Treasurer Jim Chalmers is warning of softer revenue growth in the federal budget as China’s downturn persists and conflict in the Middle East casts a shadow over the global economy. The Albanese government’s third budget is due to be delivered on May 14, with a second surplus still the goal in 2023/24. However, Mr Chalmers […]
At least two countries have declared bankruptcy due to an inability to repay foreign interest payments, primarily to China.
By W.G. Dunlop US Defense Secretary Lloyd Austin spoke with his Chinese counterpart Dong Jun via video teleconference Tuesday, in the first substantive talks between the superpowers’ defense chiefs in nearly 18 months. The United States has been working to strengthen defense cooperation with its allies in the Asia-Pacific region to counter China’s growing influence […]
Using firm-level data from the global supply network, researchers from the Complexity Science Hub (CSH) quantified countries' exposure to production losses caused by firm defaults in other countries. According to their findings, wealthy nations are only exposed to supply chain disruptions from other high-income countries, while poor and developing nations are exposed to shocks from all countries.
The global community should work together to build inclusive, reliable and reciprocal supply chain partnerships, so as to promote resilient, unimpeded and efficient GVCs and a more inclusive and sustainable global economic development.
China Is Leading The Global Nuclear-Power Build-Out Authored by Tsvetana Paraskova via OilPrice.com, China is currently constructing a total of 26 nuclear power units with a combined capacity of 30.3 gigawatts (GW), the highest in the world, according to a report by the China Nuclear Energy Association (CNEA) cited by local media. China's nuclear power units Hualong One in Fuqing, Fujian Province, China. /CFP Last year, China approved the development of five new nuclear power...
Left-wing separatist party EH Bildu lead opinion polls closely followed by
ASML, the largest supplier of equipment to computer chip makers, reported weaker than expected first-quarter new bookings on Wednesday, although sales to China held up despite U.S.-led restrictions. Shares in Europe's biggest tech firm, which had risen 34% this year, were down 4.5% to 873.40 euros at 0741 GMT The Dutch group is seeing a lull in demand for its most advanced machines, but gearing up for strong growth in 2025 due to strong demand for AI and memory chips, including from TSMC of...
China welcomed global companies to share business opportunities as the fourth China International Consumer Products Expo held its opening ceremony in Haikou City, south China's Hainan Province, on Saturday.
In a groundbreaking study that spanned three years, an international research team, including experts from the University of Oxford and UNSW Canberra, has developed the first-ever World Cybercrime Index.
A UN treaty aims to create the world’s first legally binding agreement on plastic pollution by the end of 2024.
The U.S.-China rivalry has a new flashpoint in the battle for technology supremacy: electric cars. So far, the U.S. is losing. Last year, China became the world’s foremost auto exporter, according to the China Passenger Car Assn., surpassing Japan with more than 5 million sales overseas. New energy vehicles accounted for about 25% of those exports, and more than half of those were created by Chinese brands, a shift from the traditional assembly role China has played for foreign automakers. “The...