Tag - global economy

 
 

GLOBAL ECONOMY

A man rests at a fresh food market in Shanghai, China, in early August. The world's second largest economy was meant to drive a third of global growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world.
BUSINESS / Economy
Aug 28, 2023
China’s economic slowdown is rippling across the globe
Policymakers are bracing for a hit to their economies as China’s imports of everything from construction materials to electronics slide.
U.S. Federal Reserve Chairman Jerome Powell attends the Jackson Hole economic symposium in Moran, Wyoming, on Friday.
BUSINESS / ANALYSIS
Aug 26, 2023
Fed chief's 'higher for longer' mantra fans investor caution
Federal Reserve Chair Jerome Powell has left open the possibility of further rate increases and stressed the U.S. economy’s surprising strength.
Investors stand in front of an electronic board showing stock information on the first trading day after the weeklong Lunar New Year holiday at a brokerage house in Shanghai.
BUSINESS / Economy / FOCUS
Aug 26, 2023
China’s market rescue is failing as Xi holds back on stimulus
China’s regulators face a losing battle convincing global funds to invest in the nation’s stocks without stronger stimulus packages.
EDITORIALS
Aug 26, 2023
Bigger isn’t necessarily better for the future of BRICS
Shared grievances may bind them, but they are not enough to fuel concerted action to challenge the dominace of the West.
Artificial intelligence is likely to help Big Tech companies cement their industry dominance as they are the ones with the resources to develop and maintain the most powerful AI models.
COMMENTARY / World
Aug 23, 2023
Unlocking AI’s potential for everyone
The tech industry’s dominant players are now deploying artificial-intelligence models to reinforce their positions in the market.
U.S. Commerce Secretary Gina Raimondo testifies during a Senate Appropriations Committee hearing on China in Washington last May.
BUSINESS / Economy
Aug 23, 2023
U.S. commerce chief to be latest Cabinet official to visit China
U.S. Commerce Secretary Gina Raimondo will visit China next week at the invitation of her Chinese counterpart.
Leaders from the BRICS group of major emerging economies are set to meet this week in South Africa, but internal divisions are likely to slow any plans to expand the bloc, experts say.
WORLD / Politics / ANALYSIS
Aug 22, 2023
Divergent interests likely to slow BRICS expansion
Plans to expand the bloc and boost payments in local currencies will top the agenda at the group's summit this week.
People look at job listings. A U.N. study has found that artificial intelligence is likely to change the intensity of work and the degree of worker autonomy than destroy jobs.
BUSINESS / Tech
Aug 22, 2023
AI more likely to change work than destroy jobs: U.N. study
The study found that 5.5% of employment in high-income countries was potentially exposed to impacts from generative AI, more than in low-income countries.
Washington is worried that Beijing’s struggles with high unemployment and an aging workforce make China “a ticking time bomb.”
COMMENTARY / World
Aug 21, 2023
America’s ‘new’ China narrative: A wounded dragon
The new China narrative is really about the West, its lead in technologies, the free market, wielding power and keeping all challengers at bay.
While the U.S. today accounts for only 25% of global economic output, the dollar remains involved in nearly 90% of all foreign-exchange transactions.
COMMENTARY / World
Aug 18, 2023
The real cost of de-dollarization
While there are currently no viable alternatives that could usurp the greenback, the biggest threat to its hegemony comes from the US government itself.
Pedestrians pass stores in Guangzhou. Economists say China needs measures to boost consumption and business confidence, but add that unlike previous slowdowns, there is no quick fix.
ASIA PACIFIC / Politics / ANALYSIS
Aug 18, 2023
Why is China not rushing to fix its ailing economy?
Even in a country known for opaque decision-making, analysts are pointing to signs that Beijing seems hesitant to deliver the bold policies needed.
The Inflation Reduction Act’s tax breaks for clean energy will help mitigate climate change but they will not meet the 2050 net-zero carbon goal.
COMMENTARY / World
Aug 17, 2023
Biden’s climate bill was too tame
U.S. President Biden and the Democratic Party's Inflation Reduction Act was too tame on fixing the climate.
U.S. Treasury Secretary Janet Yellen speaks at an event in Las Vegas on Monday.
WORLD / Politics
Aug 16, 2023
Yellen's Las Vegas stop shows Bidenomics can be a tough sell
Even as Americans feel the benefits, it's not clear this approach will deliver Biden the votes he needs in 2024.
By 2060, it is estimated that the combined gross domestic products of China, India and Indonesia will equal $116.7 trillion, making the bloc's economy three times larger than the United States.
COMMENTARY / World
Aug 15, 2023
The irresistible rise of the rest of the world
With 90% of the world's population, non-Western countries will no longer accept being excluded from global decision-making.
A trader on the floor at the New York Stock Exchange on July 26
BUSINESS / Markets
Aug 15, 2023
U.S. loss of AAA badge shows shift in views on government debt
Fitch Ratings flagged not only U.S. governance but also higher rates driving up debt service costs, an aging population and rising health care spending.
A ceremony marking the opening of the carbon credit market at the Tokyo Stock Exchange in Tokyo on Oct. 11
COMMENTARY / World
Aug 15, 2023
Why all carbon credits aren’t created equal
Because the carbon credit market is unregulated and completely voluntary, it’s been able to get away with a lack of scrutiny.
As long as coal plants are still operating, it is a good idea to make them capture their carbon dioxide emissions. But the sooner that coal is replaced by renewables, the better it will be for the planet.
COMMENTARY / World
Aug 11, 2023
Carbon capture and the changing economics of power generation
Carbon capture policies could unwittingly extend the life of dirtier energy sources.
People buy food at stalls promoting China's digital yuan, or e-CNY, during the 2022 China International Fair for Trade in Services in Beijing in September 2022.
BUSINESS / Markets
Aug 10, 2023
With blockchain 'bridge', China challenges U.S. dollar dominance
A Beijing-backed digital prototype for sending money around the world without relying on U.S. banks is advancing quickly.
A shopper at a Beijing grocery store in 2022. China's consumer and producer prices have both declined from 12 months ago, indicating that the world’s second-largest economy may be weakening.
BUSINESS / Economy
Aug 9, 2023
China shows signs of deflation as consumer and factory prices fall
A prolonged property market slump, plunging demand for exports and subdued consumer spending are weighing on China's economic recovery.
Containers stored at the Yangshan Deep-Water Port in Shanghai in 2020
BUSINESS
Aug 9, 2023
Not decoupling, but West and China drift apart
Official data showed a 14.5% drop in July exports amid weak consumer demand in the world markets served by China — the fastest decline since the pandemic.

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