BERLIN—Germany’s services sector activity continued to grow strongly in September, but the recovery from the COVID-19 pandemic lost momentum as catch-up effects are waning and more companies are affected by supply bottlenecks, a survey showed on Tuesday. IHS Markit’s final Purchasing Managers’ Index (PMI) for the services sector fell to 56.2 from 60.8 in August,…
German Services Lose Momentum as Catch-Up Effects Wane, Supply Shortages Spill Over: PMI
Business Activity Growth Hits 12-Month Low on Supply Hold-Ups and Capacity Shortages
Business activity in the United States in September grew at its slowest monthly pace in 12 months, with supply chain hold-ups and capacity shortages hampering growth. Data firm IHS Markit said on Sept. 23 that its flash U.S. Composite PMI Output Index (pdf)—which tracks the manufacturing and services sectors—retreated to a reading of 54.5 in…
Over 60 South Korean Crypto Exchanges Set to Suspend Services Next Week
SEOUL—More than 60 cryptocurrency exchanges in South Korea must notify customers of a partial or full suspension of trading by Friday midnight, a week before a new regulation comes into effect. To continue operating, exchanges must register with the Financial Intelligence Unit by Sept. 24, providing a security certificate from the internet security agency. They…
Sheriff: Handcuffs Won’t Solve Orange County’s Homelessness Problem
July 18, 2021
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IRVINE, Calif.—Transitional housing and holistic services are needed to help get Orange County’s homeless population off the streets, says Sheriff Don Barnes. “I can tell you that we’re not going to be able to arrest our way out of the homeless problem,” Barnes told The Epoch Times. “That’s not going to happen. The only way…
Tustin Nonprofit Expands With Help of Mystery Millionaire
May 24, 2021
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An anonymous $4 million donation has helped a Tustin, California, nonprofit expand a facility that helps homeless veterans get off the streets. Orange County Rescue Mission began working to expand its Tustin Veterans Outpost site last year after that mystery donation allowed it to realize a long-held dream of growing the center. “We started talking…
Celebrating Easter in Orange County
March 30, 2021
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For Christians, Easter is one of the holiest days of the year, a celebration of the resurrection of Christ. With COVID-19 fears still lingering, however, some might not yet be comfortable with attending Easter services and other celebratory activities in person. Whether a family prefers to experience Easter services and traditions in person, online or…
Ford, Google Join Hands to Offer Cloud-Based Data Services
Ford Motor Co will tap into software, artificial intelligence and cloud computing offered by Alphabet’s Google to develop new consumer services and modernize internal operations, the companies said on Monday. As part of a six-year partnership, the Dearborn, Michigan-based automaker will incorporate the tech giant’s Android operating system into its Ford and Lincoln vehicles starting…
Trump Directs Government to Review Ways to Minimize Purchases of Chinese Goods, Services
President Donald Trump on Jan. 15 directed federal agencies to look at ways to reduce purchases of goods and services from China, in a bid to guard against espionage risks posed by the regime. Trump instructed departments and agencies to conduct a review and propose “regulatory and policy changes, including potential executive actions” to “minimize”…
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