Tag - global-economy

 
 

GLOBAL ECONOMY

Shipping containers are seen at the Port of Nanjing in eastern China's Jiangsu province on Oct. 17.
BUSINESS / Markets
Nov 12, 2024
China approaches record $1 trillion trade surplus to world’s ire
The pace of widening puts China on a collision course with some of the world’s biggest economies by aggravating an imbalance in global commerce.
Japanese exporters could be hit by higher U.S. tariffs.
BUSINESS / Economy
Nov 11, 2024
Trump tariffs could have a significant impact on Japanese exports
The U.S. president-elect has promised 10% to 20% duties on all goods coming into the United States.
Donald Trump arrives for an election night event at the Palm Beach Convention Center in West Palm Beach, Florida, on Wednesday.
BUSINESS / Economy
Nov 10, 2024
Charting the global economy: Trump win reverberates around the world
Fed Chair Jerome Powell said Trump’s re-election will have 'no effect' on the central bank’s policy decisions in the near-term.
Key Square Group founder Scott Bessent speaks at a campaign event for Republican presidential nominee and former U.S. President Donald Trump in Asheville, North Carolina, in August.
BUSINESS / Economy
Nov 9, 2024
Scott Bessent, top candidate for Treasury Secretary, meets with Trump
The Treasury Secretary job is a key Cabinet position, with vast influence over economic, regulatory and international affairs.
Chinese Finance Minister Lan Foan attends a news conference about a bill on raising ceilings on local government debt, at the Great Hall of the People in Beijing, on Friday.
BUSINESS / Economy
Nov 9, 2024
China unveils $1.4 trillion debt swap, saving stimulus for Trump
China gave indebted local governments a 10 trillion yuan ($1.4 trillion) lifeline but stopped short of unleashing new stimulus.
U.S. Federal Reserve Chair Jerome Powell speaks during a news conference following a two-day meeting on interest rate policy in Washington on Thursday.
BUSINESS / Economy
Nov 8, 2024
Powell signals readiness to defy Trump in defense of Fed
Federal Reserve Chair Jerome Powell insisted the incoming president doesn’t have the power to fire him or other senior Fed leaders.
Asian chipmakers, led by Taiwan's TSMC and South Korea's Samsung Electronics, have collectively invested at least $117 billion in the U.S.
BUSINESS / Companies
Nov 7, 2024
What's at stake for Asian companies under a Trump presidency
Trump has floated the idea of a 10% or more tariff on all goods imported into the U.S.
The European Commission's executive vice president, Valdis Dombrovskis, and Chinese Vice Premier He Lifeng finish a joint news conference following the 10th China-EU High-Level Economic and Trade Dialogue in Beijing in September 2023.
COMMENTARY / World
Nov 6, 2024
It's not just U.S. trade hawks. Europe fears China, too.
As China’s economic policies take hold, Europe's economic concerns may be just beginning.
The disparity in adoption of artificial intelligence will cause uneven economic growth, with AI-driven sectors becoming cheaper and more efficient while AI-resistant sectors may slow overall economic progress.
COMMENTARY / World
Nov 6, 2024
AI’s effect on the U.S. economy will be wildly uneven
Businesses vulnerable to competition will face heavy pressure to adopt the new technology, but in government and education, adoption will be slower.
There will be considerable consistency in U.S. policy regardless of who wins the presidential election, however, and, unfortunately, many of them will trouble allies and partners.
COMMENTARY / World
Nov 5, 2024
Regardless of election results, U.S. foreign policy is sure to trouble allies
“Strategic competition between the United States and China is poised to intensify no matter who assumes the U.S. presidency in January 2025.”
Chinese leader Xi Jinping and senior officials and delegates at the National Peoples Congress in Beijing in March
BUSINESS / Economy
Nov 4, 2024
China stimulus questions to persist long after meeting this week
It may be months before detailed plans to support consumption come into focus.
Stock data is displayed in the Lujiazui financial district in Shanghai in August.
BUSINESS / Markets / ANALYSIS
Nov 1, 2024
Investors take cover in Asia ahead of U.S. election
Money managers are looking to make bets in India or China that stand to gain regardless of who becomes president. 
The price of gold offered by Tanaka Kikinzoku Kogyo rose ¥173 from Tuesday to ¥15,104 per gram, including tax.
BUSINESS / Economy
Oct 30, 2024
Gold prices in Japan top ¥15,000 per gram for the first time
Concerns about political uncertainty following next week's U.S. presidential election is another reason for people to buy gold.
Smog in Mumbai. India and China were home to 52 of the world's top 100 polluting plants in 2022.
ENVIRONMENT / Climate change
Oct 30, 2024
Superpolluting coal plants power economies and the climate crisis
Analysis of coal power often miss the local contexts of the world's largest polluters and the development priorities they support.
The monthly report identified higher interest rates in the U.S. and Europe, and stagnation in Chinese real estate market as downside risks for the Japanese economy.
BUSINESS / Economy
Oct 29, 2024
Japan continues to see moderate recovery but cuts factory output view
The government reiterated the need to pay close attention to potential global economic risks and financial market volatility.
Gen. Abdel Fattah al-Burhan, the leader of the Sudanese Armed Forces, is greeted by an honor guard upon arriving at Juba International Airport in South Sudan on  Sept. 16.
COMMENTARY / World
Oct 27, 2024
The dark reality of global capitalism and perpetual war
In countries like Sudan and the DRC, however, we have something closer to the feudalism of medieval times.
Russian President Vladimir Putin and his Chinese counterpart, Xi Jinping, pose with other leaders for a group photo during the BRICS summit in Kazan, Russia, on Thursday. The summit illustrated a collective dissatisfaction with the current global power structure dominated by the U.S.
EDITORIALS
Oct 25, 2024
BRICS once again meet to complain and vent frustrations
While the summit gave the appearance of unity, there are significant differences in how member states perceive issues.
Russian President Vladimir Putin speaks during a press conference at the BRICS summit in Kazan, Russia on Thursday.
WORLD / Politics / ANALYSIS
Oct 25, 2024
Spurred by shared grievances, BRICS group gathers pace
BRICS' first summit, with its new batch of members, showed clear signs of the group's growing weight.
Preparations ahead of the Bloomberg New Economy event at the B20 in Sao Paulo, Brazil, on Wednesday
WORLD / Politics
Oct 24, 2024
Brazil's business leaders reluctant to pick between U.S. and China ties
Brazil’s agriculture minister has called for the country to join China’s Belt and Road, the superpower’s flagship global trade and infrastructure program.
The International Monetary Fund headquarters during its spring meetings together with the World Bank Group in Washington in April 2023.
BUSINESS / Economy
Oct 23, 2024
IMF lowers global growth forecast for 2025, warning of growing risks
Global output will expand 3.2%, 0.1 percentage point slower than a July estimate, while inflation will slow from 5.8% in 2024 to 4.3% next year.

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