A private gauge of China’s factory activity expanded at a faster clip in May, contrasting with the official index’s unexpected slide into contraction. https://www.wsj.com/articles/china-caixin-pmi-signals-faster-manufacturing-growth-67d91c61
China said a couple who worked in the central government were caught spying for the UK, escalating a dispute between the two nations over espionage allegations. from Bloomberg Politics https://ift.tt/abuVhDR
A California-based renewable energy company plans to clear thousands of protected Joshua trees in the Mojave Desert to make way for a solar project that will generate electricity for nearly 180,000 homes in coastal neighborhoods instead of the impacted communities, according to reports. The Los Angeles Times reported that the company, Avantus, is planning to…
Barrenjoey, an Australian investment bank, began offering fixed-income sales and trading services in Abu Dhabi in an expansion that marks the opening of its first overseas office. from Bloomberg Markets https://ift.tt/6CU3ycM
Waste Management Inc. is close to a deal to buy medical-waste disposal company Stericycle Inc. for about $7 billion, the Wall Street Journal reported. from Bloomberg Markets https://ift.tt/QuOLEUa
The Israel Day parade in New York City turned heated Sunday as pro-Israel demonstrators squared off with counterprotesters, including one who held up a sign that read, “Kill Hostages Now.” The counterprotester wore a black mask and a Palestinian flag as he held up the incendiary sign. Police officers nudged him back onto his side…
A plan by Indonesian builder PT Lippo Karawaci to repurchase its dollar bonds will be in focus on Monday as elevated borrowing costs squeeze the finances of developers in Asia. from Bloomberg Markets https://ift.tt/fBFTr7y
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials met to discuss bitcoin issues, and Ocean launched a global hub in El Salvador. Paraguayan Authorities Shut Down…
The Chips Act is supposed to supercharge U.S. chip making, but the program’s early stages have been challenged by rivals overseas as well as the sheer expense of manufacturing chips. https://www.wsj.com/articles/the-u-s-gave-chip-makers-billions-now-comes-the-hard-part-c288bbc1
China has alleged that MI6 turned two staff members of Chinese central state organs into spies for the British government, its State Security Ministry said. https://www.cnbc.com/2024/06/03/china-says-britains-mi6-turned-two-chinese-government-staff-to-spies.html