China Economic Growth 'Downside Risk' Looms; Goldman Warns After July Macro-Miss-Fest

EU Auto Giants Call For 'Made In Europe' Incentives Amid Rising Chinese Competition Europe's largest automakers are stepping up efforts to secure stronger support for domestic vehicle manufacturing as competition from Chinese electric vehicle producers intensifies. Renault, Volkswagen, and Stellantis have jointly urged EU policymakers to introduce rules that more heavily reward cars developed and produced within Europe, according to FT. The companies are advocating for a straightforward local content requirement under which vehicles sold as European would need to source the majority of their components from within the EU and...

Russian President Vladimir Putin told US envoy Steve Witkoff during a meeting in St. Petersburg on Wednesday that Russia was ready to resume trilateral talks with the US and Ukraine next month. “Our president informed Steve Witkoff that we are ready in principle to resume the above-mentioned trilateral talks around November 10 on the main […]

Iran Rejects US Proposed Ceasefire, Counters With 5 Conditions For Ending War, As US Troops En Route Summary Iran Does Not Accept Ceasefire, Issues 5 Conditions, Says US Talks Illogical. The statement says that talks are not viable in current conditions, oil rising. 3,000 elite Army Airborne soldiers & Marines still en route after Trump said Monday says Iran has been destroyed "militarily".  Iran is tightening control of Hormuz, demanding detailed ship data and in some cases large fees for passage. Iran continues to say it is ready for long war, monitors US troop movements: Parliament Speaker...