Brussels will press Beijing to reduce barriers to European exports at a high-level meeting in September after the EU’s trade deficit with China hit almost €400bn last year. EU trade commissioner Valdis Dombrovskis told the Financial Times that the “staggering” deficit, which has doubled in two years, underscored the need for Beijing to open its
When western policymakers talk about reasons for supply chain decoupling from China in areas like semiconductors and clean energy technology, they often cite two inconvenient truths. First, cheap Chinese inputs like the polysilicon needed for solar panels and critical minerals for batteries are often made or extracted by forced labour in Xinjiang. Second, a lot
Over the past few weeks, a large-scale rescue operation has been under way off the coast and keys of Florida. It began as water temperatures were rising towards a peak of 38.4C — similar to someone with a high fever — which was recorded on July 24 by a buoy off Manatee Bay. Knowing that
Private equity firms are increasingly offering sweeteners such as fee discounts to secure backing from deep-pocketed investors, in a sign that the industry is facing its toughest-ever fundraising environment. Blue-chip firms including CVC Capital Partners, Ardian, TPG and Cinven have all in recent months offered investors either a discount on management fees or other incentives
Messages from the archive of Rutherford Hall, critical communications strategist WhatsApp to Stephen: How do you feel about us joining the war on woke capitalism? In general I prefer to stay clear and our client and staff roster would nudge us the other way, but I’ve had an approach from a major hedge fund guy
Blockstream CEO Adam Back, one of the crypto’s early pioneers, is pretty confident Bitcoin will hit an all-time high of over $100,000 before Bitcoin’s halving in 2024 — and is willing to drop a million wagering on it. In an Aug. 7 conversation on X (formerly known as Twitter), Back agreed to a bet with
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Our second video with David Jones focuses on the relationship between fear, anxiety and the amount of risk traders should tolerate. We talk about the critical points in time when a trader has to decide whether to close or keep an open position. Managing emotions at these junctures is as important as finding good entry
MakerDAO, one of the early pioneers of decentralized finance, has sparked criticism over its decision to block virtual private network (VPN) users from accessing its recently launched lending platform, Spark Protocol. At the time of writing, VPN users that attempt to access the Spark Protocol website will be met with an error: “Accessing this website
8/7/2023, 12:49:44 AM What to watch in Asia today William Langley in Hong Kong Pakistan: Popular opposition leader Imran Khan was taken into custody at the weekend following an Islamabad high court’s decision to sentence him to three years in jail on corruption charges. Meanwhile, Pakistani officials approved a plan to redraw the country’s electoral
Europe’s biggest companies have suffered at least €100bn in direct losses from their operations in Russia since President Vladimir Putin’s full-scale invasion of Ukraine last year, according to analysis by the Financial Times. A survey of 600 European groups’ annual reports and 2023 financial statements shows that 176 companies have recorded asset impairments, foreign exchange-related charges
China has signalled it is willing to attend further international talks on resolving the conflict in Ukraine, according to European officials who hailed its “constructive” participation in a Saudi Arabian forum that excluded Moscow. The weekend talks in Jeddah, which were attended by dozens of countries and focused on a 10-point peace plan proposed by
Bitcoin (BTC) continued its boring price action over the weekend, indicating that the bulls and the bears are not waging large bets as they are uncertain about the next directional move. Nevertheless, traders should continue to keep a close watch because a period of consolidation is usually followed by an increase in volatility. Although it
The writer is a professor at MIT, where he directs the Senseable City Lab. He is co-author of ‘Atlas of the Senseable City’. Meet your new real estate agent: it’s a bot. Artificial intelligence algorithms can now take one look at a house — by using Google Street View, for example — and predict its
US government scientists have achieved net energy gain in a fusion reaction for the second time, a result that is set to fuel optimism that progress is being made towards the dream of limitless, zero-carbon power. Physicists have since the 1950s sought to harness the fusion reaction that powers the sun, but until December no
The Bank of England is coming under pressure from the finance industry to delay the UK’s adoption of new global banking capital rules by six months to avoid a period of regulatory divergence that would affect the City’s ability to compete with Wall Street. The Prudential Regulation Authority, the central bank’s regulatory arm, last year
At the Goshen Country Fair 34 miles south-west of Philadelphia on Friday night, the dairy cattle show was in full swing, the fried Oreos were selling fast, there was live music and bingo. And Donald Trump was getting little sympathy in his defence against a mounting series of criminal allegations. “As far as I’m concerned,
In this article GM MSFT SPOT META DPZ Follow your favorite stocksCREATE FREE ACCOUNT The Spotify logo on the New York Stock Exchange, April 3, 2018. Lucas Jackson | Reuters With markets facing pressure at least in the short term, investors should try to build a portfolio of stocks that can weather the storm and
Bitcoin (BTC) is preparing a “full bull” BTC price phase in classic style, market cyclist Cole Garner believes. In social media analysis on Aug. 6, the popular on-chain analyst said that major upside awaits both Bitcoin and the broader crypto market. Bitcoin “bull market’s backbone” strengthening BTC price action continues to stagnate, but those looking
The Domain Precinct of Melbourne, Australia, is at once chic, historic, urban and affluent. A sought-after part of South Yarra, an in-city suburb about 4 kilometers from the central business district, the tree-lined area is made up of “a large variety of heritage style and terrace homes that bring a wonderful character,” says Robert Fletcher
The Philippines and the US have accused China of illegally targeting two Philippine supply ships in the South China Sea with water cannon, in a further escalation of Beijing’s pressure campaign around a Philippine-occupied shoal in the disputed waters. A Chinese coast guard ship blocked and water cannoned the second of two boats chartered by