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China’s factory activity expands in June with boost from tech exports

China’s factory activity expands in June with boost from tech exports

HONG KONG (AP) — China’s factory activity picked up pace in June, an official survey showed Tuesday, as demand for artificial intelligence hardware made exports robust. The official manufacturing purchasing managers index, or PMI, expanded to 50.3 from 50 in May, better than economists’ expectations, according to the National Bureau of Statistics. That’s despite worries…

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Andy Burnham says he’ll deliver a circuit breaker to transform the U.K. economy if he becomes leader

MANCHESTER, England — Andy Burnham, likely the next U.K. prime minister, pledged Monday to give away a chunk of his power by handing greater autonomy to local leaders in a “circuit-breaker” for the sclerotic British state. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. The former mayor…

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U.S. and world news for June 29

U.S. and world news for June 29

Comcast regional headquarters in St. Paul, Minnesota. Photo courtesy of Michael Siluk/Education Images/Universal Images Group/Getty Images via CNN Newsource Comcast says it will spin off NBCUniversal (CNN) — Comcast’s media businesses, including NBC, Peacock and Universal, are moving one step closer to a sale. On Monday morning Comcast said it is spinning off NBCUniversal as…

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