Global markets open higher as US China tariff fight persists
European stocks rise while Asia mixed after new tariff hikes on goods. London CAC and Shanghai gain. Tokyo and Hong Kong fall. Investors hope talks later this month, but analysts warn a quick resolution is unlikely. US holiday. China retaliates with duties. Cape Cod warns of shark activity and rare tornadoes. Hong Kong students strike, classes resume amid protests.
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Beijing
European
Asia
Washington
London
Paris
Shanghai
Tokyo
Hong Kong
France
Germany
U.S
Hang Seng
Seoul
Kospi
Sydney
New Zealand
Taiwan
Southeast Asia
United States
China
Chinese University of Hong Kong
Dems back unions in California tech labor clash
In California a clash between labor unions and tech giants over worker classification draws high profile Democratic support. Nearly all 2020 contenders back a labor-backed bill to curb independent contractor status, signaling a pivotal test of labor's clout in a changing economy.
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Sacramento
Calif
Pennsylvania
Michigan
Big Tech
Democratic Party
White House
Joe Biden
California
Uber
Lyft
Donald Trump
Zev Yaroslavsky
Los Angeles
Ucla Luskin School of Public Affairs
Elizabeth Warren
Lawrence
Massachusetts
Biden
Teamsters Union
Pittsburgh
Organized Labor
Bernie Sanders
Afl-Cio
John Weber
Trump
Hillary Clinton
Mitt Romney
Barack Obama
Warren
Labor
Kamala Harris
Sanders
China manufacturing surveys show weak demand amid trade war
Two manufacturing surveys indicate soft demand in China as tariffs with the United States escalate. Caixin PMI rose to 50.4 signaling modest improvement, while new orders fell to year’s low. Another CFKP index at 49.5 shows weakened activity. Exports to the U.S. fell 6.5% in July as tariffs rise. Beijing courts growth with fiscal pushes. quarterly GDP growth slowed to 6.2% year over year, the weakest in at least 26 years.
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Cape Cod
Cape Cod National Seashore
Chamber
China
Beijing
Washington
Caixin
China Federation of Logistics & Purchasing
U.S
United States
Nantong
Jiangsu
Chinatopix
US and Poland sign 5G cooperation pact in Warsaw
American Vice President Pence and Polish Prime Minister Morawiecki signed a technology cooperation agreement in Warsaw to promote secure 5G networks amid global tensions with Huawei. The deal aligns with Prague summit principles on network security while urging Europe to avoid tech threats and protect citizen privacy.
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Warsaw
Poland
U.S
Huawei
Mike Pence
Mateusz Morawiecki
Pence
Donald Trump
Dorian
Prague
United States
Europe
Sweden
Morawiecki
Ericsson
China
Greece Ends Crisis Era Capital Controls
Greece formally ends the last remaining banking restrictions from the 2015 crisis after a multi year unwind. The full lift took effect Monday, removing limits on international transactions overseas withdrawals and remittances to students abroad as authorities signaled a return to normal payments.
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Athens
Greece
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