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Xinhua World Economic News Summary, 0930 GMT, August 5 – Illinoisnewstoday.com

Xinhua World Economic News Summary, 0930 GMT, August 5 – Illinoisnewstoday.com

The Washington-Institute for Supply Management reported on Wednesday that the US service sector recorded record growth in July, despite a surge in cases of the COVID-19 Delta variant. According to the latest Services ISM Report on Business, the Services Purchasing Managers’ Index (PMI) is 64.1%, 4 percentage points higher than the June figure. Numbers above

The Washington-Institute for Supply Management reported on Wednesday that the US service sector recorded record growth in July, despite a surge in cases of the COVID-19 Delta variant.

According to the latest Services ISM Report on Business, the Services Purchasing Managers’ Index (PMI) is 64.1%, 4 percentage points higher than the June figure. Numbers above 50% indicate that the service sector is generally expanding. (US-Service-PMI)

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Kiev-Ukraine has adopted a new energy security strategy that envisions closer energy cooperation with the European Union (EU), a government spokesman said in a statement Wednesday.

According to the statement, the strategy features seven strategic goals, including the integration of the Ukrainian energy sector into the EU’s political, technical, technical, economic and legal spaces. (Ukraine-Energy Security-EU)

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Harare-China’s Tsingshan Holding Group plans to build a 1.2 million tonnes steel plant annually in Zimbabwe with a US $ 1 billion investment, sources say.

Projects proposed by the world’s top nickel and stainless steel producers include the development of iron ore mines and furnaces for producing ferrochrome. (Zimbabwe-China-Investment)

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NEW DELHI-The Government of India said Wednesday that it recorded a record US $ 81.72 billion inflow of foreign direct investment (FDI) during the 2020-21 fiscal year.

This information was provided by Som Parkash, Deputy Minister of Commerce and Industry, in a written response to the House of Representatives of India (locally known as Lok Sabha). (India-FDI)

Xinhua World Economic News Summary, 0930 GMT, August 5

Source link Xinhua World Economic News Summary, 0930 GMT, August 5

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