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☆ Hong Kong property stocks jump after city scraps cooling measures
▼ + stars: | 2024-02-28 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

An urban view of high-rise buildings at dusk as seen from Hong Kong's Victoria Peak. Stocks of Hong Kong developers rose after Financial Secretary Paul Chan scrapped property cooling measures in a bid to bolster the sector, which has been weighed down by high borrowing costs and weak economic sentiment. Churchouse added that this could "be a bit of a positive flip" for the wider Hong Kong stock market as it is highly correlated with the residential property market. Hong Kong's stock markets have plunged around 40% from its highs a couple of years ago. Hong Kong's government is also rolling out over 1 billion Hong Kong dollars ($127 million) to support its tourism industry.

Persons: Chan, Paul Chan, Peter Churchouse, Churchouse, Hong Organizations: Hong, Portwood, Kong's Monetary, Hong Kong Locations: Hong, Victoria, Hong Kong

☆ China's oil demand growth could halve from pre-Covid levels as property, auto sectors struggle
▼ + stars: | 2024-02-28 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

A view shows part of the state oil firm Petroleos Mexicanos (Pemex) refinery in Salamanca. The consultancy expects demand growth to be around 250,000 bpd to 350,000 bpd, less than half of what it was in 2019 — demand growth will not return to the million barrels per day seen between 2015 and 2020. China's oil demand growth this year could be half of pre-Covid 2019 levels, according to Eurasia Group, as key segments of the world's second-largest economy struggle from a slowdown. The incremental fuel demand growth in China that the oil industry has come to literally bank on over the past two decades is no more. China will lose its spot to India as the primary driver for global oil demand through 2030, the International Energy Agency said in a report.

Persons: Petroleos, Linda Giesecke Organizations: Eurasia Group, International Energy Agency, JPMorgan, CNBC Locations: Salamanca . State, Guanajuato, Mexico, Eurasia, China, India

☆ Coldplay, then Taylor Swift: Concert economics are driving a tourism boom in Singapore
▼ + stars: | 2024-02-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Coldplay, Ed Sheeran, and now Taylor Swift. Singapore is eyeing concert economics as its new growth driver, which is set to add hundreds of millions of dollars in tourism receipts. Fans bought 200,000 tickets as the shows sold out within hours, breaking the city-state's record for the most tickets sold by an artist in a single day. And starting this weekend, Singapore will host American popstar Taylor Swift, whose Eras Tour in the U.S. last year was estimated to generate around $4.6 billion in consumer spending. "Taylor Swift is also widely expected to generate a sizable economic boost, given her past record," Liu added.

Persons: Coldplay, Ed Sheeran, Taylor Swift, Yun Liu, Agoda, popstar Taylor Swift, Liu Organizations: Singapore's, Coldplay's Music Locations: Singapore, ASEAN, British, Asia, Pacific, Malaysia, Indonesia, U.S

☆ China de-linking talk is overdone and it's still key to the global economy, Asian Development Bank says
▼ + stars: | 2024-02-26 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

China is still a critical trading partner for many countries across the world, and the often-used narrative of the superpower being delinked from the global economy is overdone, says the Manila-headquartered Asian Development Bank. "China's still probably the number one trading partner for the majority of countries in the world," ADB's Chief Economist Albert Park told CNBC. Although there have been parts of overall trade with China that have declined, the country's engagement and importance in the global value chain has not diminished, said Park. However, the economic powerhouse remains a top trading partner to over 120 countries, and is still the largest trading partner to Japan, South Korea, Taiwan and Vietnam, according to U.S. think tank Wilson Center. He added that even following the trade conflict started by former U.S. President Donald Trump in 2018, China's importance in the global value chain has not slumped.

