 'America's greatest gift to Israel'
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

As the country's founder and first prime minister, David Ben-Gurion, once declared, "America's greatest gift to Israel was Al Schwimmer." Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

☆ Nigeria customs confirms deaths in stampede for discounted rice
▼ + stars: | 2024-02-27 | by ( Nimi Princewill | ) edition.cnn.com time to read: +3 min

Abuja, Nigeria CNN —The Nigeria Customs Service has paused the sale of seized bags of rice to needy residents amid growing hunger in the country, after confirming people were trampled to death during a deadly crowd surge at its Lagos office Friday. “The crowd became desperate and charged through our barricades in search of rice bags inside emptied containers. Nigeria is battling one of its worst cost-of-living crises that has seen inflation rise to nearly 30% - the highest in 30 years. ‘End hunger’ protestsFresh protests broke out on Tuesday as labor unions mobilized for nationwide demonstrations to rail against the economic hardships. The government also endorsed a 2012 recommendation from a presidential committee that recommended cuts to government staffing levels.

Persons: Abdullahi Maiwada, regrettably, ” Maiwada, EndHungerProtest, Bola Tinubu, Tinubu Organizations: Nigeria CNN —, Nigeria Customs Service, World Bank Locations: Abuja, Nigeria, Lagos, Africa’s, West, India

☆ Nigeria customs investigate deadly crowd crush during sale of seized bags of rice to stave off hunger
▼ + stars: | 2024-02-24 | by ( Nimi Princewill | ) edition.cnn.com time to read: +4 min

CNN —The Nigeria Customs Service says it is investigating reports people were trampled to death during a sale of bags of confiscated rice amid growing anger over skyrocketing prices of food in Africa’s most populous country. Long queues have formed outside the Lagos customs office since the commencement of the sale as thousands of locals struggle to grab a bag of the 25-kilogram rice selling at a discounted price of 10,000 naira ($6.80). The customs service said the distribution of the seized bags of rice was part of the government’s plan “to tackle the pressing issue of food insecurity.”The cost of rice, a staple food in Nigeria, has surged in recent months. The customs service says it has been confiscating contraband rice from smugglers following restrictions on foreign rice imports by the Nigerian government. Analysts welcomed the rice distribution initiative but questioned its viability in tackling Nigeria’s worsening food insecurity.

Persons: Abdullahi Maiwada, “, ”, couldn’t, Sam Amadi, Bola Tinubu, Tinubu, Babajide Sanwo, Olu Organizations: CNN, Nigeria Customs Service, World Bank, Analysts Locations: Africa’s, Lagos, West, India, Nigeria, Nigerian

☆ North Korean special economic zone poised for revival in new Russia trade
▼ + stars: | 2023-11-29 | by ( Ju-Min Park | ) www.reuters.com time to read: +6 min

China accounted for 97% of North Korea's overall trade in 2022, according to South Korea's Korea Trade Investment Promotion Agency (KOTRA). But Russia resumed oil exports to North Korea in December 2022 and had exported 67,300 barrels of refined petroleum to North Korea by April, United Nations data shows, the first such shipments reported since 2020. "Assuming North Korea and Russia's honeymoon period becomes a long one, North Korea could get Russian support on food, energy and infrastructure through Rason," Cho said. Those ships are suspected of military supplies from North Korea to Russia, the reports said. From Rason's port, North Korea has sent Russia an estimated 2,000 containers suspected of carrying artillery shells, and possibly short-range missiles, South Korean military officials have told reporters.

