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German defence giant Rheinmetall to take over warship maker
German defence giant Rheinmetall to take over warship maker
by  AFP

Germany's Rheinmetall has struck a deal to take over a warship builder, both companies said, the defence giant's latest expansion to meet booming demand as European countries rush to rearm. European countries have been racing to build up their militaries since Russia's 2022 invasion of Ukraine.

US-China trade talks resume in Madrid
US-China trade talks resume in Madrid
by  AFP

China and the United States resumed trade talks on Monday in Madrid, seeking to narrow differences on trade and technology that have strained relations between the world's two largest economies. Over the weekend, China launched investigations into the US semiconductor sector, signalling frictions remain high despite the Madrid talks.

Chinese factory, consumer activity slow amid economy struggles
Chinese factory, consumer activity slow amid economy struggles
by  AFP

China's economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year. Industrial production edged up 5.2 percent year-on-year in August, according to data from the National Bureau of Statistics (NBS), the slowest pace since the same month last year.

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