What if deglobalization is good for emerging markets?
Four trends are set to shape the world in the decades ahead: energy cost differentials, rising wages in China, nearshoring supply chains, and remote...
China’s Xi confronts Canada’s Trudeau at G20 over media leaks
BEIJING — Chinese President Xi Jinping on Wednesday criticized Canadian Prime Minister Justin Trudeau in person over alleged leaks of their closed-door meeting at the Group of 20 (G20) summit, a rare public display of annoyance by the Chinese leader.
France, Spain pledge to halt gas-driven vehicle sales
SHARM EL-SHEIKH, Egypt — France and Spain on Thursday joined a pledge to stop sales of gasoline-driven vehicles by 2035, five years earlier than previously planned, part of efforts to accelerate the transition to a low-carbon economy.
Geopolitics to stay in focus at APEC summit in Thailand
BANGKOK — World leaders arrived in Thailand on Thursday ahead of the Asia-Pacific Economic Cooperation (APEC) forum, the last of several of summits in the region that have been dominated by geopolitical tensions over the war in Ukraine.
China’s freeze on Taiwan contact fuels worry as tensions build
TAIPEI - When Chinese authorities detained a Taiwanese citizen in China in August for an alleged violation of security laws, officials in Taipei sent messages of concern to Beijing seeking details.
Young Malaysians urged to ‘get mad’ and vote to end political merry-go-round
KUALA LUMPUR — In a dining hall at Malaysia’s International Islamic University, 22-year-old undergraduate Hajar Wahab stood next to a makeshift polling booth, as she showed a fellow student how to mark and cast an election ballot.
Republicans win US House majority, setting stage for divided government
WASHINGTON — Republicans were projected to win a majority in the US House of Representatives on Wednesday, setting the stage for two years of divided government as President Joe Biden’s Democratic Party held control of the Senate.
England’s health service risks missing targets on waiting lists — report
LONDON - A plan to reduce lengthy wait times in England's state-run National Health Service for elective and cancer care by 2025 is at risk, a report said on Thursday, as funding falls behind inflation and it faces issues with staffing and productivity.
FTX fallout hits crypto lender Genesis; Bankman-Fried, celebs sued
Major crypto player Genesis Global Capital suspended customer redemptions in its lending business on Wednesday, citing the sudden failure of crypto exchange FTX, while court papers showed FTX founder Sam Bankman-Fried faces legal action.
US, allies probe unconfirmed reports of stray Russian missile
WARSAW — A missile that killed two people in Poland was probably not fired from Russia, US President Joseph R. Biden said on Wednesday after holding talks with leaders of Western allies amid concerns the Ukraine conflict could spill into neighboring countries.
Recession in major economies will hit emerging, poor nations
NUSA DUA, Indonesia — The head of the World Trade Organization (WTO) warned on Wednesday that several major economies face a real risk of sliding into recession as the war in Ukraine, rising food and fuel costs, and soaring inflation cloud the global outlook.
Trump’s 2024 presidential bid a fresh wrinkle for markets
NEW YORK — Former President Donald Trump’s entry on Tuesday into the 2024 presidential race confirmed the world’s “worst kept secret” and created another variable for markets that some investors say remains a low priority for now.