- China Imposes Anti-Dumping Duties on European Brandy as Trade Tensions Rise Al Arabiya English
- Brandy Was a Hit Drink. Now It’s a Poster Child for the Trade Wars. WSJ
- Pernod Ricard reaches agreement in China’s cognac dumping probe Investing.com
- China Waives Tariffs for 34 Brandy Firms With Pricing Guarantee Vino Joy News
- Reprieve for Cognac giants and travel retailers despite Chinese imposition of five-year anti-dumping duties Moodie Davitt Report
Category: 3. Business
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China Imposes Anti-Dumping Duties on European Brandy as Trade Tensions Rise – Al Arabiya English
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Stocks, dollar dip as Trump passes spending bill, trade deal deadline nears – Reuters
- Stocks, dollar dip as Trump passes spending bill, trade deal deadline nears Reuters
- Trump celebrates tax bill passing, Reeves must boost headroom to £30bn, says ex-Bank of England deputy – as it happened The Guardian
- Markets forge ahead on holiday-shortened week that saw Trump’s policy bill approved The Berkshire Eagle
- Manus on markets: Bond bears poke the market as Congress passes Trump’s tax bill thenationalnews.com
- Stocks dip, dollar in doldrums as Trump’s deal deadline approaches MSN
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IMEA Maersk Market Update – July 2025
As market dynamics evolve and peak-season activity intensifies, many businesses are rethinking their sourcing patterns, transport routes, and inventory buffers to stay ahead of fluctuating demand, capacity constraints, and regulatory shifts. To support your planning efforts, our Ocean, Inland, Warehousing, and Customs teams have compiled the latest insights to provide you with a clearer view of current conditions across IMEA and help keep your supply chain on track.
To receive Maersk IMEA Market Update in your inbox, sign up for our logistics newsletter here. For macroeconomic updates and their impact on your supply chain, head to the Maersk Global Market Update – Summer 2025.
Ocean and Key Ports Update
Ocean operations across IMEA remain stable overall, with most trade routes operating reliably despite seasonal weather patterns and evolving geopolitical conditions. While some areas, particularly in South Asia and parts of the Middle East, are experiencing temporary pressure, resilient network planning and steady trade activity continue to support the region’s supply chains.
In South Asia, the onset of the monsoon season has led to increased congestion at the Port of Colombo. Heavy rainfall and strong winds have disrupted terminal operations, causing berthing delays and increased yard density. These issues have affected vessel connectivity and cargo flow, resulting in delays to regional schedules.
To maintain service stability, we have taken proactive steps across the network. In Colombo, we are diverting cargo where necessary and working closely with terminal operators to reduce delays. In the Middle East, business continuity plans have enabled consistent service delivery.
The recent geopolitical escalations in the Middle East that began on June 12 prompted Maersk to activate its business continuity protocols. As conditions stabilize, we are monitoring the situation closely and are prepared to act swiftly if circumstances change.
Across Africa, the trade environment continues to evolve, shaped by shifting demand patterns and infrastructure development. In East Africa, imports from the Far East—particularly China, Japan, and South Korea remain a significant driver of economic activity, reflecting ongoing demand for consumer electronics, vehicles, and construction materials. In West Africa, import volumes continue to show an upward trend, supported by investment in infrastructure and rising consumer demand. Nigeria, Ghana, and Senegal remain key contributors to this momentum. Source: Container Trades Statistics (Q1 2025 regional trends)
Trade volumes in South Africa are beginning to recover after a slow start to the year. Congestion at the Port of Durban has eased, allowing for more consistent schedules, and demand is gradually picking up as businesses begin planning for the peak season.
For the Far East–South Africa trade lane, we are adjusting capacity by introducing larger vessels to support growing volume and restore reliability. In West Africa, our direct FEW2, FEW3, and FEW6 services remain central to meeting demand in key destinations.
