subdued

World’s Biggest Shipper Cuts 10,000 Jobs, Warns Of Subdued Global Trade

via Zerohedge: The shipping giant A.P. Moller-Maersk A/S reported a slide in profit and revenue for the third quarter, forcing the company to take a defensive position by eliminating upwards of 10,000 jobs as falling container rates and waning demand batter the global shipping industry, which could last through 2026. However, the shipper maintained its …

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