Weekly Newsletter

G7 launches global infrastructure partnership

Recently, U.S. officials announced that the G7 will officially launch a global infrastructure partnership to provide low- and middle-income countries with a high-speed and transparent alternative. US media pointed out that the US move is to follow China's "Belt and Road" initiative, and said it is a large-scale infrastructure investment plan.

Norway Bank announces highest rate hike since 2002

Norway Bank's Monetary Policy and Financial Stability Committee decided to raise its benchmark interest rate by 50 basis points to 1.25% from 0.75%, the largest rate hike since 2002. To further control inflation, Norway Bank plans to raise interest rates again in August.

India trade deficit hits record high, prices surge

According to data released by India's Ministry of Commerce and Industry, India trade deficit in May reached a record $24.29 billion, up 271.97% year-on-year. In addition, India's Central Bureau of Statistics announced that the country's May CPI rose 7.04% year-on-year, exceeding the 6% upper limit of tolerance.

Singapore's total foreign trade increased by 32.4% year-on-year

According to data released by Enterprise Singapore, the country's total foreign trade in May reached 122.2 billion Singapore dollars (about 591.481 billion yuan), a year-on-year increase of 32.4%. Among them, the total export volume increased by 26.9% year-on-year, and the total import volume increased by 38.7% year-on-year.

eBay announces suspension of Turkish marketplace operations

Recently, eBay announced that it will stop operating in the Turkish market, closing its GittiGidiyor business, and sellers will no longer be able to list new items. It also said that from July 18, buyers will not be able to purchase items on the GittiGidiyor platform.

Tianjin Port Announcement: Reduction and Exemption of Various Fees

Tianjin Port Group issued an announcement stating that in order to help optimize the business environment of Tianjin Port and further smooth the domestic and international dual circulation, it has implemented ten measures to relieve difficulties and benefit enterprises. Including the waiver of the transfer container yard usage fee; the waiver of the warehouse yard usage fee for imported empty containers for more than 30 days, etc.

Samsung announces the completion of the world's largest single order

Recently, South Korea's Samsung announced that it has successfully signed the first batch of 14 large-scale LNG ship orders for Qatar's "Hundred Ships Plan", with a total order value of more than 3 billion US dollars, setting a new record for the largest single new ship construction order in the world's shipbuilding history.

Shenzhen Xunlaitong specializes in shipping export from Shenzhen to Australia & New Zealand, Germany, Netherlands and more business

www.xunlaitong.com