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.
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.
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.”
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.
Among McDonald’s U.S. restaurants that have been operating for at least a year, sales grew by 0.8 percent in the year’s second quarter, the slowest increase since 2025’s first three months.
Lumber prices jumped during the COVID War when people locked down at home took on building and renovation projects and timber mills sent workers home.