North America

Three traders reported that Caspian CPC blend oil exports were 'planned at 1.5m barrels per day for September. This is a steady decrease from the 1.6m bpd of?August due to maintenance?at?the Karachaganak Oilfield. Weather-related disruptions, and drone strikes in Black Sea could affect actual CPC Blend oil loads next month. About 2% of global oil is supplied by the CPC pipeline, which transports Kazakhstani crude to a terminal near the Black Sea port in Russia, Novorossiysk. Shipowners prefer the CPC terminal to the Novorossiysk Sheskharis Terminal, according to traders, following Ukraine's pledge to stop?strikes against non-Russian ships leaving Black Sea...

On Tuesday, the?head of Federal Aviation Administration announced that an antenna had been relocated and procedures changed after a military helicopter carrying President Donald Trump came too close to a passenger jet departing Reagan Washington National Airport. The incident on August 4 raised serious concerns about the reason why the passenger plane was allowed to leave while Marine One was near, at a time commercial traffic would normally be halted. After an aviation event, FAA Administrator Bryan Bedford assured reporters that?the issue of communication had been resolved. The National Transportation Safety Board investigates the incident. After a crash in January...

Texas Governor Greg Abbott?on Friday requested a federal probe into airport facilities to determine if ritual washing was performed before islamic prayers. A Muslim advocacy group referred to this as an "anti-Muslim" political stunt. Abbott, in a letter sent to the Department of Justice urging it to review immediately the ablution stations at Dallas-Fort Worth International Airport (DFWIA) and George Bush Intercontinental Airport (GWIA), criticized them for being discriminatory. Abbott's office stated that because airports receive federal funding, they are required to adhere to a number of conditions. This includes complying with all applicable laws against discrimination. Before daily prayers,...

El Nino, just two years after the most severe drought in the history of the Panama Canal forced ships to wait for weeks for passage, and triggered multimillion-dollar bidding wars for transit slots. Now El Nino threatens again the rainfall that feeds this waterway. El Nino is strengthening and reservoirs are shrinking. The industry is preparing for another disruption on one of the most important waterways in the world. Some?ships have already taken long detours through Africa. The Panama Canal Authority reversed its previous promise to limit 'passage' as it prepares for an El Nino that is longer than usual....

MMC Corporation (which owns Malaysia's largest port operator) informed staff via an internal memo that Sultan Ahmed bin Sulayem had been?appointed as executive chairman of the ports unit due to his expertise and proven track record. This was after public outcry regarding his alleged ties with Jeffrey Epstein. The chief executive of MMC Corporation sent the memo to all staff. The memo stated that Emirati Bin Sulayem was appointed to MMC Ports in accordance with the parent's mission of elevating its businesses to international excellence and competitiveness. Exclusively reported in July, Bin Sulayem was to take over MMC Ports five...

Lobby groups for port terminals in Brazil have urged government officials to allow the 'dredging' of the Tapajos River. This is a major waterway for grain-exports, which cuts through the Amazon?rainforest. They are concerned that a severe El Nino would make one of Brazil's most important export routes too narrow for barges. Industry data shows that global trading firms such as Bunge Cargill and Louis Dreyfus move 15 million metric tonnes of grain annually along the Tapajos. Brazil is one of the largest corn and soybean suppliers in the world. The Brazilian government, however, has refused to grant the permission?to...

After the Irish police chief said that young people drove on the wrong side for social media likes, a parliamentary committee asked TikTok how it removed content "that glorifies...?"illegal activity? on Irish roads. Police said that five male teens died in an accident on Sunday, while driving the wrong way on a motorway. Three women and a child were seriously injured in another vehicle, which was travelling to Dublin Airport. Social media has been widely used to share footage purporting to be?taken from the car and other cars engaging in dangerous activities. Alan Kelly, the chair of the committee for...

Sources say that Russia has rerouted Kazakhstan's crude exports to the Black Sea port of Novorossiysk from the Baltic port?of Ust-Luga, in order to free up more capacity for Russian oil exports?from the Baltic due to a heightened Black Sea security risk. Sources familiar with the issue said that Kazakhstan exports crude oil through Novorossiysk as well as Ust-Luga. However, Moscow wants to route all Kazakh transit volumes through the Black Sea starting in late August and continuing until the end of September. This move would allow Russia to replace Kazakh crude barrels at Ust-Luga by its own crude exports....

