In November, Texas Gov. Greg Abbott declared his state the “epicenter of AI development” while announcing a $40 billion investment by Google. Texas Gov. Greg Abbott and Alphabet CEO Sundar Pichai in November, the day Google announced plans to invest $40 billion in new Texas data centers through 2027. Less than a year later, the…
Despite recent growth, North Korea’s economy remains very small, with its nominal gross national income estimated at US$34 billion last year, equivalent to 1.8% of South Korea’s. (KCNA/EPA Images pic) SEOUL: North Korea’s economy grew 3.5% in 2025 on rising trade with Russia and China, marking a third consecutive year of growth above 3%, according…
China’s GDP growth figures are often suspiciously smooth. Last year the government set a target of 5%—and the sprawling $19trn economy duly grew by just that amount, as if the combined endeavours of 760m workers and 30m corporations could be choreographed by a committee. This year the government has permitted itself half a percentage point…
Anutin to court Chinese businesses Mr Anutin’s imminent trip to China represents part of the government’s broader strategy to position Thailand as a hub for advanced technologies. Prime Minister Anutin Charnvirakul is set to embark on a crucial visit to China later this week, aiming to strengthen economic ties and attract investment in Thailand’s future…
A decade ago Jua Power, a family-owned solar-energy firm, had little reason to leave China in search of customers. With the country in the midst of a green-energy boom, “we had plenty of orders domestically,” recalls Xu Bo, its chief executive. But as China’s economy has slowed and profits in its solar industry have fallen,…
OVER THE past half-century, China has conjured vast wealth out of widespread poverty. Now comes the vexing part: how to pass it on to the next generation. For China, this poses a new and underappreciated risk. On its current trajectory, the first great intergenerational transfer in China’s modern history will widen inequality, cement privilege and…
Last Updated:March 05, 2026, 10:09 IST Presenting the annual work report, Chinese Premier Li Qiang said the government will aim for growth between 4.5% and 5% this year and will strive for better results in practice. China’s latest growth target signals one of the most cautious economic outlooks in recent years. China on Thursday lowered…
Hong Kong’s finance chief has confirmed an early operating account surplus driven by strong financial market performance and stock trading stamp duty revenue, as he addressed calls for more elderly welfare measures at the first public forum for the coming budget. Financial Secretary Paul Chan Mo-po vowed on Saturday to make “utmost” efforts to address…
China‘s factory activity in November contracted slightly as production growth came to a halt and new orders slowed, a private-sector survey showed on Monday. The RatingDog China General Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 49.9 in November from 50.6 in October, missing analysts’ expectations of 50.5 in a Reuters poll….
Sure, maybe AI enthusiasm is creating a stock market bubble. But if the Federal Reserve is set to continue slashing rates, one might be tempted to ask: so what? In other words, even with valuations elevated, the old maxim of “don’t fight the Fed” may prove to be prudent advice in the near term. When…