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07/08/2025
Cathay Pacific stock price drops 10%.
Latest
2 m ago
The Bank of England may cut interest rates for the fifth time in 12 months on Thursday, but continued concerns about inflation could lead to disagreement among its decision-makers and make the outlook for its next steps unclear. Governor Andrew Bailey and a majority of members of the Monetary Policy Committee are expected to support lowering the bank rate from 4.25% to 4%. They are making this decision due to slowing employment growth exacerbated by increased taxes for employers and the trade war initiated by US President Donald Trump. However, two members of the Monetary Policy Committee may propose a larger rate cut to boost the economy, while two others may oppose a cut due to concerns about inflation. This voting pattern, last seen in May, reflects the conflicting pressures facing the Bank of England. Investors will closely watch whether the Bank of England will stick to its "gradual and cautious" approach to reducing borrowing costs. Economists generally interpret this approach to mean that rates will be cut once every three months.
2 m ago
China Construction Machinery Industry Association: In July, the main products of construction machinery had a monthly utilization rate of 56.2%, a year-on-year decrease of 6.72 percentage points.
3 m ago
Under the influence of climate, the coverage rate of hard corals in the Great Barrier Reef has significantly decreased.
3 m ago
Samsung will produce the next generation of chips for Apple at a factory in Texas, USA.
3 m ago
Samsung Electronics company announced on Thursday that it will produce Apple's next-generation chips at a chip fabrication plant in Austin, Texas. Apple stated that they are collaborating with Samsung at the Austin plant to develop an innovative new chip manufacturing technology. This is the first time this technology is being introduced in the United States, and the factory will provide chips that optimize the energy efficiency and performance of Apple products, including iPhones sold globally. Industry observers believe that this chip is likely a CMOS image sensor (CIS) for the next generation iPhone. Samsung declined to confirm the details.
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