The European Union has just approved new sanctions against Russia, including a price cap on oil sales, following the United States’ September 30 announcement of new economic sanctions. Both announcements are in response to Russia’s annexation of four regions of Ukraine. The goal of sanctions against Russia is to cripple Russia’s capacity to wage war […]Continue Reading
China aims to recruit and groom a new team of strategic scientists and engineers in an inward-looking reaction to new US sanctions that will force American experts to quit working at Chinese semiconductor fabs. On October 18, the Ministry of Industrial and Information (MIIT) suggested in an opinion document that China should encourage top graduates […]Continue Reading
In late August 2022, news broke that Apple was in talks to manufacture its famed Apple Watches and MacBooks in Vietnam for the first time. Some view this as a move by transnational corporations and their core suppliers to diversify their production away from China, buffering themselves from intensifying US-China geoeconomic competition. Others interpret this as a sign of […]Continue Reading
Beijing is bidding to highlight its European Union partnership following news that the bloc’s foreign service is preparing to call on member states to diversify their supply chains from China. Chinese Foreign Minister Wang Yi said on October 17 that the EU should view Sino-EU cooperation objectively, expand common interests and contribute to the stability […]Continue Reading
Chinese real estate developers are desperate to recover from the prolonged lockdowns driven by China’s zero-Covid policy. But the slowdown in home sales is also related to the collapse of household confidence in the country’s real estate market. The mortgage boycott in China is a direct consequence of the bankruptcies of an increasing number of developers. […]Continue Reading
Nippon Steel and ArcelorMittal, two of the world’s largest steel companies, have turned their attention to India and Thailand amid weakening demand in Japan and the energy crisis in Europe. The ArcelorMittal Nippon Steel India joint venture (AM/NS India) has announced two new initiatives to expand operations in India: New construction and capacity expansion of […]Continue Reading
Hundreds of top engineers and executives working for Chinese chip companies are facing a tough decision about whether they should stay in mainland China amid the United States’ sanctions. They include those who were born in China but hold US passports after finishing their studies and gaining their working experience in America. Chinese media said […]Continue Reading
SINGAPORE – In the latest salvo in its fight against inflation, Singapore’s central bank tightened monetary policy on Friday (October 14), allowing the national dollar to appreciate to curb domestic cost pressures in a move likely to bolster the currency’s increasingly favored status as it demonstrates resilience against the fast-appreciating US dollar. The Monetary Authority of Singapore (MAS) […]Continue Reading
Laos’ public debt could climb to nearly 95% of GDP by the end of 2022, making it one of the most heavily indebted and mostly likely to default nations in Asia, according to World Bank estimates published this month Significantly, the World Bank’s already dire debt figures do not encompass all of the small Southeast […]Continue Reading
The region has some of the most dangerous roads in the world with higher than average death rates, but delivery apps aren’t doing enough to protect their riders.
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