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The Wall Street firm won approval for an asset management venture with local megabank ICBC, despite selling its shares in the lender for a bumper profit nearly a decade ago. Its painstakingly diplomatic exit leaves the door open for Goldman to rehash its old money-making mantra.
Sea freight costs have more than tripled in the past year. Ports are backed up, containers are in the wrong place, and demand is picking up. Supply-chain disruptions won’t last forever. But, going by what companies like Maersk are seeing, pressures may persist for most of 2021.
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