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 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 ›
U.N. climate director Simon Stiell urged nations to cooperate in order to secure a final agreement for the summit, where they were debating whether to demand an end to fossil fuels, as the COP28 climate talks approached their critical point… Read More ›
In his first speech as president, Argentina’s new far-right leader has promised to impose “shock treatment” on the economy. “There is no money” is the warning that Javier Milei gave the Argentine people, and he reiterated his commitment to a… Read More ›
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 ›
During the duration of President Vladimir Putin’s nearly 24-year tenure at the head of Russian politics, Russians have experienced a remarkable rise in living conditions. Putin declared on Friday that he would seek the presidency once more. Millions of Russians… Read More ›
According to industry data released on Friday, China’s sales of passenger vehicles increased by 25.5% in November compared to the same month last year, surpassing the growth rate of October. This surge was fuelled by automakers stepping up their pricing… Read More ›
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 ›
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 ›
According to a report released by Oxfam on Monday, the 1 percent of the worldwide population who are the wealthiest are accountable for nearly the same proportion of carbon emissions as the 5 billion people who make up the 66%… Read More ›
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