Stocks on Wall Street fall sharply on Friday after a disappointing U.S. jobs report and downbeat data from China and Europe raise serious concerns about the health of the global economy.
China’s new drilling platform is a world-class vessel that shows the country is serious about exploiting its deepwater oil and gas resources, Caixin Online reports.
The U.S. in May generated the fewest amount of new jobs in a year and the unemployment rate ticked up, the strongest sign yet that the economy has slowed again after a fast start in early 2012.