China’s trade surplus hit almost a trillion dollars in 2024, driven by record exports of $3.6 trillion, according to official data. The surplus, which is equivalent to 992.2 billion in US dollars, has sparked concerns about a new wave of global trade tensions, especially as Donald Trump prepares to re-enter…
Japan’s Meteorological Agency lifted a tsunami warning late Monday following a 6.9 magnitude earthquake that struck off the coast of southwest Japan. The earthquake, which occurred shortly after 9:19 p.m. local time (7:19 a.m. ET), triggered an initial tsunami advisory for Miyazaki and Kochi prefectures on the southern island of…
Indian stocks are in focus on Monday after the country’s Ministry of Statistics and Programme Implementation (MoSPI) said inflation eased further to 5.22% in December. Analysts, in comparison, had called for 5.30%. As inflation continues to lose steam and creates more leeway for the Reserve Bank of India (RBI) to…
As uncertainty looms over TikTok’s future in the US, Chinese social media platform RedNote has surged to the top of Apple’s App Store, reflecting a growing shift among creators preparing for a potential ban on the popular video-sharing app. With the US Supreme Court deliberating on the legality of a…
Vietnam has surpassed Japan to become China’s third-largest export destination for the first time, marking a significant shift in global trade patterns. This transformation is largely driven by US tariffs, which are compelling companies to find new suppliers outside of China while still relying on Chinese manufacturers for essential components.…
Asian markets presented a mixed picture on Tuesday, as bargain buying following recent losses was countered by ongoing concerns about the global economic outlook and the potential impact of a second Donald Trump presidency. The release of US inflation data this week, as well as the start of the corporate…
The US dollar experienced a broad decline against almost every major currency on Tuesday, following a Bloomberg News report that Donald Trump’s incoming economic team is considering a more gradual approach to imposing tariffs. This shift in potential policy is a notable development in the foreign exchange market, triggering a…
Chinese officials are reportedly exploring a scenario where Elon Musk could acquire the US operations of TikTok if the short-video app fails to overcome a looming ban in the United States. While Beijing’s preferred outcome is for TikTok to remain under the ownership of its parent company, ByteDance Ltd., contingency…
Supertanker freight rates have surged in recent days, as the US government’s expanded sanctions on Russian oil trade send traders scrambling to book vessels for shipments from other countries to China and India. This surge in demand is putting upward pressure on shipping costs, creating turbulence in the global oil…
The rampant wildfires in Los Angeles could cost notable insurance firms based out of the European Union more than $1.0 billion in 2025, according to a Berenberg analyst. LA fires have so far displaced millions of people while 24 have reportedly lost their lives as well. Insured losses related to…