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Economics Headlines
Could Trump Haitian immigrant crackdown hurt the economy? What to know usatoday.com
Employers from Florida to Ohio rely on TPS holders to staff jobs in construction and home health. They say Trump is threatening that labor pool.
Source: usatoday.com
Iran war shows China role in setting the price of oil axios.com
China’s reaction to the oil shock helped prevent the worst of the expected price spikes.
Source: axios.com
China’s AI Boomtowns Race Ahead as Rest of Economy Falls Behind bloomberg.com
In Hefei, the heart of China’s memory-chip industry, factories can barely keep up with the world’s appetite for AI hardware. In Changchun, the rust-belt home of gasoline-powered carmaking, officials admitted to “unprecedented” difficulties — a phrase later removed after drawing social media attention.
Source: bloomberg.com
China’s AI Boomtowns Race Ahead as Rest of Economy Falls Behind bloomberg.com
In Hefei, the heart of China’s memory-chip industry, factories can barely keep up with the world’s appetite for AI hardware. In Changchun, the rust-belt home of gasoline-powered carmaking, officials admitted to “unprecedented” difficulties — a phrase later removed after drawing social media attention.
Source: bloomberg.com
French Economy Rebounds With 0.2% Growth in Second Quarter bloomberg.com
France’s economy returned to growth in the second quarter, while Spain added momentum, demonstrating Europe’s continued ability to weather the fallout from the Iran war.
Source: bloomberg.com
Here’s why Europe’s hot summers are becoming an expensive challenge cnbc.com
Record heatwaves are straining Western Europe’s infrastructure, businesses and budgets as wildfires and insurance costs rise.
Source: cnbc.com
British Shoppers Tap Savings Buffers to Ride Out Economic Pain bloomberg.com
Since the pandemic, British families have been building a financial buffer for when they might need it most. That time seems to have come.
Source: bloomberg.com
How exposed is the UK economy to the second China shock? ft.com
Consumers, AI spending likely supported US economic growth in the second quarter reuters.com
The U.S. economy likely maintained a steady pace of growth in the second quarter, supported by stronger consumer spending and robust business investment in equipment tied to the buildout of artificial intelligence infrastructure.
Source: reuters.com
Cuba loosens control of private sector in struggle with mounting humanitarian crisis abcnews.com
Cuba has loosened restrictions on private businesses to allow imports of foreign goods and medicines, a sector firmly controlled by the Communist-led government
Source: abcnews.com
China’s solar surge nears milestone – even as Beijing hits brakes on sheer scale scmp.com
Coal capacity is projected to lose its long-held crown this year, despite a pivot from raw solar panel expansion to quality.
Source: scmp.com
Japan Trims Its Economic Outlook as Oil Prices Weigh on Growth bloomberg.com
Japan lowered its economic growth forecast for the current fiscal year, reflecting expectations that higher oil prices driven by tensions in the Middle East will weigh on domestic demand and add urgency to Prime Minister Sanae Takaichi’s efforts to address rising costs of living.
Source: bloomberg.com
Fed Holds Rates Steady but Three Officials Back Increase nytimes.com
Kevin M. Warsh’s second meeting as chairman of the Federal Reserve was colored by internal divisions over the path forward for policy.
Source: nytimes.com
Yacht travel scheme makes waves but can Hong Kong cash in on marine economy? scmp.com
Boat owners and maritime experts say Hong Kong must seize the opportunity to upgrade marine infrastructure to attract mainland yachts.
Source: scmp.com
Inside China’s two-speed economy: Why goods consumption is slumping even as exports and services boom fortune.com
From collapsing car sales to booming services and AI-linked manufacturing, China’s growth engines are pulling in sharply different directions.
Source: fortune.com