China’s Economy Starts to Show Cracks From Iran War
China’s strategic reserves of oil and natural gas have insulated it somewhat, but its manufacturing-based economy is beginning to falter. Source link
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The War in Iran Has Upended the Global Economy. The U.S. Has Been Mostly Spared.
The fallout from two months of war in Iran is shuttering textile mills in India and Bangladesh, grounding airplanes in Ireland, Poland and Germany, and prompting energy rationing in Vietnam, South Korea and Thailand. The only country, it seems, that has been relatively spared from the economic chaos is the one that started the war:…
Verizon stock jumps on surprise mobile subscriber gain
What happened: Verizon Communications (VZ) stock jumped more than 3% on Monday morning in premarket trading. What’s behind the move: The telecom giant reported first quarter results that beat expectations and raised its full-year guidance after a surprise gain in mobile subscribers. The company added 55,000 net new cellphone customers, marking its first positive phone…
Winery belonging to Ilhan Omar’s husband shut down amid financial spotlight
A California winery partially owned by the husband of Rep. Ilhan Omar, D-Minn., abruptly shut down in early April as House Republicans scrutinized Omar’s net worth. Omar’s financial disclosures show Tim Mynett owns a stake in eStCru Wines, a California wine business that shut down as of April 4, according to California business records obtained…
Coast Guard pauses search for Norwegian Cruise Line crew member overboard
Norwegian Cruise Line CEO Harry Sommer opens up about the impact of tariffs on cruise lines and travel on ‘Barron’s Roundtable.’ The U.S. Coast Guard has paused its search crew member who went overboard from a Norwegian Cruise Line ship bound for Boston after the person was seen falling from the vessel on security video….
Seattle DJC.com local business news and data – Real Estate
Temporary signage is now in the windows. Eleven months ago, as the DJC then reported, a potential new cocktail bar filed plans for the vacant former Velouria boutique space at Stadium Place. That’s at 145 S. King St., next to Cone & Steiner. Â . . . Source link
China blocks Meta’s acquisition of AI startup Manus
China’s state planner on Monday called for Meta to unwind its $2 billion acquisition of Manus, a Singaporean AI startup with Chinese roots. The decision to prohibit foreign investment in Manus was made in accordance with laws and regulations, the National Development and Reform Commission said in a brief statement. It added that it has…
