Germany’s automotive sector is shedding jobs faster than any other industrial branch, according to Destatis. Employment fell by 42,300, or 5.8%, to 691,500 in the first half of 2026, its lowest level since 2005. Farmers also warn that drought could damage this year’s harvest.
DDWOriginal★★★☆☆2026-08-14 15:04
Nenets Autonomous Region Governor Irina Gekht said the region will build a personnel-training system for oil production, including a specialized class opened with Lukoil. She described oil and gas as the region’s main economic sector and said educating local specialists could help retain young people while supporting infrastructure and Northern Sea Route development.
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TASSOriginal★★★☆☆2026-08-14 15:03
Pastime categories now account for a record share of US goods consumption, surpassing the highs reached during the pandemic.
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Bloomberg NewsOriginal★★☆☆☆2026-08-14 15:00
South Korea’s stock market has undergone a sharp correction, leaving many retail investors badly hurt. The KOSPI suffered one of its most severe adjustments on record between June and August, falling from above 9,000 to 5,500 before recovering partly. By the end of July, an estimated 1.2 million retail-investor accounts had faced margin calls.
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BBC ChineseOriginal★★★☆☆2026-08-14 14:59
The United States urged the European Union on Friday to loosen laws requiring large companies to take responsibility for the environmental and social effects of their global supply chains. Washington argued that the bloc had pledged such measures would not impede EU-U.S. trade.
R
ReutersOriginal★★★★☆2026-08-14 14:50
Oil prices were mixed on Friday but remained on track for a weekly rise after the United States threatened an indefinite naval blockade of Iran, stoking fears that crude supplies from the Middle East could be disrupted.
RReutersOriginal★★★★☆2026-08-14 14:35
US Defense Secretary Pete Hegseth says the Navy can sustain an “indefinite” blockade of Iranian ports, while Treasury Secretary Scott Bessent promises unprecedented economic pressure. Reports of worsening morale, mental-health problems and shortages aboard the USS Abraham Lincoln have prompted alarm from lawmakers. Iran says the Strait of Hormuz remains blocked until its conditions are accepted.
Transit through the Strait of Hormuz appeared close to a standstill after two additional ships were attacked there. The United States said it could keep a naval blockade of Iran in place indefinitely.
At least four Asian refiners bought U.S. crude this week, traders said, as the Strait of Hormuz remained effectively closed. The buyers are seeking alternative supplies for delivery later this year.
Iran will seek legal accountability for what it describes as crimes by the United States and Israel against Iranian citizens and civilian infrastructure, Ambassador Nassereddin Heidari told TASS. He said protecting Iran’s sovereignty and territorial integrity and defending the Iranian people’s rights are the country’s top priorities, while accusing Washington of abandoning diplomacy and choosing aggression during negotiations.
US Energy Secretary Chris Wright said 8-9 million barrels of oil are currently passing through the Strait of Hormuz each day. He disputed a ship-tracking report describing slow traffic, arguing that commercial satellite data is difficult to interpret accurately in a conflict zone.
President Trump is going into sales mode to pitch the economy to wary midterm voters.
BBloomberg NewsOriginal★★★☆☆2026-08-14 14:30
U.S. retail sales fell in July for the first time in nine months as the boost from large tax refunds faded, pointing to a marked slowdown in consumer spending at the start of the third quarter.
RReutersOriginal★★★☆☆2026-08-14 14:25
The Commerce Department said Friday that US retail sales dropped 0.6% in July from the previous month, marking the sharpest decline since May 2025.
US shoppers unexpectedly reduced spending in July as the lift from government tax refunds weakened. Commerce Department data showed retail sales fell 0.6% last month, the largest decline since May 2025, after a revised 0.2% gain.
BP plans to develop the second phase of Venezuela’s Loran offshore gasfield with two oil companies closely linked to the Trump administration. The move follows Donald Trump’s call for foreign oil firms to help rebuild the country’s fossil fuel industry and would be among the first large-scale foreign investments since the US ousted Nicolás Maduro in January.
