Charleston Takes Steps to Clear Backlog by Pausing Construction
After reports of persistent backlogs and congestion at the Port of Charleston, port officials highlight they are taking steps to…
China’s services activity growth hits 8-month low, Caixin PMI shows
China’s services activity expanded at the slowest pace in eight months and confidence hit a four-year low in June, dragged…
US jobs market reverting to pre-pandemic norms
Job openings rose to 8140k in May from a downwardly revised 7919k in April. This is above the 7946k that…
What is China’s planned financial stability law and how will it work?
China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial…
The Experience Economy: Consumers prioritise memories over material goods
Consumers today are increasingly spending their money on experiences such as music events and travel, rather than on physical products.…
Eurozone inflation ticks down in June
The eurozone’s inflation reading for June didn’t bring much that we didn’t already know. Services inflation was sticky at 4.1%…
Ukraine eyes debt deal before deadline, seeks to add GDP warrants, sources say
Ukraine told investors it still expects to succeed in its unprecedented aim of restructuring debt in the middle of a…
French candidates bow out in bid to block far-right
Opponents of France’s National Rally (RN) stepped up their bid to block the far-right party from power on Tuesday as…
German inflation slows in June
The just-released flash estimate of German inflation in June signals some easing of inflationary pressures, keeping the door open to…
Ship Recycling Market Caught Between a Rock and a Hard Place
Conditions in the ship recycling market have been quite challenging over the past week. In its latest weekly report, Best…