Financial Times on Nostr: FirstFT: Multinationals fret of weak demand in China ========== Multinationals in the ...
FirstFT: Multinationals fret of weak demand in China
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Multinationals in the global consumer goods sector are concerned about weak demand in China, with L'Oréal CEO Nicolas Hieronimus noting that consumer confidence in China remains very low due to an unhealthy job market and the devaluation of real estate. The Australian wine industry is also facing a crisis as global consumers turn away from lower-priced brands. In US politics, a new FT Michigan Ross poll shows that Democratic presidential candidate Joe Biden is leading President Donald Trump on the economy. Ukrainian troops have advanced 30km inside Russia since the start of their operation, despite reinforcements from Russia. The Republican candidate's campaign claims that its internal emails have been hacked by Iran. The head of a global industry body warns that shipowners are concerned about the return of Trump's protectionism and an intensifying US-China trade war. Chinese wind turbine manufacturers are accused of benefiting from unfair state subsidies by some European rivals. Pakistan's military supports Islamabad's restructuring under a $7bn loan deal with the IMF. Restaurant critic Marina O'Loughlin writes about her love of plane food.
#China #ConsumerGoods #Economy #WineIndustry #UsPolitics #Ukraine #Iran #TradeWar #WindTechnology #Pakistan #RestaurantCritic
https://www.ft.com/content/18c0cf2b-c4e6-4a99-a2f8-8a89a5613c9e
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Multinationals in the global consumer goods sector are concerned about weak demand in China, with L'Oréal CEO Nicolas Hieronimus noting that consumer confidence in China remains very low due to an unhealthy job market and the devaluation of real estate. The Australian wine industry is also facing a crisis as global consumers turn away from lower-priced brands. In US politics, a new FT Michigan Ross poll shows that Democratic presidential candidate Joe Biden is leading President Donald Trump on the economy. Ukrainian troops have advanced 30km inside Russia since the start of their operation, despite reinforcements from Russia. The Republican candidate's campaign claims that its internal emails have been hacked by Iran. The head of a global industry body warns that shipowners are concerned about the return of Trump's protectionism and an intensifying US-China trade war. Chinese wind turbine manufacturers are accused of benefiting from unfair state subsidies by some European rivals. Pakistan's military supports Islamabad's restructuring under a $7bn loan deal with the IMF. Restaurant critic Marina O'Loughlin writes about her love of plane food.
#China #ConsumerGoods #Economy #WineIndustry #UsPolitics #Ukraine #Iran #TradeWar #WindTechnology #Pakistan #RestaurantCritic
https://www.ft.com/content/18c0cf2b-c4e6-4a99-a2f8-8a89a5613c9e