Australian retail turnover reached another record high in September as consumers were still willing to spend despite interest rate hikes and increasing living cost pressures. According to the Australian Bureau of Statistics (ABS), retail trade climbed for nine consecutive months in September, rising by another 0.6 percent during the period, following a 0.6 percent hike…
Japanese Companies Assess Cost of Decoupling From China’s Supply Chain
October 31, 2022
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More Japanese companies are considering weaning themselves from Chinese supply chains after more than 2,000 of them have withdrawn from China since COVID-19. Some 26 percent of Japan’s total imports came from China in 2020, and while Japan may still have close economic ties with China, tensions between Washington and Beijing amid international tensions have…
Looking Beneath the Veneer of Victoria’s Economy
Commentary Many are starting to realise that Victoria’s economy is a house of cards built on a foundation of printed money; the question is, for how much longer can this be denied? CommSec’s October quarter State of the States report finds that Victoria is the second worst performing state in the nation, “bested’ to the…
Chubb Runs for 2 TDs, Browns Blast Burrow, Bengals 32–13
CLEVELAND—Nick Chubb rushed for two touchdowns and Myles Garrett and Cleveland’s defense frustrated Joe Burrow as the Browns thrashed Cincinnati 32–13 on Monday night, Oct. 31, keeping the Bengals star quarterback winless against them. Garrett, who came to FirstEnergy Stadium wearing a Halloween costume, led a scary defense that sacked Burrow five times and held…
UN, Turkey, Ukraine Press Ahead With Black Sea Grain Deal Despite Russian Pullout
KYIV/NEW YORK—The United Nations, Turkey and Ukraine are pressing ahead to implement a Black Sea grain deal with a transit plan in place for 16 ships on Monday, despite Russia suspending its participation in the pact that has allowed the export of Ukrainian agricultural products to world markets. Russia, which invaded Ukraine on Feb. 24,…
Delta Pilots Authorize Strike, but Walkout Remains Unlikely
ATLANTA — Pilots at Delta Air Lines voted to authorize union leaders to call a strike, but it might be a largely symbolic gesture, as hurdles remain before the pilots can legally walk off the job. The Air Line Pilots Association said Monday that 96 percent of Delta pilots took part in the vote, and…
Japan’s Factory Output Falls for First Time in Four Months as Firms Battle Rising Costs
TOKYO—Japan’s factory output fell in September for the first time in four months as manufacturers grappled with rising raw materials costs and global economic slowdown, and is likely to fall again next month before picking up in November, the government said. In a brighter sign for the world’s third-largest economy, retail sales grew for a…
Family in Oklahoma Murder-Suicide Faced Financial Pressures
BROKEN ARROW, Okla.—An Oklahoma couple considered “primary suspects” in last week’s killings of their six children faced growing financial pressures and the husband experienced recurring pain from a workplace head injury, according to family members. Eight people were found dead Thursday in a burning home in a Tulsa-area suburb in what authorities are investigating as…
Auburn Fires Coach Bryan Harsin, Who Won 9 of 21 Games
AUBURN, Ala. — Auburn fired coach Bryan Harsin on Monday after less than two seasons, ending a rocky tenure in which the proud program struggled to compete in the Southeastern Conference. Harsin went 9-12 overall and 3-5 this year. Auburn has lost four straight games while struggling against Power Five opponents, including a 41-27 loss…
Police Standoff Ends With Man Shot in Mobile, Alabama
MOBILE, Ala.—A man with a gun held police at bay outside a government building for more than five hours Monday, shutting down part of downtown Mobile, Alabama, before shooting himself, authorities said. The man, who wasn’t immediately identified, was believed to have suffered a life-threatening wound, but his condition wasn’t immediately available, Police Chief Paul…
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