Persons: China's, Albert Park, Donald Trump Organizations: Asian Development Bank, CNBC, Wilson, U.S Locations: China, Manila, Japan, South Korea, Taiwan, Vietnam

☆ Asia-Pacific markets, Korea rate decision, Australia and Japan PMI
▼ + stars: | 2024-02-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets appeared set to trade mixed Thursday, with a slew of economic data from the region on tap, while investors also assess the U.S. Federal Reserve possibly delaying interest rate cuts. In Australia, the S&P/ASX 200 opened marginally higher, up 0.03%, as the nation's Judo Bank composite purchasing managers' index for February showed a return to growth, at 51.8. The monthly index is a leading indicator for business activity in Australia's manufacturing sector. Futures for Hong Kong's Hang Seng index stood at 16,447, pointing to a weaker start compared with the HSI's close of 16,503.1Japan's Nikkei 225 was set to rise as investors awaited the release of Japan's Jibun Bank flash purchasing managers' index. Nikkei futures contract in Chicago was at 38,745 and its counterpart in Osaka was at 38,410 against the index's last close of 38,262.16The Bank of Korea is slated to announce its interest rate decision later, with economists polled by Reuters expecting the bank to hold rates at 3.50%.

Organizations: U.S . Federal, nation's Judo Bank, Futures, Nikkei, Japan's, of, Reuters Locations: Asia, Pacific, Australia, Chicago, Osaka, of Korea

☆ Asia-Pacific markets are set to fall, tracking Wall Street losses; Japan parses souring business sentiment
▼ + stars: | 2024-02-21 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to fall Wednesday, tracking Wall Street losses. Japan's Nikkei 225 is set to fall as investors assess the country's trade data and souring business sentiment among large Japanese manufacturers. The Nikkei futures contract in Chicago was at 38,260 and its counterpart in Osaka was at 38,280 against the index's last close of 38,363.61. Japanese manufacturers' business confidence soured in February, tumbling to -1 compared to the previous month's reading of 6, according to the Reuters Tankan poll. The Reuters monthly poll is considered to be a leading indicator of the Bank of Japan's official survey.

Organizations: Nikkei, Reuters, Bank of Japan's Locations: Asia, Pacific, Australia, Chicago, Osaka, Japan, Germany

☆ European markets head for mixed open, struggle to find positive momentum
▼ + stars: | 2024-02-21 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

HSBC reported on Wednesday its full year 2023 pre-tax profit climbed about 78% to $30.3 billion from a year ago, missing median estimates of $34.06 billion from analysts tracked by LSEG. Its Hong Kong shares reversed gains to dip more than 2%, compared against the 3% gains for the Hang Seng Index. The bank's shares have gained about 0.5% so far this year after jumping 23% in 2023 as the Hang Seng Index shed 14%. It was last trading down 2.55%. —Clement Tan, Lee Ying Shan

Persons: — Clement Tan, Lee Ying Shan Organizations: HSBC, LSEG, Hong Kong

☆ This country is set to see the sharpest spike in wealth growth over the next decade
▼ + stars: | 2024-02-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Vietnam is set to see the sharpest spike in wealth growth over the next decade as it cements its status as a global manufacturing hub, according to a report by global wealth intelligence firm New World Wealth and investment migration advisors Henley & Partners. The Southeast Asian country is forecast to see a 125% increase in wealth over the next 10 years, Andrew Amoils, New World Wealth's analyst, told CNBC. This would be the largest expansion in wealth of any country in terms of GDP per capita and number of millionaires, according to the firm's analysis. "Vietnam is an increasingly popular manufacturing base for multinational tech, automotive, electronics, clothing and textile firms," Amoils said. India, which is set to become the world's third-largest economy by 2027, takes the second spot with an expected 110% growth in wealth, he added.

