The UN trade and development body has warned that global maritime trade is entering a period of fragile growth, rising costs and mounting uncertainty.After firm expansion last year, seaborne trade volumes are forecast to rise by just 0.5 per cent in 2025, the slowest pace in years, according to UNCTAD's Review of Maritime Transport 2025, launched in Geneva.The slowdown comes as geopolitical tensio...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.