BERLIN—German manufacturers slightly increased outputs in May, buoyed by order backlogs, increased staffing, and, in some cases, improved materials availability, but a further decline in new orders mean rough seas ahead, a survey found on Wednesday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of the economy, came…
Backlogs, More Staff Help German Factories Against Headwinds: PMI
June 2, 2022
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LIVE UPDATES: Russia Warns US Rocket Supplies Could Widen Ukraine Conflict
The latest on the Russia–Ukraine crisis, June 2. Click here for updates from June 1. Russia Warns US Rocket Supplies Could Widen Ukraine Conflict Russian Foreign Minister Sergei Lavrov said on Wednesday that the supply of advanced rocket launchers to Ukraine by the United States raised the risks of a “third country” being drawn into…
LIVE UPDATES: Russia Tightens Grip on Ukrainian Factory City, Decries US Rocket Supplies
The latest on the Russia–Ukraine crisis, June 2. Click here for updates from June 1. Russia Tightens Grip on Ukrainian Factory City, Decries US Rocket Supplies Russian forces tightened their grip on an industrial Ukrainian city as part of their drive to control the eastern Donbass region and targeted rail links used to ferry in…
More Seek Gun Training in Taiwan as Ukraine War Drives Home China Threat
TAIPEI, Taiwan—From tour guides to tattoo artists, some in Taiwan are taking shooting lessons for the first time in their lives as Russia’s invasion of Ukraine ratchets up anxiety at the prospect of the neighboring China making a similar move on the self-ruled island. The Chinese regime’s growing military pressure on the island, combined with…
US Providing New $700 Million in Military Aid for Ukraine
President Joe Biden on Wednesday announced another $700 million in military aid to Ukraine, coming just days after he signed a Congress-passed deal worth $40 billion. “The United States will stand with our Ukrainian partners and continue to provide Ukraine with weapons and equipment to defend itself,” Biden said in a statement released by the…
Latest US Weapons Shipment to Ukraine Triggers Warning From Kremlin
After President Joe Biden confirmed in an opinion article that the United States will send advanced rocket systems to Ukraine, Russian officials issued a warning. Writing in the New York Times, Biden said his administration will send “more advanced rocket systems” to Kyiv as part of a new military package. “We have moved quickly to…
Russian Manufacturing Activity Returns to Growth in May—PMI
Russian manufacturing activity expanded in May after three months of contraction and price pressures eased notably, but sanctions continued to dent client demand, a survey showed on Wednesday. The S&P Global Purchasing Managers’ Index (PMI) rose to 50.8 from 48.2 in the previous month, climbing above the 50.0 mark that separates expansion from contraction for…
Gazprom Cuts Gas Supply to Orsted and Shell Energy
June 1, 2022
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Russian gas producer Gazprom has cut off gas supplies to Denmark’s Orsted and to Shell Energy for its contract to supply gas to Germany, it said on Wednesday, citing the companies’ failure to make payments in rubles. Gazprom has already halted supplies to Dutch gas trader GasTerra, as well as to Bulgaria, Poland, and Finland…
Oil Firms on EU’s Russian Oil Ban and End of Shanghai Lockdown
June 1, 2022
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LONDON—Oil prices firmed on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai. Brent crude was up $1.71, or 1.5 percent, at $117.31 a barrel by 0817 GMT. U.S. West Texas Intermediate (WTI) crude rose $1.67, or 1.5 percent, to…
Stocks Slip, Bond Yields Rise on Inflation Worries
LONDON—Global stocks fell and bond yields rose on Wednesday, while the dollar strengthened, as investors fretted over soaring inflation and the impact on global growth from looming interest rate rises. Europe’s STOXX 600 index turned negative in morning trading, giving up early gains of 0.3 percent. British stocks fell 0.2 percent. To blame were drops…
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