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Stocks rise after Trump says he won't use force in his bid to seize Greenland, while Chinese media urge Europeans to team up with other partners and the EU suspends its trade deal with the US
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Asia Media Digest
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Daily roundup of the best New Economy stories from other media
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Diversification of trade to Africa, SE Asia and other regions, helps China manage US tariffs, but it also highlights its weak domestic economy, analysts say
Trump urges Iranians to keep protesting. Meanwhile, analysts unsure if Trump will impose a higher tariff on China, plus countries that are US allies. States are also waiting to see if the US will intervene in the crisis
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The AF Big Picture
With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Market InsightsHere’s How China’s ‘Self-Interest’ May Be Adding to Global InflationChina’s imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Market InsightsFresh snap lockdowns put China’s economic recovery in perilChina’s economy slowed sharply in the second quarter due to widespread lockdowns. Now, a nascent third-quarter recovery in the world's second-largest economy appears in danger of stalling.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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