TPP: What is it and why does it matter?
US President-elect Donald Trump has promised to abandon the Trans-Pacific Partnership (TPP) trade deal as soon as he takes office.
The TPP, signed by 12 countries in February, covers 40% of the world’s economy. But all 12 nations need to ratify it, and Mr. Trumps comments suggest that simply won’t happen.

German Chancellor Angela Merkel Speaks Up for Trade Pact Opposed by Trump
U.S. president-elect has pledged to pull out of 12-nation Trans-Pacific Partnership deal
BERLIN—German Chancellor Angela Merkel on Wednesday expressed concern about the dim prospects for a sweeping trade pact between the U.S. and Asia, which President-elect Donald Trump opposes, and argued that Europe should keep pushing for trade liberalization.

Why U.K. Is Struggling to Find the Path to ‘Brexit’
LONDON — A recently leaked memo from a consultancy firm has highlighted cabinet divisions over Britain’s withdrawal from the European Union, while suggesting that the government may need six additional months to settle on a plan and to recruit tens of thousands of extra civil servants.®ion=stream&module=stream_unit&version=latest&contentPlacement=6&pgtype=collection&_r=0

CMA CGM suffers heavy loss in third quarter
CMA CGM has reported a US$268m loss in the third quarter of 2016, compared to a US$51m profit recorded in the same period last year.


Report: Hyundai Heavy’s Union Considering Strike
The labor union of South Korea’s shipbuilder Hyundai Heavy Industries (HHI) said that it would launch an industrial action as a response to the company’s plans to split its businesses, according to Yonhap News Agency.
The union claims that the latest development in HHI’s plans to reorganize its businesses into six separate companies next year would lead to a sell-off.