You saw it here first

There are many contenders for “world’s greatest invention.” The wheel. The printing press. The steam engine.

According to a new book, however, that title should go to the mechanised sawmill invented by Dutchman Cornelis Corneliszoon in 1593.

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You saw it here first

There are many contenders for “world’s greatest invention.” The wheel. The printing press. The steam engine.

According to a new book, however, that title should go to the mechanised sawmill invented by Dutchman Cornelis Corneliszoon in 1593.

Continue reading...

You saw it here first

There are many contenders for “world’s greatest invention.” The wheel. The printing press. The steam engine.

According to a new book, however, that title should go to the mechanised sawmill invented by Dutchman Cornelis Corneliszoon in 1593.

Continue reading...

Trade data shows China’s exports topped forecasts in November, driven by a surge in shipments to non-US markets

Today’s trade data also shows China’s exports to the European Union grew an annual rate of 14.8% last month.

That could intensify concerns within Europe that China is dumping products in their markets, to avoid tariffs at the US border.

“I told them that if they don’t react, we Europeans will be forced to take strong measures in the coming months,”

November exports to the US were down -28.6% YoY, a three-month low, bringing the year-to-date growth to -18.9% YoY. It’s likely that November exports have yet to fully reflect the tariff cut, which should feed through in the coming months.

Also, the frontloading effect as US importers ramped up purchases ahead of tariffs will act as a headwind on trade in the coming months. Instead of the US, the beat in November’s data came from an acceleration of exports to the EU

Continue reading...

Trade data shows China’s exports topped forecasts in November, driven by a surge in shipments to non-US markets

Today’s trade data also shows China’s exports to the European Union grew an annual rate of 14.8% last month.

That could intensify concerns within Europe that China is dumping products in their markets, to avoid tariffs at the US border.

“I told them that if they don’t react, we Europeans will be forced to take strong measures in the coming months,”

November exports to the US were down -28.6% YoY, a three-month low, bringing the year-to-date growth to -18.9% YoY. It’s likely that November exports have yet to fully reflect the tariff cut, which should feed through in the coming months.

Also, the frontloading effect as US importers ramped up purchases ahead of tariffs will act as a headwind on trade in the coming months. Instead of the US, the beat in November’s data came from an acceleration of exports to the EU

Continue reading...

Trade data shows China’s exports topped forecasts in November, driven by a surge in shipments to non-US markets

Today’s trade data also shows China’s exports to the European Union grew an annual rate of 14.8% last month.

That could intensify concerns within Europe that China is dumping products in their markets, to avoid tariffs at the US border.

“I told them that if they don’t react, we Europeans will be forced to take strong measures in the coming months,”

November exports to the US were down -28.6% YoY, a three-month low, bringing the year-to-date growth to -18.9% YoY. It’s likely that November exports have yet to fully reflect the tariff cut, which should feed through in the coming months.

Also, the frontloading effect as US importers ramped up purchases ahead of tariffs will act as a headwind on trade in the coming months. Instead of the US, the beat in November’s data came from an acceleration of exports to the EU

Continue reading...

Juan Orlando Hernández thanked the Lord for being ‘a free man’ and then Trump for ‘changing my life’

Former Honduras president Juan Orlando Hernández recently thanked God and Donald Trump – in that order – for being pardoned by the latter of a drug trafficking conviction won by federal US prosecutors less than two years earlier.

Speaking in a video posted to social media and referring to the US president, Hernández eventually said Trump “changed my life, and I’ll never forget that”. But first he praised God, saying in Spanish, “You saw the injustice and suffering, and in your infinite mercy you helped us.”

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STC troops now control all eight governorates, a major setback for Emirates’ regional rival Saudi Arabia

The United Arab Emirates-backed military leadership in South Yemen has seized power across the whole of the south of the country, a move that opens up the possibility that the South will declare independence and revert Yemen to being two states for the first time since 1960.

As many as 10,000 troops from the Southern Transitional Council (STC) poured into the oil-rich Hadramaut governorate last week and later into Marah, the less-populated governorate bordering Oman, which had not previously been under its control.

Continue reading...

STC troops now control all eight governorates, a major setback for Emirates’ regional rival Saudi Arabia

The United Arab Emirates-backed military leadership in South Yemen has seized power across the whole of the south of the country, a move that opens up the possibility that the South will declare independence and revert Yemen to being two states for the first time since 1960.

As many as 10,000 troops from the Southern Transitional Council (STC) poured into the oil-rich Hadramaut governorate last week and later into Marah, the less-populated governorate bordering Oman, which had not previously been under its control.

Continue reading...