Late British tech tycoon Mike Lynch's sunken superyacht will be recovered from the sea off the coast of northern Sicily this weekend, the company leading the salvage operation said on Wednesday.The 56-metre-long (184-foot) Bayesian was moored off the small port of Porticello, near Palermo, in August last year when it sank during a severe and sudden weather event, killing seven people
A 90-day trade thaw between Washington and Beijing could prove to be a welcome reprieve for the U.S. freight industry, as importers rush to lock in shipments ahead of the busy back-to-school period, experts said.The $906 billion U.S. trucking industry, in particular, has been facing a nearly three-year-long slowdown due to overcapacity
The investigation into the deaths of British tech tycoon Mike Lynch, banker Jonathan Bloomer and members of their families who perished when a luxury yacht sank last year will take many months, a British inquest was told on Tuesday.Lynch, his 18-year-old daughter Hannah and Morgan Stanley International chairman Bloomer and his wife Judith died when the superyacht "Bayesian" sank during a severe