Support for capitalism in the U.S. has declined: 51% of Americans consider it ineffective
According to The Journal, in 2015, about 37 percent of those surveyed believed that capitalism was not functioning well at all.
EU plans to set electrification target by 2040 to reduce dependence on fossil fuels
The target itself has not yet been determined and remains blank in the draft.
Sweden promises to block weakening of key EU climate scheme
Sweden vows to block any attempts to weaken the EU’s Emissions Trading System (ETS) ahead of a political showdown.
Oil Tanker Movement Through Strait of Hormuz Nearly Halts
airstrikes on Iran, which led to retaliatory actions by Tehran in the Persian Gulf.
Volkswagen plans to close four plants and cut up to 90,000 jobs
The corresponding decisions could be made at the company’s board meeting on Thursday.
China’s Passenger Car Exports Surge 80% in June Amid Domestic Sales Decline
Domestic sales in China remained higher: nearly 8.3 million vehicles from January to June and about 1.5 million passenger cars in June.
Trump Changes Tone on Spain After Harsh Criticism
Stop all trade with Spain, please, including visits.
Investors Concerned: South Korea’s AI Bet Shows Cracks
South Korea’s AI-driven economic strategy faces investor skepticism amid market volatility and regulatory concerns.
Trump announces intention to halt US trade with Spain
We don’t want to do any trade with Spain anymore,” he told journalists on the eve of a meeting with other NATO leaders in Ankara.
Fed Chair Warsh: Inflation Risks Have Decreased, Central Bank to Chart ‘New Course’
He also reiterated a statement from his first press conference as Fed Chair last month, that the central bank will ensure price stability.