BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
TikTok’s time in the U.S. may be running out, but the company has a dramatic plan to save itself. The social media giant is reportedly building a completely new version of its app for users in the United States, according to a report from The Information on Sunday, which cited anonymous sources. This new app,…
At a factory in Nantong, lithium batteries for laptops are being produced. China’s exports to the EU surged in May. This affects the European automotive and machinery industries as well. There are also early signs of trade diversion caused by US tariffs, as exports of laptops, smartphones, batteries and solar panels are climbing. Overall, the…
China’s Foreign Minister Wang Yi has sharply criticized the latest military actions by Israel and the USA against Iran. In Beijing’s view, the attacks – particularly concerning a „possible future threat“ – sent a dangerous signal to the international community and could serve as a problematic precedent. Israel’s attacks on Iran and the US attacks…
China is recalibrating its tech policy, elevating private enterprise to counter US export controls and drive innovation. On June 10, 2025, as US and Chinese trade negotiators met in London for another round of tense talks, a different kind of negotiation was playing out on the front page of China’s People’s Daily. There, in a…
Beijing has begun moving its citizens in Iran to safety. On Tuesday, buses carrying Chinese nationals departed the capital, Tehran, heading toward Turkmenistan, the state-run China News Service reported on Wednesday. According to China’s Ministry of Foreign Affairs, 791 Chinese citizens have so far been brought to safe areas, and more than 1,000 others are…
There is a lot of discussion in Washington and Beijing about the implications of the artificial intelligence (AI) revolution, but no clear consensus on how AI advances will impact how the world’s two leading powers relate to each other. In the following collection of short essays, Brookings scholars from different disciplines offer their forecasts on…
LONDON, June 04, 2025 (GLOBE NEWSWIRE) — The Global Business Complexity Index (GBCI), recently launched by TMF Group, analyses the business environment of 79 jurisdictions, accounting for 94% of the world’s GDP. It also ranks them based on over 250 indicators of business complexity, with the jurisdiction ranked 1st as the most complex and the…
Hong Kong’s environment minister has cautioned against using mandatory measures to advance green policies given challenges the city faces arising from geopolitical tensions and economic transition, as he unveiled plans for the next phase of the ban on single-use plastics. Secretary for Environment and Ecology Tse Chin-wan said on Saturday the government would carry out…
Hong Kong’s Trade Development Council (HKTDC) is searching for a replacement for its executive director ahead of her retirement, with the Post learning that the government prefers a candidate with a strong grasp of both geopolitical issues and commerce. According to an insider familiar with the hiring process, a selection committee headed by the financial…