Indian Factories Hit a Speed Bump as June Demand Cools Down

Indian Factories Hit a Speed Bump as June Demand Cools Down

Indian factory floors lost some serious steam last month. Manufacturing growth just slumped to its second-slowest pace in four years. The culprit? Softening demand. It dragged down both production and hiring, though a slight dip in raw material costs offered a tiny bit of breathing room. The HSBC India Manufacturing Purchasing Managers’ Index, put together […]

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US Throws Iran a Brief Oil Lifeline, But Only China is Biting

US Throws Iran a Brief Oil Lifeline, But Only China is Biting

Washington just threw Tehran a temporary bone, but don’t expect a stampede. A surprise U.S. sanctions waiver on Iranian crude is getting a cold shoulder from Asia’s biggest refiners. They are already stuffed. That leaves China’s scrappy independent plants to scoop up the cheap barrels. The Biden administration cleared the decks on Monday, greenlighting sales […]

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Pitt's Insatiable Growth Is Rewriting the Oakland Map

Pitt’s Insatiable Growth Is Rewriting the Oakland Map

Pitt is eating Oakland. The university’s relentless expansion is reshaping the neighborhood, turning parking lots into high-density dorms and squeezing every last drop of real estate out of one of Pennsylvania’s tightest urban corridors. They want bodies. Specifically, 22,000 undergraduates on the main campus by 2028. With a record-shattering freshman class lined up for Fall […]

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