The port of Hamburg, Germany’s main export hub, is bracing for floods that may disrupt shipping and air traffic when storm fronts sweeping across the North Atlantic and North Sea reach landfall later today.
Municipal debt backed by American Airlines’ parent has gained more than 500 percent in two years, rewarding investors who withstood AMR Corp.’s bankruptcy filing and a failed suit to block a merger that would create the world’s biggest carrier.
Porter Airlines Inc.’s bid to more than double its flight network by flying Bombardier Inc. jets from the Toronto island airport suffered a setback after the city said it needs more time to study the proposal.
Companies that build private toll roads are pressing states to assume more financial risk of traffic not meeting expectations, a change that benefits the operators while threatening to increase taxpayer costs.
Cosco Pacific Ltd.’s Greek unit plans to offer cargo-train shipping to Hewlett-Packard Co. and Huawei Technologies Co. as of next year, boosting Piraeus port’s chances of becoming a bigger trade gateway.