The Chinese Commerce Ministry has issued a statement in regard to the upcoming US import tariff hikes. The government has commented that it will take necessary measures to resolutely defend the interests of Chinese companies.
The US small business confidence index for August has revealed that US small business owners have reversed their prior return of optimism and are back to a broad pessimistic outlook.
Reuters has spotted a brokerage report that indicates that the Chinese electric vehicle maker BYD has revised its 2024 sales target upwards by 11.0%, as the firm intends to sell 4 million cars.
The Italian tire firm Pirelli and the German tech company Bosch are combining forces to create a new software-based intelligent tyre.
UPS has announced that the firm is set to buy the German based logistics firm Frigo-Trans. However, the price paid for the firm is not being disclosed to the public.
The Chinese government has offered the European Commission to reopen talks on trade in an effort to stop upcoming tariffs on Chinese made electric vehicles.
30,000 workers of Boeing have rejected the recently proposed labour deal that included a wage hike and promises to build aeroplanes in Seattle. Workers are going on strike on Friday.
This week, Microsoft hosted an IT security summit in an effort to improve security after the recent IT outage that was caused by the CrowdStrike software update.
The US aeronautics firm has made a labour deal offer to a 32,000 employee union. The deal includes a 25% wage increases and a commitment to build the next commercial aircraft in Seattle.
In August, exports from China have grown at the largest pace in almost one and a half year, as manufacturers have rushed to ship out goods, before trade partners enact new tariffs.
Google has lost the antitrust lawsuit in the European Union and has to pay a total of 2.42 billion Euro to the European Commission.
Almost 900 Chinese auto suppliers and EV makers have visited the Frankfurt auto show, as the German carmakers have reported that they have been loosing market share.
The US Bureau of Labor Statistics has published the monthly Producer Price Index data sets. In general, the data revealed higher than expected price growth at the producer level. The US Dollar is reacting to the news by surging.
Nomura Holdings have announced that the firm expects high revenue growth due to a major increase in trading, over the span of next three years.
The European Central Bank has cut its Main Refinancing Rate, which is the base rate for all Euro debt. Namely, the rate is the base borrowing cost for the European currency. The rate has been reduced from 4.25% to 3.65%, as expected by market analysts.
The ManpowerGroup has conducted a survey, which has revealed that hiring trends are set to remain unchanged in the fourth quarter of 2024.
Reuters has revealed that Boeing has delayed the supplying of 737 Max aeroplanes, as the firm still struggles with production.
The Chinese tech firm Huawei has reported that it has received orders for nearly 3 million new tri-fold phones. The new phones are seen as a direct competitor to the iPhone 16.
As the antitrust trial of Google started, the US Justice Department prosecutor has stated that Google aimed to dominate online advertising tech by controlling customers and competitors.
The US tech giant has introduced the iPhone 16. The new phone is set to use AI software in American English.
Due to reported underhood fires, the US National Highway Traffic Safety Administration has started an investigation of 781,000 Jeep Gladiator and Wrangler cars.
The United States Bureau of Labor Statistics has published the US monthly inflation data, the Consumer Price Index. In general, the inflation data met market expectations. Markets are reacting to the news by buying the US Dollar in favour of other assets.
The Chinese consumer inflation has increased in August, as prices grew at a rate not seen for half-a-year. The August CPI showed a change of 0.6%.
Markets have reduced their expectations for the second quarter growth numbers of the Japanese Gross Domestic Product. Most quote the tightening of monetary policy as the reason for the change of forecasts.