Asia's Factory Activity Slumps On China's COVID Curbs, U.S. Slowdown

Asia’s Factory Activity Slumps On China’s COVID Curbs, U.S. Slowdown

By Leika Kihara TOKYO (Reuters) – Asia’s factory activity slumped in August as China’s zero COVID curbs and cost pressures continued to hurt businesses, surveys showed on Thursday, darkening the outlook for the region’s fragile economic recovery. Manufacturing activity was weak in countries ranging from Japan, China, South Korea to Taiwan in a sign sluggish…

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China's August Factory Activity Shrinks As Orders Weaken - Caixin PMI

China’s August Factory Activity Shrinks As Orders Weaken – Caixin PMI

BEIJING (Reuters) – China’s factory activity contracted for the first time in three months in August amid weakening demand, while power shortages and fresh COVID-19 flare-ups disrupted production, a private sector survey showed on Thursday. The Caixin/Markit manufacturing purchasing managers’ index (PMI) slid to 49.5 in August from 50.4 in July, missing analysts’ expectation for…

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NASA Orders Five More Astronaut Missions From Musk's SpaceX In $1.4 Billion Deal

NASA Orders Five More Astronaut Missions From Musk’s SpaceX In $1.4 Billion Deal

WASHINGTON (Reuters) – SpaceX will launch five more astronaut missions to the International Space Station at the end of the decade for NASA under a $1.4 billion contract order announced on Wednesday, the U.S. space agency said, boosting the company’s total contracted missions for its Crew Dragon astronaut capsule to 14. (Reporting by Joey Roulette;…

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