The Bund in Shanghai, China on October 17, 2022. China’s gross domestic product grew 3% in 2022, less than half the rate of 2021. Qilai Shen | Bloomberg | Getty Images China’s economy looks poised for a rebound in 2023, but a lot hinges on one variable – the consumer, investment management firm KraneShares said. … Read more
WASHINGTON (AP) — Dutch Prime Minister Mark Rutte said on Tuesday that his country planned to “join” the efforts of the United States and Germany to train and arm Ukraine with advanced Patriot defense systems. Rutte signaled Holland’s intentions at the start of a White House meeting with President Joe Biden. The Dutch Ministry of … Read more
Text size Tesla is trying to increase demand by lowering the prices of its electric vehicles. Joe Raedle/Getty Images You’re here started the new year with a bang, slashing prices for its vehicles around the world. Now Wall Street is making its own cuts, down to 2023 earnings estimates. Analysts seem to agree that lower … Read more
Text size Cohen is pushing for Alibaba to expand its $20 billion share buyback plan to around $60 billion, the WSJ reported. Qilai Shen/Bloomberg Investor Ryan Cohen, who rose to prominence through activist campaigns on meme stocks such as GameStop and Bed bath and beyond , now targets the Chinese e-commerce giant Ali Baba . … Read more
Text size Tesla is trying to increase demand by lowering the prices of its electric vehicles. Joe Raedle/Getty Images You’re here started the new year with a bang, slashing prices for its vehicles around the world. Now Wall Street is making its own cuts, down to 2023 earnings estimates. Analysts seem to agree that lower … Read more
Seoul, South Korea CNN — As China continues to develop what is already the world’s largest navy, a US Naval War College professor is issuing a warning to US military planners: In naval warfare, the largest fleet almost always wins. Writing in the January issue of US Naval Institute Proceedings magazine, Sam Tangredi says if … Read more
hong kong CNN — China’s economy grew just 3% in 2022, well below the government’s target, marking one of the worst performances in nearly half a century. Growth was heavily impacted by months of widespread Covid shutdowns and a historic downturn in the housing market. Still, the number is slightly above market expectations, with some … Read more
Goldman Sachs: China’s ‘exit wave’ on reopening weighs on economy China’s “exit wave” in its reopening process has slowed the economy significantly, Goldman Sachs economists said in a report. “The ongoing ‘exit wave’ following China’s faster-than-expected reopening has weighed heavily on economic activity in recent months, due to a surge in infections, a temporary labor … Read more
Minneapolis CNN — The pandemic has dislodged the global supply chain, plunging once smoothly functioning businesses, industries and economies into a state of disarray. After almost three years of fluctuations and extreme extremes, the system is slowly accelerating and synchronizing better: ocean freight times are steadily decreasing, ports are less congested, labor strikes have been … Read more
Japanese Prime Minister Fumio Kishida’s visit with President Biden aims to sell Tokyo as the linchpin of Eastern security and a bulwark against Chinese and North Korean aggression. It is part of a historic change for the island nation, which has pledged to develop its military and abandon its pacifist policy that took hold in … Read more