TThe GuardianOriginal★★★★☆2026-08-14 14:04
The Central African Republic and the Democratic Republic of Congo plan to build a 645-metre bridge across the Congo River between Bangui and Zongo. The World Bank will fund the $60 million project, which aims to improve trade and transport links between the two countries.
FFrance 24Original★★★☆☆2026-08-14 13:52
After more than a decade running her business in Tehran, Nazanine has endured US sanctions, repeated currency collapses and two wars. She says this is the first time she has had to buy groceries on credit.
BBloomberg NewsOriginal★★★☆☆2026-08-14 13:00
Global equity funds recorded inflows for a 12th straight week through Aug. 12. Optimism about a strong earnings season, alongside weaker-than-expected U.S. payroll growth and cooling inflation, reduced expectations of a Federal Reserve rate hike and supported sentiment.
RReutersOriginal★★☆☆☆2026-08-14 12:15
A tongue-in-cheek private credit glossary circulating in the industry rebrands ABS, normally short for asset-backed securities, as “anything but software,” highlighting the push to invest beyond software.
BBloomberg NewsOriginal★★☆☆☆2026-08-14 12:00
India’s wholesale prices rose 9.78% year on year in July, government data released on Friday showed. The increase was slightly slower than in June, helped by lower energy inflation.
RReutersOriginal★★★☆☆2026-08-14 11:45
Softer inflation data could pressure the Federal Reserve to keep rates where they are. Since taking over as chair in May, Kevin Warsh has faced a policy crossroads, with officials split over whether hikes are needed to curb inflation while President Donald Trump calls for cuts to boost the economy.
RReutersOriginal★★★☆☆2026-08-14 11:40
Airlines are returning grounded jets to service, but the costs left by a years-long engine crisis are proving much harder to reduce.
RReutersOriginal★★☆☆☆2026-08-14 11:35
Shares of KKR-backed supply-chain logistics firm LEAP India dropped 5.3% on Friday in their trading debut, giving the company a valuation of 69.18 billion rupees, or $725.2 million.
RReutersOriginal★★☆☆☆2026-08-14 11:01
Oklahoma residents fear toxic emissions from a $4 billion aluminum plant, threatening a project central to Trump’s effort to restore US industrial might.
BBloomberg NewsOriginal★★★☆☆2026-08-14 11:00
Alphabet has become by far SpaceX’s largest single institutional holder, with the value of its investment rising 100-fold over the past decade to $94 billion.
RReutersOriginal★★☆☆☆2026-08-14 10:45
World Liberty Financial and its partners have postponed plans to sell a digital token linked to a Trump-branded resort in the Maldives. The delay puts on hold one of the crypto venture’s more ambitious efforts to bring real-world assets onto the blockchain.
BBloomberg NewsOriginal★★☆☆☆2026-08-14 10:30
Satellite imagery software company Space-Eyes reported a $1.3 million net loss in the first quarter, as revenue fell and expenses surged. A statement filed for its planned SPAC listing valued the company at about $370 million on an enterprise basis.
BBloomberg NewsOriginal★★☆☆☆2026-08-14 10:00
Three people familiar with the Bank of Japan’s thinking say it could lift interest rates as early as September and may consider raising them more frequently afterward than its current pace of roughly twice a year.
RReutersOriginal★★★★☆2026-08-14 09:40
Russia’s VK holding company reported a net profit of 328 million rubles for the second quarter of 2026, its first profitable quarter since late 2022. Analysts attributed the result to VK’s sale of a 25% stake in Tochka bank, while VK said the deal had an insignificant effect and pointed to improved efficiency and lower costs behind revenue growth.
MMeduzaOriginal★★☆☆☆2026-08-14 08:59
The Trump administration accuses more than 40 countries of helping Chinese goods enter the US through false labelling and transshipment, costing Washington tens of billions of dollars annually. A White House report names the EU, Mexico, Canada, India, Japan and South Korea among China’s biggest enablers, while the countries have not publicly responded.
