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Finance & Markets

Bessent at G20: growth key to solving debt crisis

U.S. Treasury Secretary Scott Bessent told finance leaders from the Group of 20 nations that economic growth is the solution to global debt problems as their meeting began in Asheville, North Carolina on Monday. Bessent said his message to the gathering focused on growth as the path forward for countries struggling with high debt levels ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

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Chicago PMI Falls Significantly, Signals Contraction in Manufacturing

The latest data release for the Chicago Purchasing Managers’ Index (PMI) has revealed a notable decline, raising concerns about the economic health of the manufacturing sector in the Chicago region.

  • Chicago PMI falls to 47.1, indicating manufacturing contraction
  • Below 50 reading suggests economic downturn in region
  • Unexpected decline impacts market perceptions negatively

Greece Retail Sales Growth Slows in June

Retail sales in Greece increased 1.9% year-on-year in June 2026, slowing from a downwardly revised one-year high of 6.7% in the previous month.

  • Greece's retail sales growth slowed to 1.9% in June 2026
  • Food sales increased by 2.5%, down from 7.9% in May
  • Automotive fuel sales declined to -6.9%, down from -0.4%

Contecon Manzanillo opens the port to ultra large container ships

Contecon Manzanillo S.A. de C.V. (CMSA), International Container Terminal Services, Inc.’s (ICTSI) Mexican unit, has paved the way for the Port of Manzanillo to accommodate ultra large container…

  • Contecon Manzanillo expands port capacity for ultra large container ships.
  • Terminal now handles ships up to 15.5 meters draft, 400 meters in length.
  • Approval follows dredging works to support deeper-draft vessels.

NYK to Acquire Full Ownership of YJK Solutions

NYK has reached an agreement with Fujitsu Limited to acquire all shares of YJK Solutions Co., Ltd. (YJK) held by Fujitsu, making YJK a wholly owned subsidiary of NYK (the “Transaction”).

  • NYK acquires full ownership of YJK Solutions from Fujitsu.
  • Acquisition set to close on October 1, 2026.
  • NYK aims to integrate YJK's IT strategy with its own.

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