Funding & Business
Chaotic Year For Shipping: Port of LA Executive Director Seroka
Postal shipments into the US are down over 80% after the end of the de minimis exception, waving tariffs on lower valued shipments from overseas. This has lead to frustration and confusion for shippers as they try to navigate this new reality. Port of Los Angeles Executive Director Gene Seroka has more on the story. (Source: Bloomberg)
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Former Virgin Australia Holdings Ltd. Chief Executive Officer Jayne Hrdlicka left the airline with a final package of A$50 million ($33 million), a windfall that makes her one of the country’s best-paid leaders.
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Hot themes from artificial intelligence to biotech have driven Chinese investors to pour record amounts of cash into locally listed exchange-traded funds that track Hong Kong stocks, a trend that analysts say is likely to continue.
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As Hungary embarks on building railways that link car factories to new markets in western Europe, the country is turning to financing in China.
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