Taiwan’s GlobalWafers to build $5 billion chip plant in Texas
GlobalWafers Co. plans to build a $5 billion semiconductor silicon-wafer facility that will be the biggest of its kind on American soil, as the country…
US goods-trade deficit narrows to smallest this year on record exports
The US merchandise-trade deficit narrowed in May to its smallest this year as exports rose to a record, suggesting a tailwind for economic growth in…
UK plan to override Brexit deal passes hurdle with Tory dissent
Boris Johnson’s bill to override the Brexit deal he negotiated survived a challenge in the House of Commons from opponents in the prime minister’s own…
US, Taiwan aides hold opening talks on road map for trade deals
Senior US and Taiwanese officials held inaugural talks about developing an “ambitious roadmap for negotiations” to deepen economic and trade ties, a move likely to…
Brexit divides Tory MPs again as critics slam Johnson’s plan
Senior Conservatives slammed Boris Johnson’s plan to override the Brexit deal he negotiated, a sign of how EU relations are still a fault-line in his…
NZ kiwifruit harvest misses target amid labor shortage
New Zealand’s kiwifruit harvest has fallen short of expectations after poor weather affected yields and growers struggled to find the migrant labor normally used to…
US resuscitates bid at G-7 to counter China’s Belt and Road
President Joe Biden rebooted his effort to counter China’s flagship trade-and-infrastructure initiative after an earlier campaign faltered, enlisting the support of Group of Seven leaders…
Russia slips into historic default as sanctions muddy next steps
Russia defaulted on its external sovereign bonds for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes…
Hong Kong exports post surprise fall on China curbs, global woes
Hong Kong’s exports surprisingly declined in May as trade with China continued to face disruptions from Covid and other global headwinds stalled momentum.
Brexit returns to UK Parliament at awkward moment for Johnson
Boris Johnson’s plan to override the Brexit deal he signed faces a preliminary vote in Parliament at an awkward time, as the prime minister meets…
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