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 ›
India’s foreign exchange reserves have reached a record $729.33 billion, but the sharp increase is less a simple reflection of broad foreign investment than the result of a targeted Reserve Bank of India effort to attract foreign currency into the… Read More ›
Rising long term bond yields are often interpreted as a warning about persistent inflation, large government borrowing requirements and uncertainty over future interest rates. But a different explanation is gaining attention: investors may also be demanding higher returns because they… Read More ›
Global financial markets are entering September with several risks developing at the same time, leaving investors to navigate an unusually complicated combination of geopolitical uncertainty, persistent inflation, elevated government borrowing costs, central bank decisions and increasingly expensive technology stocks. The… Read More ›
Stablecoins are gaining a larger role in digital finance, but their growing use does not necessarily make them suitable as a mainstream payment instrument, according to Pablo Hernandez de Cos, general manager of the Bank for International Settlements. Speaking at… Read More ›
India’s long-running debate over how packaged food should disclose health risks has entered a new phase, with the country’s food regulator proposing a prominent warning system after years of hesitation and mounting pressure from the Supreme Court. The Food Safety… Read More ›
The technology industry’s latest warning about artificial intelligence and cybercrime reflects a growing concern that conventional cybersecurity practices may not improve quickly enough to match the capabilities of increasingly advanced AI systems. More than 100 technology, financial, infrastructure and industrial… Read More ›
A catastrophic flash flood along Nepal’s northern border has highlighted how quickly instability in the high Himalayas can turn a geological event into a humanitarian disaster. Satellite imagery and preliminary scientific assessments indicate that a large section of glacier and… Read More ›
For almost two years, UniCredit chief executive Andrea Orcel has pursued a larger stake in Germany’s Commerzbank despite repeated political resistance in Berlin. What began as an unwelcome investment has gradually developed into a situation in which German officials and… Read More ›
Europe is entering the final months before winter with natural gas inventories well below levels seen in recent years, increasing the possibility of higher prices if supplies remain constrained or temperatures become unusually cold. European Union storage facilities were around… Read More ›
Nvidia has reportedly agreed to acquire artificial intelligence platform Hugging Face for $12.9 billion, according to a report based on a person familiar with the agreement. Neither company had publicly confirmed the transaction at the time of reporting, and separate… Read More ›
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