Mohammad Baqer Qalibaf, the Iranian speaker and chief negotiator, told state media on Tuesday that the Strait of Hormuz will remain closed until the U.S. agrees to the Iranian demands listed in the 17 June memorandum of understanding (MOU), which Tehran accused Washington of violating from the start.
A newly released poll found that more than 53 percent of voters in the U.S. said they feel worse off during President Donald Trump’s second term and indicated that they are more hopeful that Democrats would do a better job with the economy.
Flock cameras, which can read and track license plate numbers, have been a source of contention in cities across the U.S. and have been sparking debate about how much civil liberties the public is willing to give up for the promise of safety.
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.
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......
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......
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.
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.
The manufacturing sector in the 21-member Eurozone turned in its best performance in July since early 2022.
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.