China’s factory activity slump worsened in October, reaching its longest decline in more than nine years as a deepening economic slowdown sets in during the final quarter. The official manufacturing purchasing managers’ index was 49, versus 49.8 in September, the National Bureau of Statistics said Friday. The median estimate of economists surveyed by Bloomberg was…
Supply Lines is a daily newsletter that tracks global trade. Sign up here. As German firms wrestle with new Chinese controls on rare earths, they are handing Beijing sensitive supply chain information it could potentially use to squeeze manufacturers or shut down production lines in Europe’s biggest economy. Source link
US sanctions on a key Chinese oil import terminal are redirecting crude flows and threatening run cuts at several state-owned refineries. Last week’s blacklisting of the Rizhao Shihua Crude Oil Terminal, which handles about 9% of China’s crude imports, could force run cuts of up to 250,000 barrels a day at a handful of refineries…
The Norwegian officials in charge of awarding the Nobel Peace Prize are investigating information that online bets on this year’s recipient surged overnight, suggesting a potential leak of information. Bets for Venezuelan opposition leader Maria Corina Machado, who was awarded the 2025 Nobel Peace Prize for fighting for democracy, spiked at the Polymarket gambling site…