Employees gather outside the Bridgestone plant in Bethune, France, on Thursday. Associated Press
The bitter trade war between China and the United States kept Asian factory activity mostly in decline in August, business surveys showed, strengthening the case for policymakers to unleash fresh stimulus to fend off recession risks.
China’s factory-gate prices shrank at the sharpest pace in three years in August, falling deeper into deflationary territory and reinforcing the urgency for Beijing to step up economic stimulus as the trade war with the United States intensifies.
China’s factory activity likely expanded again in December on stronger external demand and an infrastructure push at home, but the pace of growth is set to ease as markets await more certainty
A fire official said three people were rescued from the debris of the building in Peera Garhi area in western New Delhi. Thirty-five fire engines were at the site, and the rescue operation was continuing for some people feared trapped there.
Aircraft manufacturers are hit by the devastating impact of the coronavirus pandemic on the aviation industry. The number of global commercial aircraft orders was zero during the month of September.
Peugeot manufacturer PSA Group returned to revenue growth in its core autos division in the third quarter, recovering from a slump during coronavirus lockdowns, though the prospect of new restrictions hit French shares.
The Bank of Japan (BOJ) trimmed its economic growth and inflation forecasts for the current fiscal year (2020-21) on Thursday but offered a more upbeat view on the recovery outlook, signalling that it has delivered enough stimulus for the time being.
London’s Heathrow is no longer Europe’s busiest airport, ceding its long-held crown to Paris during the pandemic and blaming government inaction for its passenger numbers plunging even more than rivals. The COVID-19 continues to crush demand for flying and Heathrow