US consumer spending, inflation cool in November | Business and Economy News
US consumer spending barely rose in November, while annual inflation increased at its slowest pace in 13 months, but demand
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Manufacturing
US extends export bans on three firms over illegal China exports | Business and Economy News
Firms sent technical drawings blueprints from US customers to manufacturers in China to 3-D print defence prototypes without authorisation. The
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US consumers step up spending in October as inflation cooled | Business and Economy News
United States consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at the start
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Asia’s factory activity shrinks as China lockdowns weigh on firms | Manufacturing
Slumping output highlights darkening economic outlook for Asia in 2023 as China’s lockdowns upend supply chains. Factory output slumped widely across
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Apple supplier Foxconn apologises after unrest at Chinese campus | Business and Economy
Taiwanese tech giant says ‘technical error’ to blame for pay dispute that saw workers clash with police. Apple supplier Foxconn
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US Treasury Secretary Yellen looks to India for ‘friend-shoring’ | Business and Economy News
Supply chains, Russia’s war in Ukraine and the impact of COVID-19 were top issues for US Treasury Secretary Janet Yellen
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Tesla stock hits two-year low after boss Musk sells more shares | Business and Economy News
Musk’s latest share sale fuelled jitters about the fallout of his Twitter buy on the world’s most valuable carmaker. Tesla
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IMF, Bangladesh reach preliminary deal for $4.5bn loan | Business and Economy News
Rising energy and food prices, sparked by the Russia-Ukraine war, and shrinking forex reserves have hit Bangladesh. The International Monetary
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US Fed delivers big rate hikes, signals next one could be smaller | Business and Economy News
It took note of the still-evolving impact that its rapid pace of rate hikes has set in motion, saying the
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US manufacturing grows at slowest pace since May 2020 | Business and Economy News
Overall manufacturing falls as higher interest rates cool demand, but consumer orders continue to rise. United States manufacturing activity grew
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