Profits earned by China’s industrial firms contracted in June after a brief gain the previous month, fuelling concern that a slowdown in manufacturing from a bruising trade war will drag on economic growth.
German industrial activity is sluggish and recent data point to slower growth in the service sector, the German Economy Ministry said, adding this suggested Europe’s largest economy would experience a weak general economic trend.
Environmental campaigners plan to disrupt the Frankfurt motor show this weekend as Germany’s car industry comes under increasing pressure to go green and abandon internal combustion engines.
Japan’s industrial output rebounded more than expected in July, but retail sales declined sharply and production was set to contract again next month, signalling a bumpy road for an economy facing growing global strains.
The price of aluminium in Shanghai traded at nine-month highs this week on the back of Chinese smelter outages. The Shanghai Futures Exchange (ShFE) contract has seen volumes accelerate and open interest surge on the higher prices,
Automation and AI-driven technologies are changing the face of Middle East’s warehousing industry, pushing advanced inventory control high up the industry agenda and sharpening cost-control, space optimisation and competitiveness,
Auto sales in China, the world’s biggest auto market, surged 365% in February over the same month a year earlier for their 11th month of gains, as the country leads the global industry’s recovery from the COVID-19 pandemic.
The planemaker also said it hoped to avoid consuming cash before M&A and customer financing in the second half of the year after a quarterly outflow of 4.4 billion euros as deliveries tumbled due to the coronavirus collapse in air travel.
Britain launched on Tuesday an independent review of banking capital and proprietary trading rules that is set to pit banks against their regulator as London’s powerful financial industry looks to boost its global competitiveness after Brexit.