Saudi Arabia’s crude oil exports to Asian buyers face severe logistical bottlenecks as regional conflicts choke traditional maritime corridors, forcing state shippers to rely heavily on Red Sea transit routes that are increasingly targeted by militant attacks. Strait of Hormuz Closure and the Red Sea Workaround The ongoing regional war in Iran has effectively closed … Read more
Popular clinical psychologist and author Nigel Latta has been posthumously recognised with the Special Achievement Award at the Aotearoa NZ Book Industry Awards held on Saturday night. The Special Achievement Award was accepted on Latta's behalf by his wife, Dr Natalie Flynn. Dr Flynn noted that the recognition reminded her of how well-loved Latta was … Read more
Google’s next Pixel smartphone will likely cost more than current models due to escalating memory expenses, according to comments from Google Vice President of Devices and Services Shakil Barkat. Why Smartphone Prices Are Rising Across the Industry The consumer electronics market is feeling the squeeze of tight component availability. According to industry reports cited by … Read more
New Zealand exporters are pivoting to alternative markets, including India, as a new 12.5% United States import tax takes effect on most Kiwi goods. According to EMA Head of Advocacy and Strategy Alan McDonald, business confidence remains brittle as the tariff hike lands on a tough market. US Import Tariffs Hit Kiwi Wine and Manufactured … Read more
Robinson, and DHL are rapidly investing millions to upgrade cold-chain pharmaceutical shipping infrastructure. According to company earnings reports and executive statements, the demand for temperature-sensitive biologics like Novo Nordisk’s Ozempic and Eli Lilly’s Mounjaro requires strict, end-to-end refrigerated transport to prevent drugs from losing efficacy during delivery. UPS Expands Healthcare Logistics and Revenue UPS reported … Read more
Nvidia Corp. has secured an artificial intelligence memory supply agreement with South Korea’s SK Hynix that could be worth $500 billion over multiple years, according to an announcement made by the chipmaker late Friday in San Francisco. The deal aims to lock in high-bandwidth memory (HBM) for advanced processors and systems amid a severe global … Read more
The number of people living on the streets or in their vehicles in the city of Los Angeles rose during the latest homeless count, ending a two-year run of declining numbers and creating a significant political challenge for L.A. Released on Friday, July 24, by the Los Angeles Homeless Services Authority, the annual count revealed … Read more
Two small American businesses are suing Donald Trump in the US Court of International Trade to halt new global import levies, according to a legal complaint filed by the non-profit law firm Liberty Justice Center. The litigation challenges trade actions that impose a 12.5 per cent tariff on Australian goods alongside levies on scores of … Read more
The U.S. military launched the 13th night of airstrikes against Iran, targeting key military and commercial sites as regional clashes escalated over vital shipping routes, according to U.S. Central Command. The military action followed a claim by Yemen’s Iran-backed Houthi rebels that they struck two Saudi oil tankers in the Red Sea, a development that … Read more
German automaker Volkswagen reported an operating profit of 3.5 billion euros ($3.98 billion) for the April to June period, missing LSEG consensus expectations of 4.3 billion euros and falling nearly 10% from the previous year. Volkswagen Cuts Sales Forecast and 2026 Revenue Expectations Europe’s biggest carmaker revised its 2026 sales revenue guidance to a range … Read more