|
President Biden signed into law a $1.9 trillion coronavirus relief plan that will provide direct payments to many Americans, extend enhanced jobless aid and fund vaccine distribution efforts. (WSJ)
New filings in the U.S. for unemployment benefits are near the lowest level since the start of the pandemic. (WSJ)
The net worth of U.S. households rose to a record $130.2 trillion at the end of 2020. (WSJ)
Grab Holdings is in talks to go public through a SPAC merger that could value the Southeast Asian ride-hailing startup at up to $40 billion. (WSJ)
The European Union approved Johnson & Johnson’s single-dose coronavirus vaccine. (WSJ)
The EU is extending a mechanism allowing member states to block vaccine exports until the end of June. (WSJ)
Spain's new plan to regulate digital delivery platforms is the strictest in Europe. (WSJ)
Israel has targeted at least a dozen vessels bound for Syria and mostly carrying Iranian oil. (WSJ)
Indian conglomerate Darwin Platform Group joined the bidding for a majority stake in Shipping Corp. of India. (Dow Jones Newswires)
The U.K. Road Haulage Association says British export volume carried by trucks fell 47% in February from the year before. (The Loadstar)
Renault is selling its 1.5% stake in Germany’s Daimler for $1.44 billion. (Financial Times)
Retailer Big Lots is adding two distribution centers to its U.S. network. (Supply Chain Dive)
Adidas is planning for direct-to-consumer business to make up 50% of its net sales by 2025, up from 40% in 2020. (Retail Dive)
The new owners of the Lord & Taylor brand plan to revive the retailer next month as an online-only store. (Women’s Wear Daily)
Workers at a Sysco fast-food distribution unit say the company hasn't done enough to protect them from Covid-19. (CNBC)
Maritime-flag states the Marshall Islands and the Solomon Islands want to impose a $100 levy on greenhouse gas emissions from ships. (Lloyd’s List)
Hapag-Lloyd chief Rolf Habben Jansen says the pace of new orders for container ships needs to accelerate. (ShippingWatch)
DHL opened an express hub at the Milan Malpensa Airport. (Air Cargo News)
A Pennsylvania law gives delivery robots the legal rights of pedestrians on streets and sidewalks. (Car and Driver)
|