Persons: Rason, Jeong Eunlee, Jeong, Lee Chan, Cho Sung, Cho, Alexander Kozlov, Chung Songhak, Chung, Kim Jong Un, Kozlov, Kim Il Sung, Abraham Choi, Choi, Rason . Lee, Lee, Josh Smith, Gleb Stolyarov, Gerry Doyle Organizations: North, South, Korea Institute for National Unification, Russian Federal Customs Service, South Korea's Korea Trade Investment Promotion Agency, United, Teikyo University, North Korean, Korean, Kremlin, Korea Institute for Security, South Korea's National Institute for Unification Education, Thomson Locations: SEOUL, Korean, Russia, Ukraine, China, North Korea, Rason, Korea, South Korea’s, Russian, South Korea's Korea, United Nations, Tokyo, South Korean, Pyongyang, Rason's, Soviet, North, South

☆ The nonstop sparring match between Justice Samuel Alito and Solicitor General Elizabeth Prelogar
▼ + stars: | 2023-11-06 | by ( Joan Biskupic | ) edition.cnn.com time to read: +16 min

CNN —Justice Samuel Alito is the tip of the spear for conservatives challenging the Biden administration during oral arguments at the Supreme Court. Solicitor General Elizabeth Prelogar is the Biden administration’s top lawyer at the court, defending the policies that are the source of much of Alito’s consternation. “I think our best example historically is the Customs Service,” Prelogar responded. The Biden administration was backing admissions practices that considered students’ race as a factor in admissions to achieve campus diversity. “No, Justice Alito,” Prelogar said.

Persons: Samuel Alito, Biden, He’s, Elizabeth Prelogar, Alito, Prelogar, Ronald Reagan, George H.W, Bush, George W, Sandra Day O’Connor, ” Prelogar, Ruth Bader Ginsburg, Elena Kagan, Robert Mueller, Joe Biden, –, ” Alito, “, ”, John Roberts, Roberts, I’m, It’s, ” Alito interjected, ’ Jeffrey Wall, Trump, …, Wall, We’re, Justice Alito, Juliet, Friar Laurence, Brett Kavanaugh, Ketanji Brown Jackson, Friar, Taylor Swift, Friar Lawrence, “ I’m Organizations: CNN, Supreme, Princeton, Yale Law School, Department of Justice, Emory University, Harvard Law School, Miss, ahs, Senate, Republicans, Democrats, Consumer Financial, Federal Reserve System, Customs Service, Biden, FDA, OSHA, Occupational Safety, Health Administration, Harvard, University of North, America, United States, Fair, Shakespeare Theatre Company, Verona Locations: Trenton , New Jersey, New Jersey, Boise , Idaho, Miss Idaho, University of North Carolina, America, ”, Verona, Washington

☆ Ireland recovers largest ever drugs seizure worth over $165M
▼ + stars: | 2023-09-27 | by ( Amy Croffey | ) edition.cnn.com time to read: +3 min

CNN —The biggest-ever drug seizure in the history of Ireland was intercepted off the coast of Cork in the southeast of the country on Tuesday, Irish police said. “It is the largest drug seizure in the history of the State,” Justin Kelly, Assistant Commissioner of An Garda Síochána, Ireland’s police force, said at the same conference. Three men, aged 31, 50 and 60, have been arrested on suspicion of organized crime and are currently being questioned at Garda stations in County Wexford, according to a Garda press release. Officers said the drugs originated from South America and were bound for crime groups in Ireland, the United Kingdom, and Europe. Assistant Commissioner Justin Kelly said the drug seizure was the largest in Ireland's history.

Persons: Matthew ”, Gerry Harrahill, ” Justin Kelly, ” Kelly, Justin Kelly, Garda Síochána, ” Tony Geraghty Organizations: CNN, Revenue, Dublin, State, Garda, Irish Air Corps, Irish Revenue Customs Service, Irish Defence Forces, Irish Naval Service, Maritime Analysis, Narcotics, European Union Locations: Ireland, Cork, South America, County Wexford, United Kingdom, Europe, Dublin, Lisbon, France, Italy, Spain, Netherlands, Portugal

Three producers listed in the customs data confirmed to Reuters they had shipped coal from the two regions to Turkey during that period. Reuters was unable to find any information in customs data about deliveries of coal produced in the DNR to Turkey or other countries in 2022. Customs data shows Nedra-06 made two shipments of coal to Turkey totalling 1,600 tonnes in May and June. The buyers were Belize-based Brig Management LTD and Green Rabbit LTD of Hong Kong, the customs data showed. Coal bought at Russian ports by Brig Management LTD and Green Rabbit LTD was taken to Turkey, the data showed.

