Former Malaysian Prime Minister Mahathir Mohamad wants to overthrow the current government, just a few months after his resignation from the top job resulted in the collapse of the previous administration he was leading. But the coalition of now-opposition parties cannot agree on who should be prime minister if they …
Read More »China says its manufacturing activity expanded in June, but headwinds remain
China said Tuesday that manufacturing activity expanded in June with the Purchasing Manager’s official index reaching 50.9. Economists polled by Reuters expected the official manufacturing PMI number to hit 50.4. PMI readings above 50 indicate expansion, while those below this level indicate contraction. In May, the official manufacturing PMI reached …
Read More »The growing anti-China sentiment has not affected companies.
The growing anti-China sentiment in India has had no material impact on the Chinese smartphone maker Xiaomi, the company’s head in India said on Thursday. In the past six years, Xiaomi India has built a strong local culture and company, Managing Director Manu Kumar Jain told CNBC’s “Street Signs Asia”. …
Read More »Biden says he would need masks; Russia Reports New Lower Daily Cases Since April
The White House coronavirus task force is slated to hold its first news briefing in nearly two months on Friday as new coronavirus cases continue to emerge in much of the country. Vice President Mike Pence will lead the briefing, according to the Department of Health and Human Services, but …
Read More »Investors Monitor US Coronavirus Cases, Hopes for Recovery
European markets advanced on Friday morning despite rising cases of coronavirus in the US and additional warnings about a second market crash from the International Monetary Fund (IMF). The pan-European Stoxx 600 rose 0.6% in initial trade, with tech stocks adding 1.2% to lead gains as all sectors and major …
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