The world’s three wealthiest individuals—Elon Musk, Larry Ellison, and Mark Zuckerberg—hold a combined net worth of $1.03 trillion, a figure that nearly rivals the market capitalization of Warren Buffett’s Berkshire Hathaway, according to a report citing the Bloomberg Billionaires Index. This collective valuation is also comfortably above the market values of corporate giants like JPMorgan…
Hong Kong is in talks with several Chinese electric-vehicle makers to establish local EV manufacturing, according to people familiar with the matter, as the financial hub looks to advanced industries to diversify its ailing economy. The city’s officials aim to develop an EV assembly base — a relatively complex process requiring advanced skills, the people…
Welcome to our guide to the commodities markets powering the global economy. Today, senior reporter Dan Murtaugh writes on the energy triangle between China, India and Russia as their leaders meet in Tianjin. The Shanghai Cooperation Organization’s get-together could hardly have come at a better moment for China’s leader. At a time when the US…
The legal fight over President Donald Trump’s global tariffs is deepening after a federal appeals court ruled the levies were issued illegally under an emergency law, extending the chaos in global trade. A 7-4 decision by a panel of judges Friday night in Washington was a major setback for Trump even as it gives both…
Welcome to our guide to the commodities markets powering the global economy. Today, China-based energy reporter Dan Murtaugh asks what the rest of the world can learn from the nation’s success in deploying offshore wind turbines. It was only a few years ago that the offshore wind industry conjured a future with a near-limitless supply…
The warming of ties between India and China appears to be accelerating. Both burned by US President Donald Trump’s tariffs on their exports, the world’s most populous nations took a major step last week to move beyond a deadly 2020 border clash by agreeing to redouble efforts to settle such disputes, which date back to…
THE MSC RUBY is almost ready to leave Felixstowe. Seven remote-controlled gantry cranes are still at work, stacking containers in the ship’s bays. Some 11,000 containers pass through this port each day, making it Britain’s primary conduit to the arteries of global trade. The Ruby’s next call is Gran Canaria—then, the long run down the…
Will blocking China from accessing relatively high-performing AI chips help the U.S. maintain global AI leadership? Perhaps counterintuitively, the answer is no. Starving China’s supply of U.S.-designed AI chips will have the opposite effect, as it will push China to more effectively develop and deploy its own AI chip capacity and ecosystem. This, in turn,…
Welcome to our guide to the commodities markets moving the global economy. Today, reporter Dan Murtaugh takes a look at Washington and Beijing’s strategies to fuel the artificial-intelligence boom. The US and China have starkly divergent visions of the future of energy, and they’re bringing them to play in the race to power artificial intelligence….
Investors expect automakers and luxury goods makers to lead a relief rally in European stocks when the market reopens on Monday, after the US and European Union agreed to a trade deal. The pact, which will see the bloc face 15% tariffs on most of its exports including autos, was announced Sunday by President Donald…