Looking ahead, customers may experience delays on routes affected by the South Asian monsoon through July. We recommend building flexibility into transit schedules and engaging local teams early to manage potential weather-related disruptions. For trade into Africa, particularly the southern and western regions, booking early will help ensure access to space and schedule certainty. Customers can benefit from using our digital tools for up-to-date shipment visibility and service alerts.
Customs Update
Preparing for Tariff Shifts and Trade Realignment
Tariff policy continues to dominate the global trade landscape. The U.S. has announced a significant tariff increase on steel and aluminum—doubling rates from 25% to 50% for most origins, excluding the UK. This move, combined with the anticipated end of the 90-day pause on reciprocal tariffs (set to expire July 8), could reshape cost structures across key industries such as automotive, heavy machinery, and construction.
Markets are on alert ahead of a major U.S. announcement expected on July 9, where new bilateral trade deals are likely to be disclosed. A deal with India is highly anticipated and could unlock increased trade volumes and duty-saving opportunities for Indian exporters.
What Should You Expect?
- Tariff Resumptions Likely: If the pause expires without extensions, reciprocal tariffs may be reinstated for countries still negotiating terms.
- Trade Realignments Incoming: New trade deals may offer benefits—but only for those able to react quickly.
- Cost Volatility: Sharp tariff increases may disrupt existing sourcing and customs cost models.
To help businesses navigate this fluid environment, we’ve introduced the Trade & Tariff Studio—a centralized digital tool designed to streamline tariff management and uncover compliance and duty-saving opportunities. Built into the Maersk Customs Navigator, the studio allows users to:
- Evaluate tariff and regulatory exposure across regions and products.
- Identify and act on opportunities from FTAs and preferential duty programs.
- Detect misclassifications and potential violations related to UFLPA, CBAM, and denied party lists.
- Run a Compliance Health Check for immediate risk visibility and cost-saving insights.
To stay ahead, customers should closely monitor official notifications on tariff changes and the potential reinstatement of reciprocal duties expected in early July. It’s essential to assess exposure, particularly for steel and aluminium imports—as these sectors, including automotive and heavy manufacturing, face the highest risk of cost increases. Updating customs compliance plans is also key such as identifying opportunities to leverage FTAs or reclassify goods where applicable.
As trade negotiations between the U.S. and India progress, customers should track developments that may open new opportunities in sectors such as electronics, pharmaceuticals, textiles, and specialty goods.
We advise customers to prepare for both disruption and opportunity by reviewing the flexibility of your supply chain, especially around sourcing, pricing strategies, and customs budgeting.
New Compliance Rules in Saudi Arabia
In a move to improve cargo handling and import compliance, Saudi Arabia has rolled out two key customs regulations in 2025
- Mandatory Use of Pallets – Circular No. 6/2025
- Effective: Phased implementation from May 2025 for over one year.
- Requirement: All containerized goods must be loaded and stowed using pallets at Saudi ports.
- Exemptions: Apply for bulk, oversized, or heavy machinery shipments—with formal approval from the Saudi Ports Authority and ZATCA.
- Mandatory Product & Shipment Conformity Certificates (PCoC & SCoC)
- Effective: 1 January 2025
- Requirement: All imports must have both PCoC and SCoC issued through the SABER platform.
- Impact: Self-declaration is no longer accepted. Non-compliance can lead to shipment delays and financial penalties.
To support customers, navigate these regulatory changes, Maersk offers end-to-end support—from managing palletization compliance to pre-registering product portfolios and handling all necessary import documentation. This includes securing PCoC and SCoC certificates via the SABER platform, ensuring shipments meet Saudi requirements and avoid delays or penalties. Connect with your Maersk contact to ensure smooth compliance and minimize disruption to your Saudi-bound shipments.
Inland Update
Global supply chain efficiencies rely on the smooth flow of goods through their chain. Amongst others, road haulage has faced significant challenges that often disrupted the flow and continues to increase the cost of logistics for the cargo owner and customers worldwide.