U.S. railroad Union Pacific collected more than $91.1 million in fuel surcharges during the second quarter compared to what it paid for fuel, a filing made with the Surface Transportation Board and first reported by. These excess surcharges increased Union Pacific's profits, highlighting criticisms from some shippers who believe that surcharges intended to recoup the rising costs of petroleum due to U.S.-Israeli war against Iran can be excessive. The only U.S. transport companies to report fuel costs as well as fuel surcharge revenues to regulators is railroads. This rare insight provides a unique look at how fuel surcharges improve company...

Analysts said that the Chicago Board of Trade soybean futures rose on Monday, as higher crude oil and a stronger crush rate of soybeans supported the market. Wheat prices fell after investors took profits on last week's gains. However, the continued disruption of Russian and Ukrainian exports via the Black Sea helped to support the market. The corn and soybean futures rose as well, boosted by caution about U.S. crop yield prospects ahead of a closely followed Midwest tour scheduled for this week. Chicago Board of Trade futures for soybeans, the most active contract, rose by 23-1/2 cents a bushel...

U.S. railroad Union Pacific made $91.1 million in fuel surcharges more than it paid out for fuel during the second quarter. This is according to an?company filing at the Surface Transportation Board, first reported by. These excess surcharges increased Union Pacific's profits, despite criticisms from shippers who believe that the surcharges are excessive. The only U.S. transport companies to report fuel costs as well as fuel surcharge revenues to regulators is railroads. This rare insight provides insights into how fuel surcharges improve company profits. Union Pacific has said that its fuel surcharge increases are in line with industry standards. STB...

Third Point, the hedge fund of billionaire investor Daniel Loeb, has taken a stake in Warner Bros. According to a Friday regulatory filing, Discovery took a stake in Warner Bros. during the second quarter. According to LSEG, the fund's position of 20,000,000 shares would make it one of the 20 largest investors in the media company. This is at a time when the $110 billion Paramount Skydance acquisition has been halted due to court challenges. Third Point is a long-time investor in the media industry. In 2022, it will push for changes at The Walt Disney Company. The New York-based...

A federal judge blocked the U.S. The Postal Service is not allowed to implement the core elements of a new rule that was adopted by President Donald Trump. This rule would have tightened mail-in voting requirements ahead of the November congressional elections. U.S. district judge Indira Talwani issued a temporary restraining in Boston at the request of Democratic-led state and voting rights organizations after the U.S. Supreme Court issued a Monday ruling which led to the lifting earlier injunctions that blocked Trump's plans for restricting mail-in voting. This decision prompted dozens of Democratic state attorney generals and voting rights organizations,...

A federal judge blocked the U.S. The Postal Service is not allowed to implement the core 'parts' of a new rule that it adopted at Donald Trump’s request?to tighten voting requirements for mail-in ballots ahead of November congressional elections. U.S. District Court Judge Indira Talwani issued a temporary restraining in Boston at the request of Democratic-led States and voting rights groups, after the U.S. Supreme Court issued a decision on Monday that led to lifting earlier injunctions which blocked Trump's plans for restricting mail-in voting. This decision prompted a frantic effort by dozens of Democratic State Attorneys General and voting...

On Wednesday, a coalition of Democratic-led States renewed their efforts against the?U.S. Postal Service to implement President Donald Trump's executive orders restricting mail-in votes, in order to?prevent? it from imposing any new requirements for November congressional elections. The Democratic Attorneys General of 23 States and the District of Columbia, along with Pennsylvania Governor filed the lawsuit at Boston Federal Court two days after the U.S. Supreme Court lifted the earlier injunction that they won blocking Trump’s order on grounds that they sueded too early. The earlier lawsuit was filed before the?USPS finalized the rule to implement the March order signed...

The U.S. A federal judge declined on Tuesday to block the?final rule' that was issued by the U.S. Postal Service?adopted a?final rule?that President Donald Trump?directed?that would?tighten the requirements for mail-invoting, but she still concluded that the agency violated a judge's order by issuing the ruling. U.S. district judge Indira Talwani ruled in Boston a day after U.S. Supreme Court lifted her two court orders that prevented USPS implementing the executive order Trump had signed targeting mail-in votes. USPS is still unable to fulfill Trump's directive despite these rulings. Various challenges to the executive order are still being played out in...