Persons: Andrew Amoils, Amoils Organizations: Wealth, Henley & Partners, CNBC Locations: Vietnam, Andrew Amoils ,, India, Asia, Pacific

☆ China boosts property funding with first cut in key loan rate since June
▼ + stars: | 2024-02-20 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +2 min

China's lenders cut the country's benchmark five-year loan prime rate for the first time since June, extending Beijing's efforts to revive the country's anemic property market. The Chinese central bank kept its one-year loan prime rate — the peg for most household and corporate loans in China — unchanged at 3.45%. The benchmark five-year loan rate — the peg for most mortgages — was cut by 25 basis points to 3.95%, according to a statement Tuesday from the People's Bank of China. This was also the largest one-time cut in the five-year rate and the first since the five-year rate was last trimmed in June by 10 basis points. China calculates its loan prime rates each month after 20 designated commercial lenders submit their proposed rates to the PBOC.

Persons: Louise Loo, Loo, CNBC's Lee Ying Shan Organizations: People's Bank of China, Oxford Economics, Sunday Locations: China, Beijing

☆ Gold at $3,000 and oil at $100 by 2025? Citi analysts don't rule it out
▼ + stars: | 2024-02-20 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

That could double central bank's gold purchases, challenging jewelry consumption as the largest driver of gold demand, Doshi elaborated. China and Russian central banks are leading gold purchases, with India, Turkey, and Brazil, also increasing bullion buying. The world's central banks have sustained two successive years of more than 1,000 tons of net gold purchases, the World Gold Council reported in January. Another wildcard scenario highlighted in Citi's report was for oil prices to hit triple digits again. Stock Chart Icon Stock chart icon Oil prices in the past one year

Persons: Doshi, Stagflation Organizations: Citi, CNBC, Central, U.S ., Gold, U.S . Federal Reserves, Co, Bloomberg, Getty Locations: Citi's North America, China, Russian, India, Turkey, Brazil, U.S, Bangkok, Thailand, Israel, Yemen, Iraq, OPEC

☆ Singapore outbound flights to cost more from 2026 over green fuel requirements
▼ + stars: | 2024-02-19 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Travellers look at the flight departure schedule on the screen at Singapore Changi airport on December 7, 2022. Flights departing from Singapore will cost more from 2026 as the country pushes ahead with its aviation industry decarbonization goals. The initiative is part of a sustainable air hub blueprint which was unveiled by the Civil Aviation Authority of Singapore (CAAS) on the eve of the Singapore Airshow. To achieve the ambitious 1% target by 2026, travelers flying out of Singapore will have to be prepared to pay higher air fares. In 2021, the International Air Transport Association and member airlines committed to reaching net-zero carbon emissions by 2050.

Persons: Chee Hong Tat, CAAS, Chee Organizations: Changi Airport, Seletar, SAF, Transport, Civil Aviation Authority of Singapore, International Air Transport Association Locations: Singapore Changi, Singapore, Bangkok, Tokyo, London

☆ Asia markets set to track Wall Street gains with S&P 500 hitting a record high overnight
▼ + stars: | 2024-02-16 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were set to rise Friday, tracking Wall Street gains, with the S&P 500 notching a fresh record high. Japan's Nikkei 225 is set to extend gains, a day after the country lost its spot as the fourth-largest economy to Germany and entered into a technical recession. Nikkei futures contract in Chicago were at 38,625 and its counterpart in Osaka at 38,650 against the index's last close of 38,157.94Economic slowdown has raised hopes Japan may stick with its ultra-loose monetary policy for longer. Mainland China markets remain closed for the Chinese New Year holidays. Investors await Singapore 2024 budget, slated to be released later in the day.

Organizations: Nikkei, Investors Locations: Asia, Pacific, Australia, Germany, Chicago, Osaka, Japan, Mainland China, Singapore

☆ Singapore trims 2023 economic growth to 1.1% as manufacturing sector contracts
▼ + stars: | 2024-02-15 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

SINGAPORE — Singapore lowered its full-year growth for 2023, as official data on Thursday showed the economy grew 1.1% last year compared to an earlier estimate of 1.2%. Growth in 2023 was largely driven by "other services industries" which grew by 3.9% year-on-year. Information and communications, as well as transportation and storage sectors also drove growth,"All sectors except for the manufacturing sector recorded full-year expansions," the Ministry of Trade and Industry reported. Last year, the manufacturing sector — a key driver of the economy — contracted by 4.3%, reversing from the 2.7% growth in 2022. The construction sector grew by 5.2%, an improvement from the 4.6% expansion in 2022.

