Tue, 21-Oct-2025

Biden says govt averted US holiday supply chain ‘crisis’

Joe Biden

WASHINGTON: President Joe Biden argued on Wednesday that by working with shipping firms and unions, his administration helped prevent a feared shortage of gifts for the holidays. Reeling from a fresh political wound, that his signature social spending and climate bill was potentially dead in the water, the US leader also touted the economic recovery and … Read more

Global shipping outlook turns stable from positive

Global shipping

RIYADH: As the demand slightly outstrips supply, Moody’s Investors Service has changed the outlook for the global shipping industry to stable from positive for the next 12 to 18 months, Arab News reported. A report issued on Monday said the change is driven by tough comparisons with the very strong cash flows generated this year rather than … Read more