Global Economy

UAE Positioned as Global Crypto Hub, Asserts Coinbase CEO 

As the digital economy continues to expand rapidly. The UAE has strategically positioned itself to become a global hub for cryptocurrencies and blockchain technology. In a statement, Brian Armstrong, the CEO of Coinbase, one of the world’s largest cryptocurrency exchanges, expressed his confidence in the UAE’s potential to lead the way in the crypto space.  […]

Putin Urges Russia's Billionaires to Invest in Face of "sanctions war"

President Vladimir Putin on Thursday urged Russia’s billionaires and business elite to invest in new technology, production facilities and enterprises to help Russia overcome what he said were Western attempts to destroy its economy. Putin also said Russia had so far defied those attempts, and that the Western firms that had decided to stay in […]

Analysis-China, North Korea Loom Large as South Korea and Japan Try to Make Amends

South Korea’s willingness to resolve historical disputes in the name of improving relations with Japan is largely driven by concerns over North Korea’s growing capabilities, and managing any rivalry with China, officials and analysts say. South Korean President Yoon Suk Yeol will visit Tokyo on Thursday for a summit with Prime Minister Fumio Kishida, the […]

EU Seeks to Arrest Industry Decline in Green Transition

The European Union is a global frontrunner in cutting carbon emissions but is also moving to ensure the green transition doesn’t make it an industrial desert, with a raft of measures due to be announced next week. Europe’s industrial competitiveness in relation to the United States and China, the world’s two biggest economies, has become […]

U.S. Chamber of Commerce Calls for AI Regulation

The U.S. Chamber of Commerce on Thursday called for regulation of artificial intelligence technology to ensure it does not hurt growth or become a national security risk, a departure from the business lobbying group’s typical anti-regulatory stance. While there is little in terms of proposed legislation for AI, the fast-growing artificial intelligence program ChatGPT that […]

The World This Week

1. Lithium Price Slide Deepens as China Battery Giant Bets on Cheaper Inputs By now, it is out in the open that the COVID-19 pandemic played a remarkable role in hastening the global reliance on lithium for EV batteries as the world pushes to reduce carbon emissions as it marches on a path towards an […]

U.S. Labor Market Resilient; Inflation Hotter in Fourth Quarter

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to a persistently tight labor market, and further fueling fears that the Federal Reserve could raise interest rates higher than anticipated. Those worries were amplified by other data on Thursday showing inflation was much stronger than initially thought in the […]

Chinese Chip Trade Group Opposes Export Controls from U.S., Netherlands, Japan

The China Semiconductor Industry Association (CSIA), the country’s top chip industry trade group, opposes reported export controls from the United States, Japan and the Netherlands, it said on Wednesday. The restrictions, should they become a reality, “will cause serious harm to the semiconductor industry in China, with detriment to the global economy, as well as […]