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GlobalFoundries Partners with U.S. Department of Commerce for $300 Million Silicon Photonics R

GlobalFoundries Partners with U.S. Department of Commerce for $300 Million Silicon Photonics R

GlobalFoundries Partners with U.S. Department of Commerce for $300 Million Silicon Photonics R
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U.S. Manufacturing Activity Reaches Four-Year High Amid Strong Demand and Hiring

U.S. Manufacturing Activity Reaches Four-Year High Amid Strong Demand and Hiring

U.S. Manufacturing Activity Reaches Four-Year High Amid Strong Demand and Hiring
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Vietnam Urged to Proactively Attract High-Quality FDI from the US

Vietnam Urged to Proactively Attract High-Quality FDI from the US

Vietnam Urged to Proactively Attract High-Quality FDI from the US
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Japan Considers Stockpiling U.S. Oil to Enhance Energy Security Amid Middle East Tensions

Japan Considers Stockpiling U.S. Oil to Enhance Energy Security Amid Middle East Tensions

Japan is exploring the possibility of stockpiling U.S. oil domestically as part of its strategy to diversify procurement sources and strengthen energy security. Prime Minister Sanae Takaichi announced this initiative during her visit to the United States, highlighting Japan's dependency on Middle Eastern oil supplies, which account for over 90% of its imports. The closure of the Strait of Hormuz has exacerbated supply shortages and price increases, impacting various Japanese industries. Japan's strategic reserves currently include joint stockpiles with Saudi Arabia, the UAE, and Kuwait, totaling about 13 million barrels.
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US manufacturing activity jumps to more than four-year high in July

US manufacturing activity jumps to more than four-year high in July

WASHINGTON, Aug 3 (Reuters) - U.S. manufacturing activity increased to the highest level in more than four years in July amid strong order growth, boosting factory employment, though the Middle East conflict is straining supply chains and keeping input costs elevated.
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US manufacturing activity hits more than four-year high; input prices elevated

US manufacturing activity hits more than four-year high; input prices elevated

By Lucia Mutikani WASHINGTON, Aug 3 (Reuters) - U.S. manufacturing activity increased to the highest level in more than four years in July amid strong order growth, boosting factory employment, though the conflict in the Middle East is straining supply chains and keeping input costs elevated.
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Ecuador's President Daniel Noboa to Meet UAE Minister for AI to Boost Bilateral Cooperation

Ecuador's President Daniel Noboa to Meet UAE Minister for AI to Boost Bilateral Cooperation

Ecuador's President Daniel Noboa is scheduled to meet with Omar Sultan Al Olama, the UAE's Minister of State for Artificial Intelligence, Digital Economy, and Remote Work, on August 3, 2026. The meeting aims to enhance bilateral cooperation in technology, innovation, and strategic sectors. The agenda includes discussions on infrastructure, energy, logistics, artificial intelligence, digital transformation, and investment security. The visit is expected to open new opportunities in innovation and address initiatives related to the digital economy, new technologies, and investments. The UAE minister will also meet with Ecuador's Foreign Minister Roberto Kury and other high-ranking government officials.
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Japan's Manufacturing Output Surges Due to AI and Chip Demand, Raising Economic Prospects

Japan's Manufacturing Output Surges Due to AI and Chip Demand, Raising Economic Prospects

Japan's manufacturing sector experienced significant growth in July, marking its fastest pace in nearly twelve-and-a-half years. This surge is attributed to a rise in orders related to semiconductors and artificial intelligence products, as reported by the S&P Global survey. The Japan Manufacturing Purchasing Managers' Index (PMI) recorded a score of 54.5, indicating a strong expansion in manufacturing activities. The increase in manufacturing output was driven by the highest rise in new orders since January 2022, with export orders growing at their fastest rate in over five years, primarily fueled by demand from Asia and the United States. Despite the positive growth, the sector faces challenges such as capacity pressures and elevated input costs due to ongoing geopolitical tensions in the Middle East.
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Christopher Kinahan Jr. Receives New Visa in Dubai Despite U.S. Sanctions

Christopher Kinahan Jr. Receives New Visa in Dubai Despite U.S. Sanctions

Christopher Kinahan Jr., a key figure in the Kinahan Organized Crime Group, has been issued a new visa in Dubai, according to a review of public immigration records by Bellingcat and The Sunday Times. This development comes despite Kinahan Jr. being a sanctioned individual with a $5 million reward offered by the U.S. government for information leading to his arrest. The Kinahan cartel, involved in drug trafficking, money laundering, and arms smuggling, has been linked to Iran's intelligence services and Hezbollah. The U.S. government sanctioned the cartel's senior leadership, including Christy Kinahan and his sons, in 2022. Despite these sanctions, the cartel's leaders continue to reside in Dubai, with some holding active residence permits.
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Pakistan Seeks to Double Trade with the U.S. to $20 Billion in Five Years

Pakistan Seeks to Double Trade with the U.S. to $20 Billion in Five Years

Pakistan aims to increase its trade with the United States to $20 billion over the next five years. Deputy Prime Minister Ishaq Dar emphasized the strategic and economic partnership between the two nations, highlighting opportunities in technology, energy, and manufacturing. Meetings with U.S. Congressmen and business leaders focused on enhancing trade ties and investment. Pakistan's improving economic indicators and structural reforms are presented as attractive to U.S. investors, with the presence of over 80 American companies in the country reflecting confidence in its market.
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South Korea's July Exports Surpass Expectations Due to AI Chip Demand

South Korea's July Exports Surpass Expectations Due to AI Chip Demand

South Korea's exports in July significantly exceeded forecasts, driven by robust demand for AI chips and computers. Exports rose 62.8% year-over-year to $98.89 billion, surpassing the 59.0% increase predicted by economists. This growth was primarily fueled by a 179% surge in semiconductor exports and a 404% increase in computer exports, reflecting strong global investment in AI technology. Despite this, South Korea's benchmark KOSPI index experienced a 22% decline in July, its largest monthly drop since 2008, due to a sell-off in AI-related shares. However, the index rebounded with a record rally as investment returned to global semiconductor stocks. Exports to China and the U.S. saw significant increases, while imports rose 26.5%, resulting in a trade surplus of $30.32 billion.
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NBA Cancels Abu Dhabi Preseason Games Amid Middle East Conflict

NBA Cancels Abu Dhabi Preseason Games Amid Middle East Conflict

NBA Cancels Abu Dhabi Preseason Games Amid Middle East Conflict