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Analysts unsure if Trump would impose a higher tariff on China, as well as countries that are US allies. States are also waiting to see if the US will intervene in the crisis in Iran
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Daily roundup of the best New Economy stories from other media
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Hyundai expects humanoid robots to become the largest segment of physical AI market and plans to build a factory capable of manufacturing 30,000 robot units annually by 2028
As lenders grapple with rising consumer loan and credit card defaults, regulators extend a programme allowing banks to sell bad personal loans to debt recovery firms.
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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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