Boris Pistorius, the German defense minister, announced last week that the country plans to spend €10 billion on military drones in part of its effort to revamp its armed forces in the face of what it sees as a new threat.
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HOUTHIS SAY SENIOR MILITARY OFFICIAL WAS KILLED IN ‘ISRAELI-AMERICAN’ STRIKE
The Houthis announced last week that one of the group’s top commanders died in an airstrike coordinated between the Israelis and Americans, according to reports.
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HAMAS NOT DEFEATED
Hamas has taken an active role in Gaza amid the early stages of the ceasefire with Israel, proving to Israel that not only is it not defeated, but capable of filling the power vacuum left behind as Israeli forces move to the perimeter of the battered enclave.
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WHAT CEASEFIRE? ISRAEL CONTINUES TO KILL PALESTINIANS AT WILL IN GAZA
The U.S. told Israel to “show restraint” on Sunday after Tel Aviv accused Hamas of carrying out attacks on IDF troops inside Gaza, as both sides approached the deal with some level of expectation that Israel will ramp up its massacre campaign inside the enclave.
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CHINA STEPS UP CRACKDOWN ON U.S.-MADE COMPUTER CHIPS
After pressuring Chinese tech companies to use only domestically made computer chips, Beijing in mid-September ordered a halt to all purchases of chips made in the U.S.
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GERMAN CARMAKERS’ RESULTS SLIP ON WEAKNESS IN CHINA
A 5-percent gain in North American sales was not enough to offset a sharp 26-percent drop in purchases in China, resulting in Porsche posting a 6-percent decline in sales worldwide this year through September.
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TRUMP ESCALATES TRADE WAR WITH 100-PERCENT TARIFF ON CHINA
After Beijing tightened restrictions on exports of minerals and refining technologies crucial to U.S. high-tech industries, Donald Trump announced the U.S. will impose a 100-percent tariff on Chinese imports beginning 1 November and will place more stringent export controls on "any and all critical software".
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The U.S. government shutdown has resulted in 4,000 federal workers losing their jobs. Many of the layoffs took place at the Treasury Department and the Department of Health and Human Services, where approximately 1,600 were laid off. The Department of Education laid off 460 employees including most of the staff at the Office of Special Education and Rehabilitative Services.
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CONSUMERS ARE COOKING MORE AT HOME, BOOSTING GROCERY SALES
Continued inflation and worries about their economic future have more consumers eating at home, a worrying trend for the larger economy but a nice boost for the grocery business.