Persons: Vitaliy Khotsenko, Adzhmal, Vostokugol, Anton Nadeyev, Nadeyev, I'm, Denis Karashchuk, Karashchuk, Filipp Lebedev, Gleb Stolyarov, Humeyra Pamuk, Tom Balmforth, Julia Payne, Jose Sanchez, Mike Collett, White, Daniel Flynn Organizations: NATO, Reuters, European, British Virgin Islands, Donetsk People's Republic, Russia's Ministry of Energy, Federal Customs Service, Luhansk People's Republics, European Union, United, Ukraine, U.S . State Department, UN, Assembly, Florance, Management, Hong, Brig Management, Rabbit, Belize Companies, Corporate Affairs, Green Rabbit, Coal, Toksabay, Thomson Locations: Ukraine, Turkey Ankara, Russia, Turkey, Donetsk, Luhansk, United States, European Union, Moscow . Washington, Moscow, Ankara, Ukrainian, Hong Kong, UAE, Belize, British Virgin, East, Africa, Russian, Rostov, Novorossiisk, Turkey . U.S, Antratsyt, Yasynuvata, Tbilisi, Washington, Kyiv, Brussels

Three producers listed in the customs data confirmed to Reuters they had shipped coal from the two regions to Turkey during that period. Turkey, a major coal consumer and importer, is bucking the global trend by increasing coal's share in electricity generation. Customs data shows Nedra-06 made two shipments of coal to Turkey totalling 1,600 tonnes in May and June. The buyers were Belize-based Brig Management LTD and Green Rabbit LTD of Hong Kong, the customs data showed. Coal bought at Russian ports by Brig Management LTD and Green Rabbit LTD was taken to Turkey, the data showed.

A new Indonesian private island, named ONE°15 Marina Nirup Island, opened in July nine miles south of Singapore. The hotel will have 94 rooms and 52 villas, according to the representative. Rendering of a hotel lobby and lounge on Nirup Island, Indonesia, set to open in late 2024. Fifty villas will be for sale, while an additional 30 will be managed by the island's Westin hotel, according to the representative. Arthur Tay, CEO of SUTL Enterprise, said the opening of the marina will ease demand for yachting berths in Singapore.

Persons: Sinar, Arthur Tay Organizations: Westin Hotels, Resorts, PT, SUTL, CNBC Travel Locations: Singapore, Indonesian, Nirup, Indonesia, Southeast Asia, Philippines, Riau

☆ Russia's economic isolation from the West is deepening its China dependency – car imports from the Asian nation shot up 540%
▼ + stars: | 2023-07-28 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Russian imports of Chinese cars rocketed 543% in the first half, local media reported. Russia now gets 70% of its imported cars from China, compared with just 10% prior to the Ukraine war. That highlights Russia's growing economic dependency on China – thanks to Moscow's deepening from the West. Before the Ukraine war, Chinese cars made up just 10% of Russia's car imports, according to the report. Xi has not publicly condemned Russia's war on Ukraine and continues to ramp up trading ties with Moscow.

Persons: Putin, Cui Dongshu, Vladimir Putin, Xi Organizations: Service, Motors, Ford, Mercedes, Benz, RBC, Federal Customs Service, European Union, –, China Passenger Car Association, Global Times, UN Security Council Locations: Russia, China, Ukraine, Wall, Silicon, – Russia, Western, Moscow

☆ Nigeria's Tinubu removes security chiefs in major reshuffle
▼ + stars: | 2023-06-19 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

