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GlobalFoundries CEO says customers now demand semiconductor supply chains independent from China and Taiwan
European customers of GlobalFoundries Inc. have increased their demand for semiconductor supply chains that are not connected with either China or Taiwan. With geopolitical tensions rising and supply ...
India, China come up on November 21 deadline as Trump's sanctions pressure Russia oil
Oil companies in India and China are scrambling to respond after President Donald Trump placed sanctions on Russia’s biggest oil producers, creating immediate shockwaves in two countries that have bec...
EU looks to fix its China headache as ethical questions grow at home
European Union leaders are working around the clock to resolve a growing trade dispute with China, which has left the bloc caught between Beijing and Washington. The trade tensions began when China im...
Scott Bessent confirms framework deal on rare earths, AI, and trade with China
The U.S. and China have reached what Treasury Secretary Scott Bessent calls a “done deal” covering rare earths, AI, fentanyl, and tariffs. He confirmed the breakthrough on Sunday after back-to-back ta...
President Trump teases trade agreements with key leader meetings lined up during Asia visit
On his first visit to Asia since beginning his second term, President Donald Trump intends to forge deals with both US partners and adversaries that could reshape the global landscape. At the ASEAN su...
US EV momentum stalls as investment plunges and global rivals surge
Electric Vehicle (EV) industry leaders and experts have warned that the US might fall further behind China in the global electric vehicle market, citing the Trump administration’s support for gasoline...
Trump and Xi near breakthrough deal to avert U.S.–China trade collapse
Trade negotiations between the United States and China entered their second day on Sunday, with America’s chief trade official saying the discussions were setting the stage for a successful meeting be...
BRICS payments system now connects to 185 countries
The BRICS-linked Cross-Border Interbank Payments System (CIPS) has expanded across 185 countries, allowing international payments in Chinese yuan without using the U.S. dollar, according to data from ...
President Trump to sign Asia mineral deals to pile pressure on Xi Jinping
President Donald Trump, in his usual style, plans to sign mineral deals in Asia, hoping to increase pressure on Chinese President Xi Jinping ahead of their much-speculated but yet-to-be-confirmed meet...
Global equity funds end October strong as investors regain risk appetite
Global funds posted strong records in three weeks following an easing of U.S.-China trade tensions. The easing inflation data in the U.S. has also pushed the global fund markets to strong results. Lip...
EU warns of trade retaliation if China escalates rare-earth exports curbs
European Commission President Ursula von der Leyen said on Saturday that Brussels will “use every tool” it has to counter China’s tightening control over critical raw materials, warning that the bloc ...
Investors believe Russia will copy Iran's backdoor tactics to dodge Trump’s new oil sanctions
Wall Street isn’t fooled. Investors believe Russia will beat Trump’s new oil sanctions the same way Iran did; slowly, but quite effectively. The penalties slapped on Rosneft and Lukoil are serious. Bu...