AAl JazeeraOriginal★★★★☆2026-08-14 08:37
A White House report says more than 40 countries helped China avoid higher US tariffs by routing and repackaging Chinese exports, involving goods estimated at $30bn to about $300bn. China’s embassy in Washington said trade wars have no winners and opposed unilateral measures targeting China or harming third parties.
A White House report says more than 40 countries helped China route exports through locations facing lower US duties, potentially covering $30bn to about $300bn in goods. China opposes the tariff measures, while its embassy spokesperson said trade wars have no winners.
Thrive Capital’s $516 million early-stage venture fund, launched in 2022 with early investments in OpenAI, SpaceX and Anduril Industries, was worth more than $3.7 billion at the end of June.
BBloomberg NewsOriginal★★☆☆☆2026-08-14 08:34
ABS data shows new lending to property investors fell 8.6% in the June quarter, while total new home loans dropped 5.4%. Investors borrowed 14.8% less for established homes but 4.4% more for new builds, a shift economists and housing advocates say could ease competition for first-home buyers and add rental supply.
TThe GuardianOriginal★★★☆☆2026-08-14 08:03
Beijing has launched its first branded cargo train service, with a JD Express freight train departing Fengtai District for the Guangdong-Hong Kong-Macao Greater Bay Area. Operated five times weekly on a fixed schedule, it carries appliances, electronics and cosmetics and completes deliveries in just over 24 hours.
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China News ServiceOriginal★★☆☆☆2026-08-14 07:59
Shanghai’s imports and exports reached 447.57 billion yuan in July, rising 12.6% year on year for an 18th straight month of growth. January-July trade totaled 3 trillion yuan, up 17.7%. AI-related products drove much of the increase, while exports of electric vehicles, lithium batteries and photovoltaic products also climbed sharply.
CChina News ServiceOriginal★★★☆☆2026-08-14 07:52
Brazil’s Finance Ministry plans to issue its first yuan-denominated sovereign panda bonds in China this year, targeting 5 billion yuan ($700 million). A successful offering could lead to regular issuance and create a sovereign pricing benchmark for Brazilian companies seeking access to China’s bond market and RMB financing.
CChina News ServiceOriginal★★★☆☆2026-08-14 07:49
Microsoft sharply reduced its investments in carbon removals by 80% during the first half of the year as it ramps up spending on artificial intelligence.
BBloomberg NewsOriginal★★☆☆☆2026-08-14 07:30
China’s auto industry is surging overseas, breaking into markets from Europe to Southeast Asia and putting mounting pressure on established automakers such as Toyota Motor and Volkswagen, even as its performance at home lags behind.
RReutersOriginal★★★☆☆2026-08-14 06:40
About half a million Australian homes—roughly 4% of the total—have installed residential batteries through a government program that is transforming one of the world’s most volatile power markets.
BBloomberg NewsOriginal★★★☆☆2026-08-14 06:30
Three generations’ summer memories trace China’s economic progress and rising living standards, from free outdoor activities to sightseeing and today’s focus on experiences and emotional value. The country’s consumption upgrade is about more than buying more; it also reflects broader choices and growing demand for quality, experiences and emotional fulfillment.
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CGTNOriginal★★☆☆☆2026-08-14 06:16
China-Peru joint-venture Chancay Port handled 200,000 TEUs in the first half of 2026, up 70.94% year on year, COSCO SHIPPING said. Bulk and general cargo rose 41.2% to 987,000 metric tons, while roll-on/roll-off cargo jumped 340% to 44,000 metric tons. The port operates routes linking Asia and the Americas, with direct Chancay-Shanghai service reducing transit time to 23 days and logistics costs by over 20%.
CChina News ServiceOriginal★★☆☆☆2026-08-14 06:09
Trader Matt Latimore built a $1 billion fortune through a contrarian bet on coal. He is now diversifying into critical minerals that U.S. President Donald Trump has identified as essential to national security, steelworks and even a freight railway.