Nigeria is not immune to such inefficiencies. As a major economic power in Africa, the import and export activities are still plagued by various huddles including road transportation. The waterways in Nigeria have presented some reprieve to this situation, through barge services which offer groundbreaking alternatives to avoid the heavy road congestions in cargo transportation and connecting key ports from Lagos (Apapa and Tin Can), Port Harcourt and Onne to customers desired destinations. Maersk continues to strive to offer creative solutions to its customers and thus offers multimodal solutions on road, rail and waterways, including last mile store -door delivery. Customers can explore current service available from Apapa and Onne, catering for both exports and imports flows.
- Apapa, to three major locations: Ikorodu, Mile 2 and Abule Oshun – servicing inner and outside city limits customers; Ogun state, Ibadan and up-country customers.
- Onne port to Port Harcourt City and by Q3 2025 a new service will be available for the Onne imports into Calabar.
With most trade activities revolving around importation of goods and services in Africa, Maersk remains committed to simplifying our customers supply chain and facilitating efficient multimodal solutions for imports from ports to the respective destinations across the continent.
India & Middle East
Middle East conflict and impact on Haifa imports
While a ceasefire is currently in place in the Middle East, the situation remains fluid, and there is still a potential risk of renewed disruptions. One area of concern is the port infrastructure in Haifa, which could face operational slowdowns if tensions were to escalate again—potentially affecting key export flows, including garments. To ensure our customers are prepared, we have put contingency plans in place to help mitigate potential impacts and maintain supply chain continuity should conditions change.
In the event of a complete Haifa port closure, garment customers would have three alternatives:- Suez Canal: Moving cargo through Egypt
- Inland Solution: Moving cargo to Saudi Arabia by truck or rail, then shipping it from there by ocean.
- Ocean option: Transport the cargo via our ocean solutions through Aqaba port. Then, transport the cargo from Aqaba port via our inland solutions.
For the latest updates on your cargo, please sign up for ETA notifications and you will be updated as any changes are made in the system.
Warehousing Update
Spotlight on Pakistan
Pakistan’s supply chain environment is showing signs of stabilisation, though operational challenges persist due to recent geopolitical tensions and domestic disruptions. As the government moves to restore investor confidence through macroeconomic reforms, infrastructure and trade dynamics remain sensitive to both regional security concerns and internal political activity.
The start of 2025 was marked by significant supply chain strain. Political strikes and road closures during Eid holidays led to partial shutdowns along major inland corridors, with some routes blocked for over two weeks. These events coincided with delays in the national budget alignment, creating uncertainty around import duties and fiscal policy. While the Federal Budget for FY25 is now under implementation, several procedural aspects are still being clarified and are expected to be settled in July.
Despite these headwinds, macroeconomic signals are cautiously improving. The Pakistani Rupee has stabilised following currency management reforms, and inflation has eased from previous highs. These factors, combined with the government’s renewed focus on attracting foreign direct investment (FDI), are expected to boost confidence across manufacturing, energy, and retail sectors.
To support customers navigate the immediate impacts of transport and regulatory disruptions, we implemented contingency solutions at key logistics hubs. Temporary cross-docking options and short-term storage capacity were introduced to facilitate cargo flow when overland movement was restricted. Additionally, we deployed overflow parking zones for containerised vehicles, allowing continued access and staging during route closures.
These actions helped ensure cargo remained accessible even during prolonged stoppages, reducing demurrage risk and providing alternative options for last-mile delivery planning.
As a result of recent volatility, many customers in Pakistan have begun adapting their logistics strategies. Several businesses have increased inventory cover by 7–14 days to ensure continuity during inland transport delays. We recommend maintaining this buffer through the monsoon season and into the post-budget period as policies stabilise.
Customers are also advised to stay informed on fiscal regulation changes—particularly around customs duties and sales tax implementation—as July progresses. Our local teams are available to advise on the latest changes and support flexible routing and warehousing options as needed.
