North Carolina’s Billion-Dollar Bet on an EV Outsider
Updated Dec. 11, 2023 12:13 am ETHAIPHONG, Vietnam—When electric-car startup VinFast Auto was looking to build a factory in the...
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How China’s BYD Became Tesla’s Biggest Threat
Once a maker of cellphone batteries, the company is in the running to become the world’s No. 1 seller of...
Saudi Arabia Once Banned Videogames. Now, It Wants to Export Them.
Listen to article(3 minutes)RIYADH, Saudi Arabia—For years, this kingdom’s Islamic clerics waged a war on videogames, banning popular titles such...
Deal to Double China Flights Signals U.S. Airlines’ Stronger Hand
Both sides stay civil even as the Biden administration’s go-slow policy frustrates Beijing’s hopes of a faster aviation-market reopening. Source...
U.S. and China Poised to Drift Further Apart After Investment Ban
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The Era of Ultracheap Stuff Is Under Threat
Factories across Asia are struggling to attract young workers. That’s bad news for Western consumers accustomed to inexpensive goods made...
Bank of Japan Hints It Will Accept Higher Rates, Lifting Bond Yields
The central bank calls cap on government bond yields a reference point, not a rigid limit. Source link
Negotiators See Global Deal on Taxing Big Tech Companies Within Reach
An agreement would reallocate taxation of about $200 billion in profits; failure could lead some nations to impose their own...
European Central Bank Raises Rates, Signals More Hikes to Come
The European Central Bank raised its key interest rate by a quarter percentage point, pressing ahead with its campaign against...
U.K. Inflation Stays Above 10%, Raising Prospect of Further Interest-Rate Increases
Food prices rose at the highest pace in decades. A combination of persistent price increases and rising wages sets the...
Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts
Despite U.S. objections, the Gulf countries are using the Russian products internally, including for consumption and refining purposes, and exporting...
The World Economy Is Doing Well—This Is Bad News for Central Bankers
EconomySurprising signs of economic vitality from the U.S. to China and Europe are complicating the fight to bring down high...
China’s Newest Weapon to Nab Western Technology—Its Courts
The growing conflict between China and the U.S. extends from computer-chip factories to a suspected spy balloon over American skies....
WSJ News Exclusive | Iraq Economy Reels as U.S. Moves Against Money Flows to Iran
Iraqis are blaming a little-noticed policy change by the U.S. Treasury and the Federal Reserve Bank of New York for...
Bank of England Raises Rates by 0.5 Point, Slowing Pace of Tightening
WorldEuropeDecision follows a similar move by the Swiss National Bank on a busy day for Europe’s most influential central banks...
EU Sues China in WTO Over Trade Retaliation on Lithuania
WorldEuropeChina’s near-total curtailment of exports from Lithuania followed moves by the Baltic state to support Taiwan Source link
OPEC+ Keeps Oil Curbs Despite Russia Price Cap
WorldGroup led by Saudi Arabia and Russia also faces slowing demand in China Source link
G-7 Sets Russian Oil Price Cap of $60 a Barrel
The move came just hours after the European Union united behind the figure, as Western nations try to curb Moscow’s...
More Venezuelan Oil Unlikely to Reach Markets Soon Despite New Chevron License
BusinessBefore pumping crude in Venezuela, Chevron must collect debt, repair equipment and bolster its workforce while facing outages and security...
President Biden, Xi Jinping Move to Stabilize U.S.-China Relations
The leaders instructed officials to resume talks on major global priorities, while acknowledging areas of deep disagreement that could disrupt...
