Canada’s Prime Minister Mark Carney is departing for China (13 January) for the first time since 2017, after years of strained diplomatic relations between the two countries that began in the late 2010s with disputes over trade, national security and human rights significantly weakened their ties. Officials from both sides have described this visit as an…
The freefall in crypto token prices is sparking some concern about a spiral of selling pressure hitting other markets. The worrying scenario is that investors, facing steep losses on their Bitcoin holdings, may sell other assets to shore up cash, adding momentum to the broad markets downdraft. That could potentially heap pressure on stock prices…
Calling the peak for anything is dangerous. So here goes: We’ve reached peak tariffs, as both an economic weapon and almost certainly as a political one. President Donald Trump signaled as much on Sunday when he turned to social media and declared people who oppose tariffs “are FOOLS!” He then offered everyone a tariff “dividend”…
Chinese President Xi Jinping’s blistering response to Donald Trump violating the terms of their fragile trade truce has reignited a tit-for-tat spiral, exposing the rocky path to any US-China trade deal. After China unveiled wide-ranging global export controls on products containing even traces of certain rare earths this past week, Trump fired back by threatening…
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…