As UK Economy Falters, Here’s Who Could be Chancellor
The next UK prime minister takes charge in September facing a brutal economic storm, heaping intense scrutiny on their pick for Chancellor of the Exchequer.
US to Limit Exports of Some Chip Tech to Cut ‘Nefarious’ Use
The US is imposing export controls on technologies that support the production of advanced semiconductors and turbines, protecting against their “nefarious” military and commercial use.
Putin’s War Hurls His Economy Back Four Years in One Quarter
(Bloomberg) -- President Vladimir Putin’s invasion of Ukraine set Russia’s economy back four years in the first full quarter after the attack, putting it on…
Taiwan Cuts Growth Forecast as Global Headwinds Intensify
Taiwan cut its forecast for 2022 growth for a second time as slowing global demand for electronics, high inflation and rising geopolitical pressure from China…
Hong Kong Sees Possible Contraction in Economy This Year
Hong Kong now expects its economy to potentially contract this year for the third time since 2019 as the city grapples with Covid restrictions, a…
Battery Giants, Hyundai Concerned by US Moves on China Supplies
South Korea’s biggest electric-car battery makers and Hyundai Motor Co. have expressed concern over new US legislation aimed at boosting domestic production of EVs and…
Japan’s Return to Growth Unlikely to Derail Kuroda Easing Plan
The world’s third-largest economy is finally set to return to its pre-pandemic size, a result that’s nonetheless unlikely to sway Bank of Japan Governor Haruhiko…
China to Speed Brazil Corn Imports Amid Ukraine War, US Tensions
China is taking steps to accelerate imports of Brazilian corn, bringing on a new supplier of the grain at a time when the war in…
Biden ‘cautious’ on China tariffs after Pelosi’s trip, Commerce chief says
House Speaker Nancy Pelosi’s visit to Taiwan has made geopolitics with China “particularly complicated” as President Joe Biden weighs the future of tariffs on more…
Baltic states abandon East European cooperation with China
Latvia and Estonia joined Lithuania in abandoning the so-called 16+1 eastern European framework with China, which once threatened to divide the European Union in its…
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