According to headhunters and bankers, job losses at Western investment banks in Asia are anticipated to escalate this year as revenue constraints mount from China’s escalating economic and market unrest, even as transaction opportunities improve in Japan and India. They… Read More ›
Deputy Administrator Ilya Espino of the Panama Canal told Reuters that the canal does not anticipate the need for more vessel passage limits until at least April, when its authority would assess water levels at the conclusion of the dry… Read More ›
China’s producer and consumer prices fell in January at the fastest rates in over 14 years, increasing pressure on officials to take further action to boost the country’s flagging economy and reduce the risk of deflation. Since early last year,… Read More ›
In September, a patent for a new high-performance chip was released by a military institute in Beijing. This was the first indication of China’s attempt to reshape the half-trillion dollar global semiconductor business while defying US sanctions. According to the… Read More ›
Citing China’s fiscal support measures and the surprising resilience of the U.S. economy, the International Monetary Fund revised up its prediction for global growth. It now projects 3.1% global growth in 2024, up 0.2 percentage points from its previous October… Read More ›
Meyer Burger, a Swiss solar panel manufacturer, has warned that it may have to close its loss-making production unit in Germany unless the government intervenes with financial support. Meyer Burger is facing intense competition from China. “Chinese manufacturers are deliberately… Read More ›
Ahead of the Lunar New Year in Asia and as a result of attacks on Red Sea shipping, which force businesses to obtain more expensive air cargo space, global air freight costs have increased for the first time in seven… Read More ›
Although China’s luxury sales have not yet returned to 2021 levels, industry analysts and financial reports from key brands indicate that there are new growth potential in comparison to pre-pandemic tendencies. The current luxury conglomerate, LVMH, released its 2023 results… Read More ›
Trade discussions broke down due to a disagreement over cheese and beef, and now the UK and Canada are blaming each other. The two nations had been engaged in over two years of negotiations to hammer out a new deal… Read More ›
Due to rising interest rates that drove up expenses for purchasers and discouraged many potential sellers with lower rates from moving, home sales in the US fell to their lowest point in almost 30 years. As a result of a… Read More ›
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