Problems in key transportation arteries, the Panama Canal and the Red Sea, have raised the costs of transiting these maritime routes. Since the United Nations Conference on Trade and Development (UNCTAD) first published the Trade and Development Report 2023, both negative shocks have affected maritime routes, the backbone
Over the past several months, Pemex has delayed payments to Tenaris beyond the agreed due dates, resulting in significant credit exposure to Pemex, which represented approximately 20% of that private company’s overall credit exposure as of December 31, 2023. Historically, Tenaris has not had any significant write-offs due
Germany-based Robert Bosch led the world’s auto parts sales in 2022, followed by Denso Corporation and ZF Friedrichshafen AG. Bosch primarily produces powertrain solutions, chassis system control, electric drives, automotive multimedia, electronics, aftermarket products and steering. This was followed by Magna International, Contemporary Amperex Technology Co., Hyundai Mobis,
The top 15 OEMs accounted for approximately 80% or 72 million units, based on 2023 light vehicle production. These OEMs were: Toyota Motor Corporation. Volkswagen Group. Hyundai Motor Group. Renault-Nissan-Mitsubishi Alliance. Stellantis N.V. General Motors Company. Ford Motor Company. Honda Motor Company. Suzuki Motor Corporation. BYD Auto. Zhejiang
The global bamboo market size was valued at $61.52 billion in 2022 and is expected to reach more than $105.22 billion by 2032, according to Tantech Holdings. At that rate, the market would grow at a compound annual rate of about 5% during the period from 2023 to
China has become the largest new energy vehicles market in the world. According to the forecast of Equal Ocean, a well-known research institution in China, sales of new energy vehicles in China are expected to grow to 11.3 million units by 2025, and their penetration rate is expected