Organizations: Singapore Central Business District, ArtScience Museum, Ministry of Trade, Industry Locations: Sands, Marina Bay, Singapore, SINGAPORE — Singapore

☆ BRICS nations to see highest surge in millionaire count over the next decade — exceed the rise in G7 countries
▼ + stars: | 2024-02-15 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Millionaire count in the BRICS countries — which together hold $45 trillion in investable wealth — is forecast to rise by 85% over the next 10 years, the investment migration consultancy noted in its report published in partnership with global intelligence firm New World Wealth. The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally. "The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally," Andrew Amolis, wealth analyst at New World Wealth told CNBC. The UAE followed in third place with a 77% wealth growth. Other members in the BRICS coalition, such as South Africa and Iran, have seen a decline in their millionaire populations since 2013.

Persons: Michel Temer, Vladimir Putin, Xi Jinping, Jacob Zuma, Narendra Modi, Andrew Amolis, Dominic Volek Organizations: India's, United, Henley & Partners, Wealth, CNBC, Amolis, European Union, Henley, Partners, UAE Locations: South, Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, Saudi Arabia, Canada, France, Japan, Italy, U.S, United Kingdom, Southeast Asia, UAE

☆ Valentine's Day chocolate prices highest in years amid cocoa shortage
▼ + stars: | 2024-02-14 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

But lovers may experience sticker shock this year due to higher cocoa and sugar prices. "Chocolate prices are the highest we've seen in years," said a representative of NielsenIQ. He noted that in spite of higher prices, the chocolate market is robust in mature markets like Europe and North America. Now, chocolate and Valentine's Day are synonymous, even if critics say the affiliation is perpetuated by marketing gimmicks. That being said, chocolates are not the only Valentines' Day treats that will dent the wallet this year.

Persons: Scott Olson, Sergey Chetvertakov, David Branch, there's, Kim, Mintec, It's, Andrew Francis Wallace Organizations: Valentine's, Getty, P, El Nino, Food Institute, Branch, CNBC, Bloomberg, National Confectioners Association, Toronto Star Locations: Chicago , Illinois, Ghana, Ivory Coast, Wells, Asia, India, Africa, Azaguie, Europe, North America, Western Europe, Singapore, Toronto

☆ 'World is grateful': India keeps oil prices cheaper by buying from Russia, Indian oil minister says
▼ + stars: | 2024-02-08 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Hardeep Singh Puri, India's minister of Petroleum and Natural Gas, at the ADIPEC conference in Abu Dhabi, United Arab Emirates, on Tuesday, Oct. 3, 2023. Bloomberg | Bloomberg | Getty ImagesIndia keeps global crude prices affordable by buying oil from Russia, India's energy minister said. "The world is grateful to India for buying Russian oil. Such uncertainty would typically push energy prices higher but gains have been limited amid record output from the U.S., and an ongoing global economic slowdown. "The fact of the matter is half the work is in recession," he said, adding that higher oil prices will invariably end up becoming a "self fulfilling prophecy" where higher prices will curtail demand.

Persons: Hardeep Singh Puri, Singh Puri, CNBC's Sri, India's Organizations: Petroleum, Natural, United, Bloomberg, Getty, Natural Gas, India Energy Locations: Abu Dhabi, United Arab Emirates, Russia, India, CNBC's Sri Jegarajah, Goa, Ukraine, Moscow, U.S

☆ ‘A slow fiscal death’ awaits some countries in this 'decade of debt,' says economist Art Laffer
▼ + stars: | 2024-02-07 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

"I predict that the next 10 years will be the Decade of Debt. It will not end well," Laffer, who is President at investment and wealth advisory Laffer Tengler Investments, told CNBC. As a share of the global gross domestic product, debt has risen to 336%. This compares to an average debt-to-GDP ratio of 110% in 2012 for advanced economies, and 35% for emerging economies. It was 334% in the fourth quarter of 2022, according to the most recent global debt monitor report by the Institute of International Finance.

