ECONOMICS
Europe, which has imposed tariffs of up to 45 percent on Chinese electric vehicles, fears Beijing is rapidly shifting parts of its EV manufacturing supply chain to nearby Morocco in an effort to bypass those duties and gain easier access to the European market. EU Trade Commissioner Maroš Šefčovič has
Bank of Japan Will Continue Raising Interest Rates if Spending, Wages Increase: Board Member
A board member of the Bank of Japan said on Sept. 5 (Thursday) that if companies continue to increase...
Jake Sullivan Meets With Xi in Rare Meeting as Washington Navigates Sino-US Tensions
In the most recent diplomatic development between Washington and Beijing, U.S. National Security Advisor...
China and Vietnam Sign 14 Strategic Deals After Xi Jinping Meets With To Lam in Beijing
On Aug. 19 (Monday), after Chinese President Xi Jinping met with Vietnam's new communist party leader...
China’s Youth Unemployment Crisis Spurs Rise of ‘Rotten-Tail Kids’
As China continues to grapple with a sputtering national economy, a new phenomenon has emerged within...
US Likely Added 818,000 Fewer Jobs Last Year Than Reported
On Aug. 21, the U.S. Labor Department said that the number of jobs the American economy added in the...
Starbucks Struggles in China as Middle Class Spends Less
As it reaches the third quarter of the year, Starbucks has suffered lower sales in China as the...
Gold’s Run to Record High Could Slow Demand
Gold has been the standout commodity performer so far this year, gaining 18.5 percent since the start...
US National Debt Surpasses $35 Trillion, Servicing it Now Second-largest Budget Item
On July 29, for the first time in history, the U.S. national debt surpassed $35 trillion and servicing...
Oil Drops to Two-Month Low as China Concerns Weigh In
Oil traded at its lowest levels since early June on Tuesday, July 30, as worries about low demand in...