News Snapshot:
According to a media report, China is experiencing its worst COVID outbreak, driven by the Omicron variety, which will have an influence on freight costs and worldwide inflation. In an article for the Italian news website Inside Over, Federico Giuliani, who covers Asian events for Il Giornale – Gli Occhi della Guerra, noted that because the cost of transportation has risen in recent years, freight prices are projected to rise owing to delays and waiting times at ports. It could have an economic impact on world trade. In 2021 the port handled 20 percent of China’s freight traffic. If the...