ABUJA, June 19 (Reuters) - Nigeria's President Bola Tinubu made sweeping changes to the defence forces on Monday, forcing out the security chiefs and the head of police less than a month after taking office. Tinubu, who was sworn in on May 29, has made security one of his major priorities and promised reforms to the sector, including recruitment of more soldiers and police officers, while paying and equipping them better. It is not unusual for a new Nigerian president to send security chiefs into early retirement upon taking office, as Tinubu did on Monday. He picked Nuhu Ribadu, a former senior police officer and ex-head of the country's economic and financial crimes agency, as his National Security Adviser. Reporting by Felix Onuah, additional reporting by Camillus Eboh; Writing by MacDonald Dzirutwe; Editing by Alison Williams and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Bola Tinubu, Tinubu, Nuhu, Christopher Musa, Lucky Irabor, Musa, Felix Onuah, Camillus Eboh, MacDonald Dzirutwe, Alison Williams, Marguerita Choy Organizations: National Security, Defence Staff, Reuters, Nigerian Army, Nigeria Customs Service, Thomson Locations: ABUJA

The Chinese customs service did not provide detailed information on imports. It said that "company trade data are not disclosed in our public information". China imported copper and copper alloys worth $852 million from Russia between October and February, according to public customs statistics. As of early 2023, its only owner was the Ukrainian Donetsk regional state administration. The copper alloy shipments from the plant were carried out via the port of Novorossiysk in southern Russia, according to the customs data.

☆ New Zealand recovers $300 mln of cocaine floating at sea
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

[1/5] A view shows bricks of cocaine said to be recovered by New Zealand Police, Customs and NZDF at sea, in New Zealand, in this undated handout image released on February 8, 2023. New Zealand Police/Handout via REUTERSSYDNEY, Feb 8 (Reuters) - New Zealand authorities said on Wednesday they had recovered 3.2 tonnes of cocaine worth more than $300 million, believed to be bound for Australia and found floating at sea. New Zealand Police said it a statement it had collected the drugs from the Pacific Ocean in a joint operation with the New Zealand Customs Service and the New Zealand Defence Force. The seizure has a value of NZ$500 million ($320 million), according to New Zealand Customs Service Acting Controller Bill Perry. ($1 = 1.5815 New Zealand dollars)Reporting by Alasdair Pal in Sydney; Editing by Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.

In a statement that did not name Kolomoiskiy, the SBU published the same photographs, but with the person's face blurred out. If someone is not ready for change, then the state itself will come and help them change," Arakhamia wrote on the Telegram messaging app. The head of the State Bureau of Investigation said the law enforcement action was "only the beginning". The oligarchs took control of swathes of industry during the post-Soviet privatisations of the 1990s and wield influence to this day. Reporting by Olena Harmash; writing by Tom Balmforth; editing by Timothy Heritage and Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

☆ South Korean exports fall 2.7% in Jan 1-20 period
▼ + stars: | 2023-01-21 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Jan 21 (Reuters) - South Korea's exports for the first 20 days of January fell 2.7% from a year earlier, but the pace of drop was slower than that recorded in December, customs data showed on Saturday. In December, South Korean exports fell 9.0% on-year during the first 20 days and declined 9.6% for the full month, as global demand cooled after a wave of aggressive policy tightening to contain inflation. For the first 20 days of January, exports to China fell 24.4%, whereas shipments to the United States rose 18.1%, the Korea Customs Service data showed. Imports over Jan. 1-20 rose by 9.3% on-year, bringing South Korea's trade deficit to $10.26 billion over the period. South Korea's government expects overseas sales in 2023 to fall 4.5%, after a 6.1% gain in 2022, but the trade ministry has vowed to do all it can to achieve growth in exports.

☆ South Korea lifts ban on imported sex dolls
▼ + stars: | 2022-12-27 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

SEOUL, South Korea — South Korea has formally lifted a ban on the import of full-body sex dolls, ending years of debate over how much the government can interfere in private life. The customs service said it will still ban the import of child-like sex dolls or others embodying certain people. It said other countries like the United States, Australia and Britain also ban child-like sex dolls. It said South Korea must reform other regulations that have a negative impact on the economy. Customs officials said they still most likely held more than 1,000 sex dolls that had been sent to South Korea since 2018.