Persons: it's, Arthur Laffer, Laffer Organizations: Investments, CNBC, Institute of International Finance

☆ Silver set for a 'terrific year' and could outperform gold to hit a 10-year high
▼ + stars: | 2024-02-07 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Global silver demand is forecast to reach 1.2 billion ounces in 2024, which would mark the second-highest level on record, the Silver Institute said in a recent report. "We think silver will have a terrific year, especially in terms of demand," Michael DiRienzo, executive director of the Silver Institute told CNBC. He expects silver prices to reach $30 per ounce, which would be a 10-year high, according to data from LSEG. Silver prices, like gold, tend to have an inverse relationship with interest rates. In contrast, gold prices usually rise during times of economic weakness or uncertainty.

Persons: Nicky Loh, Michael DiRienzo, Randy Smallwood Organizations: Silver Bullion, Bloomberg, Getty, Silver Institute, CNBC, Wheaton, Metals, U.S . Federal Reserve, Wheaton Precious Metals, Vw Locations: Singapore, India, U.S

☆ Gold prices to hit $2,200 and a 'dramatic' outperformance awaits silver in 2024, says UBS
▼ + stars: | 2024-02-05 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Gold and silver are expected to climb further in 2024 on expectations that the U.S. Federal Reserve will start cutting interest rates, UBS forecasts. Also this comes with a weaker dollar" said the investment bank's precious metals strategist Joni Teves, who expects the metal to hit $2,200 per ounce by the end of the year. Gold prices tend to have an inverse relationship with interest rates. As interest rates dip, gold becomes more appealing compared to alternative investments like bonds, which would yield weaker returns in a low interest rate environment.

Persons: Joni Teves Organizations: Aurum, U.S . Federal Reserve, UBS, Federal Reserve, Fed Locations: Munich

☆ Saudi Arabia's economy contracts again, dragged by oil cuts
▼ + stars: | 2024-01-31 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Saudi Arabia's fourth-quarter real GDP fell 3.7% year-on-year, according to flash estimates published by the General Authority for Statistics on Wednesday. The drop was attributed to a 16.4% decline in oil activities, while non-oil activities and government activities expanded by 4.3% and 3.1%, respectively, year-on-year. For the full year, Saudi Arabia's economy shrank 0.9%, according to government data. Throughout last year, the world's largest crude exporter has been implementing output cuts in a bid to push up prices. The kingdom's economy is heavily reliant on its petroleum sector, which accounts for 42% of its GDP.

Organizations: Saudi, General Authority, Statistics, Organization of, Petroleum Locations: That's, Saudi, Saudi Arabia

☆ Hunger is India’s ‘biggest problem’ — one of the world's largest food producers leaves millions hungry
▼ + stars: | 2024-01-31 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

A labourer works inside a mill of refined wheat flour at Khanna in India's Punjab state on May 18, 2022. "Hunger is the biggest problem in India," a representative of global agribusiness Bunge told CNBC on the sidelines of the Commodity Trading Week held in Singapore. If they are getting the food, it's not nutritious," said Amit Sharma, Bunge's global trade execution team leader. India's Department of Food and Public Distribution did not immediately respond to CNBC's request for comment. Vipin Kumar | Hindustan Times | Getty ImagesIndia's food problem is also compounded by the fact that the rising middle class is on course to demand for more food — and better quality food as well.