BBloomberg NewsOriginal★★☆☆☆2026-08-14 05:27
A weaker economic outlook is expected to curb Chinese outbound tourism in the latter half of the year, with trip numbers now projected below earlier estimates as consumer confidence softens.
BBloomberg NewsOriginal★★☆☆☆2026-08-14 05:26
Chinese container shipping company Sea Legend Line plans to launch the first regular container service across the Arctic. The China-Europe Arctic Express would reach Felixstowe in 18 to 20 days via the Bering Strait and Northeast Passage, faster than the Suez route, though seasonal sea ice and limited infrastructure prevent year-round operations for now.
CChina News ServiceOriginal★★★☆☆2026-08-14 05:07
Ankur Banerjee looks ahead to the day’s European and global markets as the yen remains caught in an uncertain range.
RReutersOriginal★★☆☆☆2026-08-14 05:00
Australian Prime Minister Anthony Albanese said Friday that President Donald Trump had agreed to consider Australia’s request for a full exemption from US tariffs, or at least no further increase in them.
BBloomberg NewsOriginal★★★☆☆2026-08-14 04:30
Australian Prime Minister Anthony Albanese said AUKUS was still moving “full steam ahead” after an overnight call with U.S. President Donald Trump. He added that he had pressed Trump to grant Australia a full exemption from all tariffs.
Brazil has opened consultations on possible retaliation against the United States after Washington imposed 25 percent tariffs on a range of Brazilian exports. The government called the measures unjustified and arbitrary, but has not decided whether to proceed; options could include taxes, import restrictions or suspending pharmaceutical and agricultural patents.
AAl JazeeraOriginal★★★★☆2026-08-14 04:00
An interim Productivity Commission report says the GST deal struck with Western Australia under the Morrison government achieved almost none of its objectives and made the distribution system less equitable. Taxpayer costs have reached nearly A$23bn, are forecast to hit A$60bn by 2029-30, and the commission says only WA has benefited.
TThe GuardianOriginal★★★☆☆2026-08-14 04:00
China is expected to have a record 12.7 million university graduates in 2026, with the number seeking work exceeding 15 million when previous unemployed graduates and returning overseas students are included. Youth unemployment among 16- to 24-year-olds stood at 14.9%. Hong Kong graduates also face fewer vacancies, particularly in entry-level administrative, IT and programming roles. Scholars say AI is deeply affecting early-career jobs and highly educated cognitive work.
BBBC ChineseOriginal★★★☆☆2026-08-14 03:41
Tyson Foods says it will close or sell three beef processing and packaging sites, further reducing its U.S. beef footprint as a historic cattle shortage worsens losses at the country’s largest meatpacker.
RReutersOriginal★★★☆☆2026-08-14 03:40
Chongqing exported vehicles worth 35.33 billion yuan in the first seven months of 2026, up 57.1% year on year, customs data showed. Overseas deliveries by Changan Automobile also rose sharply, while the city is pursuing a plan to expand exports of intelligent and new-energy vehicles.
CChina News ServiceOriginal★★★☆☆2026-08-14 03:24
China Central Depository & Clearing supported a wholly owned overseas subsidiary of Shanghai Electric Group in issuing 1.5 billion yuan in three-year FTZ offshore bonds at a 1.8% coupon. Listed on the Hong Kong Stock Exchange, the deal set several records and drew interest from investors across multiple regions.
CChina News ServiceOriginal★★☆☆☆2026-08-14 03:18
More than 200,000 metric tons of Southeast Asian fruit had reached China via the China-Laos Railway by Wednesday, up 11.16% year on year, China Railway Kunming Group said. Durian shipments accounted for over 186,200 metric tons, rising 22.53%. China, Laos and Thailand now have regular all-rail cold-chain freight services, with some shipments reaching China in as little as three days.
