Tag - global-economy

 
 

GLOBAL ECONOMY

DeepSeek's impressive AI breakthroughs have sparked global attention but face mounting U.S. scrutiny, with potential bans unlikely to stop its open-source technology from spreading worldwide.
COMMENTARY / World
Feb 5, 2025
DeepSeek’s breakthroughs are too big for the U.S. to ban
The national security concerns behind the U.S. push to ban TikTok are even more pronounced when it comes to generative AI.
China said on Tuesday it would impose tariffs on imports of U.S. energy, vehicles and equipment, firing a return salvo in an escalating trade war between the world's two biggest economies.
BUSINESS / Economy / EXPLAINER
Feb 4, 2025
Where things stand in China-U.S. trade tensions
China has made good on its threats to retaliate in the escalating trade war with the United States, imposing tariffs on American imports of energy, cars and machinery parts.
U.S. President Donald Trump signs an executive order during a ceremony in the Oval Office of the White House in Washington on Monday.
BUSINESS / Economy
Feb 4, 2025
Trump's tariff reversal shows how he's wielding bombast on trade
The U.S. leader has pledged to remake the global economy with tariffs. So far, it’s been more Art of the Deal than a revolution.
Finance Minister Katsunobu Kato holds a virtual meeting with U.S. Treasury Secretary Scott Bessent last week.
BUSINESS / Economy
Feb 2, 2025
Japan to closely monitor impact on yen of Trump tariffs, Kato says
Kato spoke as the world braces for first salvo in Trump's tariff war, with general levies of 25% on Canada and Mexico and 10% on China.
Tourists at a viewpoint near the Pacific entrance of the Panama Canal.
BUSINESS / Economy
Feb 1, 2025
Here’s the few foreign markets set to win on Trump’s return
As some countries are rattled by tariff fears, assets of nations seen as benefiting from close ties with the U.S. leader are getting an extra lift
Donald Trump’s rapid use of tariffs, disregard for conventional diplomacy and fixation on strength risk undermining the global economic order, isolating the U.S. and triggering widespread economic harm.
EDITORIALS
Jan 31, 2025
The Trump test begins: Tariffs, power plays and economic risk
The speed with which the U.S. president reached for this tariff tool — against an ally no less — is proof that his threats are not empty words.
Even before U.S. President Donald Trump returned to office this month, uncertainty motivated businesses to rush shipments.
BUSINESS / Companies / ANALYSIS
Jan 31, 2025
Companies race to ship goods to the U.S. ahead of potential tariffs
Even before Trump returned to office, uncertainty motivated many businesses to rush shipments to the U.S.
U.S. President Donald Trump speaks during a House Republican members conference meeting at Trump National Doral resort in Miami on Monday.
BUSINESS / Economy
Jan 28, 2025
Trump pledges tariffs ‘much bigger’ than 2.5% and on key sectors
The American president's remarks were the latest in a string of major signals that he’s preparing widespread levies to reshape U.S. supply chains.
Economic coercion has become a prominent tool in global geopolitics, with both China and the U.S. relying on it to pursue their policy goals, and more so with Donald Trump now in office.
COMMENTARY / World
Jan 28, 2025
When big countries wave their big economic sticks
There is no agreed definition of economic coercion under international law; like pornography, we know it when we see it.
While Japan deals with so-called overtourism, the rest of the world is just getting back to pre-pandemic levels of visits from international travelers.
LIFE / Travel
Jan 24, 2025
Global tourism is back to pre-COVID highs
Global tourism generated nearly $1.6 trillion (about ¥250 trillion) in 2024, about 3% more than the previous year and 4% more than in 2019.
Shipping containers at an industrial port in the Keihin Industrial Zone in Kawasaki. Japanese businesses see a larger role for Japan if global trade breaks down and multilateral trade institutions become less effective without U.S. participation.
BUSINESS / Economy
Jan 23, 2025
Japan contemplates global free-trade leadership as U.S. goes protectionist
Tokyo could find opportunity in the turmoil while avoiding direct confrontation with Washington.
Attendees inside the Congress Center at the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday. The annual Davos gathering of political leaders, top executives and celebrities runs from Jan. 20 to 24.
ASIA PACIFIC
Jan 23, 2025
China tones it down at Davos this time ahead of Trump tariffs
Donald Trump has warned that a 10% levy could be imposed on China as soon as Feb. 1.
In 2024, child mortality for children before the age of 5 reached a record low of 3.6%, down from over 25% in 1950. For most of history, about half of all newborns died as children.
COMMENTARY / World
Jan 22, 2025
Even this year is the best time ever to be alive
Another way of looking at it: Every day over the past couple of years, roughly 30,000 people moved out of extreme poverty worldwide.
Pierre-Olivier Gourinchas (left), chief economist of the International Monetary Fund, speaks with Federal Reserve Chair Jerome Powell prior to the start of the International Monetary and Financial Committee plenary session at the IMF and World Bank's 2024 annual spring meetings in Washington last April.
BUSINESS / Economy
Jan 18, 2025
IMF keeps Japan's 2025 growth outlook intact
The IMF left its outlook for Japan for 2025 and 2026 unchanged from its previous October projection at 1.1% and 0.8%, respectively.
IMF Managing Director Kristalina Georgieva speaks during a meeting in Washington on Friday.
BUSINESS / Economy
Jan 11, 2025
IMF chief sees steady world growth in 2025, continuing disinflation
Managing Director Kristalina Georgieva said the U.S. economy was doing "quite a bit better" than expected, although there was uncertainty around Donald Trump's trade policies.
People shop at a market in New Delhi on Nov. 4. On Tuesday, India forecast annual growth of 6.4% for its fiscal year ending March, the slowest in four years and below the government's initial projections.
BUSINESS / Economy
Jan 8, 2025
India looks to new economic playbook as risks mount
Disappointing economic indicators and a slowdown in corporate earnings in the second half of 2024 have forced investors to rethink the country's earlier outperformance.
U.S. President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington on Nov. 13.
COMMENTARY / World / The Year Ahead
Dec 31, 2024
Will the second Trump boom go bust?
Trump is inheriting a strong economy, but he faces a more challenging economic landscape than he did in his first term.
The next 12 months will be more challenging, with some countries pursuing quick interest-rate cuts while others will proceed cautiously.
COMMENTARY / World
Dec 27, 2024
A view to 2025: Enough with the central bank hawks and doves
Interest-rate cuts will be a feature, including at institutions that resisted easing in 2024. But mind the nuances.
One problem with assessments of China’s economic health is that they tend to treat China like a “normal” modern economy, and assume that policy tools familiar to Western economies are similarly useful.
COMMENTARY / World
Dec 26, 2024
China’s economy has not peaked
What happens to the world economy and global geopolitics in 2025 will depend significantly on China. But prevailing assessments of its economic health are deeply flawed.
U.S. President Donald Trump welcomes Canadian Prime Minister Justin Trudeau at the White House in October 2017. Canada, like other nations in the president-elect's crosshairs, is scrambling to blunt the impact of his threat to implement steep tariffs once he re-takes office.
COMMENTARY / World
Dec 24, 2024
The creep of national security threatens the WTO
In Trump's mind, tariffs are the cure-all for virtually everything that ails the United States.

Longform

Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.