Persons: Sajjad Hussain, Bunge, There's, Amit Sharma, Sharma, India's, Garima, Louis Dreyfus, Vipin Kumar, Jain, It's Organizations: AFP, Getty, CNBC, Logistics, International Trade Administration, U.S . Commerce Department, India's Department of Food, ITA, Hindustan Times Locations: Khanna, India's Punjab, India, Singapore

☆ Oil prices higher after Iran-linked drone strikes kill three U.S. troops, Biden vows retaliation
▼ + stars: | 2024-01-29 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

A drone launch during a military exercise in an undisclosed location in Iran captured in a handout image obtained on Aug. 25, 2022. Oil prices advanced early Monday after missiles launched by Iran-backed militants killed U.S. troops in Jordan on the weekend. Global benchmark Brent traded 0.57% higher at $84.03 a barrel, while the U.S. West Texas Intermediate futures rose 0.6% to $78.48 per barrel. They were the first American fatalities from enemy attacks since Israel's war with Hamas began on Oct. 7. "Have no doubt — we will hold all those responsible to account at a time and in a manner our choosing," he said.

Persons: Joe Biden Organizations: Brent, U.S . West Texas, White, Hamas Locations: Iran, Jordan, U.S, Syria, Iraq

☆ Commodity markets are in a 'super squeeze' — and higher prices could be here to stay
▼ + stars: | 2024-01-26 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

A commodity "super squeeze" is denoted by higher prices driven by supply constraints more than a robust growth in demand, he explained. "If it's a supply constraint that's driving high commodity prices, it's a very different story for global growth," he told CNBC via Zoom. Higher prices as a result of a super squeeze are "not as positive." The super squeeze could be deeper, or more prolonged if geopolitical, climate change or energy transition related supply disruptions are larger than expected. He highlighted that extreme weather events and geopolitics have also impacted the agricultural and energy commodity baskets.

Persons: Li Xin, Paul Bloxham, Bloxham, Brian Luke S, Dow, HSBC's Bloxham, Ian Waldie, Brian Luke, Matty Zhao Organizations: Technology, Getty, Visual China, HSBC, CNBC, Paul Bloxham HSBC, Energy, Commission, Commodities, Bloomberg, Dow Jones, of America Securities Locations: SUIXI, CHINA, Anhui, Suixi County, Huaibei City, Anhui Province, China, Israel, Gaza, Ukraine, Red, Australia, Asia, Pacific

☆ Uranium prices could rally past 16-year highs as the world's largest producer runs short
▼ + stars: | 2024-01-25 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

And that's about to send uranium prices, already at 16-year highs, on another rally. Sulfuric acid is critical in the extraction process as it is used to leach and recover uranium from raw ore. Kazatomprom is the world's leading uranium miner, accounting for over one-fifth of the world's production. Kazakhstan also produces 43% of the world's uranium supply, the largest slice of the global market for the heavy metal. Around 60 nuclear power reactors are under construction in 17 countries and another 110 are in the planning stages. Citibank expects uranium prices to average $110 per pound in 2025.

Persons: Guy Keller, Uranium, Jefferies, Janos Kummer Organizations: Corbis, Tribeca, Citibank, Getty Locations: India, Pallava, Kazakh, Kazakhstan, Canada, France, Niger, Tribeca, Asia, China, Slovakia

☆ Air freight rates could spike as Red Sea attacks disrupt shipments via sea
▼ + stars: | 2024-01-17 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

DHL Cargo planes are unloaded at Halle-Leipzig Airport on February 28, 2014 in Leipzig, Germany. Up to 60 cargo planes land every weeknight. The Houthi attacks in the Red Sea are not only driving up sea freight — air freights are going to get higher too, as global trade flows get increasingly disrupted. This means that air cargo is about to play an expanded role in the supply chain ecosystem. Air freight can slash delivery times to just a few days compared to weeks taken by ocean carriers.

Persons: Matthew Burgess, Robinson Organizations: DHL Cargo, Airport Locations: Halle, Leipzig, Germany, South Africa, C.H

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