Economy

China’s factory activity in June contracted for a third month, while non-manufacturing activity was at its weakest since Beijing abandoned its strict “zero Covid” policy late last year.The latest data points to a patchy recovery in the world’s second-largest economy as the growth momentum fizzles.The official manufacturing purchasing managers’ index (PMI) came in at 49.0… […]

A farmer collecting grain from a combine harvester during the wheat harvest on a farm near Benfleet, UK, on Monday, Aug. 12, 2024. Bloomberg | Bloomberg | Getty Images The global commodities market has been volatile this year, with prices remaining largely elevated. Orange juice and cocoa futures surged to record highs in the first […]

A carabinieri vehicle parked near the harbor where search continues for missing passengers after a yacht capsized on August 19, 2024 off the coast of Palermo, Italy. Vincenzo Pepe | Getty Images The chairman of Morgan Stanley International, Jonathan Bloomer, British tech entrepreneur Mike Lynch and four others are missing after a luxury yacht sank […]

A 7-Eleven convenience store, operated by Seven & i Holdings Co., in Kawasaki, Japan, on Monday, Aug. 19, 2024. Bloomberg | Bloomberg | Getty Images Circle K operator Couche-Tard Food’s proposal to acquire Japanese rival and 7-Eleven owner Seven & i Holdings Co. is likely to attract antitrust scrutiny, particularly in the U.S., according to […]

Bernard Meyer lives with his wife and two daughters in Lithuania. Bernard Meyer Bernard Meyer moved to Lithuania from the U.S. just over a decade ago — and says he’s learned one key life lesson living in the country: how to have better work-life balance. Lithuania, located in northeastern Europe, was named the world’s happiest […]

Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. Tayfun Coskun | Anadolu Agency | Getty Images Alaska Airlines said its plan to acquire Hawaiian Airlines has cleared the U.S. Justice Department after the period for antitrust regulators […]

The People’s Bank of China set the yuan trading mid-point on June 28 at its weakest in eight months.Sheldon Cooper | SOPA Images | LightRocket via Getty ImagesTop currency officials in Asia are pushing back on bets that sent their currencies to multi-month lows this week, deepening their underperformance for the year.Japan finance officials have… […]

The headquarters building of Micron Technology Inc. stands in Boise, Idaho, U.S.Matthew Staver | Bloomberg | Getty ImagesShares of Asian chipmakers rallied on Thursday after Micron Technology’s bullish outlook overnight, which indicated the sector’s supply glut may finally be easing.The U.S. chipmaker reported third quarter earnings that beat estimates, thanks to higher demand for its… […]

Huawei Technologies Chief Financial Officer Meng Wanzhou reacts as she leaves her home to attend a court hearing in Vancouver, Canada, August 10, 2021.Jennifer Gauthier | ReutersSHANGHAI — Huawei’s Chief Financial Officer Meng Wanzhou said Wednesday that applying 5G technology to business was more difficult than she had expected.One of the expectations for 5G connectivity… […]

After a recent landslide vote of union members, the ILWU Canada has served notice it plans to strike at the country’s West Coast ports starting on July 1. The Canadian Labor Code requires three days’ notice to announce a strike. The notice came on Wednesday.Over 99% of ILWU Canada union workers critical for West Coast… […]