Maersk is spending more than $1bn to push deeper into air freight, as the world’s largest container shipping group and one of the biggest winners of the global supply chain crisis looks to strengthen its logistics offering.

The Danish group is buying Senator International, a German freight forwarding company that is strong in air cargo, in a $644m deal. It is also leasing three new aircraft from next year and buying two more in 2024.

The acquisition came as Maersk on Tuesday released third-quarter results that underlined how the group has benefited from the sky-high freight rates unleashed by the

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Jes Staley is stepping down as Barclays’ chief executive following a regulatory investigation into the way he described his relationship with disgraced financier Jeffrey Epstein.

In a statement on Monday, the bank said it was made aware of the results of the investigation by UK financial regulators the FCA and PRA on Friday and that: “In view of those conclusions, and Mr Staley’s intention to contest them, the board and Mr Staley have agreed that he will step down from his role as group chief executive and as a director of Barclays.”

It added: “It should be noted that the

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Apple selects 15 Black- and Brown-owned businesses for Impact Accelerator – Apple

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