US, EU deepen alliance to boost ‘underpin’ of global economies: semiconductors

U.S.-EU ties with Japan suggest an increased effort to distance themselves from China. The U.S. and European Union pledged Wednesday to deepen its alliance for the sake of advancing common priorities like artificial intelligence, trade challenges and the “underpin” to global economies: semiconductors. … Read More

China partly shuts world’s third-busiest port, risking trade

posted in: Far East, News

Steps to limit virus could disrupt global supply chains ahead of year-end shopping season. People register to receive the Covid-19 vaccine on Tuesday in Ningbo, where authorities have closed part of the world’s third-busiest port.  –Photo credit: AFP China partly … Read More

China is leading a 15-nation pact that would create the world’s biggest trade deal. The US isn’t in it.

posted in: News, World News

Joern Pollex/Getty Images Global trade is marching on with or without the US. Next year, the world’s biggest free trade deal could be signed. The Regional Comprehensive Economic Partnership (RCEP) would be made up of 15 countries. The US and … Read More

Yen plunges as traders add risk for future with vaccine, Biden

posted in: Far East, News

NEW YORK (Reuters) – Traders unloaded Japanese yen and bought riskier currencies and the U.S. dollar on Monday as market confidence in the economy and world trade increased with progress on a COVID-19 vaccine and the prospect of Joe Biden … Read More