Markets lookahead: Global manufacturing PMIs, SNB, and RBA rate decision
This week is packed with key economic data and events, including manufacturing and services PMIs from major economies, alongside interest rate decisions from the Swiss…
Boeing freezes hires, weighs furloughs to cut costs in labour strike | Labour Rights News
Boeing is freezing hiring and is weighing temporary furloughs in the coming weeks to manage costs as a strike by more than 30,000 Boeing workers…
Ratings agencies warn of downgrade if Boeing strike prolonged | Labour Rights News
Boeing’s management will likely need to access new sources of liquidity in the event of a prolonged strike.Fitch Ratings and Moody’s have joined S&P Global…
Boeing workers ‘ready to go on strike’ if demands unmet | Workers’ Rights News
Boeing’s United States West Coast factory workers stood in long lines to vote on Thursday on a much-criticised new contract, some loudly calling for a…
EU lists lower tariff on China-made Teslas as it revises duties | Trade War News
EU changes its punitive duties on imports of Chinese-made EVs, including those made in joint ventures with EU firms.The European Union has slashed its planned…
Bangladesh economy under pressure amid ‘uncharted’ political turmoil | Sheikh Hasina News
Hopes that interim government under Muhammad Yunus can restore stability and address country’s inequalities.The student protests that have rocked Bangladesh since July 1 and led…
In India’s Assam, ‘hopes dashed’ for high returns on oil palm production | Business and Economy
Jorhat, India: Priya Ram Duwarah has planted 60 oil palm seedlings in his half-hectare (1.2 acres) of agricultural land at Mohara village in Jorhat district…
Surging demand, soaring price tags lead to fake Ozempic doses | Business and Economy
Around the globe, the growing class of weight loss drugs called GLP-1 agonists has been a game-changer. This includes the blockbuster drug semaglutide, better known…
Yellen Rebuffs Trump Argument on Dollar Hurting US Manufacturing
Breadcrumb Trail LinksPMN BusinessIn former President Donald Trump’s view, a strong dollar is walloping US manufacturers. For Treasury Secretary Janet Yellen, it’s just not that…
China Defends Manufacturing Push, Says World Needs More EVs
Breadcrumb Trail LinksPMN BusinessChina’s manufacturing capacity is helping the world fight climate change and contain inflation, said Vice Finance Minister Liao Min, pushing back against…
Chip stocks shed $480bn on China trade fears, Trump’s Taiwan comments | US Election 2024 News
US told allies it is considering using the most severe trade curbs available if companies continue giving Beijing access to advanced semiconductor technology.Wall Street’s semiconductor…
Do tampons contain ‘alarming’ quantities of lead and arsenic? | Health News
Tampons, which are used by millions of women, may carry “alarming” amounts of toxic metals including lead, arsenic and cadmium, a study by academics in…
Feds pump $2 billion into boosting U.S.-based EV manufacturing
While Donald Trump dumps on electric vehicles and China becomes an “electric vehicle export behemoth,” the Biden administration aims to keep the budding EV industry…
Nike stock plunges on surprise forecast of drop in sales | Retail News
Nike’s stock has plunged as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant’s efforts…
Canada considering tariffs on Chinese-made EVs | Business and Economy News
Canada said the domestic car sector faced unfair competition from China’s ‘state-directed’ global oversupply of EVs. Canada is considering whether to impose import tariffs on…
Peter Dutton excoriated Labor in his budget reply while pumping up his own record. But did he stick to the facts?
Opposition Leader Peter Dutton's budget reply speech painted a stark picture of the country's direction under the Albanese government.Manufacturing insolvencies, bulk-billing rates, health spending and…
Ahead in the markets: manufacturing PMIs, UK CPI and Nvidia earnings
In the week ahead, global manufacturing PMIs, inflation data from the United Kingdom (UK), and Nvidia’s quarterly results will be in the spotlight for the…
Who benefits from US tariffs on Chinese imports? Experts weigh in | US Election 2024 News
The trade war between the United States and China continued this week with its latest salvo – a move that comes amid a heated race…
What is behind the insulin shortage in the US? | Business and Economy
Skye Murphy, who is 22 years old, has lived with type 1 diabetes since she was 14. In the past month, she learned that there…
Are Chinese electric vehicles taking over the world? | Explainer News
Western car makers, already bruised by the scramble among themselves for a share of the electric vehicle (EV) market, are facing a much more fearsome…