Is the world losing faith in the almighty US dollar?
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Europe helped teach China to make cars. Now the tables are turning
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| Western carmakers plot China comeback with local knowhow Financial Times - |
How Wall Street got Donald Trump wrong
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US Could Experience Stagflation and Recession Scenario in 2025, Fidelity International Says
Fidelity International's Salman Ahmed says the firm sees "some combination of stagflation and recession being the baseline risk or scenario" for the US in 2025. Ahmed also tells Bloomberg Television that there are "big questions hanging around what is th…
Even a Volvo Bestseller Presents Headaches for Its Returning CEO
Volvo Car AB’s EX30 is one of the best-selling electric cars in Europe right now, but its start in the American market has been a rocky one. The premium SUV is compact and, until now, has been built in China — points that have played against it in …
BSP Says FX Intervention Targets Inflation, Not Capital Flows
The Philippine central bank said its periodic intervention in currency markets would be aimed at stemming inflationary pressures if the peso was to weaken, but that it’s not trying to manage capital flows into and out of the country.
BOK’s Rhee Says Trend Is for Policy Rate to be Lower: Yonhap
Bank of Korea Governor Rhee Chang-yong said the trajectory of the central bank’s key interest rate is for it to be lower because of stable inflation, even as a cautious approach is maintained on monetary policy, Yonhap News Agency reported.
RECOMMENDED — A special tribunal has been created to prosecute Russian war crimes in Ukraine, but it could take years before officials are tried
Though a special tribunal has been created to prosecute Russia's crimes in Ukraine, there are various hindrances to its functioning. It could take months, if not years, before officials are tried.
UPDATES — Nine people were killed after a car plowed through a crowd in Vancouver, police say
Police said they are investigating a "mass casualty" incident after a driver plowed into a crowd at a street festival in Vancouver, Canada. A "number of people" were killed, and a man was arrested at the scene.