FT: Mediterranean ports warn of overflowing storage yards in latest threat to supply chain
THE FINANCIAL TIMES reports: Container ports around the western Mediterranean are nearing full capacity, raising the ...
PLD: PREPARED REMARKS PLD: LITTLE CHANGED AAPL: CHINAPLD: TRADING UPDATEDSV: BLACKROCK HOLDING UPDATEFDX: GOODBYE TIMEAMZN: SCRUTINYGM: BAD BEHAVIOURDHL: STICKING PEP: UNFAIR COMPETITIONKNX: JBHT RIPPLE EFFECTJBHT: DOWNGRADESDHL: SHINING ON WEAKNESSKNIN: ENOUGH DAMAGE DONE NOWLINE: BOUNCING BACK
PLD: PREPARED REMARKS PLD: LITTLE CHANGED AAPL: CHINAPLD: TRADING UPDATEDSV: BLACKROCK HOLDING UPDATEFDX: GOODBYE TIMEAMZN: SCRUTINYGM: BAD BEHAVIOURDHL: STICKING PEP: UNFAIR COMPETITIONKNX: JBHT RIPPLE EFFECTJBHT: DOWNGRADESDHL: SHINING ON WEAKNESSKNIN: ENOUGH DAMAGE DONE NOWLINE: BOUNCING BACK
THE FINANCIAL TIMES reports:
Belgium’s intelligence service has been monitoring Alibaba’s main logistics hub in Europe for espionage following suspicions Beijing has been exploiting its growing economic presence in the west.
European governments have been increasing scrutiny of the alleged security and economic risks posed by Chinese companies, which has been part of a wider reassessment of the EU’s traditional openness to trade with China.
In specific reference to Alibaba’s logistics arm at the cargo airport in Liège, Belgium’s security services told the Financial Times they were working to detect “possible espionage and/or interference activities” carried out by Chinese entities “including Alibaba”.
Alibaba, which denies any wrongdoing, signed an agreement with Belgium in 2018 to open the hub in Liège, Europe’s fifth-largest cargo airport, ploughing €100mn of investment into the ailing economy of the French-speaking Walloon region.
But almost two years on from the site being opened, the Belgian State Security Service (VSSE) has continued monitoring Alibaba’s operations following intelligence assessments, said people familiar with the matter. One area of scrutiny includes the introduction of software systems that collate sensitive economic information…
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