China announced new countermeasures against the United States on Wednesday, including tighter controls on drone-related exports. It also restricted dealings with seven American entities. The measures took effect on August 5 after recent U.S. technology and import restrictions. China’s Ministry of Commerce said controlled drones, key components and related technologies will face stricter U.S.-bound export reviews. The rules apply to items already covered by China’s dual-use export control system. They do not create a blanket ban on all Chinese drone shipments to the American market. Exporters must seek approval for each covered shipment rather than use streamlined licensing procedures. Authorities will review the products, end users and intended uses under existing export control rules. The order covers unmanned aerial vehicles, important parts and technologies that meet China’s controlled-item thresholds. China already regulates certain drone engines, communications equipment, sensors and anti-drone systems. It also bars civilian drones from exports for military purposes. The new step adds closer scrutiny for controlled products heading specifically to the United States. Beijing also barred Chinese organizations and individuals from transactions or cooperation with six U.S. entities. The list includes Applied DNA Sciences, Stratum Reservoir, Altana Technologies, the Responsible Business Alliance, Verité Group and Human Rights in China. Chinese authorities accused the organizations of supporting U.S. restrictions linked to alleged forced labor in Xinjiang. A separate order imposed the same business ban on Compliance Testing LLC. China said the Arizona testing company had supported Federal Communications Commission measures affecting Chinese technology companies.
Headline inflation across OECD economies eased to 4.2% in June 2026 from 4.6% in May, ending three straight monthly increases. The measure tracks annual changes in consumer prices across the group’s member countries. Inflation declined in 20 economies, increased in six and remained stable or broadly stable in 12. Nine OECD countries recorded inflation at or below 2%, including three where the rate stood below 1%. Energy prices drove much of the monthly easing. OECD energy inflation fell four percentage points to 11.7% year on year, after reaching 15.8% in May. The rate declined in 24 of the 37 countries with available data.
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China announced new countermeasures against the United States on Wednesday, including tighter controls on drone-related exports. It also restricted dealings with seven American entities. The measures took effect on August 5 after recent U.S. technology and import restrictions. China’s Ministry of Commerce said controlled drones, key components and related technologies will face stricter U.S.-bound export reviews. The rules apply to items already covered by China’s dual-use export control system. They do not create a blanket ban on all Chinese drone shipments to the American market. Exporters must seek approval for each covered shipment rather than use streamlined licensing procedures. Authorities will review the products, end users and intended uses under existing export control rules. The order covers unmanned aerial vehicles, important parts and technologies that meet China’s controlled-item thresholds. China already regulates certain drone engines, communications equipment, sensors and anti-drone systems. It also bars civilian drones from exports for military purposes. The new step adds closer scrutiny for controlled products heading specifically to the United States. Beijing also barred Chinese organizations and individuals from transactions or cooperation with six U.S. entities. The list includes Applied DNA Sciences, Stratum Reservoir, Altana Technologies, the Responsible Business Alliance, Verité Group and Human Rights in China. Chinese authorities accused the organizations of supporting U.S. restrictions linked to alleged forced labor in Xinjiang. A separate order imposed the same business ban on Compliance Testing LLC. China said the Arizona testing company had supported Federal Communications Commission measures affecting Chinese technology companies.
Business
Headline inflation across OECD economies eased to 4.2% in June 2026 from 4.6% in May, ending three straight monthly increases. The measure tracks annual changes in consumer prices across the group’s member countries. Inflation declined in 20 economies, increased in six and remained stable or broadly stable in 12. Nine OECD countries recorded inflation at or below 2%, including three where the rate stood below 1%. Energy prices drove much of the monthly easing. OECD energy inflation fell four percentage points to 11.7% year on year, after reaching 15.8% in May. The rate declined in 24 of the 37 countries with available data.
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Automotive
The restructuring strategy, formally named the Future Package, was negotiated between the executive leadership of Porsche and the General Works Council in coordination with the metalworkers union IG Metall and the employers association Südwestmetall. Executives emphasized that workforce reductions will be executed through socially responsible mechanisms, including expanded partial retirement programs, voluntary severance packages, and natural demographic attrition. Management explicitly ruled out compulsory redundancies through 2035, while extending existing site guarantees for five years. In exchange for labor concessions, the automaker committed 2.1 billion euros in capital investments dedicated to upgrading its assembly plant in Stuttgart-Zuffenhausen and its research facility in Weissach.