China’s economy is showing signs of cooling, with fixed-asset investment slowing to a nearly two-decade low. (WSJ)
Germany’s economic growth accelerated in the second quarter, expanding 1.8% in annualized terms. (WSJ)
Foxconn Technology Group posted a surprise 2.2% decline in second-quarter profit. (WSJ)
VF Corp. plans to spin off its denim brands and its outlet stores into a separate business. (WSJ)
Tesla Inc. Chief Executive Elon Musk says Saudi Arabia’s sovereign-wealth fund has approached him about providing financial support to take the auto maker private. (WSJ)
A drought in Australia is raising concerns about a potential wool shortage. (Sourcing Journal)
The National Retail Federation sharply raised its U.S. retail sales forecast for the year to at least 4.5% growth over last year. (Logistics Management)
Malaysia eliminated its export tax rate on crude palm oil amid falling prices and rising inventory. (Nikkei Asian Review)
Grocery chain H-E-B is replacing a Houston supermarket with an e-commerce fulfillment center. (Progressive Grocer)
Developers began construction of a 1.1 million-square-foot speculative distribution center near Shippensburg, Pa. (Business Journal)
Troubled South Korean shipbuilder Samsung Heavy Industries is asking workers to take unpaid leave. (Lloyd’s List)
Tanker operator Euronav NV cut its second-quarter loss almost in half to $12.5 million. (American Shipper)
U.S. importers are being required to post higher customs bonds because of rising tariffs. (Journal of Commerce)
Teamsters union local leaders approved new labor deals with United Parcel Service Inc. (Atlanta Journal-Constitution)
Fuel-cell truck developer Nikola Motor Co. has raised half its $200-million goal in its third funding round. (Trucks.com)
U.S. freight brokers saw record demand in the second quarter but transport costs also jumped 37%. (DC Velocity)
A new group called LGBT Truckers hopes to combat discrimination against its truck-driver members. (Fleet Owner)
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