Sweden On Course For A Mild Recession
On Tuesday, Statistics Sweden announced that Sweden is on course to enter a mild recession following a 0.8% decline in its GDP in the second quarter compared to the first…
US Tightens AI Chip Export Rules
On Thursday, Reuters reported that the United States has expanded the list of nations which are blacklisted from receiving shipments of artificial intelligence chips from Nvidia and Advanced Micro Devices…
August Jobs Numbers Dip Sharply As Labor Market Cools
In a sign the labor market may be cooling, job growth in the private sector in August slowed sharply, failing to meet economist’s expectations, According to the latest ADP National…
Country Gardens Warns, Unless Finances Turn Around, Default Risks Grow
On Wednesday, China’s largest property developer, Country Garden Holdings, warned that if it is unable to reverse the present declines in its financial performance, the risk of it defaulting will…
BAE Systems To Establish Manufacturing And Repair Facilities In Ukraine
On Thursday, Ukrainian President Vladimir Zelensky announced that British defense contractor BAE systems is planning to “localize in Ukraine” the manufacture of British L119 and US M777 howitzers, as well…
