Factories in China feel some heat as demand in US and Europe slows

Pictured here on June 24, 2022, are workers making umbrellas at a factory in Jinjiang city, Fujian province, China. Yuan He | Future publication | Getty Images European sales for Guangdong-based coffee machine company HiBrew have slowed after a strong run last year, as pent-up global demand propelled purchases of Chinese consumer goods. According to … Read more

Upcoming inflation data ‘will be bad news again’, economist Ed Yardeni . warns

NEW ONESYou can now listen to Fox News articles! Yardeni Research President Edward Yardeni discussed what he thinks Americans should expect from upcoming inflation data, warning that “it will be bad news again.” The market veteran told “Sunday Morning Futures” in an exclusive interview that “lower wage workers are the ones pressured the hardest” by … Read more

Canada’s decision to return the turbine to Nord Stream will reinforce Russia’s sense of impunity

The Ukrainian Ministry of Foreign Affairs and the Ministry of Energy express deep disappointment at the Canadian government’s decision to issue a permit for the return to Germany of a repaired turbine needed for the Nord Stream 1 gas pipeline. . This is stated in a relevant statement from the Ministry of Foreign Affairs, Ukrinform … Read more

Chelsea Manning bullish on Bitcoin technology, but ‘skeptical’ of economic impact

Chelsea Manning became interested in Bitcoin when the project was in its infancy, but not because of users’ disruptive ambitions or alleged payment networks. The American activist and whistleblower, who sent classified information to Wikileaks about the wars in Afghanistan and Iraq in 2010, said Bitcoin appealed to her passion for cryptography and the mathematics … Read more

US, West shouldn’t have twisted excitement over Sri Lanka crisis: Global Times editorial

Protesters gather at the Presidential Palace in Colombo, Sri Lanka, on July 9, 2022. Photo: IC Tens of thousands of protesters broke into the presidential residence in Sri Lanka’s capital, Colombo on Saturday. President Gotabaya Rajapaksa announced that he would resign on July 13 after being evicted from the residence. Prime Minister Ranil Wickremesinghe said … Read more

Why the battle to cut taxes is so hard to win

Mr Hunt is proposing an almost immediate reduction in corporate tax to 15 pc after telling The Telegraph that he would use the autumn statement to do so. Figures from the HMRC suggest that cutting 4 per cent of interest would cost the Treasury around £9.6 billion next year. Mr Javid’s proposal is more nuanced: … Read more

While experts are scaring everyone about interest rates, here are five reasons why they won’t rise as high as predicted

Rising costs for groceries and fresh food, exorbitant fuel prices and, on top of that, a series of punitive Reserve Bank rate hikes that add hundreds of dollars a month to the cost of an average mortgage. And to top it off, pretty much any expert you listen to will tell you there’s worse, a … Read more