TSMC and Samsung in talks with UAE to build chip megafactories, WSJ reports
Discussions are still in the early stages, according to the outlet.
European markets flat as French and German PMIs point to renewed downturn
European stocks were flat in early trade as German and French business activity data pointed to renewed declines in the region’s two largest economies.
A stunning sterling rally is about to collide with Britain’s political realities
The pound’s rally on the back of the Bank of England communication “looks fully justified,” Chris Turner, global head of markets at ING, said.
CNBC Daily Open: Some aren’t convinced of a soft landing
Last week’s burst of euphoria was mostly driven by anticipation and celebration of the Fed’s rate cut. Markets this week will look at the hard data coming out.
China’s central bank injects cash, lowers 14-day reverse repo rate
China’s central bank injected 14-day cash into the banking system for the first time in months at a lower rate, signaling a move to ease monetary conditions.
Gen Z and millennials are increasingly ‘doom spending.’ Here’s what it is and how to stop it
‘Doom spending’ is taking off among young people, as life goals such as owning a home or starting a family feel increasingly out of reach.
China’s youth unemployment hits fresh high amid economic slowdown and restrictive hiring policies
The jobless rate for people in China ages 16 to 24, and not in school, rose to 18.8% last month. That’s up from 17.1% in July, and 13.2% in June.
Japan is pushing a 4-day working week — but its workaholic culture makes it a hard sell
Japan has ramped up its push for companies to adopt a four-day workweek, but those efforts face steep challenges in a country famous for its workaholic culture.
Australia’s REA sweetens takeover offer for Britain’s Rightmove to $8.1 billion
REA Group has raised its takeover offer for Rightmove to £6.1B ($8.12B) after the UK’s largest real estate portal rejected two previous proposals.
Asia markets mostly higher as investors digest Fed rate cut, policy moves from regional central banks
Investors assessed Friday’s monetary policy decisions from Japan and China and worries grow over the health of the Asian countries’ economy.
