Brussels has given the nod of approval to German state aid for the building of a new chip factory as Europe seeks better tech supply security. It came as ground was broken on the site...
The EU claims that Chinese electric car makers received government subsidies that unfairly undermined their European rivals. China says it has resorted to the WTO to preserve “the global green transformation.” The Chinese government filed...
China’s ambition to be the world’s largest economy has been dented by COVID-19, the real estate crisis and an aging population. Boosting growth will be top of mind as Communist Party officials prepare to meet...
A new survey shows the EU is losing face with business and government “elites” of Southeast Asia. Respondents showed less confidence in Brussels on issues like upholding free trade and global order. The European Union’s reputation...
Energy-hungry Pakistan wants to proceed with a natural gas pipeline connecting it and neighboring Iran. But the US has warned about the risk of sanctions in doing business with Tehran. Pakistan announced at the end of...
A recent survey has shown more German companies see Japan as a stable choice for production in Asia amid geopolitical tension and uncertainties over trade restrictions involving China. Fully 38% of German companies taking part...
The US dollar is surging today against most of the G10 currencies, and although the intraday momentum is stretched ahead of start of the North American session, there may be little incentive to resist before...
Consumer electronics companies like Huawei and Xiaomi, known for building smartphones, are now producing electronic vehicles (EV) that combine data and artificial intelligence. Chinese electronics manufacturer Xiaomi plans to deliver its first electric vehicle in China on...
As China struggles with multiple economic challenges, Premier Li Qiang told the National People’s Congress that Beijing will aim to keep growth at around 5% per year. But many analysts warn this might be too...
February 10 marks the beginning of the Lunar New Year in China. The festive season, however, has been overshadowed by growing fears of economic downturn and deflation. This Lunar New Year, also known as Spring...
A Hong Kong court has issued a winding-up order on one of China’s largest real estate developers. A liquidation could spell more bad news for the world’s second-largest economy. Troubled property developer China Evergrande said...
After a strong showing yesterday, the dollar was sold in Asia and Europe. China announced a cut in reserve requirements and took more informal action to support the stock market, which encouraged risk-taking. Yet, the...