The AI-building boom increased China’s exports more than expected last month, the country’s official purchasing managers index (PMI) showed.
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CHINA IS THE IRAN WAR’S BIG WINNER, STUDY SAYS
China’s combination of large fuel stockpiles and widespread renewable energy installations allowed it to weather the energy price shock of the Iran War better than other Asian nations, a new study found.
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AI FORCES CONSULTING FIRMS TO SCRAP TRADITIONAL BUSINESS MODEL
For decades, consulting firms have charged by the hour – often hundreds of dollars – for their expertise.
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GAZA/LEBANON DEATH TOLL
Israel has killed over 73,100 people inside Gaza since the start of the genocidal war in October 2023, and more than 173,500 people have been reported injured.
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TRUMP COMPARES IRAN TO A ‘SPOILED CHILD’ BUT SAYS COUNTRY HAS ‘AGREED TO JUST ABOUT EVERYTHING WE NEED’
President Donald Trump said in an interview with CNBC that Iran has agreed to “just about everything” his administration needs but was vague on the details given that Iran has not officially announced any concessions involving its red line demands.
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COLOMBIA, PERU JOIN LIST OF LATIN AMERICAN COUNTRIES TO ELECT ‘FAR-RIGHT’ CANDIDATES ALIGNED WITH TRUMP
Colombia and Peru held recent national elections that saw candidates closely aligned with President Donald Trump win office, which WSWS noted became the latest countries in Latin America to fall into the ‘far-right’ camp with Washington.
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OCEAN FREIGHT RATES JUMP AS NEW U.S. TARIFFS LOOM
Exporters are rushing their products to U.S. customers ahead of a variety of new U.S. tariffs expected to take effect this month.
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JAPAN “READY TO ACT” AS YEN PLUNGES TO 40-YEAR LOW
The Japanese yen fell below ¥162 to the dollar on 29 June, its weakest since December 1986, as the Iran War’s fuel price shock sharpened the country’s struggle to wrangle inflation.
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EUROZONE INFLATION SETTLES BACK BELOW 3 PERCENT
The Eurozone’s headline inflation rate in June was 2.8 percent, down from 3.2 percent in May and moving back closer to the European Central Bank’s (ECB’s) 2-percent target rate.
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EUROPE FACES WINTER WITH GAS STOCKS LOWEST IN 15 YEARS
Europe is scrambling to rebuild its natural gas reserves from their lowest levels since 2011 as winter approaches and crucial gas supplies are still constrained because of the Iran War.