US EditionMaersk lifts outlook as China exports defy trade tensions; UAE inks $22 port deal stake in Latakia
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China's exports fell 1.1% in October, marking the first decline since April, when the United States introduced new tariffs "in honor of Liberation Day", in the context of escalating trade tensions between the two countries. Data published by the Chinese Customs Administration show that, despite a temporary truce between Washington and Beijing, the negative effects on foreign trade are starting to be visible, notes the Financial Times. Until now,…
Maersk lifts outlook as China exports defy trade tensions; UAE inks $22 port deal stake in Latakia
Copenhagen (AFP) Nov 6, 2025 Danish shipping giant Maersk reported a drop in third-quarter net profit on Thursday, but it raised its outlook for the year as resilient Chinese exports buoyed container volumes despite global trade tensions. The company, widely considered a bellwether for global trade, said it now expects an operating profit of between $3 billion and $3.5 billion, compared to the previous range of $2 billi
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