Latest news with #US-manufactured
Scottish Sun
7 days ago
- General
- Scottish Sun
Cologne evacuation: Around 20,000 are ordered out of German city centre after three huge unexploded WW2 bombs are found
It marked the largest evacuation of residents in the area since WW2 BOMB PANIC Cologne evacuation: Around 20,000 are ordered out of German city centre after three huge unexploded WW2 bombs are found Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) UP to 20,000 people have been forced to evacuate a historic European city after three unexploded WWII bombs were discovered. Large parts of Cologne's city centre, including hospitals, care homes and a hotel, were all cordoned off as experts defused the explosives. Sign up for Scottish Sun newsletter Sign up 3 Large parts of Cologne's city centre, including hospitals, care homes and a hotel, were all cordoned off as experts defused three explosives Credit: Alamy 3 One of the bomb sites was cordoned off by large white fences Credit: Alamy 3 People were stopping people from entering much of the historic city Credit: Alamy Several schools, kindergartens, museums and even the local tram network were shut down on Tuesday. Three bridges over the famous river Rhine were also out of use. The bombs were all US-manufactured weapons from over 80 years ago. Two were 90kg bombs with the third being a smaller 45 kg weapon. It marked the largest evacuation of residents in the area since WW2. More to follow... For the latest news on this story, keep checking back at The U.S. Sun, your go-to destination for the best celebrity news, sports news, real-life stories, jaw-dropping pictures, and must-see videos. Like us on Facebook at TheSunUS and follow us on X at @TheUSSun
The Irish Sun
7 days ago
- General
- The Irish Sun
Cologne evacuation: Around 20,000 are ordered out of German city centre after three huge unexploded WW2 bombs are found
UP to 20,000 people have been forced to evacuate a historic European city after three unexploded Large parts of Cologne's city centre, including hospitals, care homes and a hotel, were all cordoned off as experts defused the explosives. 3 Large parts of Cologne's city centre, including hospitals, care homes and a hotel, were all cordoned off as experts defused three explosives Credit: Alamy 3 One of the bomb sites was cordoned off by large white fences Credit: Alamy 3 People were stopping people from entering much of the historic city Credit: Alamy Several schools, kindergartens, museums and even the local tram network were shut down on Tuesday. Three bridges over the famous river Rhine were also out of use. The bombs were all US-manufactured weapons from over 80 years ago. Two were 90kg bombs with the third being a smaller 45 kg weapon. It marked the largest evacuation of residents in the area since WW2. More to follow... For the latest news on this story, keep checking back at The U.S. Sun, your go-to destination for the best celebrity news, sports news, real-life stories, jaw-dropping pictures, and must-see videos . Like us on Facebook at
Business Times
03-06-2025
- Business
- Business Times
US factory orders slump in April
[WASHINGTON] New orders for US-manufactured goods dropped sharply in April and business spending on equipment appeared to have lost momentum at the start of the second quarter as the boost from front-loading of purchases ahead of tariffs faded. Factory orders fell 3.7 per cent after an unrevised 3.4 per cent jump in March, the Commerce Department's Census Bureau said on Tuesday (Jun 3). Economists polled by Reuters had forecast factory orders declining 3.1 per cent. They rose 2 per cent on a year-on-year basis in April. Manufacturing, which accounts for 10.2 per cent of the economy, has been pressured by President Donald Trump's aggressive tariffs. An Institute for Supply Management survey on Monday showed manufacturing contracted for a third straight month in May and suppliers took the longest time in nearly three years to deliver inputs to factories. Trump sees the tariffs as a tool to raise revenue to offset his promised tax cuts and to revive a long-declining industrial base, a feat that economists argued was impossible in the short term because of labour shortages and other structural issues. Commercial aircraft orders plunged 51.5 per cent in April. Orders for motor vehicles, parts and trailers dropped 0.7 per cent, helping to depress transportation equipment orders by 17.1 per cent. Orders for computers and electronic products gained 1 per cent, while those for electrical equipment, appliances and components slipped 0.3 per cent. Machinery orders rose 0.6 per cent. Excluding transportation, orders fell 0.5 per cent, matching March's decline. The government also reported that orders for non-defence capital goods excluding aircraft, which are seen as a measure of business spending plans on equipment, decreased 1.5 per cent in April rather than 1.3 per cent as estimated last month. Shipments of these so-called core capital goods fell by an unrevised 0.1 per cent. Business spending on equipment rebounded sharply in the first quarter, largely driven by front-running of information processing equipment ahead of tariffs. REUTERS
