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US trade gap narrows in June on imports pullback
US trade gap narrows in June on imports pullback
by  AFP

The US trade deficit narrowed in June on a bigger pullback in imports than exports, according to government data released on Tuesday. The goods trade deficit with China declined to $22.8 billion, on a bigger drop in imports than exports.

UPS lowers 2023 forecast after Teamsters union agreement
UPS lowers 2023 forecast after Teamsters union agreement
by  AFP

UPS lowered its full-year outlook on Tuesday, citing the volume effects and higher costs of its recent labor negotiation as the shipping company reported a drop in quarterly profits. Profits in the second quarter dipped five percent to $2.1 billion, while revenues dropped 11 percent to $22.1 billion.

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