On Tuesday, Foxconn, the world’s largest contract chipmaker, said it expects the second half of this year to be “in a better direction” since COVD-19 lockdown appears to be easing in Shanghai. “We are quite confident in the stability of… Read More ›
In a significant development Turkish President Tayyip Erdogan said, Ankara cannot allow countries that support terrorism to in NATO, in reference to Finland and Ankara’s bid to join the military alliance. “For as long as Tayyip Erdogan is the head… Read More ›
Efforts by Bern to refresh free trade agreement with China have hit roadblocks stemming from China’s dismal human rights record. In 2013, both countries had signed a free trade agreement, marking Beijing’s first such deal with an economy in continental… Read More ›
In a statement German Economy Minister Robert Habeck expressed concerns over the European Union’s unity on Russia, saying he is seeing signs that they are “starting to crumble”. Habeck made the comments ahead of a summit to discuss an oil… Read More ›
Microsoft’s retreat from parts of its China business reflects a deeper problem facing American technology companies operating between two increasingly separate technology systems. The company has closed at least 15 offices and joint ventures over the past five years and… Read More ›
Global oil reserves are facing an unprecedented test as the United States-Iran war continues to disrupt production, exports and shipping routes across the Gulf. The immediate question is not whether the world has enough oil underground, but whether enough usable… Read More ›
India’s leading automobile manufacturers privately raised concerns about contaminated petrol reaching vehicles even as the industry publicly supported the government’s nationwide transition to E20 fuel, according to internal communications and testing data reviewed in recent reporting. The findings are significant… Read More ›
Britain’s artificial intelligence boom is beginning to show up in economic data, but the early gains reveal a more complicated story than a simple technology-led recovery. Recent figures show strong growth in computer programming and related services, a sharp increase… Read More ›
Europe’s increasingly severe summer heat is becoming an economic variable that financial markets can no longer treat as a temporary weather disturbance. Record temperatures, drought and wildfires are disrupting river transport, agricultural production and parts of the energy system, creating… Read More ›
The sharp deterioration in the United States jobs market has complicated the Federal Reserve’s emerging case for higher interest rates, forcing investors to reconsider expectations for a September increase even as inflation remains well above the central bank’s target. The… Read More ›
The Trump administration’s latest trade action on polysilicon marks a significant expansion of its strategy to challenge China’s industrial dominance. By combining a 15 percent tariff with minimum import prices on polysilicon and several downstream products, Washington is attempting to… Read More ›
Space is becoming crowded enough to create a new commercial problem: what happens when the satellites and rockets that support the global economy stop working? The answer is increasingly clear. They do not simply disappear. Defunct satellites, spent rocket stages… Read More ›
The Iran-US war is producing a striking divide across the global economy. Consumers, airlines, manufacturers and transport companies are facing higher energy costs, while major oil and gas companies are benefiting from the same disruption through higher crude prices, stronger… Read More ›
The United States has broadened its use of import restrictions against Chinese companies by adding dozens of additional firms to the Uyghur Forced Labor Prevention Act Entity List, extending scrutiny across industries ranging from electronics and pharmaceuticals to food processing,… Read More ›
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