LUNAR ECONOMY
Charting the global economy: US inflation cools; Japanese Yen stays weak
Earlier in the week, the collapse of a major bridge in Baltimore will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast.
Will the US take people to the moon with ‘Moon Train’? Here’s all about the Lunar Transport
Led by aerospace leader Northrop Grumman and backed by the US Department of Defense, this ambitious project seeks to enable smooth transportation of goods and individuals on the lunar terrain. It marks the dawn of a fresh era, fostering human presence and economic ventures beyond Earth's bounds.
US Moon lander 'permanently' asleep after historic landing: company
Houston-based Intuitive Machines said late Saturday that the lander, named Odysseus, had not phoned home this week when its solar panels were projected to receive enough sunlight to turn on its radio.
China's economy shows signs of improvement, but its property sector is still in the doldrums
China's manufacturing and investment show improvements, with industrial output up 7% and fixed-asset investments rising 4.2%. Real estate sector remains weak, but stable development policies are in place. Challenges in economic recovery persist amidst policy stimulus.
Improving demand: China's trade data for January-February beats estimates
Exports in January-February grew 7.1% from a year earlier, according to customs data released on Thursday, up from a 2.3% rise in December. Imports rose 3.5%, compared to 0.2% growth in December. The trade surplus was $125 billion.
China's factory activity picks up on expansion in output, orders, Caixin PMI shows
The world's second-biggest economy has been mired in a low-growth trajectory since the end of COVID curbs in late 2022, as a debt crisis in the property sector as well as low demand at home and abroad have dragged on broader activity. Friday's Caixin PMI provided some bright spots, with output growing at the fastest pace since May 2023 despite an eight-day Lunar New Year break shutting most factories temporarily in mid-February.
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Private US spacecraft topples to its side during lunar landing, some antennas covered up, the company says
A private U.S. lunar lander, Odysseus, tipped over during touchdown near the moon's south pole, ending up on its side and hampering communications. Despite the mishap, the lander, sponsored by NASA, is thought to be within a few miles of its intended landing site. NASA's Lunar Reconnaissance Orbiter will attempt to locate it. This marks the first private moon landing, with NASA experiments onboard. The lander's mission is expected to last about a week on the moon.
Commercial US spaceship lands on Moon, a first for private industry
Intuitive Machines successfully landed its spacecraft, Odysseus, on the Moon's Malapert A. The mission aims to explore the lunar south pole, study environmental conditions, harvest ice for drinking water and rocket fuel, and contribute to the development of a wider lunar economy.
US heads back to the Moon -- with a commercial spaceship
Intuitive Machines, a Houston-based company, attempts to land its hexagon-shaped robot Odysseus on the lunar south pole using NASA-funded commercial landers. The mission supports NASA's Artemis program, aims to stimulate a wider lunar economy, and follows a previous moon shot failure.
China stocks primed for bullish reopening after upbeat data
With trading in mainland China shut from February 9-16, investors will likely take cues from gains seen for the country's shares listed offshore. A gauge of stocks in Hong Kong rallied nearly 5% since it reopened on Wednesday while the Nasdaq Golden Dragon China Index jumped 4.3% for the week, underscoring room for onshore shares to play catch-up.
Chinese pray God of Wealth for a turnaround of their fortune in Dragon Year to beat economic slowdown
Videos and posts on Chinese social media platforms showcased the busy scenes at the temple fairs in Beijing. More than 130,000 visitors visited the temple fair at Ditan Park last Sunday - the opening day of the fair. Similar scenes were witnessed in many Chinese cities, including Shanghai, Hangzhou, Chengdu, and Fuzhou, where people gathered in temples to pray and take part in local fairs.
China holiday travel surge hints at consumer spending pickup
A resurgence in travel over China's Lunar New Year holiday is offering some signs of a consumer spending pickup in the world's second-largest economy. Rail trips exceeded expectations, surpassing 2023, despite low confidence and deflationary pressures. The economy is struggling with a property crisis and consumer prices are dropping.
Dollar nears 150 yen ahead of US inflation test; Bitcoin buoyant
Trading was largely subdued early in Asia with markets in China and Hong Kong still closed for the Lunar New Year holidays and as traders stayed on guard ahead of Tuesday's release of consumer prices data in the world's largest economy.
Japan hopes to join an elite club by landing on the moon: A closer look
Japan hopes to make the world's first "pinpoint landing" on the moon early Saturday, joining a modern push for lunar contact with roots in the Cold War-era space race between the United States and the Soviet Union. Japan's attempt to bring down its lander at a precise location follows the April failure of a Japanese company's spacecraft that apparently crashed while attempting to land on the moon.
Embracing design as a core tenet of ‘Make in India’ will build trust in Indian manufacturing
Just as trust in a product hinges on its reliability and innovation, trust in India’s manufacturing future also rests on its ability to seamlessly blend world-class engineering with cutting-edge design.