A federal judge has blocked the implementation of President Donald Trump's executive order that restricts the use of mail-in votes ahead of the November midterm elections. Monday, the?U.S. The Supreme Court lifted the judicial order and gave him a victory, but there are still other challenges. What is the Executive Order? The order, issued in March, directed that the Department of Homeland Security compile and send to each state a list of U.S. Citizens eligible to vote, and that the Justice Department investigate and possibly prosecute state and local officials who give ballots to those deemed to be "not eligible"...

These are the top stories on the New York Times business pages for August 25, 2018. These stories have not been?verified and we cannot vouch for their accuracy. The Supreme Court, which was divided on Monday, allowed the administration of U.S. president Donald Trump to proceed with its executive order that directed?the U.S. Postal Service will help determine which voters should receive mail-in votes before midterm elections. The Trump administration proposed a steep new fee on Monday for visas granted to foreign skilled workers. This is the latest attempt by the Trump administration to fundamentally revamp the H-1B Visa program....

The?U.S. The?U.S. Supreme Court lifted on Monday a judicial ruling that had prevented President Donald Trump from implementing an executive order restricting the use of mail-in votes ahead of the November midterm elections, which will determine control of Congress. However, another judicial ruling remains. The Justice Department received an emergency request from the Justice Department to suspend an injunction issued by U.S. judge Indira Talwani in Boston in June, which prevented the Republican President from implementing his directive against a coalition consisting of 23 states, mostly governed by Democrats, and Washington, D.C., who had sued in order to stop him....

The U.S. The U.S. USPS stated that it was issuing the 95-page rule so it could be implemented for the next election if a judge lifted their injunctions. USPS will not deliver ballots to states that don't comply with the new rules. USPS final rule requires that states provide a list of voters who have received mailed ballots. The U.S. District Court Judge Indira Talwani of Boston has blocked USPS from adopting the rules that President Donald Trump ordered ahead of November's elections, which will determine control of Congressional seats. Trump, who is a Republican and a member of the...

On 'Tuesday,' a federal judge blocked the U.S. Postal Service from implementing a part of the President Donald Trump executive order which aims to tighten voting rules by mail in advance of the November elections that will determine control of Congress. The decision by the?U.S. The ruling by?U.S. District Judge Indira?Talwani in 'Boston expanded upon an earlier order that she issued in June, which prevented the?Trump administration from implementing it in 23 mainly Democratic-led States. She was urged by several voting rights groups to prevent USPS from implementing a proposed rule that would require states to provide lists of voters...

U.S.?Postal Service announced a $2.5 billion loss for?the third fiscal quarter. This is nearly $600 millions less than the same quarter last. They also urged Congress to take a number of?actions?to address their mounting financial crisis. U.S. postmaster general David Steiner has said that legislation passed by the Senate to add dozens new ZIP codes will cost the cash-strapped USPS $800 million. He also said the agency wants approval for a new stamp price increase in January, rather than wait until July 2027. Steiner stated that without the action of?Congress in this year's budget, "our plans will certainly include changes...

The Sueddeutsche Zeitung, among other news outlets, reported that a Ukrainian cargo aircraft found parked next to an explosive-laden drone at Germany's Leipzig/Halle Airport on Tuesday night was actually carrying military ammunition. The report, also broadcast by NDR and WDR, cited a confidential police report and said that forensic experts determined the explosives on the drone to be of high military grade. These findings could raise the stakes of a wider counterterrorism investigation into the incident at a?airport that serves as a major military and cargo logistics hub, which the German government has classified as critical infrastructure. Alexander Dobrindt, the...

'United Parcel Service' raised its yearly revenue forecast Tuesday after a 'planned pullback in Amazon.com shipments and a greater focus on more profit-making shipments. The world's biggest parcel delivery company is consolidating by closing facilities and cutting jobs in order to streamline operations and generate $3 billion of cost savings by the year 2026. The company expects a revenue of $91.2 Billion in 2026, and earnings per share of $7.22. In April, the company forecast revenue of $89.7 Billion in?2026 and an adjusted operating margin of 9.6%. Carol Tome, CEO of Amazon said: "We have successfully completed our Amazon glide-down...