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Business

China March PMI: Factories now oppose the economic downturn

The country's massive manufacturing industry unexpectedly recovered in March, government data showed on Sunday. The official index of purchasing managers for the month jumped to 50.5 from 49.2 in February. The index above 50 shows growth over the previous month. A separate study of production activity by the Caixin media group and the Markit research firm published on Monday was …

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Asian stocks rose with factory back in China and trade talks progress

© Reuters. PHOTO: Video operator shoots an electronic board showing the average Japanese Nikkei and its Tokyo Tokyo Tokyo stock indexes Tokyo (Reuters) – Tokyo (Reuters) rose Monday as positive Chinese factory equipment and signs of progress in Sino-US Trade Negotiations Support Moods Although Another Defeat for Brexit's Proposal for UK Prime Minister Teresa May Adds Sterling Weight MSCI's Largest …

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Jeff Bezos investigator: Saudi Arabia received personal information

"Our investigators and several experts concluded with great confidence that the Saudis had access to the Bezos phone and gained personal information," Gavin de Becker writes in a publication for the Daily Beast published on Saturday. He did not offer any concrete evidence in support of his allegations against the Saudi government. De Becker said his findings had been handed …

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Chinese PMI, American-Chinese trade, currencies in focus

Asian stocks rose on Monday morning after weekend data showed that China's economic activity is unexpectedly back in March. Pp: first-child 225 in Japan jumped 1.8% at the start of trading after the shares of the Fast Retailing, Softbank Group and Fanuc advanced, while the Topix index also rose 1.56%. The company said it was aiming to reach a financing …

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Three Disney Springs Restaurants Tangled Into Credit Card Violation Data

This post may contain affiliate links; Please read the disclosure for more information. In a recent Earl Enterprises report, a number of their restaurants have been hit by a credit card breach and this includes all three Disney Springs restaurants. Potentially affected restaurants include the following brands: Buca di Beppo, Earl of Sandwich Planet Hollywood Chicken Guy! Mixology and Tequila …

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Detroit Workers Force GM To Remove Mexican-Built Blazer Display

Currently, UAW is fighting to keep as many factory jobs in the US as possible instead of sending them to Mexico where labor is typically cheaper. The UAW had fought but ultimately lost the battle to get the Blazer reborn built in America, so hoisting a new Blazer at an all-American baseball park was probably not the best idea. GM, …

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Nio ES8, Tesla Model X comparison: photos, specifications

China is the largest electric car market in the world. In 2018, he is responsible for 56% of world electric vehicle sales with 1.2 million units sold. In an attempt to capture a larger percentage of this market, Tesla builds a factory in Shanghai, the first to be wholly owned by a foreign auto company. So far, Tesla has been …

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13% of the world's companies are "zombies". This is not healthy

These indebted companies do not do enough to cover even their interest payments. This is never a good sign. The number of zombies in advanced economies last year amounted to 536, or 13% of the total, according to Bank of America Merrill Lynch. This is a surprising figure, given that the global economy In fact, the number of zombies is …

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