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 ›
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 ›
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 ›
The first-ever artificial intelligence (AI) regulations being negotiated by the European Union appeared to be heading towards a dramatic conclusion on Wednesday as legislators began what many believe will be the last round of talks on the historic legislation. The… Read More ›
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 ›
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 ›
The third quarter saw a 0.3% contraction in Sweden’s GDP as a result of increased interest rates discouraging investments and consumer expenditure. “GDP decreased for the second consecutive quarter,” the statistics office said in a statement. The GDP shrank by… 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 ›
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