Faced with the loss of U.S. trade as Donald Trump’s tariff war began to take hold, China’s factory output shrank in April by the most in the past 15 months, the Financial Times reported.
Tag: Economy
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SPOTLIGHT: TROUBLES CONTINUE FOR THE LUXURY INDUSTRY
Cosmetics giant Estée Lauder reported revenues 10 percent lower in its fiscal third quarter than a year earlier, falling to $3.55 billion.
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ECB LEADERS PLAY FAVORITES IN PROMOTIONS, STAFF SAYS
Just 19 percent of European Central Bank (ECB) employees think the bank “does a good job of promoting the most competent people,” a new Ipso survey found.
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CHINA’S AUTOMAKERS CONTINUE STRONG SALES IN APRIL
Coming off a robust first quarter, China’s “new energy” vehicle makers such as BYD and Xpeng reported strong sales continued through April.
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GLOBAL CRYPTO PLATFORMS PLAN OFFICES IN U.S.
Encouraged by Donald Trump’s enthusiasm for digital assets and his administration’s moves to rescind strict oversight measures, cryptocurrency trading platforms are actively looking to open outlets for U.S. customers.
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CHINA’S PRESIDENT URGES PUSH ON AI AND TOUTS “THE GLOBAL SOUTH”
During a 29 April visit to the city of Shanghai, Chinese president Xi Jinping called for continuing work to establish the country as a leader in artificial intelligence (AI) and emphasized China’s place as a leader of what he called the “Global South.”
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SPOTLIGHT: BIGS GETTING BIGGER
When Donald Trump won the race to the White House back in November, there were high expectations that the equity markets would spike, the value of the dollar would rise and it would be high times for the Merger and Acquisition Gang.
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SPOTLIGHT: LUXURY INDUSTRY’S PROSPECTS GO FROM BAD TO WORSE
Just when Donald Trump’s new tariffs are undercutting luxury industry revenues, a weak dollar and record gold prices are making things even worse.
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SPECIAL REPORT: TRUMP’S TARIFFS, THE UPS AND DOWNS, FOR BETTER AND FOR WORSE
Last week, Donald Trump raised the prospect that his slate of custom-tailored tariffs on more than 100 countries could be reimposed sooner than the early July deadline he set when he suspended the tariffs a day after announcing them.