Samsung to cut memory chip output after worst profit since 2009
Samsung Electronics Co. said it’s cutting memory chip production after reporting its slimmest profit since the 2009 financial crisis, a significant step toward ending a…
Us urges countries to return north koreans illegally working abroad
The US, Japan and South Korea urged countries to repatriate North Korean workers illegally sent abroad to earn cash for Kim Jong Un’s regime, as…
Canada’s canola exports drop as cooking oil kings bet on fuel
Exports from the world’s top canola shipper could drop by nearly half in coming years as Canada’s biggest processors bet more of the oilseed will…
Four Asian countries lead in US chip diversification move
Thailand, Vietnam, India and Cambodia have emerged as early winners this year as semiconductor production begins to move away from traditional centers such as Taiwan…
NRF economist says full effect of Federal Reserve’s monetary tightening has not shown up
National Retail Federation Chief Economist Jack Kleinhenz today said NRF’s 2023 retail sales forecast was one of the most difficult he has ever prepared.
IMF warns five-year global growth outlook is weakest since 1990
The International Monetary Fund warned that its outlook for global economic growth over the next five years is the weakest in more than three decades,…
WTO sees subpar global trade growth as war, rate hikes slow economies
Global merchandise trade will slump well below historical growth trends this year, held down by geopolitical tensions and economic pressures including inflation, Russia’s war, monetary…
US-Japan alliance to do ‘great harm’ to China’s chip ambitions
Japan’s decision to join the US and Netherlands in restricting exports of chipmaking gear to China is giving the allies powerful new weapons to deploy…
US and Europe wrangle over green subsidies to avoid a trade war
As European Commission President Ursula von der Leyen sat in the Oval Office last month she gushed before the cameras about the US Inflation Reduction…
U.S. international trade in goods and services, February 2023
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $70.5 billion in February, up…
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