British sculptor Ray Exworth, who died in 2015, created a vast, unseen body of work over six decades, hidden in sheds on his Cornish smallholding. Photographer Jem Southam's new book, "Ray's Sheds," offers the first public access to these intricate, salvaged-material sculptures, aiming to establish Exworth's legacy in 20th-century British art.
Australian police discovered 2.7 metric tons of cocaine, valued at $572 million, hidden in underground bunkers on a Sydney property. Two men were arrested, and authorities suspect an organized crime group used a mother ship and transported the drugs from Queensland.
Australian federal police seized 2.7 tonnes of cocaine, valued at $816 million, buried in secret bunkers at a Sydney property. Two men were arrested and charged.
The US Department of Justice has charged seven Chinese executives and four major shipping container companies with conspiring to restrict supply and inflate prices during the Covid-19 pandemic. The companies control 95% of global container manufacturing and allegedly exploited the crisis for profit, leading to higher costs and longer waits for US consumers.
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases to our financials.”“The secondary effect from this is actually whether these increased costs are eventually going to lead to inflation and demand destruction as a result, which could create a softened market environment in the second half of the year.” Continue reading...
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases to our financials.”“The secondary effect from this is actually whether these increased costs are eventually going to lead to inflation and demand destruction as a result, which could create a softened market environment in the second half of the year.” Continue reading...
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases to our financials.”“The secondary effect from this is actually whether these increased costs are eventually going to lead to inflation and demand destruction as a result, which could create a softened market environment in the second half of the year.” Continue reading...
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases to our financials.”“The secondary effect from this is actually whether these increased costs are eventually going to lead to inflation and demand destruction as a result, which could create a softened market environment in the second half of the year.” Continue reading...
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases to our financials.”“The secondary effect from this is actually whether these increased costs are eventually going to lead to inflation and demand destruction as a result, which could create a softened market environment in the second half of the year.” Continue reading...
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases to our financials.”“The secondary effect from this is actually whether these increased costs are eventually going to lead to inflation and demand destruction as a result, which could create a softened market environment in the second half of the year.” Continue reading...
Germany and the UK were the largest exporters of plastic waste in 2025, sending over 810,000 and 675,000 tonnes respectively. Much of this waste is destined for Turkey and Malaysia, regions already struggling with pollution, illegal dumping, and labor abuses linked to their recycling industries.
A defense startup just raised $82 million to put drone factories inside shipping containers and bring manufacturing to the front lines.
