GLOBALIZATION
UK manufacturing growth slows as shipping delays hit exports, PMI shows
While output and overall new orders grew at close to their fastest pace in two years, export orders fell for a 29th successive month, due to the shipping delays and high freight costs.
Global sea transport leaps most since 2010 after Red Sea attacks
Global sea transport sees a surge in activity due to geopolitical disruptions and attacks in the Red Sea. Vessels reroute to avoid conflict zones, impacting carbon emissions.
Asia's factory activity expands in June on solid global demand
The surveys show how Chinese firms are ramping up production despite weak domestic demand, which Beijing has failed to reverse with a rescue package for an ailing property sector.
Charting the global economy: Inflation ebbs in US, France, Spain
With inflation settling down in many European economies, there are signs that central banks in the areas could reduce interest rates.
IMEC will prove to be one of 'biggest game-changers' of 21st century: President Murmu
The IMEC envisages a vast road, railroad and shipping networks among Saudi Arabia, India, the United States and Europe with an aim to ensure integration among Asia, Middle East and West.
"It's all happening again": The supply chain is under strain
The intensifying upheaval in shipping is prompting carriers to lift rates while raising the specter of waterborne gridlock that could again threaten retailers with product shortages during the make-or-break holiday shopping season. The disruption could also exacerbate inflation, a source of economic anxiety animating the U.S. presidential election.
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Economic decoupling? China remains a dominant player in global manufacturing, supply chains
Declines in foreign direct investment in China highlight the emergence of indigenous Chinese firms like BYD Co. and CATL, which are not major exporters but play a crucial role domestically.
Global coffee production to rise by 7 million bags in the new crop, says USDA
The USDA said total production of the beans will rise to 176.23 million 60-kg bags from 169.18 million bags previously, mostly due to higher output in top grower Brazil and to a recovery in robusta grower Indonesia.
Charting the global economy: BOE leaves rate-cut hopes alive
The Bank of England hinted at possible interest-rate cuts as some officials are leaning towards it, despite keeping rates steady at 5.25%.
Global supply chain shift: Has India finally arrived?
Global supply lines are shifting for more resilience. Geopolitical developments put India at an advantage. Will demographic dividend finally create value for India?
Where does India stand in Africa’s $3 trillion opportunity?
As African nations overcome long-standing social and political misconceptions, the continent is poised to unlock its immense economic potential, offering a wealth of opportunities for strategic investors and businesses prepared to navigate this dynamic market.
Charting the global economy: Fed holds; BOJ leaves yen at risk
Federal Reserve officials expect only one interest-rate cut this year, while the Bank of Japan delays details on bond buying. Far-right parties in Europe influence elections and impact the euro's value.
US Says Houthis seek allies in bid to upend global shipping
US officials believe Houthi rebels in Yemen are forming partnerships with militant groups like al-Shabab in Somalia to disrupt global shipping and protest the Israel-Hamas war.
‘Tremendous’ room for India to grow share in global value chains: Sanjiv Puri, CII President
Global trends indicate supply chain diversification is happening across levels and India is well-positioned to gain from these developments, says the CMD of ITC.
Airbus frets over global trade tensions amid EU-China spat
Airbus faces challenges due to trade tensions as Europe imposes tariffs on Chinese electric vehicles, impacting global businesses like Airbus.
G-7 to set up semiconductor group to coordinate supply chains
G-7 leaders to announce plans for a semiconductor supply chain coordination group. Focus on subsea cable connectivity for Internet security and resilience, amid global chip shortage challenges.
Exports from special economic zones up 4% to $163.69 bn in 2023-24
SEZs are enclosures that are treated as foreign territories for trade and customs duties, with restrictions on duty-free sales outside these zones in the domestic market.
Golden era for shipping seen ahead as geopolitics boosts pricing
Shipping industry in Athens anticipates higher earnings amidst geopolitical conflicts and supply uncertainties.
Global demand revival: How is India poised?
As the global demand sees some revival, India must get its act together to make the most out of it.
Charting the Global Economy: ECB cuts rates, US payrolls surge
The collapse of Modi’s support in Uttar Pradesh, India’s most-populous state and a one-time party stronghold, amounted to a collective rebellion from millions of people left behind in one of the world’s fastest-growing economies.
Ivory Coast bans some cocoa sales in another threat to market
Ivory Coast takes steps to secure scarce cocoa supplies for local processors, potentially restricting bean exports and tightening the global market.
China’s exports surge more than expected in boost for economy
Beijing is relying on sales abroad to offset weak consumer spending at home, where a real estate slump has led households to tighten their belts.
China risks trade war on two fronts as low-tech exports soar, too
Rising trade tensions as the EU, US, and potentially Canada impose tariffs on Chinese electric vehicles, are impacting global trade dynamics.
Container shortage is shipping’s Achilles’ heel
An initial surge in freight prices — prompted by ships taking the much longer route around the Cape of Good Hope — petered out in March, yet prices have now surged even higher.
China's manufacturing surges, Caixin PMI shows, but global risks grow
To counter soft domestic demand and a years-long property crisis, China has boosted infrastructure investment and ploughed funds into high-tech manufacturing to bolster the broader economy this year.
US risks a ‘Forever’ trade war with China, says Economist Stephen Roach
The US is erecting new trade barriers that will hold back China’s sales of key products like electric vehicles, accusing Beijing of building excess capacity using state subsidies and flooding global markets with cheap products.
Adopting global standard, infra, risk-based regulation to help India improve quality of goods for exports: GTRI
The GTRI also recommended support to SMEs, avoiding quality control orders becoming non-tariff barriers, regulatory impact assessment, developing globally acceptable standards and inking mutual recognition pacts with trading partners to strengthen India's quality systems.
Ships diverted from Red Sea send ripple effects across the globe
Supply chain managers paying for the services look to place order in advance as ships face extended journeys since they spend more time at anchor.
Charting the global economy: Europe inflation picks up before ECB meeting
Inflation in Europe rose more than expected in May, with consumer prices up 2.6% from last year, surpassing April's 2.4%.
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