Author: Editorial Desk

Mahindra Logistics is set to present ET Edge SCM Fest 2025, with strategic partner ElasticRun and co-powered by Ascendas Firstspace and Blue Dart. As speed, sustainability, and smart networks redefine economic growth, the supply chain has become a core driver of business success. Reflecting this shift, the event will take place on 26–27 June 2025 at Taj Palace, New Delhi, bringing together industry leaders to shape the future of logistics and supply chain excellence. With the theme ‘Resilient Networks, Limitless Growth,’ this landmark initiative by ET Edge will convene over 150+ speakers, 1,500+ senior professionals, and 30+ hours of curated…

Facing a critical shortage of rare earth magnets due to restrictions imposed by China, India’s automotive industry is working with domestic and international companies to build a self-reliant magnet supply chain. Several firms, including Midwest Advanced Materials, Entellus Industries, and public sector enterprise Indian Rare Earths (IREL), have presented proposals to the Ministry of Heavy Industries, outlining plans to produce magnets within the country. According to sources, Heavy Industries Secretary Kamran Rizvi has reviewed these proposals as part of the government’s broader strategy to develop indigenous capabilities in magnet production. Midwest Advanced Materials detailed its plan to manufacture 500 tons…

Morocco has reached a new milestone in its agricultural export performance, with raspberry exports to the Middle East hitting 700 tons, three months before the close of the 2024/2025 export season, according to data from EastFruit. This record-breaking volume, achieved within the first nine months of the current marketing campaign, reflects the country’s growing dominance in the regional berry market. Key factors behind the surge include Morocco’s strong market presence during off-season periods in competing regions, consistently high fruit quality, and a focused trade approach targeting Gulf nations. The typical export window for Moroccan raspberries runs from August to June,…

The escalating conflict between Israel and Iran is raising serious concerns over global energy security, with Europe increasingly vulnerable to disruptions in liquefied natural gas (LNG) and oil supplies. As geopolitical tensions intensify, markets are already pricing in risks to global fuel flows, particularly through the Strait of Hormuz, a strategic chokepoint for a third of global oil and a fifth of LNG shipments. European energy prices are surging amid fears that gas fields, especially the Iran-Qatar shared South Pars field, could be targeted. The Dutch TTF, Europe’s main gas benchmark, rose to a three-month high near €41/MWh. Though the…

Türkiye has intensified efforts to deepen trade ties with the United Kingdom by organizing a focused trade mission in London to promote its household and kitchenware exports. The initiative, led by the Istanbul Chemicals and Chemical Products Exporters’ Association (IKMIB), brought together 16 Turkish companies for a full day of direct business-to-business meetings with British importers. The objective was to enhance Türkiye’s export access to the UK market, highlight its innovative product designs, and foster long-term commercial partnerships. Senior representatives, including the Turkish Trade Ministry’s Foreign Trade Specialist Melda Akoglu Sisman and IKMIB Board Member Ali Kucuk, joined the mission.…

India and Russia have announced a joint ambition to boost bilateral trade turnover to $100 billion, building on existing cooperation and charting new strategic pathways during the St. Petersburg International Economic Forum (SPIEF), held from 18 to 21 June. The high-level forum brought together key government figures and private sector leaders to explore enhanced partnerships in logistics, pharmaceuticals, finance, education, digital transformation, and scientific innovation. Notably, discussions highlighted the creation of sustainable logistics corridors and joint ventures in advanced technologies as key pillars of future collaboration. Sergey Cheremin, Minister of the Moscow Government and Head of the Department for External…

The Ministry of Industry and Trade (MoIT) has urged Vietnamese businesses to stay vigilant as rising Israel-Iran tensions threaten to disrupt global trade, according to a senior ministry official. Speaking at a press briefing in Hà Nội on June 19, Trần Thanh Hải, Deputy Director of the MoIT’s Agency of Foreign Trade, stressed the importance of continuous monitoring through the Ministry of Foreign Affairs, the MoIT, and reliable news sources. This, he said, would help companies assess risks and adjust their operations proactively. Hải underscored the need for thorough reviews of export-import contracts, highlighting key clauses on freight charges, delivery…

Chhatrapati Shivaji Maharaj International Airport (CSMIA) has achieved a record by exporting 3,624 metric tons of Indian mangoes to top global cities, including London, New York, and Toronto. The mango export underscores the rising international appetite for India’s famed ‘King of Fruits.’ Renowned for their aroma, sweetness, and diverse varieties such as Alphonso, Kesar, and Banganapalli, Indian mangoes continue to charm consumers around the world. This year’s surge in exports marks a major rise over previous years, driven largely by the strong presence of the Indian diaspora and growing global appreciation for the fruit’s exceptional quality. London received the largest…

China is rapidly expanding its Cross-border Interbank Payment System (CIPS), welcoming more financial institutions from Africa, Central Asia, and the Middle East as part of its wider effort to internationalize the yuan and reduce reliance on the U.S. dollar. During a recent ceremony in Shanghai, six new institutions officially joined CIPS as direct participants: the African Export-Import Bank, First Abu Dhabi Bank, South Africa’s Standard Bank, Singapore’s United Overseas Bank, Eldik Bank of Kyrgyzstan, and Chongwa (Macau) Financial Asset Exchange. The expansion marks a significant milestone in China’s strategic effort to offer a viable alternative to the SWIFT system, which…

Shell Chief Executive Wael Sawan has cautioned that any escalation in the conflict between Israel and Iran could have a major impact on global trade, particularly through potential disruptions in the Strait of Hormuz (a vital corridor for global energy shipments). Speaking at an energy conference in Tokyo, Sawan noted that Shell has contingency plans in place should the situation deteriorate further. “If that artery is blocked, for whatever reason, it has a huge impact on global trade,” Sawan said, referring to the Strait of Hormuz, through which about a quarter of the world’s oil passes. He also expressed concerns…