British manufacturing recorded its steepest decline in six months, with the suspension of production at Jaguar Land Rover (JLR) plants intensifying pressures already weighing on the sector. Data from S&P Global showed the manufacturing purchasing managers’ index (PMI) fell to 46.2 in September, down from 47 in August, confirming earlier…
Eurozone inflation nudged above the European Central Bank’s target for the first time since April, hitting 2.2% in September.This marks a significant moment as price pressures, particularly in services and energy, show signs of persistence.Despite this, the ECB is poised to keep interest rates steady at 2% for the third…
The machinery of the US government is grinding to a halt. As a bitter political impasse over federal spending deepens in Washington, a partial government shutdown is set to begin next week, a self-inflicted crisis that will sideline hundreds of thousands of federal workers, halt a vast array of government…
Dow futures tanked 230 points on Wednesday as the government entered its first shutdown in nearly seven years, stirring market unease.The sentiment was seen across all US stock futures as the S&P 500 futures slipped 50 points, while Nasdaq futures took a sharper plunge of over 180 points.The investors turned…
Taiwan has firmly rejected a proposal from Washington that the US should produce half of the semiconductors it consumes, signalling a deeper layer of complexity in ongoing trade discussions between the two economies. Vice Premier Cheng Li-chiun confirmed that the demand came from the US side and that Taiwan had…
Intel’s long-promised semiconductor facility in Ohio, once billed as a cornerstone of America’s bid to regain chipmaking dominance, has been pushed back to 2030. The project, dubbed Ohio One, is now drawing scrutiny from state leaders after US Senator Bernie Moreno demanded clarity on why the timeline has slipped and…
A tense and divided morning is unfolding across European markets, with stocks opening to a mixed and hesitant picture as the long-feared US government shutdown becomes a reality. This political crisis in Washington is casting a long and anxious shadow across the Atlantic, overshadowing a strong quarterly performance and forcing…
The phrase “Sell America” stormed into the headlines earlier this year. It seemed as if global investors were finally turning their backs on US markets for good.The term has been around since the 1980s, but this time, the trigger was President Trump’s “Liberation Day” tariffs in April. When stocks, bonds,…
Shares of British baker and fast-food chain Greggs rose 11.5% to 1,790p on Wednesday, topping the FTSE mid-cap index, after the company reaffirmed its full-year profit guidance despite a slowdown in underlying sales growth during the third quarter.By 9:10 am, the stock had given up some of the gains and…
Southeast Asia’s onshore wind power sector, long hampered by regulatory obstacles and reliance on fossil fuels, is on the cusp of a major transformation, with capacity projected to quadruple from 6.5 gigawatts (GW) in 2024 to 26 GW by 2030, according to a new analysis by Rystad Energy.“This resurgence is…