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UK leaves European Union, but Brexit is far from over

Bloomberg The UK has left the European Union (EU) after almost half a century of membership, setting the stage for 11 months of potentially fraught talks that will determine whether the two sides can avert a chaotic divorce. There were no bongs from Big Ben to mark the moment of Britain’s departure from the bloc, but prime minister Boris Johnson ...

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US considers change in global parcel fee

Bloomberg President Donald Trump signed an executive order designed to combat the flow of foreign counterfeit goods sold on e-commerce platforms like the websites of Amazon, eBay and Walmart. The Department of Homeland Security will examine whether the US government is collecting enough fees to cover the cost of processing and inspecting parcels entering the US. It will also develop ...

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US lifts sanctions on unit of Chinese shipping firm

Bloomberg The US lifted sanctions against a unit of China’s biggest shipping company that was accused of hauling Iranian crude in violation of American restrictions. According to a notice posted on the Treasury Department’s website in Washington, sanctions were removed. In September, restrictions were placed on the Dalian units of China COSCO Shipping Corp, sending freight rates soaring as traders ...

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