China's market regulator approves ANA's takeover of Nippon Cargo with conditions
In a statement, the State Administration for Market Regulation said ANA, NCA and their merged entity must continue to honor existing agreements for cargo ground handling at Tokyo Narita and Osaka Kansai airports.
The decision was made to ensure the smooth operation of bilateral trade and safeguard the stability of regional industrial and supply chains, the regulator said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Top Gear
23 minutes ago
- Top Gear
The new Alpine A290 Rallye is a £62k customer competition car
First Look No extra power to report, but there's upgraded running gear, racier suspension and a tweaked sound generator Skip 3 photos in the image carousel and continue reading Say hello to the Alpine A290 'Rallye'. It's the brand's first all-electric customer competition car, intended for both one-make events and open races, and will debut later this year. Though the running gear has been adapted for motorsport, the front-driven e-motor remains unchanged, maintaining a punchy 215bhp and 221lb ft of torque. Alpine has instead fettled with the ECU and revamped the monitoring systems, allowing the 52kWh battery to work more efficiently. Advertisement - Page continues below What's more, the Rallye will get a different sort of sound generator to the standard car, which tunes in with the driver's throttle inputs to make… noise. Precisely what sort of noise, we'll have to wait and see. Looks the part too, no? The body gets a roof scoop and a black bonnet with pins, finished up with a funky blue and white livery. Can't forget those 18in Evo Corse alloys either, painted in the customary shade of white and wrapped around a set of Michelin rubber. You might like Tucked behind those will be 350mm brake discs at the front and 280mm ones at the rear, hooked up to a race-bred ABS control unit. Elsewhere, the modified suspension is bolstered by ALP Racing shocks, while a ZF self-locking limited-slip diff is there to help around the twisty bits. Inside, the Rallye will get an FIA-grade welded roll cage and Sabelt bucket seats. Most important of all is the inclusion of a hydraulic handbrake - imperative for maximum slip and slide around a tight loose gravel stage. Advertisement - Page continues below Customers will have their first chance to compete at a single-race event later this year in France, where Alpine will provide technical support where needed. At certain fixtures, the manufacturer will even have its own paddock and dedicated charging infrastructure in place. Talk about getting your money's worth, eh? Money that sits in the region of €59,990 pre-VAT - or circa £62k on this side of the Chunnel. Thank you for subscribing to our newsletter. Look out for your regular round-up of news, reviews and offers in your inbox. Get all the latest news, reviews and exclusives, direct to your inbox.
Reuters
36 minutes ago
- Reuters
US services sector rebounds but employment contracts again
WASHINGTON, July 3 (Reuters) - U.S. services sector activity picked up in June as orders rebounded, but employment contracted for the third time this year, underscoring the impact of policy uncertainty on businesses. The Institute for Supply Management (ISM) said on Thursday that its nonmanufacturing purchasing managers index (PMI) increased to 50.8 last month from 49.9 in May. Economists polled by Reuters had forecast the services PMI rising to 50.5. A PMI reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of the economy. Economists say businesses are in limbo over the uncertainty about what happens after President Donald Trump's 90-day pause on higher reciprocal tariffs expires next week. A 90-day temporary reduction in duties between the U.S. and China is due to lapse in mid-August. The ISM survey's new orders measure rebounded to 51.3 last month from 46.4 in May. The improvement in demand, however, failed to boost employment. The survey's measure of services employment fell to 47.2 from 50.7 in May. It has contracted in three of the last six months. That is consistent with other data that have suggested a loss of labor market momentum amid a hesitancy by businesses to step up hiring. The ISM has noted that "higher scrutiny is being placed on all jobs that need to be filled, whether it be a new position or backfill for an existing role." Businesses, however, continue to hoard workers after experiencing difficulties finding labor during and after the COVID-19 pandemic. That is keeping the labor market humming and the overall economy out of recession. But a period of sluggish growth and high inflation, commonly known as stagflation, remains a risk for the economy. The survey's measure of prices paid for services inputs eased to a still-high 67.5 from 68.7 in May, which was the highest level since November 2022. Economists expect the tariff boost to inflation to start showing in summer. Inflation has largely remained moderate because businesses have been selling merchandise accumulated before import duties came into effect, they said. But some believe competition amid softening demand could blunt some of the anticipated price hikes from tariffs. Economists expect the Federal Reserve to resume cutting interest rates in September. The U.S. central bank last month left its benchmark overnight interest rate in the 4.25%-4.50% range where it has been since December. Fed Chair Jerome Powell on Tuesday reiterated the central bank's plans to "wait and learn more" about the impact of tariffs on inflation before lowering rates again.
Auto Blog
an hour ago
- Auto Blog
6 Reasons Why Mazda Won't Like Nissan's New Electric Sedan in China
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Nissan has an emerging hit on its hands Nissan launched its $17,000 N7 electric sedan in China on April 28, and the model has already received over 20,000 orders. In May, Nissan delivered 3,034 N7s in China, while the Mazda EZ-6, a competing electric sedan starting at $19,600, sold 1,821 units. Nissan confirmed that the N7 will expand to global markets, but hasn't yet specified which countries. While the N7 and the EZ-6 didn't sell as many units in May as models like Toyota's new bZ3X electric SUV, the two vehicles are helping deliver the value that Chinese consumers are looking for in an electric sedan, and Nissan has Mazda beat beyond price. Both models are comparable in size, with the N7 measuring 194 inches in length and 74.6 inches in width, and the EZ-6 measuring 193.7 inches in length and 74.6 inches in width. The N7 offers two motor options with 215 and 268 horsepower, respectively, while the EZ-6's electric powertrain delivers 258 horsepower. An EZ-6 gets you from 0-62 MPH in 6.2 seconds, and the 268-horsepower N7 isn't far behind at 6.9 seconds. While Mazda offers an extended-range electric vehicle (EREV) EZ-6 that's fundamentally an electric car, this version also features a 1.5-liter gas engine used as a battery recharging generator, so we'll focus on the EV version. The N7 rounds out its value with solid range, tech, and trunk space Regarding range, the N7's two lithium-iron-phosphate (LFP) battery options—58 kWh and 73 kWh—yield 335 miles and 388 miles of range, respectively. Mazda's fully electric EZ-6 offers a 373-mile range. You'll pay $19,200 to $20,800 for a 73 kWh N7 in China, placing it neck and neck with the EZ-6 in terms of pricing. Those prioritizing charging speed will favor the N7, which charges from 10% to 80% in 19 minutes, three minutes faster than the EZ-6. Inside, Nissan's N7 contains a 15.6-inch center console display, while the EX-6 features a 14.6-inch infotainment screen. You'll also get more trunk space within an N7 at 17.8 cu ft compared to this Mazda's 12.3 cu ft. The EX-6 offers a bit more curb appeal than the N7 with a sportier look, but the N7's exterior seems to mirror the modern, minimalist EV design sentiment that consumers are after from brands like Tesla. While Nissan hasn't yet confirmed which markets the N7 will first expand to, Japan and Australia are rumored to be frontrunners, according to Carscoops. Other possibilities include Malaysia and limited European markets. In 45 days, Nissan has moved 10,000 N7 units, indicating promising growth from May's 3,034 deliveries. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Final thoughts Nissan has historically experienced struggles in the Chinese and American EV markets, so the N7's early momentum is a bigger win for the automaker than it may seem. Drivers in the U.S. can also look forward to Nissan's redesigned Leaf SUV that's debuting in the fall. The 2026 Leaf is expected to cost more than the N7, with an unconfirmed starting price in the mid-$30,000s, but it remains more accessible than many electric SUVs in its class. About the Author Cody Carlson View Profile
