Nobel economics prize awarded for research into why countries succeed or fail
STOCKHOLM — The Nobel memorial prize in economics was awarded Monday to Daron Acemoglu, Simon Johnson and James A. Robinson for research into differences in prosperity between nations and why some countries succeed and others fail. The three economists “have…
Chinese carmaker GAC considers making EVs in Europe as tariffs loom
Paris — Chinese state-owned carmaker GAC is exploring the manufacture of EVs in Europe to avoid EU tariffs, the general manager of its international business told Reuters on Sunday, joining a growing list of Chinese companies planning local production. The…
Amazon wants to be everything to everyone
Mount Juliet, United States — Amazon is bolstering its e-commerce empire while continuing a march deeper into people’s lives, from robots to healthcare and entertainment. Innovations unveiled in recent days by the Seattle-based tech titan included a delivery van computer…
Argentina’s triple-digit inflation slows, but workers still struggle to pay bills
BUENOS AIRES — Argentina’s triple-digit inflation, among the world’s highest, is starting to slow down but this offers little relief for workers whose salaries have stayed the same while costs of basic goods skyrocketed and the government slashed state subsidies….
China tees up fresh spending to boost ailing economy
BEIJING — China said Saturday it would issue special bonds to help its sputtering economy, signaling a spending spree to bolster banks, shore up the property market and ease local government debt as part of one of its biggest support…
China to lift 4-year ban on Australian lobster imports, Australia’s prime minister says
MELBOURNE, Australia — China will resume importing Australian live lobsters by the end of the year, removing the final major obstacle to bilateral trade that once cost Australian exporters more than 20 billion Australian dollars ($13 billion) a year, Australia’s…
Expansion of ASEAN-China free-trade pact questioned amid summit
TAIPEI, TAIWAN — As Laos hosts this year’s summit of the Association of Southeast Asian Nations, Beijing is calling for additions to its free-trade agreement with the regional forum that focus on smart cities, 5G, artificial intelligence and e-commerce. Ahead…
Global oil traders anxiously await Israel’s expected strikes on Iran
International oil traders have been anxiously watching for Israel’s expected military response to Iran’s latest rocket attack, with prices rising and dipping according to the latest guesses on whether Israel will target Iran’s oil infrastructure and how Tehran might respond….
China targets brandy in EU trade tit-for-tat after EV tariff move
Beijing/Paris — China imposed temporary anti-dumping measures on imports of brandy from the EU on Tuesday, hitting French brands including Hennessy and Remy Martin, days after the 27-state bloc voted for tariffs on Chinese-made electric vehicles, or EVs. China’s commerce…
China is oversupplying lithium to eliminate rivals, US official says
LISBON — Chinese lithium producers are flooding the global market with the critical metal and causing a “predatory” price drop as they seek to eliminate competing projects, a senior U.S. official said on a visit to Portugal that has ample…