CChina News ServiceOriginal★★☆☆☆2026-08-14 03:02
Japan could carry out joint intervention in the yen market at any time and signal faster-than-expected interest-rate increases to curb the currency’s decline, former top currency diplomat Mitsuhiro Furusawa said.
RReutersOriginal★★★☆☆2026-08-14 03:01
Investors failed to pay for 8,734 shares allotted in the online tranche of Unitree Robotics’ Shanghai STAR Market IPO, while the offline tranche was fully subscribed. The sponsor and lead underwriter will take up the unpaid shares, valued at about 1.32 million yuan. The final online allotment rate was just 0.0181%.
CChina News ServiceOriginal★★☆☆☆2026-08-14 02:59
The third phase of the “Yunnan Hand in Hand” public-interest initiative has begun in Bali after Yunnan and Bali signed a new cooperation agreement. The project will add 27 solar-powered streetlights and create 10 hectares of organic rice demonstration zones in Tabanan Regency, opening opportunities for farmers and small businesses.
CChina News ServiceOriginal★★☆☆☆2026-08-14 02:54
Asian stocks rose on Friday and were on track for their strongest week in two months after benign inflation data weakened expectations of an imminent U.S. rate hike. Stalled talks to end the war in the Middle East could nevertheless keep risk sentiment subdued.
RReutersOriginal★★★☆☆2026-08-14 02:40
Macquarie Group Chairman Glenn Stevens said the Australian investment bank could reconsider appointing KPMG as its auditor after the firm was alleged to have misused client data to secure audit contracts.
RReutersOriginal★★☆☆☆2026-08-14 01:40
President Donald Trump has declared 100 percent tariffs on drones with thermal cameras, drones weighing more than 25 kilograms, and parts for aircraft over that weight. Other drones face a 25 percent tariff, while companies committing to some US production can avoid tariffs; selected countries and territories receive lower rates.
TThe VergeOriginal★★★★☆2026-08-14 01:06
President Donald Trump has imposed tariffs of up to 100% on imported drones and components, including products from key US allies. He cited national security and the need to reduce US reliance on foreign suppliers; the measures take effect in 21 days.
US President Donald Trump signed a proclamation imposing 100% ad valorem tariffs on certain drones and components, while some smaller drones and other components face a 25% rate. The measure is presented as a way to strengthen national security by expanding domestic drone production. Rates are capped at 15% for products from Japan, South Korea, Taiwan, Switzerland, Liechtenstein and the EU, and at 10% for British products.
President Donald Trump signed a proclamation imposing tariffs of up to 100% on certain drones and components, with lower rates for smaller drones and products from several trading partners. The White House said the measures aim to protect national security and expand US production. They take effect in 21 days, while their impact on a recently announced US-Ukraine drone agreement remains unclear.
President Donald Trump signed a proclamation imposing tariffs of 10% to 100% on imported drones and components, citing national security. Drones over 25 kilograms, with thermal imaging or other specified features, will face a 100% tariff, while smaller drones will face 25%. The measures begin after 21 days, with some components delayed 180 days, and Commerce Secretary Howard Lutnick is authorized to create an onshoring program.
The Trump administration is imposing a 100% tariff on imported unmanned aircraft systems and their components in an effort to reduce the US reliance on foreign drone supplies.
The White House said a Thursday proclamation signed by President Trump puts imported drones and their components under new duties.
Ken Griffin’s Citadel is requiring investing staff, including some analysts, to sign non-compete agreements lasting as long as two years. The measure is among the more aggressive restrictions adopted by multistrategy hedge funds seeking to stop employees from joining rivals.
BBloomberg NewsOriginal★★☆☆☆2026-08-14 00:30
The White House said a report estimates the United States loses about $19 billion to $26 billion in tariff revenue each year when goods, largely from China, are routed through third countries to evade U.S. import duties.
RReutersOriginal★★★☆☆2026-08-14 00:20
Brazil has opened a process that could lead to reciprocal measures against the United States in response to tariffs Washington recently imposed on Brazilian goods, the government said on Thursday.
