Uzbekistan and Jordan Agree on Uranium and Mineral Exploration
Uzbekistan and Jordan have signed agreements to cooperate in exploring uranium, copper, rare metals, and other critical mineral deposits....
Unexpected weakness in Germany's manufacturing orders in May signals ongoing uncertainty in industrial demand, despite a yearly rise and sector-specific gains.
Germany’s new factory orders declined by 1.4% month-on-month in May, exceeding market expectations of a 0.2% drop, according to provisional figures published by the Federal Statistical Office (Destatis) on Friday.
Excluding large-scale orders, the monthly fall was steeper at 3.1%, underlining broader weakness in manufacturing demand.
The downturn was led by a significant 17.7% fall in new orders in the manufacture of computer, electronic and optical products. Other sectors that contributed to the decline included electrical equipment and basic metals, which saw order reductions of 6.2% and 5.1%, respectively.
Some sectors, however, reported growth. Orders for fabricated metal products surged by 18.2%, while the manufacture of other transport equipment saw a 6.8% increase, helping to offset broader declines.
By category, capital goods orders dropped by 0.9%, and intermediate goods fell by 3.4%, while consumer goods bucked the trend with a 3.1% monthly increase.
Despite the monthly contraction, factory orders in May were up 5.3% year-on-year. Additionally, Destatis revised April’s monthly figure upwards to a 1.6% gain from the previously reported 0.6%, citing late data submissions from the automotive sector.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Chinese electric vehicle manufacturer BYD Co expects exports to account for around 20% of its global sales this year, supported by the launch of new models, the South China Morning Post reported on Monday.
Italy’s ruling League party has said domestic banks should contribute around €5 billion ($5.85 billion) towards the 2026 budget.
U.S. stock markets ended higher on Friday, following largely in-line inflation figures, although indices recorded losses over the week.
Inflation expectations for the next 12 months in the eurozone rose to 2.8% in August, up from 2.6% in July, according to the results of a consumer survey published by the European Central Bank (ECB) on Friday.
Miniso announced on Friday that it will spin off its brand Top Toy and list it in Hong Kong, capitalising on the growing investor interest in Chinese toymakers and highlighting the city’s renewed position as a global fundraising hub.
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