FT News Briefing Delays hit Biden’s signature manufacturing laws
6 snips
Aug 13, 2024 Tensions rise as Russia trains its navy to target European sites with nuclear missiles. Meanwhile, 40% of major manufacturing investments tied to Biden’s industrial policies face delays, affecting rural communities awaiting job opportunities. On a different note, fears of Chinese deflation may ease with a modest rise in consumer prices, hinting at potential economic recovery. Dive into the complexities of these pressing global issues and their interconnected impacts.
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Russia's Nuclear Targeting Plans
- Leaked Russian military files reveal plans to target European sites with nuclear-capable missiles.
- These plans, dating back to 2008-2014, include 32 NATO targets and potentially hundreds more across Europe.
China's Economic Slowdown
- China's economy is facing challenges, including a slowdown in the property sector and decreased consumer spending.
- Upcoming monthly data may indicate a potential improvement in the economic situation.
China's Real Estate Woes
- The Chinese real estate sector has experienced a prolonged slowdown, impacting construction, land transactions, and home prices.
- This has created a ripple effect across the economy due to houses being a core component of household wealth in China.