A manufacturing slowdown in the euro zone intensified last month, with scant signs of a rebound anytime soon as the bloc's three largest economies-Germany, France and Italy - remained stuck in an industrial recession.
Manufacturing purchasing managers' indexes for December from across Asia published on Thursday showed factory activity slowing in China and South Korea although there were some signs of a pickup in Taiwan and Southeast Asia.
US President-elect Trump has pledged to impose tariffs across the board, with bigger barriers on imports from three major trading partners Mexico, Canada and China.
The Caixin/S&P Global manufacturing PMI for China nudged down to 50.5 in December from 51.5 the previous month, undershooting analysts' forecasts and indicating activity grew only modestly.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Swift helps raise UK music sales to new record
UK music sales reached a record high in 2024 thanks to massive streaming and increased vinyl purchases of hits by top artists, notably Taylor Swift, an industry body revealed on Wednesday.
Folk singer Peter Yarrow of Peter, Paul and Mary dies at 86
American singer and songwriter Peter Yarrow, who found fame with the 1960s folk music trio Peter, Paul and Mary, died on Tuesday at the age of 86, his publicist said.
Raspy-voiced hit machine Rod Stewart turns 80
Singer Rod Stewart, who helped British rock conquer the world with a string of megahits, turns 80 on Friday with no plans to slow down.
UAE banks to remain on stable path this year
UAE banks are on a stable path heading into 2025, reflecting their strong performance deriving from improved asset quality, significant lending growth, and still high profitability, a report said on Thursday.
Sky Force's first song Maaye out
The much-awaited song Maaye from Akshay Kumar's upcoming historical action thriller Sky Force has been re-leased.
Armaan Malik, Aashna Shroff make first public appearance post wedding
Singer Armaan Malik and his wife, influencer Aashna Shroff, were spotted at the Mumbai airport for the first time after their wedding in December last year.
Girish Malik on Band of Maharajas at the Oscars
The Oscars are slotted for a March ceremony this year. A couple of Indian films may be headed to the awards this year, under several categories. Recently, The Academy of Motion Picture Arts and Sciences revealed the \"reminder list\", and it includes the name of director Girish Malik's film Band of Maharajas among several others.
Gold hits four-week peak amid Trump concerns
Gold prices rose to a near four-week high on Thursday, supported by safe-haven demand, while investors weighed how US President-elect Donald Trump's policies would impact the economy and inflation.
Frshar Mail set to redefine secure communication, data privacy
Frshar Mail, an innovative e-mail programme, looks set to redefine secure communication and data privacy by addressing the vulnerabilities that plague mainstream platforms.
Borders Bookstore celebrates inspirational journey of Lord Rami Ranger
Borders Bookstore at Mall of the Emirates hosted an extraordinary book signing event on January 2, 2025, featuring Lord Rami Ranger to celebrate the launch of the revised edition of his inspirational autobiography, From Nothing to Everything. The event was a remarkable success, drawing a large audience of readers, business enthusiasts, and admirers eager to meet the distinguished author.
