India's draft Defence Acquisition Procedure (DAP) 2026 aims to reshape its missile industry by ending Bharat Dynamics Limited's (BDL) monopoly and involving private companies. This move reflects a strategy to boost production scale, foster innovation, and enhance resilience in defense manufacturing to meet evolving security challenges.
Two remote Western Australian islands, Koolan and Cockatoo, have been sold for multi-million dollars to be transformed into transport logistics hubs. Koolan Island, previously an iron ore mine, will become a sea and air hub for offshore industries, while Cockatoo Island will also be developed into a multi-user hub.
China and Kazakhstan have launched a joint grain-trading platform to reduce reliance on global supply chains and maritime chokepoints. The deal, focusing on soybeans and oilseeds, aims to bolster China's food security amid global uncertainties.
China's SAIC Motor plans to establish its first EU production facility in Spain's Galicia region, with an initial investment of around €200 million. The plant in Ferrol is expected to create 1,000 direct jobs and become operational in 2028, pending government approvals.
Saudi Arabia is capitalizing on the Iran conflict to boost its role as an energy and logistics hub, diverting trade through its Red Sea ports and East-West pipeline. Despite global trade disruptions, the kingdom's oil revenues have surged, and its stock market remains resilient, though overall growth forecasts have been adjusted.
Maharashtra CM Devendra Fadnavis dismissed Rahul Gandhi's reported prediction of the NDA government's collapse as 'daydreaming', comparing it to the TV show 'Mungerilal Ke Haseen Sapne'. Fadnavis made these remarks at the inauguration of the Godam Logistics Park in Nagpur, highlighting its importance for the manufacturing sector and global competitiveness.
Russian President Vladimir Putin stated that Russia and China are jointly developing trans-Eurasian transport routes, leading to increased volume and speed of cargo and passenger transportation. He also mentioned the modernization of Russian railways and the expansion of the Northern Sea Route.
When Law Yin-ping moved into a village house in Yick Yuen Tsuen, Hung Shui Kiu, in northwest Hong Kong more than a decade ago with her granddaughters, it never crossed her mind that they could one day be homeless – and forcibly separated. The Tuen Mun village falls within the government’s planned Hung Shui Kiu/Ha Tsuen New Development Area, which is set to become a high-end professional services and logistics hub under the Northern Metropolis megaproject. Law, who is nearly 70, said on Sunday...
When Law Yin-ping moved into a village house in Yick Yuen Tsuen in northwest Hong Kong’s Lam Tei more than a decade ago with her granddaughters, it never crossed her mind that they could one day be rendered homeless – and forcibly separated. The Tuen Mun village falls within the government’s planned Hung Shui Kiu/Ha Tsuen New Development Area, which is set to become a high-end professional services and logistics hub under the Northern Metropolis megaproject. Law, who is nearly 70, said on Sunday...
The chief of the 11th Corps’ planning and countermeasures department, call sign "Karta," noted that delivery routes and logistics hubs are under constant surveillance by both airborne reconnaissance and strike drones of the Russian Armed Forces
Alibaba Group plans to spin off Jiaxing Park, a key Cainiao logistics facility in Zhejiang province, into a publicly listed REIT managed by CICC Fund. Analysts say the move will help the e-commerce giant unlock value from mature infrastructure while redeploying capital into higher-growth opportunities. The proposal awaits regulatory approval from the Shenzhen Exchange and CSRC.
A request for offers to ship 235,000 barrels of jet fuel from Cherry Point, Washington to Subic Bay in the Philippines, and a separate tender for 260,000 barrels to Yokose, Japan, illustrate the disruption to global oil supply chains caused by the war in Iran. The shipments scheduled for May and June add to a growing trend of American fuel heading to regions typically reliant on supplies from the Strait of Hormuz, which has been constrained by the Middle East conflict.
