Over a dozen countries, including Japan and South Korea, have become the targets of new U.S. tariffs of at least 25 percent beginning August 1. That came as negotiators of various nations are working against the clock to clinch trade framework agreements with the U.S. What's the new tariffs' impact on on-going trade talks? Our guests shared their views.
U.S. President Donald Trump announced on Monday a 25 percent tax on imports from Japan and South Korea, along with new tariff rates on a dozen other nations that would take effect on August 1. In letters on Truth Social addressed to leaders of the various countries, Trump warned them against raising their own import taxes, or the U.S. would again hike tariffs. What's the trade outlook amid tariff war uncertainty?
Key Global South leaders gathered at the 17th BRICS Summit in Brazil's Rio de Janeiro this week, keen on strategies toward stability amid worsening volatility. BRICS leaders seek a fair and balanced international order. In this episode, experts share their insights into the growing significance of the BRICS Summit.
Analysts share their opinions on how consumption is changing in China and how businesses are coping with uncertainties while developing new opportunities.
As world trade changes dramatically, what practices helped boost global connectivity especially with the support of multilateral lenders like the Asian Infrastructure Investment Bank? How has the AIIB evolved in the face of instability? This edition of the World Insight offers a panel discussion focused on transforming global trade through infrastructure connectivity.
Hong Kong's Stablecoins Ordinance, the world's first dedicated legislation specifically governing fiat-referenced stablecoins, is set to take effect this August. A stablecoin is a type of crypto token backed by a reference asset, typically a fiat currency such as the U.S. dollar or the Hong Kong dollar. The new regulations, spearheaded by the Hong Kong Monetary Authority, are set to integrate stablecoins into the mainstream financial system and bolster financial efficiency and stability in digital asset markets. As stablecoins become a significant part of the financial ecosystem, what does the upcoming initiative reveal about Hong Kong and the global status of the Chinese renminbi?
The surge of AI has led to escalating electricity demands at data centers and the associated greenhouse gas emissions, raising urgent sustainability concerns. Starcloud, a network service provider, is exploring solutions in outer space, with its first launch of data centers scheduled for October this year. In space, data centers will have access to more energy than can be obtained from solar panels, with considerably lower energy costs compared to those on Earth. As innovators in the industry explore more possibilities in the space, how will that benefit us all?
The World Economic Forum Annual Meeting of the New Champions 2025 brought together 1,700 representatives from over 90 countries and regions in Tianjin, China. What did they have to say about the latest global economic outlook and the performance of the world’s second-largest economy?
China is striving to develop itself into a super-sized consumption powerhouse on a solid manufacturing foundation and is willing to do whatever it takes to help tackle the difficulties and challenges facing the global economy. Chinese Premier Li Qiang made the remarks when addressing the opening plenary of the 16th Annual Meeting of the New Champions on Wednesday. How has the introduction of Chinese policies to promote consumption brought new impetus to economic growth? Our guests shared their views.
In this edition of the World Insight, we are in Tianjin's Summer Davos where Columbia University professor Adam Tooze discusses U.S. trade policies and the shifting global power dynamics reshaping the world order.
Geopolitical tensions continue to rattle markets. Regional conflicts, particularly in the Middle East, are not only raising security concerns, but also threatening the stability of global energy supplies. As entrepreneurs and business leaders meet for the Summer Davos Forum, World Economic Forum President and CEO Borge Brende explains how business leaders today see conflicts and trade tensions impacting global growth.
Amid escalating conflict in Iran, how can the world protect civilians and prevent a deepening refugee crisis? And At Tianjin's Summer Davos, Børge Brende, President & CEO of the WEF, reflects on current geopolitical tensions and the path toward a multipolar world.
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