With macroeconomic indicators stabilising and the political climate showing signs of normalisation, the outlook for H2 2025 is more encouraging. The government has outlined investment incentives targeting energy, logistics, and construction, all of which could stimulate trade and import volumes in the coming quarters.
Demographic trends also support a positive trajectory. With one of the region’s youngest populations and rising urbanisation, consumer appetite for FMCG, electronics, and construction materials is likely to increase over time. These fundamentals suggest the potential for a medium-term growth outlook across import and distribution sectors.
We remain closely engaged with local stakeholders and are committed to helping customers adapt with resilience as the regulatory and economic landscape evolves.
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Visit our Insights Hub where we share the latest trends in supply chain digitization, sustainability, growth, resilience, and integrated logistics.
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Check Maersk market updates from across other regions by clicking here.
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Exclusive: Regulators warned Air India Express about delay on Airbus engine fix, forging records – Reuters
- Exclusive: Regulators warned Air India Express about delay on Airbus engine fix, forging records Reuters
- Air India Express: Safety Lapses and Regulatory Risks Threaten Turnaround Prospects AInvest
- Air India Express Failed to Comply with EASA A320 Engine Directive Aviation A2Z
- Air India Express takes action against staff responsible for delay in replacing Airbus engine parts The New Indian Express
- Air India Express admits lapse in engine maintenance after DGCA’s flak and report of ‘forged records’ India TV News
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PSX closes at new record high as bulls add over 1,200 points
KARACHI — The Pakistan Stock Exchange (PSX) extended its record-breaking rally on Friday, with the benchmark KSE-100 Index surging by 1,262.41 points, or 0.97%, to close at an all-time high of 131,949.06.
Buying gained momentum during the second half of the session, pushing the index up by nearly 1,100 points by 3:55pm. Market activity was buoyed by strong interest in key sectors including automobile assemblers, cement, commercial banks, oil marketing companies, and power generation.
Index-heavyweight stocks such as HUBCO, SSGC, WAFI, HCAR, HBL, MCB, and MEBL traded firmly in the green, contributing to the rally.
The latest bullish spell follows Thursday’s gains, when the benchmark index rose by 342 points (0.26%) to settle at 130,686.66. Market sentiment has remained optimistic amid recent macroeconomic policy developments, including the government’s decision to lower National Savings Scheme rates, reduce electricity tariffs for industrial users, and accelerate privatisation of state-owned enterprises.
Analysts said improved clarity on fiscal and structural reforms continues to draw institutional and retail investors to the market, as the KSE-100 inches closer to the 132,000 milestone.
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Bilal Fibres eyes diversification as operations remain halted
LAHORE — Bilal Fibres Limited (PSX: BILF) has reported that its core operations remained suspended during the period ended June 30, 2025, with no business activity undertaken.
In a move aimed at revival, the company’s Board of Directors has approved the establishment of a new division focused on emerging sectors such as information technology, health technology, and electric vehicles (EVs), according to the company’s progress report issued to the Pakistan Stock Exchange.
The strategic shift was first communicated to shareholders on May 16, 2025, marking a potential transition from traditional manufacturing to a more diversified business model.
To operationalize this pivot, Bilal Fibres is currently in discussions with key stakeholders, including sector-specific technical experts and consultants, to finalize a comprehensive business plan. Once completed, the plan will be disclosed to shareholders via the Pakistan Unified Corporate Action Reporting System (PUCARS).
The initiative signals the company’s intent to re-enter the business landscape through forward-looking industries, leveraging innovation to rebuild long-term sustainability.
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Bulls in Charge at PSX as KSE-100 Index Surges 6% This Week – ProPakistani
- Bulls in Charge at PSX as KSE-100 Index Surges 6% This Week ProPakistani
- PSX nears 132,000 as bulls charge on The Express Tribune
- PSX extends record rally on robust buying Dawn
- PSX soars: KSE-100 gains 7,570 points in first week of fiscal year Daily Times
- A bull market is a good time Business Recorder
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Clyde & Co advises Urban&Civic on strategic acquisition of Todds Nursery : Clyde & Co
Clyde & Co is pleased to have advised Urban&Civic, the UK’s leading Master Developers of large-scale strategic sites, on its acquisition of Todds Nursery, a specialist family run supplier of mature trees, shrubs and hedging plants.
