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 economy is absorbing the latest Middle East energy shock better than initially feared, and a major reason is the unusually strong investment cycle surrounding artificial intelligence. Spending on data centres, advanced computing equipment and semiconductor production is supporting… Read More ›
Iran’s proposal to reopen the Strait of Hormuz has introduced a potentially important bargaining mechanism into the stalled effort to end the war with the United States. Tehran has indicated that shipping through the strategic waterway could resume within days… Read More ›
Artificial intelligence is moving online shopping from a system in which consumers make every important decision to one in which software can increasingly make those decisions for them. AI shopping agents can search for products, compare prices, interpret preferences and,… Read More ›
The pressure on financial stocks reflects a broader reassessment of how artificial intelligence and interest rates could change the economics of financial services. The recent decline across US financial shares brought two separate concerns into focus: whether AI could weaken… Read More ›
The European Central Bank and the national central banks of the European Union are questioning a key assumption behind Europe’s stablecoin regulation: that requiring issuers to keep a fixed portion of their reserves in bank deposits necessarily makes the system… 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 ›
