Europe’s auto sector faces ‘perfect storm’ as exports slump and imports surge
European automakers and their logistics services providers are navigating a period of upheaval and structural ...
DHL: NEW HIGH TARGET ON THE STREET DSV: EXPECTATIONS RUN HIGH KNIN: DHL GUIDANCE UPGRADE READ-ACROSSKNIN: NEW OPENINGGM: TECH UPSIDEAMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZ
DHL: NEW HIGH TARGET ON THE STREET DSV: EXPECTATIONS RUN HIGH KNIN: DHL GUIDANCE UPGRADE READ-ACROSSKNIN: NEW OPENINGGM: TECH UPSIDEAMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZ
It seems South-east Asia has had enough of all the rubbish. In this case, literally. The Guardian reports that over the past 12 months, western waste has been gathering along the shores of Indonesia, Malaysia and the Philippines. In April a Malaysian government investigation revealed that waste from the UK, Australia, the US and Germany was pouring into the country illegally, falsely declared as ‘other imports’. Malaysia sent back five containers of illegal rubbish from Spain and this week said it would return 3,000 tonnes of illegally imported plastic waste from the UK, the US, Australia, Japan, France and Canada. Never one to mince words, president of the Philippines Rodrigo Duterte threatened last week to sever diplomatic ties with Canada unless it took back 69 containers’ worth of rubbish – amounting to some 1,500 tonnes. Adding further threats, Duterte said if Canada did not collect its junk, Filipino ships would tow it to Canadian waters and dump it there.
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