The holiday shopping season got off to a fast start amid deep discounting, and U.S. retail sales surprisingly increased in November. This is likely to keep the economy on a moderate growth path this quarter and allay fears of a… Read More ›
Entrepreneurship
ADB Says Developing Asia Will Have A Better End To 2023 As China’s Economy Expands
The Asian Development Bank stated on Wednesday that developing Asia is projected to close the year on a more positive note, with growth in the area predicted to be stronger than previously believed mostly because of a resurgence in China’s… Read More ›
Argentina’s Milei Devalues The Currency Peso As Part Of “Shock Therapy”
According to the new government in Argentina, the value of the country’s currency will drop by more than 50% relative to the US dollar. President Javier Milei claims the nation needs “economic shock therapy” to address its greatest crisis in… Read More ›
US Anticipates Awarding Multibillion-Dollar Chips In The Upcoming Year
Within the next year, U.S. Commerce Secretary Gina Raimondo anticipates making about a dozen funding announcements related to semiconductor chips, including multibillion dollar announcements that have the potential to fundamentally alter U.S. chip production. She made the initial award announcement… Read More ›
South Korean Vehicle Battery Companies Compete With Their Chinese Counterparts But With Caution
South Korean manufacturers of automobile batteries have promised to provide a more reasonably priced battery chemistry that is preferred by their Chinese competitors in response to demand from customers looking to diversify away from China. However, executives and company officials… Read More ›
Wishing For The $1 Trillion Base Trade To “Soft Land”
As the so-called “basis trade” comes to an end, hedge funds appear to be reducing their historically large short positions in U.S. Treasury futures. Regulators have cautioned that this unwind could seriously jeopardise the integrity of the financial system. With… Read More ›
Tech Advocacy From Japan Cautions Against The EU Cybersecurity Branding Programme
In a letter to the EU industry leader, the lobby group Japan Association of New Economy joined forces with U.S. Big Tech to express concerns over new cybersecurity labelling laws in the EU, claiming that they could restrict their access… Read More ›
China’s Factory Output Continue To Shrink, And Additional Policy Support Is Anticipated
November saw a faster-than-expected decline in China’s manufacturing activity, indicating that further stimulus will be required to support economic growth and rebuild public trust in the government’s ability to assist business. After better-than-expected third-quarter data, economists raised their projections for… Read More ›
UBS Identifies A Change In The New Billionaires’ Wealth From Entrepreneurial To Inherited
According to Swiss bank UBS, which released its annual report on Thursday, the number and total wealth of billionaires rose last year. For the first time in recent memory, the fortunes inherited by the newly minted super-rich surpassed the cash… Read More ›
Factory Activity In China Probably Declined For A Second Month In November
According to a Reuters survey released on Wednesday, China’s manufacturing activity most likely declined for a second straight month in November, fueling calls for more stimulus measures as factory owners battle to find orders both domestically and internationally. Although the… Read More ›
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