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The German chemical industry association VCI stated that sector output will not rebound this year. It cited ongoing effects from the Middle East conflict and weak demand.
winnipegfreepress.comThe group said the Middle East conflict continues to weigh on business conditions and that demand remains weak.
VCI noted that production volumes have not returned to pre-conflict levels. The association added that companies face higher input costs and uncertain supply routes.
stated that investment plans are being scaled back for the remainder of the year. The group said it will publish updated figures in its next quarterly report.
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Al JazeeraFlooding across southern Texas has killed at least two people and triggered more than 230 rescues. Heavy rainfall since Monday has swollen rivers and prompted a large emergency response.
ndtv.comThe Department of Homeland Security announced a rule replacing open-ended journalist visas with fixed terms of 240 days, or 90 days for Chinese nationals. China called the policy discriminatory and reserved the right to respond with countermeasures.
abcnews.go.comThe upper house approved legislation on Friday that permits the imperial family to adopt distant male relatives over age 15 and lets women retain royal status after marrying commoners. The measure leaves intact the ban on female emperors.