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Eurozone economic activity shrinks again in August

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​the brussels times​​​ Economic activity in the Eurozone contracted in August for the second month in a row, according to figures from market researcher S&P Global. The data is further evidence →

Has Xi Jinping Stopped Caring About China’s Economy?

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​national interest​​​ by Christopher Carothers Huan Gao For decades, capable management of the economy and policies that promote strong growth have been the cornerstones of the Chinese Communist →

China’s rate cuts could be too little, too late

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asia times by William Pesek No central bank’s 2022 has been turned upside down more abruptly than Yi Gang’s People’s Bank of China (PBOC). That’s saying a lot given the economic shocks complicating →

Europe faces ‘coldest’ winter as energy crisis deepens, likely to prompt restructuring of global industrial chain

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​global times​​​ By Qi Xijia A deepening energy crisis in Europe could put many economies on ice in the coming months, which may prompt a possible industrial restructuring, Chinese analysts said on →

Euro sinks to all-time low against the dollar

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​the brussels times​​​ The value of the euro has fallen below that of the dollar once again, sinking to its lowest level since the launch of the European single currency in 2002. As European stock →

Biden signs Inflation Reduction Act into law, sealing major Democratic victory on climate, health care and taxes

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cbs news By Kathryn Watson Washington — President Biden signed the Inflation Reduction Act into law at the White House on Tuesday, finalizing a signature piece of legislation aimed at fighting →

1 Million Made: Musk Celebrates Tesla’s Achievements in China

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national interest by Stephen Silver Over the weekend, Tesla CEO Elon Musk tweeted congratulations to Giga Shanghai in China on manufacturing the facility’s one-millionth car while also noting that →

McDonald's to reopen in Ukraine as war with Russia rages on

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​cbs news​​​ McDonald's will start reopening some of its restaurants in Ukraine in the coming months, a symbol of the war-torn country's return to some sense of normalcy and a show of support after →

US Chip 4 plan hands South Korea a devil’s choice

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asia times by Andrew Salmon SEOUL – Samsung Electronics heir and de facto leader Lee Jae-yong was today (August 12) granted a presidential pardon in a corruption case, lifting a legal cloud that has →

CHIPS Act no panacea for US chip woes

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asia times by Stephen Bryen The CHIPS Act of 2022 is a US$52.7 billion subsidy to semiconductor companies in the United States. The funding, mostly aimed at the construction of new chip fabrication →

GT Voice: Australia digs a hole for EU, Asian allies with possible LNG move

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global times Weeks before the Russia-Ukraine conflict started, Australia's former prime minister Scott Morrison suggested Australia could step in and help when it comes to supplying its huge reserves →

Number of China-Europe cargo trains grows 11% in July amid resilient demand

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global times The number of China-Europe cargo trains grew 11 percent year-on-year in July, while the number of containers delivered increased 12 percent, as the cross-continental freight train →

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