World industrial activity weakens due to global slowdown, cost pressures

The activity of factories in the euro zone further declined in September British manufacturing production fell for the third consecutive month Japan’s September PMI marks the weakest growth since January last year Manufacturing activity shrinks in Taiwan, Malaysia LONDON / TOKYO, Oct 3 (Reuters) – Global industrial production mostly weakened in September as slowing demand … Read more

Credit Suisse shares slide despite moves to allay investor concerns

Credit Suisse is hit by market turmoil before the renewal The shares fell as much as 10% in early Monday trading The bank’s euro-denominated bonds hit historic lows The Swiss bank claims that its capital, liquidity is strong ZURICH, Oct 3 (Reuters) – Shares of Credit Suisse (CSGN.S) slid as much as 10% on Monday, … Read more

UK Truss makes a U-turn on taxes after a week of market turmoil

Truss had defended politics on Sunday Quarteng now says it was a distraction U-turn made with ‘humility and contrition’ – Kwarteng Cutting the higher tax rate was a small part of the master plan Markets concerned about how to finance the plan BIRMINGHAM, England, Oct.3 (Reuters) – British Prime Minister Liz Truss was forced into … Read more

Stampede, targeting Indonesia’s football game kills 174, championship suspended

The East Java stadium disaster apparently worst since 1964 About 180 injured in the stampede of the crowd The Indonesian football federation suspends the league to investigate Police say they fired tear gas to control the crowd MALANG, Indonesia, Oct. 2 (Reuters) – At least 174 people were killed and 180 injured in a stampede … Read more

China’s factory service polls suggest the economy is struggling to recover

China September Official manufacturing PMI above forecasts A private survey shows a sharp decline in factory activity Business growth in the service sector slowed in September – official survey Covid slows down, the weakening of foreign demand, the weakness of real estate weigh BEIJING, Sept. 30 (Reuters) – China’s industrial activity posted strong growth in … Read more

Exclusive: Brands blast Twitter for ads next to child pornography accounts

Sep 28 (Reuters) – Some major advertisers, including Dyson, Mazda, Forbes, and PBS Kids, have suspended their marketing campaigns or removed their Twitter ads because their promotions appeared alongside tweets soliciting pornography. childish, the companies told Reuters. Brands ranging from Walt Disney Co (DIS.N), NBCUniversal (CMCSA.O), and Coca-Cola Co (KO.N) to a children’s hospital were … Read more

Wall Street rebounds to lows as the UK steps in to calm bonds

US stocks rebounded Wednesday after hitting new lows on Tuesday British gilts are roaring higher with the intervention of the Bank of England The US dollar breaks record gains Oil prices rise on hurricane Ian cuts September 28 (Reuters) – US and global equities staged a slight rally on Wednesday as the Bank of England … Read more

The IMF and Moody’s censor British policy that has sparked market turmoil

The IMF “does not recommend” policies such as the UK growth plan Moody’s: economic plan is ‘negative growth’ Pound traded 0.5% lower to $ 1.0681 Bond strategists warn that the market is almost non-negotiable LONDON, Sept. 28 (Reuters) – The International Monetary Fund and rating agency Moody’s have stepped up pressure on Britain to reverse … Read more

Analysis: Nord Stream gas leaks raise climate concerns, but have an impact that is difficult to quantify

Sep 27 (Reuters) – Unexplained leaks in two Russian gas pipelines in the Baltic Sea are generating greenhouse gas emissions, raising fears that the disruption could cause a climate calamity, although it is not yet clear to what extent. Neither pipeline was in operation, but both contained natural gas, which is largely composed of methane, … Read more

Eisai, Biogen say the Alzheimer’s drug manages to slow cognitive decline

Sep 27 (Reuters) – Eisai Co Ltd (4523.T) and Biogen Inc (BIIB.O) said on Tuesday that their investigational Alzheimer’s drug significantly slowed cognitive and functional decline in a large study involving patients in the early stages of the disease, scoring a rare victory in a field littered with failed drugs. The drug, lecanemab, slowed the … Read more