Orders for Germany’s industrial goods dropped 5.8 percent in August from July, almost three times the 2-percent slip that economists in a Reuters survey had expected.
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EUROZONE MANUFACTURING ACTIVITY SHRANK IN SEPTEMBER
The 20-country Eurozone saw factory activity decrease last month, according to the Hamburg Commerce Bank’s purchasing managers index (PMI).
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GLOBAL FOOD PRICES SPIKED IN SEPTEMBER
Last month, food prices worldwide rose the fastest at any time in the last 18 months, with sugar’s price climbing the most, the U.N.’s Food and Agriculture Organization (FAO) reported last week.
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FACTORY ORDERS TICKED DOWN IN AUGUST
In August, new orders coming to U.S. factories were 0.2 percent lower than in July, the commerce department reported.
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SERVICE ECONOMY GROWTH ACCELERATED IN SEPTEMBER
The U.S. service sector grew more than expected last month.
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ECONOMY SPROUTED 254,000 NEW JOBS IN SEPTEMBER, BUT NOT GOOD AS IT SEEMS
The U.S. economy grew 254,000 additional nonfarm jobs last month, the largest monthly gain since March. The spurt startled economists, many of whom had expected to see 150,000 at most.
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GAZA DEATH TOLL
Euro-Med Human Rights Monitor issued a dire report on the conditions in Gaza to mark the one-year anniversary of Israel’s genocide inside the enclave.
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OIL PRICES JUMP AS MIDEAST WAR EXPANDS
The price of Brent crude oil, the benchmark for world oil prices, spiked more than 9 percent last week, trading above $78 a barrel after Israel bombed targets in Lebanon and Iran and Israel exchanged aerial attacks.
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GERMANS PROTEST AGAINST CONTINUED ARMS SUPPORT FOR UKRAINE, ISRAEL
Tens of thousands of Germans took to the streets on Saturday to voice opposition to Berlin’s weapons support for Israel and Ukraine to mark German Unity Day.
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ISRAEL’S MURDER INC. KILLED OVER 118,000 IN GAZA… AND THEY KEEP THE KILLING SPREE GOING
A group of 99 American healthcare workers, who served inside Gaza, penned an open letter to U.S. President Joe Biden that called for Washington to end its support of Israel’s brutal campaign inside the enclave—stating that the actual death toll is about three times the believed number.