Call for caution amid fears government intervention could lead to costly mistakes and prompt subsidy battleAggressive use of industrial policy by the world’s most powerful economies risks becoming an expensive mistake that could trigger a tit-for-tat subsidy war, the International Monetary Fund has said.In a warning shot to governments around the world, the IMF said attempts to increase innovation only worked under certain limited conditions and were not a “magic cure” for slow growth. Continue...
The global economy is set for another year of slow but steady growth, the International Monetary Fund said on Tuesday, with U.S. strength pushing world output through headwinds from lingering high inflation, weak demand in China and Europe, and spillovers from two regional wars. The IMF forecast global real GDP
U.S. officials said Chinese materials are filing critical gaps in Russia's defense production cycle and helping Moscow undertake the expansion of its defence industrial base.
Trump campaign spokesman Steven Cheung on Thursday blasted Politico editor Catherine Kim for misrepresenting former President Donald Trump's record on China.
In an interview with conservative radio host Hugh Hewitt, Trump said that Israel is “absolutely losing the
WASHINGTON (AP) — China's burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight, highlighted by Treasury Secretary Janet Yellen during her five-day visit to China and seized on by former President Donald Trump in incendiary remarks on the campaign trail. China has sharply ramped up its production of cheap electric vehicles, solar panels, and batteries just as the Biden administration has pushed through legislation supporting...
NEW YORK (AP) — Former President Donald Trump offered a tough message to Israel over its war against Hamas on Thursday, urging the country to: “Get it over with.” Join our WhatsApp group Subscribe to our Daily Roundup Email In an interview with conservative radio host Hugh Hewitt, Trump said that Israel is “absolutely losing
On March 28, the Chinese Mission held the first Media Salon of 2024.
Protecting our electric car industry and other green technologies is probably a good idea in order to give them some breathing space to grow and compete. It also makes sense to have productive capacity for advanced semi-conductors, so as not to be dependent on Taiwan in the event of a military conflict. But it really is not okay that our policies are making China angry. We have to pursue policies that are in the U.S. national interest, but we should not be looking to gratuitously put it in...
The occasional burst of candour from US diplomats provides a striking, air clearing difference to their Australian and British counterparts. Official statements about the AUKUS security pact between Washington, London and Canberra, rarely mention the target in so many words, except on the gossiping fringes. Commentators and think tankers are essentially given free rein to speculate, masticating More
As Donald Trump the candidate overlaps with Donald Trump the defendant, new polling finds that many crucial independent voters consider his trial to be a serious issue. NBC News' Hallie Jackson reports.