RReutersOriginal★★★☆☆2026-08-14 00:01
Mark Walter offered to pledge his stake in prized financial assets as collateral as part of a broader effort to raise billions of dollars quickly.
BBloomberg NewsOriginal★★☆☆☆2026-08-14 00:00
A wave of Middle Eastern crude is reaching the United States, offering some relief to a market squeezed by wartime demand for American exports.
BBloomberg NewsOriginal★★★☆☆2026-08-13 23:30
China’s electric-truck exports to other Asian countries have surged, alongside stronger domestic sales, as higher fuel costs caused by the Iran war accelerate electrification across the region.
RReutersOriginal★★☆☆☆2026-08-13 23:15
The U.S. Securities and Exchange Commission abruptly canceled its meeting scheduled for Friday, where officials were due to consider whether to propose new rules related to cryptocurrencies.
RReutersOriginal★★★☆☆2026-08-13 22:25
U.S. Customs and Border Protection said the Department of Homeland Security approved a second 90-day extension of a Jones Act waiver first issued on March 17, 2026. The waiver allows certain covered cargoes to continue moving between U.S. ports on foreign-flagged vessels under specified conditions.
RReutersOriginal★★★☆☆2026-08-13 21:40
Fitch affirmed the United States’ sovereign credit rating at “AA+” with a stable outlook on Thursday, citing the country’s large economy, high per-capita income and the dollar’s position as the world’s leading reserve currency.
RReutersOriginal★★★☆☆2026-08-13 21:10
The US government sold 30-year bonds at the highest interest rate seen in 25 years, underscoring investors’ demand for greater compensation to fund the country’s widening deficit.
BBloomberg NewsOriginal★★★☆☆2026-08-13 19:30
Armenia and Russia agreed in Almaty to intensify food safety cooperation, including discussions on lifting restrictions affecting Armenian shipments to Russia and transit through Russian territory. The countries will strengthen coordination between Armenia’s Food Safety Inspection Body and Russia’s Rosselkhoznadzor. Russia had previously restricted imports of various Armenian goods over safety violations.
TTASSOriginal★★★☆☆2026-08-13 18:52
Private equity firm Silver Lake is discussing a possible acquisition of Workday, according to people familiar with the matter. With Workday valued at about $43 billion, the deal would be among the largest software buyouts ever.
RReutersOriginal★★☆☆☆2026-08-13 18:45
Presidential aide Igor Levitin says China and India have proposed cooperating with Russia to build a merchant icebreaker fleet, followed by localized production in Russia, to support maritime transit through the Russian Arctic. He says foreign partners are needed because Russia is not yet ready for shipbuilding on such a scale.
TTASSOriginal★★★★☆2026-08-13 18:30
Greek politician and former energy minister Panagiotis Lafazanis says the EU’s decision to fully halt Russian LNG and pipeline-gas supplies by 2027 reflects panic and will economically ruin Greece and the bloc. He condemns the measure as authoritarian and says it will push the EU toward more expensive US gas and LNG.
TTASSOriginal★★★★☆2026-08-13 18:03
A Canadian government source with direct knowledge of the trade talks said negotiations with the United States were progressing well and that Washington also wanted an agreement before a new U.S. tariff deadline on Aug. 19.
RReutersOriginal★★★★☆2026-08-13 17:45
New York City brokers are charging clients thousands of dollars for early access to newly listed apartments, giving them a chance to move first on the city’s best deals.
BBloomberg NewsOriginal★★☆☆☆2026-08-13 17:30
Detroit automakers plan to tell the Trump administration that its proposed changes to the North American trade deal could cost the companies billions of dollars and weaken their competitiveness against foreign rivals.
RReutersOriginal★★★☆☆2026-08-13 16:30
The Minutes Reader extension turns the original page into a focused reading view and translates articles and video subtitles on demand. It is in limited beta.
