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Greek shipper bets $1bn on fuel rule upending world trade

Bloomberg A Greek shipowner is predicting new rules for marine fuel will put thousands of the world’s merchant vessels out of business in the next two years, roiling global trade. In fact, he’s wagering $1.1 billion on it. Evangelos Marinakis, chairman of Capital Maritime & Trading Corp., based near Athens, says his company has invested that much in the last ...

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UN slaps new sanctions on N Korea

Bloomberg The United Nations Security Council unanimously approved new sanctions targeting North Korea’s economy following the launch of a ballistic missile last month that Kim Jong Un’s regime said shows it can now target the entire continental US. A week after US Secretary of State Rex Tillerson called out Russia and China for their support of Kim Jong Un’s regime, ...

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US court delivers fresh blow to Trump travel ban

Washington / Reuters A US Appeals court said President Donald Trump’s hotly contested travel ban targeting people from six Muslim- majority countries should not be applied to people with strong US ties. The 9th US Circuit Court of Appeals, which covers several West Coast states, also said its ruling would be put on hold pending a decision on the latest ...

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