- Protests are underway regarding US military strikes on commercial vessels, and Narendra Modi has been advised to raise the matter with the US President.
- Industry leaders, including representatives from Mitsui O.S.K. Lines and the IEA, are providing assessments regarding maritime operations and advocating for unimpeded passage through the Strait of Hormuz.
- Energy risks for Southeast Asia are exposed due to the Iran war, causing demand shocks observed by a solar company in Manila, amidst the IEA's assessments.
- Global economic headwinds, including slowing demand in Southeast Asia and Indonesia, are compounded by geopolitical risks stemming from the Middle East conflict and US trade policies.
Global manufacturing activity was weighed down by tensions in West Asia, with India outperforming China in recent PMI figures.
1 report, 1 independent
Updated Aug 5
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What happened
Global manufacturing activity was weighed down by tensions in West Asia, with India outperforming China in recent PMI figures.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Global economic headwinds, including slowing demand in Southeast Asia and Indonesia, are compounded by geopolitical risks stemming from the Middle East conflict and US trade policies.Also in this story
- Indonesia renews a trilateral agreement to strengthen cooperation amid regional security issues.
- Carney discussed trade with Trump amid global economic worries, while war prospects affect oil markets and bond yields.
- Negative impact on international segment efficiency observed between Southeast Asia and the Middle East.
- Japan is developing charts and funding ODA projects in Southeast Asia, linking regional stability to Middle East energy flows.
The entities involved
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- India is pushing for domestic manufacturing, specifically in PCB production in Uttar Pradesh, to reduce reliance on Chinese manufacturing.
- Global economic slowdown affects both China and Europe, while China's competitive pressures are noted on major technology companies.
- India reported significant growth in exports to China and South Africa, while normalizing ties within the BRICS framework.
- BRICS members called for restraint in the Middle East while India noted its increased reliance on China due to a doubled trade deficit.
- Asian markets, including those in Maharashtra and Hong Kong, declined amid global energy supply tensions driven by West Asia conflicts.