Preliminary PMIs for August well below expectations. S&P Global Services PMI falls to 44.1 vs. 49.2 expected S&P Global Manufacturing PMI falls to 51.3 from 52.2. The US S&P Global Integrated PMI corresponding to August, according to the preliminary estimate, showed a greater than expected drop from 47.7 to 45, below the expected 47.5; level […]
Tag: USA
Macy’s: Downgraded guidance despite better-than-estimated results
Pressure on US retailers continues, with department store chain Macy’s downgrading guidance for the full year as it expects consumer spending to ease on non-core items such as clothing. Macy’s warning comes even as its second-quarter numbers beat market estimates. Against this backdrop, the chain now sees its 2022 revenue in a range of $24.34 […]
Turkey says it will not buy F-16s from the US if conditions are imposed
Turkey will not buy F-16 fighter jets from the US if restrictions on their use are imposed, the country’s Foreign Minister Mevlut Cavusoglu said on Tuesday, according to Bloomberg. It is noted that the US House proposed in July to allow President Joe Biden to sell upgraded F-16s to Turkey on the condition that Ankara […]
Washington expressed its concern over the heightened situation on the Turkey-Syria border
Washington is asking “all sides to observe the ceasefire” on the border between Syria and Turkey, the State Department said Monday, days after an increase in shelling in the region that killed at least 21 civilians, including them and children. “The United States is deeply concerned about the recent attacks along Syria’s northern border and […]
The FBI seized more than 300 classified documents from Trump’s mansion
LAST UPDATE: 08.08 The US government seized more than 300 classified documents from former President Donald Trump’s Florida mansion, including documents from the CIA, the US National Security Agency, and the FBI, as reported yesterday by The New York Times. ” citing multiple sources briefed on the case. More than 150 documents originally classified were […]
The impasse of the anti-Trump Republicans
By Jonathan Bernstein Two years ago, Wyoming Republican Liz Cheney was on her way to becoming the future speaker of the US House of Representatives. She was the third-ranking Republican in the House, with a completely safe seat. She lost that seat in the Republican caucus and now she has lost her seat in the […]
End of an era in the USA: Fauci leaves his positions in December
The leading US epidemiologist, Dr. Anthony Fauci will step down at the end of the year from his positions at the head of the National Institute of Allergy and Infectious Diseases (NIAID) and as the White House’s chief medical adviser, he announced Monday. “Although I am stepping down from my current positions, I am not […]
Borrell hopes the US will respond to the proposal on Iran’s nuclear program this week
European Union foreign policy chief Josep Borrell said today he hoped the United States would respond positively as early as this week to an EU proposal aimed at saving a 2015 deal with Iran over Tehran’s nuclear program. Josep Borrell also said Iran had given a “reasonable” response to the proposal, which followed intermittent, indirect […]
South Korea: Joint military high schools with US amid concern over Pyongyang’s missile tests
South Korea and the United States began their annual joint military drills today, seeking to boost their readiness against North Korea, which it says is ready for new missile tests. The summer military drills, renamed the “Ulchi Freedom Shield” this year and scheduled to last until Sept. 1, come in the wake of a pledge […]
The New World Energy Order: A War of Attrition
Of Tilak Doshi Wars of attrition are defined as those during which opposing forces do not face off in direct combat with all of their forces, but instead aim to exhaust each other over a period of time. Classical free trade is largely voluntary and mutually beneficial to the contracting parties. But unilaterally imposed economic […]
