Weekly Newsletter

Brazil's central bank announced to raise benchmark interest rate to 13.75%

Recently, the Central Bank of Brazil announced that it will raise the benchmark interest rate by 50 basis points to 13.75%. It was the 12th consecutive rate hike by Brazil's central bank since March 2021 and reached the highest level since November 2016. To avoid long-term inflation risks, the bank hinted that it will continue to implement sharply tightening monetary policy.

{C}U. {C}S. retail goods imports may fall by 1.5% year-on-year

The National Retail Federation said total retail shipments arriving at major U.S. ports between July and December could reach 12.8 million containers (measured in 20-foot equivalent units), which would be 1.5% lower than the same period last year. Still, it is still expected to import a total of 26.3 million containers of retail cargo this year, 2% higher than the record 2021.

Dutch inflation hits 47-year high of 10.3%

The Netherlands' inflation rate reached 10.3% in July this year, the highest since 1975, due to rising energy prices and rent prices, according to the latest figures released by the Netherlands National Statistics Office. The main factors driving up the inflation rate in the Netherlands are rising energy prices and rent prices.

Amazon Europe will adjust VAT service fees

A few days ago, Amazon Europe issued an announcement saying that starting from October 1, 2022, Amazon will adjust the Amazon VAT service fee, providing 5%, 5%, 20%, 30% discount and simplified VAT process.

South Korean shipping companies ranked first in the world in terms of orders received in July

According to data released by Clarksons, an analysis agency for the British shipbuilding and maritime industry, the global order volume for new ships in July was 2.1 million revised gross tons (CGT), of which South Korea received 1.16 million CGT (19 ships), accounting for 55%, ranking first The world's first. As of the end of July, the total number of hand-held orders in South Korea increased by 26% year-on-year, maintaining the growth trend for 11 consecutive months.

MSC announces start of new West Africa regional service

Mediterranean Shipping Company (MSC) has announced the launch of a new route to Bissau, the capital of Guinea-Bissau, on the coast of West Africa, via Las Palmas, the capital of Gran Canaria, one of Spain's Canary Islands. The fortnightly service will connect the country's key trading partners across Asia, Europe and the east coast of South America.

Shenzhen Xunlaitong specializes in shipping export from Shenzhen to Australia & New Zealand, Germany, Netherlands and more business

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