LONDON, Nov 9 (Reuters) - China’s diesel exports accelerated significantly in September after being severely restricted over the previous 13 months, according to data from the customs service. Faster exports will provide some relief amid a global diesel shortage, but are unlikely to be enough to stabilise and rebuild global inventories, or offset any future disruption as a result of sanctions on Russia’s fuel exports. Diesel exports were reduced by a total of 16.3 million tonnes, or 122 million barrels, over 13 months compared with the pre-June 2021 trend. Recently, extra quotas have been awarded, which should help relieve some of the global shortage, provided they are maintained at a higher level. Extra diesel shipments out of China will help, but rebalancing the diesel market still requires slower growth in the global economy and fuel consumption.

☆ S.Korea 20-day exports fall on holiday effects, slow global economy
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA truck carrying a shipping container travels past cranes at Pyeongtaek port in Pyeongtaek, South Korea, July 9, 2020. The country's imports for the same 20-day period rose 6.1%, producing a trade deficit of $4.1 billion, the Korea Customs Service data showed. Average exports per working day during the Sept. 1-20 period rose 1.8% from a year before, it added. Finance Minister Choo Kyung-ho held a meeting of senior government officials to review trade conditions and vowed to focus policy to help exporters. Register now for FREE unlimited access to Reuters.com RegisterReporting by Choonsik Yoo; Editing by Himani Sarkar and Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Hidden Monopoly, Offshore Money and a Clash of Interests in the Giurgiulești Port
▼ + stars: | 2020-03-02 | by ( Nemerenco Daniela | ) www.zdg.md time to read: +29 min

ZdG debunked the hidden monopoly, an offshore company, and business interests, including those of a deputy of Moldova’s Parliament, in the Giurgiulești Passengers and Goods Port, operated by the Ungheni River Port. The State Enterprise Ungheni River Port operates the Giurgiulești Passengers and Goods Port. Any attempts by other economic agents to obtain the status of port agency in the state-controlled port failed. How the state enterprise explains the monopoly in the port We went to the Ungheni company headquarters to discuss with the administration of the Ungheni River Port. A conversation between the tugboat owner and the Ungheni River Port administration The tugboat stations within the state-owned port since June 2018.

Persons: ZdG, ”, Moldova’s, Molincom, Medvedev, Daniil Șevcenco, “, didn’t, Vladimir Medvedev, Gheorghe Țurcanu, Veaceslav Ioniță, Igor Macari, Denis Dobrioglo, Leonid Karagheaur, Sergei Raevski, Țurcanu, Pîrlog, Ruslan Baciu, Iurie, Marcelian Pîrlog, Anatolie Balan, Alexandru Maximov, Condaline, Marcelian, Nicolae Dimitrachi, Translogist Sistem, Baciu, Translogist, Sergiu Gheceanu, ” ZdG, Marina Polasek, Reni, ” Medvedev, Anatolie, ” Vladimir Medvedev, Ion Chicu, Anatol Usatîi, Ludmila Guzun, Anatolie Labuneț, Igor Zaharia, Labuneț, Carolina Lipskaia, Oleg Lipskii’s, Evghenii Labuneț, Veaceslav Macaidenco, ” Labuneț, Zaharia, Mr Medvedev, Chicu, “ Mr Medvedev, slandering, Preluarea, maximă, trebuie, Instituțiile, Materialele, inclusiv Organizations: Goods, National Anticorruption Center, Port, Moldova’s Government, Logistics, State Enterprise, Naval Agency, Customs Service, Mr, Agro Factor, United Arab, UAE, Agro, United, Public Property Agency, ILM Logistic, Port Agency Service, Register, DB Translogist, Translogist, Ministry, Socialist, Security and Intelligence Service, Economy, Infrastructure, Democratic Party, Medvedev, Moldova’s Socialist Party, “, Navigation Company, Marine Engineering, Socialist Party, Anticorruption Center, Naval Agency of, National Anticorruption, Naval, Moldova’s Naval Agency, Jurnalistului din Republica Moldova Locations: Port, “, Dubai, United Arab Emirates, Russian, Zurich, Switzerland, Moldova, United Kingdom, Chișinău, Moldova’s, Consideea, Ciocana, Translogist, Condaline, Ungheni, Canada, PPMG, Naval Agency of Moldova, Jurnalistului din

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