Economic News
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China blocks exports of helium, key for chipmaking, as Iran war squeezes supply
China is temporarily blocking helium exports, a key element for chipmaking, as the Iran war's escalation disrupts global supply
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Volkswagen sales plunge as German automaker lays out plan to slash number of brands
Volkswagen has reported weak sales numbers, with a significant drop in China
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A shoe factory fire that killed 28 highlights China's persisting worker safety risks
Authorities are investigating a blaze at a shoe factory in southeastern China's Fujian province that killed 28 people, raising renewed concern over worker safety
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Fire at a shoe factory kills 28 in one of China's deadliest blazes in recent years
A fire has broken out at a shoe factory in China's Fujian province, killing 28 people
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Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers' borrowing costs
The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers
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PepsiCo says economic concerns weighed on customers in North American during recent quarter
PepsiCo reported stronger than expected revenue in the second quarter despite weaker demand in North America, where it said consumers tightened their budgets due to economic concerns
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US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels
The number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low
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US jobless aid filings dip modestly to 215,000 last week as layoffs remain at historically healthy levels
US jobless aid filings dip modestly to 215,000 last week as layoffs remain at historically healthy levels
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China’s passenger car exports are up 80% in June as EV demand grows, while sales drop at home
China has reported its exports of passenger cars surged 80% in June from a year earlier, while domestic sales sank 26%, according to an industry group
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Australia agrees to sell uranium to India, ending a long stalemate
Australia has agreed to sell uranium to India for peaceful purposes
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