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…
President Xi Jinping has spoken out against unilateral sanctions and trade barriers – reiterating China’s support for globalisation as the international economic environment turns more protectionist – in an article published on the opening day of a high-profile supply chain expo. Wednesday’s piece in Qiushi – the leading theoretical journal of the ruling Communist Party…
Brazil spent months flying under the radar as Donald Trump upended global trade. Now that it’s in the spotlight, President Luiz Inacio Lula da Silva may stand to benefit from the attention. Hours after the US president threatened to hit Brazil with 50% tariffs, the leader known universally as Lula announced that, rather than rush…
Asian shares swung between small gains and losses as President Donald Trump left the door open for additional trade negotiations after imposing new tariff rates on several countries. The MSCI regional stock benchmark traded in a tight range amid gains in South Korea and Japan, countries that attracted a new level of levies. Toyota Motor…
Shortly after President Trump threatened to impose an extra 10 per cent tariff on countries aligning themselves with the “anti-American policies” of the Brics, China on Monday said that the bloc is not seeking “confrontation” read more Shortly after President Donald Trump threatened to impose an extra 10 per cent tariff on countries aligning themselves…
China’s top leadership has pledged to curb aggressive price competition among businesses, aiming to accelerate efforts toward a unified national market to help boost domestic demand. Officials at a high-level economic meeting chaired by President Xi Jinping said they would crack down on “disorderly” low-price competition and phase out outdated industrial capacity, Xinhua News Agency…
May 24, 2025 Amid rising geopolitical tensions and discussions on de-dollarisation, Hong Kong’s financial system is playing a pivotal role in promoting the internationalisation of the yuan. As reported by the South China Morning Post, the yuan’s potential to expand its global footprint is being explored by international businesses, particularly in Qatar. The affluent Middle…
LONDON: Britain hopes to secure a reset deal with the European Union on Monday that would boost defence and security cooperation, and smooth the arrival of people and also food into the bloc, its chief negotiator said on Sunday. Prime Minister Keir Starmer will host EU leaders in London on Monday in the most significant…