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 ›
The global diesel market is facing a supply problem that is becoming less about the availability of crude oil and more about the ability to convert, move and store refined fuel. Disruptions linked to the conflicts involving Iran and Russia… Read More ›
The shutdown of Saudi Arabia’s East-West pipeline has exposed a weakness in Asia’s crude oil supply system that extends well beyond one damaged export route. The pipeline normally provides Saudi Arabia with an alternative path from its major eastern oil-producing… Read More ›
China is approaching its latest meeting with the United States from a position shaped less by diplomatic symbolism than by the continued strength of its external trade. Despite years of tariffs, restrictions on technology and efforts by Washington and its… Read More ›
France’s bond market is increasingly reflecting a problem that has been building for years: the country has struggled to bring its public finances under control while the cost of servicing its debt has become more sensitive to higher interest rates…. Read More ›
Europe’s artificial intelligence challenge is no longer simply about whether its companies can produce competitive technology. The more immediate problem is that European businesses and public institutions are becoming increasingly dependent on computing infrastructure, cloud services and AI systems controlled… Read More ›
China is preparing for a future in which artificial intelligence systems can perform increasingly complex tasks with less direct human supervision. The concern is no longer limited to inaccurate answers, biased outputs or misuse by people. Chinese regulators and researchers… Read More ›
The accelerating loss of Himalayan glaciers is changing the region’s water security risk from a distant environmental concern into a growing economic and livelihood problem. New assessments show that glaciers across the Hindu Kush Himalaya are losing ice at an… Read More ›
The US Federal Reserve is approaching a potentially important shift under Chairman Kevin Warsh, with stubborn inflation and renewed energy costs making an interest rate increase increasingly likely. The significance of the expected move extends beyond the quarter-point adjustment itself…. Read More ›
The latest decline in the S&P 500 software sector is revealing a deeper change in how investors value traditional software companies in the artificial intelligence era. The immediate trigger was the release of OpenAI’s latest model, GPT-6 Astra, which revived… Read More ›
The approach of the 10 year US Treasury yield toward 5 percent is becoming a test for an unusually expensive and heavily leveraged financial system. The yield recently reached about 4.8 percent, its highest level since October 2023, bringing investors… Read More ›
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