China factory activity shrinks for first time since February 2020

13 Sept 11:48 Key points summarised by AI

China's manufacturing sector contracted in September (PMI of 49.6), marking the first decline since February 2020, signaling a significant economic slowdown.
Widespread power outages, driven by tight coal supplies and soaring prices, forced factory suspensions across multiple provinces, directly impacting industrial output.
Concerns over the struggling real estate sector, particularly Evergrande's debt crisis, further dampened consumer confidence and contributed to the economic downturn.
Economists predict further economic weakness and a potential slowdown in Q4, prompting calls for government policy changes to mitigate the impact.

Sihasak urges Thais in Europe to stay alert as protests spread

Yesterday 12:06 Key points summarised by AI

Thai Foreign Minister Sihasak Phuangketkeow advises Thai nationals in Europe to avoid protest areas and reconsider non-essential travel, citing widespread unrest in countries like France, Italy, and Spain.
The warning comes as demonstrations escalate, with some turning violent, prompting concerns for safety and leading to an emergency Cabinet meeting in Italy and a proposed postponement of diplomatic talks.
Thai embassies and the Department of Consular Affairs issue advisories, urging citizens to monitor local developments, follow official announcements, and register their travel details for assistance, while emphasizing that no Thais have been directly affected yet.