Project managers and project success define the growth story of India
The path to a sustainable and resilient future is paved with projects led by skilled and visionary project managers. Empowering tomorrow's leaders through comprehensive skill development is not only a necessity but a responsibility to ensure that projects become the driving force for progress and positive change.
Migrant workers moving out coastal cities as crisis grips Chinese economy
The Chinese economy is facing a crisis, with migrant workers, labor brokers, and shop owners moving out of coastal cities and returning home due to reduced job opportunities. The crisis began earlier this year, as China lifted its COVID-19 controls near the end of 2022. The country's economy has been struggling to stage a comeback, with President Xi Jinping acknowledging the challenges in 2023.
Red Sea chaos risks driving up price of goods for global economy
Shipping companies are diverting cargoes after Iran-backed Houthi militants attacked commercial vessels plying the Red Sea.
China upgrades relationship with Venezuela to 'all weather' partnership
China has upgraded its diplomatic ties with Venezuela to an "all weather" partnership, a status given to only a few of China's diplomatic partners. During Venezuelan President Nicolas Maduro's state visit to Beijing, he met with Chinese President Xi Jinping and signed bilateral documents for Belt and Road projects and cooperation in areas such as the economy, trade, and education.
Chandrayaan-3 paves the way for a megatrend in space stocks
The commercial wing is called New Space India Ltd (NSIL), whose business activity includes manufacturing The Polar Satellite Launch Vehicle (PSLV), and Small Satellite Launch Vehicle (SSLV), and provides launch services to countries and private corporations
Chandrayaan - 3: Here's why ISRO's lunar ambitions are critical for Indian economy
India will attempt a Moon landing this week, with its Chandrayaan-3 mission. This third mission from the Indian Space Research Organisation aims to become the first to conclusively discover evidence of water on the Moon, as well as explore the lunar south pole. However, as well as providing national pride for India, its space agency will be hoping a successful mission will have a real impact on the country's economy.
Chandrayaan-3: It's not just bragging rights; it's a battle for prized real estate
The success of India's Chandrayaan-3 is not only a matter of national pride, but has significant implications for technological innovation, particularly in space exploration. Technologies developed for space exploration have led to advancements in various areas, including healthcare and daily use products. Chandrayaan-3's success will position India as a leader in the lunar economy and have geopolitical significance.
How and why Russia's Luna-25 moon mission failed
Russia's first mission to the moon in nearly 45 years has failed, as its Luna-25 spacecraft reportedly spun out of control and collided with the moon. Planned to execute a soft landing at the South Pole on 21 August, the mission was intended to return to the glory days when Moscow launched the Sputnik satellite in 1957, and Soviet cosmonaut Yuri Gagarin became the first man in space in 1961.
China's industrial profits slump in Jan-Feb as COVID pain lingers
The contraction followed a 4.0% fall in industrial profits for the whole of 2022, data from the National Bureau of Statistics (NBS) showed, pointing to a downbeat start to the year for factories at large.
China's economy shows gradual recovery after COVID reopening
China's economy picked up in the first two months of 2023 as consumption and infrastructure investment drove recovery from pandemic disruption. Despite challenges of weak global demand and a persistent downturn in the property sector, the COVID-19 controls abandonment late in 2022 has reinvigorated an $18 trillion economy that has suffered one of its lowest growth rates in nearly half a century.
China Jan-Feb exports, imports slump again as global demand falters
China's exports in the two months were 6.8% lower than a year before, beating a Reuters a poll that expected exports to decrease by 9.4%. Imports were down by 10.2%; missing the poll estimate by a large margin, which had predicted a 5.5% drop. December showed a sharp 9.9% annual fall in exports as global demand cooled, while that month's imports fell by a more modest 7.5%.
Oil surges after strong U.S. jobs data
The U.S. central bank on Wednesday scaled back to a milder rate increase than those over the past year, but policymakers also projected that "ongoing increases" in borrowing costs would be needed.Increases in interest rates in 2023 are likely to weigh on the U.S. and European economies, boosting fears of an economic slowdown that is highly likely to dent global crude oil demand, said Priyanka Sachdeva, market analyst at Phillip Nova
Oil heads for weekly loss awaiting China recovery signs
The dollar has fallen because aggressive interest rate hikes by the U.S. Federal Reserve are no longer expected, whereas other major economies are continuing with bigger rate increases even as inflation has eased.
China aims to boost consumption and imports as global demand cools
At a meeting chaired by Premier Li Keqiang, China's state council - which functions as the cabinet - also vowed to speed up the rollout of foreign investment projects, maintain a stable yuan, ease cross-border travel and help companies to participate in domestic and overseas trade shows.
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