Business Recorder
28-05-2025
- Business
- Business Recorder
Yen drifts ahead of Japan bond auction, dollar steady
SINGAPORE: The Japanese yen wobbled in volatile trading on Wednesday as ructions in the bond market kept the spotlight on the fiscal health of major economies while the US dollar steadied after a strong end to the previous session due to upbeat economic data. The yen was last little changed at 144.345 per dollar in early trading after dropping 1% on Tuesday in the wake of reports that Japan will consider trimming issuance of super-long bonds after a sharp rise in yields in recent weeks. The focus will remain on the Japanese bond market, with an auction of Japan's longest-tenor bonds due on Wednesday a litmus test for appetite for that type of debt as investors weigh worsening finances of major government issuers. The longest-dated Japanese government bond yields soared to all-time highs last week after a poor 20-year debt auction. On Wednesday, the yield on Japanese government bonds was slightly higher after a sharp dive in the previous session. Charu Chanana, chief investment strategist at Saxo, said the auction in Japan was unlikely to draw strong demand amid the recent surge in long-end yields. 'Even if the results are solid, a sustained decline in yields looks unlikely given BOJ policy uncertainty and fiscal concerns ahead of the July elections,' she said. 'For the yen, risks remain two-way - policy uncertainty keeps upside pressure intact amid haven flows, but a softening in US tariff rhetoric could limit gains,' Chanana added. The yen has gained nearly 9% so far in 2025 due to dollar weakness and safe-haven flows as investors flee US assets in the wake of the erratic trade policies under President Donald Trump that have roiled markets. Fiscal outlook Fiscal worries are front of mind for investors after Moody's downgrade of the US credit rating on a rising debt burden this month and soft demand for a US Treasury Department bond auction last week that lifted 30-year Treasury yields above 5%. Dollar set to end week on a high, yen at five-month low US Treasury yields were slightly elevated on Wednesday after they dipped in the previous session. The euro was flat at $1.1325 after dropping 0.5% in the previous session as a bout of dollar buying hit the markets amid signs of possible trade deals and data showing US consumer confidence in May was much better than expected. The US dollar was also boosted by Trump's decision to delay higher tariffs on the European Union over the weekend. Still, new orders for key US-manufactured capital goods plunged by the most in six months in April as the flip-flopping tariff salvos take a toll on the economy and businesses. Sterling last bought $1.3516 but stayed close to the three-year high touched on Monday, while worries about Britain's stretched finances have also weighed on investor appetite for the country's debt. The dollar index, which measures the US currency against six rivals, was last at 99.574. The Australian dollar was muted at $0.6443, a week after the country's central bank lowered interest rates by 50 basis points. The New Zealand dollar was last slightly weaker at $0.5941, ahead of a central bank decision on Wednesday where economists polled by Reuters expect a 25 basis point interest rate cut.
Engadget
23-05-2025
- Business
- Engadget
Trump threatens a 25 percent tariff on all smartphones not made in the US
After threatening Apple with a 25 percent tariff unless the company found a way to move iPhone production to the US, Bloomberg reports that President Donald Trump wants the tariff applied to other phone makers, too. "It would be also Samsung and anybody that makes that product, otherwise it wouldn't be fair," Trump said in a White House press conference following his earlier Truth Social post threatening the new tariff. "So anybody that makes that product, and that'll start on, I guess, the end of June." That means Samsung, Google, and other phone makers selling smartphones in the US would also need to find a way to move production state-side, something most experts says is economically unfeasible. While Trump's announcement lacks detail in the way many of his potentially world-altering decisions do, it does fit with the larger plan outlined in earlier tariff announcements. When electronics like smartphones were initially exempted from the larger 125 percent tariff on goods from China, it was with the promise that they would eventually be subjected to "semiconductor sectoral tariffs" at some point in the future. This new 25 percent tariff could be just that. The Trump administration has been focused on the idea of a US-manufactured iPhone for months now, but this renewed attention stems from reporting that Apple has been trying to transition iPhone manufacturing to India to avoid the worst of the global trade war. That seems like its going to get even trickier unless Trump decides on another pause or changes his mind on tariffs yet again.