The deal secures a vital supply chain asset for Urban&Civic, supporting its landscape-led development model and environmental goals. With over 22,000 trees across 72 hectares, Todds Nursery will provide Urban&Civic long-term access to high-quality stock, which will deliver cost savings and improve control over procurement timelines while continuing to serve the wider industry.
Clyde & Co advised on all corporate aspects of the transaction, drawing on its sector knowledge and experience in corporate acquisitions. The deal reflects the firm’s ongoing commitment to supporting clients with practical, commercial focused advice – particularly in transactions involving long-term operational and sustainability benefits
“This was a great opportunity to support a valued client on a strategically aligned acquisition. The deal had important operational and environmental dimensions, and we’re proud to have delivered it smoothly and efficiently.” – Simon Gamblin
The Clyde & Co team was led by Corporate Partner, Simon Gamblin with the assistance of Associates, Nii-Lante Bannerman and Daniel Li.
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US Plans AI Chip Curbs on Malaysia, Thailand Over China Concerns
(Bloomberg) — President Donald Trump’s administration plans to restrict shipments of AI chips from the likes of Nvidia Corp. to Malaysia and Thailand, part of an effort to crack down on suspected semiconductor smuggling into China.
Most Read from Bloomberg
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Powered by Money.com – Yahoo may earn commission from the links above. A draft rule from the Commerce Department seeks to prevent China — to which the US has effectively banned sales of Nvidia’s advanced AI processors — from obtaining those components through intermediaries in the two Southeast Asian nations, according to people familiar with the matter. The rule is not yet finalized and could still change, said the people, who requested anonymity to discuss private conversations.
Officials plan to pair the Malaysia and Thailand controls with a formal rescission of global curbs from the so-called AI diffusion rule, the people said. That framework from the end of President Joe Biden’s term drew objections from US allies and tech companies, including Nvidia. Washington would maintain semiconductor restrictions targeting China — imposed in 2022 and ramped up several times since — as well as more than 40 other countries covered by a 2023 measure, which Biden officials designed to address smuggling concerns and increase visibility into key markets.
All told, the regulation would mark the first formal step in Trump’s promised overhaul of his predecessor’s AI diffusion approach — after the Commerce Department said in May that it would supplant that Biden rule with its own “bold, inclusive strategy.” But the draft measure is far from a comprehensive replacement, the people said. It doesn’t answer, for example, questions about security conditions for the use of US chips in overseas data centers — a debate with particularly high stakes for the Middle East. It’s unclear whether Trump officials may ultimately regulate AI chip shipments to a wider swath of countries, beyond the Malaysia and Thailand additions.
The Commerce Department didn’t respond to a request for comment. The agency has offered few specifics about its regulatory vision beyond what Secretary Howard Lutnick told lawmakers last month: The US will “allow our allies to buy AI chips, provided they’re run by an approved American data center operator, and the cloud that touches that data center is an approved American operator,” he said during congressional testimony.
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Firm Secures Significant Arbitration Victory for Kleros Capital
Squire Patton Boggs has secured a significant victory for investment company Kleros Capital Partners Limited in an arbitration against Tata Power, with a tribunal ordering Tata to pay $490.32 million in damages as well as interest and legal costs under Singapore International Arbitration Centre (SIAC) rules.
The dispute arose from claims made by Kleros that Tata Power breached confidentiality and non-circumvention clauses related to a potential coal mining partnership in Russia.
The Squire Patton Boggs team was led by partner Barry Stimpson, assisted by Christopher Bloch, Angela Yap and Henry Spence.
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