US trade war could cost global economy $430 billion, IMF warns

The risk of current trade tensions escalating further is the greatest near-term threat to global growth, said the International Monetary Fund (IMF) in its latest World Economic Outlook report.

China Imposes Retaliatory Duties on 800 Goods from US

The Chinese authorities have imposed 25% duties on imports from the United States worth about $34 bln a year, according to a statement by the Main Customs Administration of the People's Republic of China.

Panama canal expansion officially opens Sunday

The Panama Canal looks to shore up its "relevancy" on June 26, with the official opening of a new set of locks that will allow super-sized cargo ships to use the passageway between the Atlantic and Pacific oceans.

The Panama Canal Authority welcomes the first super-sized ship through the $5.4 billion deeper, wider set of locks on Sunday, which are expected to double the cargo capacity of the canal of the 100-year-old manmade shipping route.

The nine-year project to expand the canal is expected to shift and improve trade both to the United States and around the world, because larger ships will now be able to more easily travel between the Atlantic and Pacific, and was considered essential to keeping the canal relevant, representatives of the authority said...
  [upi.com]
25/6/16
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Related:

•  Panama Canal expansion set for 2016 finish

• Panama Canal Turns 100 Amid Growing Pains, Competition  

• Deal reached resolving Panama Canal row 

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• Ξαφνικό «στοπ» στην επέκταση της Διώρυγας του Παναμά. -Λόγω διαφωνιών με την κοινοπραξία που έχει αναλάβει το έργο 

•  El Canal de Panamá y Sacyr acercan posturas para retomar las obras...

• Los responsables del Canal denuncian que Sacyr ya ha paralizado las obras....

• Talks break down in Panama Canal contract dispute...

• Un nouveau canal pourrait bientôt concurrencer celui de Panama

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• Spanish minister in Panama to end US$1.6b canal row

• Panama: conflit sur un surcoût des travaux d'agrandissement du canal.... 
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• Sacyr rechaza la oferta de Panamá y pide 159 millones más.....

• Un nouveau canal pourrait bientôt concurrencer celui de Panama

  

German exports, imports top monthly record in July

Germany’s exports and imports rose to new monthly records in July, official data showed on Sept. 8, underlining the robustness of Europe’s top economy in the current stormy global economic seas.       

Maersk Line expects gains from new Suez Canal expansion

Maersk Line, one of the world's biggest container shipping companies, sees possible efficiency gains from the new Suez Canal expansion project.

Egypt Says ’New Suez Canal’ Ready for Business

Egypt said on Wednesday that the "new Suez Canal" was ready for navigation for all kinds of ships, as authorities geared up to launch the shipping route officially next month.

New Suez Canal to bring fresh development projects to Egypt (El-Sisi)

Egypt will witness the establishment of several development projects following the inauguration of the new Suez Canal 6 August, according to a presidency statement quoting President Abdel-Fattah El-Sisi Saturday, following his meeting with French Defence Minister Jean-Yves Le Drian in Cairo earlier in the day.

New Suez Canal test operation to start Saturday

The new Suez Canal project will start its trial operation process on Saturday, 11 days before the official inauguration on 6 August, Al-Ahram newspaper reported on Tuesday.

Malaysian oil tanker goes missing with 22 crew members

KUALA LUMPUR: A Malaysian tanker carrying nearly 7.5 million litres of petrol has gone missing with 22 crew members on board in the waters off southern Johor state's east coast.

Egypt's new Suez Canal to officially open on August 6. Nearly 85 percent of the dredging work has been achieved

Egypt's new Suez Canal maritime route will officially open on August 6, a senior official said on Saturday.

Egypt to inaugurate new Suez Canal Aug 6 (Abdel Fattah el-Sisi)

The new Suez Canal will be inaugurated in Egypt on August 6, President Abdel Fattah el-Sisi said in a televised address.

Ship collision delays Suez Canal traffic

Cairo: Two container ships collided in Egypt's Suez Canal early on Saturday, delaying traffic through a vital global trade route for several hours, sources in the canal authority said.