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Australia to invest $12bn in missile manufacturing amid China’s rise
Canberra has prioritised domestic capabilities in defence strategy overhaul to meet ‘missile age’World - Financial Times - 5 hours ago -
StanChart to double investment in wealth management as profits rise
Wealth business had record quarter as revenues rose 32%Business - Financial Times - 2 hours ago -
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U.S. to Curb AI Investment in China Soon
Some technologies and financial commitments will be blocked, based on President Biden’s 2023 executive order to keep American expertise from helping the Chinese military.Business - Inc. - October 22 -
PwC profits fall in Asia after scandals in China and Australia
Big Four firm reports slower global growth as regional woes compound consulting industry slowdownBusiness - Financial Times - Yesterday -
U.S. proposals to curb AI, semiconductor investment into China under final review
The proposals are part of the Joe Biden administration's efforts to restrict the flow of U.S. capital, technology and expertise into China.Business - CNBC - October 22 -
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US cements rule to limit high-tech investments to China
The Treasury Department cemented a final rule on Monday that limits those in the United States from investing in certain technologies to China that could bolster the nation's military and threaten ...Politics - The Hill - Yesterday -
Amid Sewage Spills and Rising Prices, Calls to Nationalize Water in England
Four decades after privatization, calls to nationalize the water industry have swept across England and Wales amid sewage spills and rising household bills.Business - The New York Times - October 16 -
DJT stock soars amid Donald Trump's rise in the betting markets
Trump Media's shares have soared with the former President Donald Trump's rise in the betting markets.Top stories - CBS News - 20 hours ago -
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Oil price slides amid China slowdown and easing Middle East fears
Brent crude slides by almost $3.50 a barrel to below $74 after Opec cuts forecasts for demand growth. Business live – latest updates Global oil prices have tumbled by almost $3.50 a barrel ...World - The Guardian - October 15 -
Porsche AG Sales Fall Amid Slow EV Market, China Woes
Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.Business - The Wall Street Journal - 4 days ago -
US points finger at China amid reports of Trump, Vance phone hacks
The FBI and the Cybersecurity and Infrastructure Security Agency (CISA) are investigating alleged hacks by Chinese-affiliated actors amid multiple media reports that former President Trump's and ...Politics - The Hill - 4 days ago -
China's Top Oil Companies Turn in Mixed Results Amid Weak Demand
State-controlled producer PetroChina posted lower profit and revenue, rounding out mixed results for the country’s big three oil companies.Business - The Wall Street Journal - Yesterday -
Rapid rise of LNG trucking pushes China to peak diesel
Pace of adoption leaves Germany’s Daimler Truck dealing with ‘catastrophic’ sales dropWorld - Financial Times - October 14 -
U.S. Tech Firms to Invest More Than $8 Billion in U.K. Data Centers Amid AI Frenzy
Surging AI demand has led to a combined investment of $8.23 billion in U.K. data centers from four American tech companies.Tech - The Wall Street Journal - October 14 -
Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz
Venture capital firm Accel says that funding for cloud startups is set to rise 27% in 2024 thanks to a boost from AI — the first year of growth in three years.Business - CNBC - October 16 -
Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown
Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7%, briefly hitting two-year low. Shares in luxury goods brands slumped after Louis Vuitton ’s LVMH reported an ...World - The Guardian - October 16 -
ETFs that buy Chinese stocks struggle lately amid ‘lost faith’ in China stimulus
Chinese stocks are under pressure lately, with declines this month eroding gains from the massive rally sparked by China’s stimulus announcement in September.Business - MarketWatch - October 16 -
Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs
A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months.Business - CNBC - 5 days ago -
China Security Group Urges Review of Intel's Chips as Tech Tension With U.S. Rises
The Chinese industry group said that Intel’s products have shown security vulnerabilities and high failure rates.Business - The Wall Street Journal - October 16 -
Durable-goods orders retreat due to Boeing. Manufacturing slump goes on.
Orders at U.S. factories fell almost 1% in September — mostly due to fewer aircraft bookings — and showed little sign of a rebound in a slump-ridden manufacturing industry.Business - MarketWatch - 4 days ago -
Investing in Argentina
The election of Javier Milei has excited investors and raised spirits in the business community. But can Milei deliver on his promises and overcome congressional resistance to deliver the big ...World - Financial Times - October 23 -
10-, 30-year U.S. government debt rallies for second day on lower oil and weak manufacturing reading
Long-term Treasury yields fell for a second day on Tuesday as traders reacted to a weaker-than-expected manufacturing reading from the New York Fed and new developments from the Middle East that ...Business - MarketWatch - October 15 -
Harris claims Trump lost manufacturing jobs. Is that true? Here's a fact check.
Harris often cites accurate figures but omits that the pandemic caused manufacturing job losses in Trump's final year in office.Politics - CBS News - October 21 -
Biden administration puts $400M into manufacturing projects in coal communities
The Biden administration is putting $428 million into bolstering manufacturing projects in 15 communities whose economies have historically relied on coal plants or mining. The funds will go to 14 ...Politics - The Hill - October 22 -
Harris focuses on manufacturing plan in Michigan as Trump leads on economy
As Vice President Kamala Harris and former President Donald Trump vie for working-class votes, the candidates have each promised a manufacturing boom.Business - CNBC - Yesterday -
Investment apps: are they up to scratch?
Beware the time-consuming lure of gut-reaction trading from your handsetWorld - Financial Times - 5 days ago -
U.S. to send anti-missile system to Israel along with military crew to operate it
Intense overnight strikes in southern Lebanon; Israel releases Hamas documentsTop stories - NBC News - October 13 -
U.S. deploying troops, missile defense system to Israel
Secretary of Defense Lloyd Austin has authorized the deployment of a missile defense system to Israel to support the country's air defense following Iran's recent strikes. A U.S. official tells CBS ...Top stories - CBS News - October 14 -
U.S. sending missile defense system, troops to Israel
The U.S. is sending troops to Israel for the first time since the Oct. 7, 2023, attack by Hamas, along with a powerful air missile defense system. CBS News foreign correspondent Ramy Inocencio is ...Top stories - CBS News - October 14 -
Israel races to supply anti-missile shield
Intense war demands have left the IDF relying on the US to fill gaps in air defencesBusiness - Financial Times - October 15 -
FirstFT: Israel grapples with shortage of air defence missiles
Also in today’s newsletter, Nvidia share price hits new record and tensions rise on the Korean peninsulaWorld - Financial Times - October 15
