News that the U.S economy lost 23,000 jobs in July gave investors new confidence that the U.S. Federal Reserve will not raise its interest rates next month.
Category: 11 August 2026
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SPOTLIGHT: BIGS GETTING BIGGER
EASYJET ACCEPTS APOLLO’S TAKEOVER OFFER Apollo Global Management has won its battle with Castlelake, another private equity firm, to take over British budget airline easyJet. Apollo will pay £7.15 a share, bringing the price to about £5.7 billion. The airline’s board and founder, also its largest shareholder, have approved the deal. The company has “carefully......
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SPOTLIGHT: THE GLOBAL ADVANCE OF CHINA’S TECHNOLOGY
CHINA HAS BECOME “THE FACTORY FOR FACTORIES” Long a key supplier of consumer items, China is becoming a key exporter of the high-value machinery and other capital goods that factories around the world need to make things, such as cars and robotic arms. “In the past, advanced manufacturing was led by Germany and Japan, but......
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WELL-OFF CHINESE CHOOSE NEW LUXURY SPENDING
For years, China was the luxury industry’s growth engine as the country’s blossoming class of knowledge workers showed off their newfound affluence by buying designer clothes, Rolex watches, and Mont Blanc fountain pens.
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TRUMP PILES NEW TARIFFS ON SOLAR PANELS AND COMPONENTS
On 6 August, Donald Trump signed a proclamation imposing new tariffs of 15 percent on imports of solar energy panels and their components, effective 4 December this year.
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EUROZONE FACTORY OUTPUT LEAPS TO A FOUR-PLUS-YEAR HIGH IN JULY
The manufacturing sector in the 21-member Eurozone turned in its best performance in July since early 2022.
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FUEL PRICES WILL REMAIN HIGH INTO THE FUTURE, OIL MAJORS SAY
After hostilities in the Persian Gulf cease, gasoline and diesel fuel prices will remain high and will continue to drive inflation higher, even as the price of crude oil falls, Chevron and ExxonMobil have warned.
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U.S. RESCUE OF JAPAN’S YEN SENDS WARNING SIGNAL ABOUT THE DOLLAR
When the U.S. treasury bought Japanese yen to prop up the yen’s value, the move was made as much out of self-interest as to help an ally’s economy, MarketWatch reported.
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NETANYAHU’S LIKUD’S KNESSET PICK CALLED TRUMP A ‘PIECE OF SHIT’ AND WANTS TO TURN GAZA INTO A PARKING LOT
Israeli Prime Minister Benjamin Netanyahu tapped Oren Dobronsky, a tech entrepreneur, as his first reserved slot on Likud’s Knesset list, which was seen as surprising to some because the Israeli-American businessman once called President Donald Trump a “piece of shit.”
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U.S. MILITARY-INDUSTRIAL COMPLEX REAPS THE REWARDS OF WAR
Steve Feinberg, the deputy secretary of War, wrote a memo urging top weapons producers in the U.S. to ramp up production and provide ways they plan to implement the buildup.