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The global economy is facing tremendous uncertainty from the war between Hamas and Israel in the Middle East, on top of the ongoing war between Russia and Ukraine. Those conflicts don't just threaten the regions where they're unfolding; they may also fray the weakening interconnectedness that remains among the world's largest economies.
CNN
The chief executive of JP Morgan Chase told investors that he was concerned about the risks to the economy from rising geo-political tensions.
BBC News
Japan's Ministry of Economy, Trade and Industry is allocating up to JPY192 billion (US$1.29 billion) in subsidies for US chipmaker Micron Technology's work in Hiroshima prefecture, Nikkei has learned, in a move to bolster domestic semiconductor supply chains.
Nikkei Asia
China's exports have dropped for fourth month in a row as the "world's factory" struggles with weak demand at home and abroad.
BBC News
Xi Jinping wants them to focus on the party's goals. Many cannot see why they should.
Economist
China has long been the engine of global growth. But in recent weeks, its economic slowdown has alarmed international leaders and investors who are no longer counting on it to be a bulwark against weakness elsewhere. In fact, for the first time in decades, the world's second economy is itself the problem.
CNN
China's central bank has cut one of its key interest rates for the second time in three months as the world's second-largest economy struggles to bounce back from the pandemic.
BBC News
After the pandemic and war in Ukraine, and the inflation shock that followed, the global economy is in a precarious state. The last thing it needs right now is another nasty surprise.
CNN
The exhibitors and speakers at both Computex and its related InnoVEX Forum certainly demonstrated a mood of optimism for Taiwan's crucial role in the AI economy.
EE Times
The fight for dominance in the semiconductor sector is reshaping the global economy.
BBC News
Despite signs that inflation has started to recede, economists still expect higher interest rates to push the US economy into a recession in the coming year, according to The Wall Street Journal's latest quarterly survey.
Wall Street Journal
A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned.
BBC News
The pound fell against the dollar on Friday as new figures showed a gloomy picture for the UK economy.
BBC News
Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has said.
BBC News
China is beset by severe economic problems. Growth has stalled, youth unemployment is at a record high, the housing market is collapsing, and companies are struggling with recurring supply chain headaches.
CNN
China has placed millions of its citizens under renewed lockdown after fresh outbreaks of Covid-19 as the government persists in its hardline policy on containing the virus in the face of more evidence that it is suffocating the economy.
Guardian
Beijing has announced tens of billions of dollars in stimulus measures in a bid to shore up confidence as China's economy is battered by a snowballing property sector downturn and President Xi Jinping's stifling zero-Covid policies.
The Financial Times
South Korea's early exports barely rose in August as geopolitical risks and central bank tightening weigh on the world economy.
Bloomberg
Samsung Electronics vice chairman Jay Y. Lee received a presidential pardon Friday for his role in a 2016 political scandal, a move the South Korean government says is necessary so the country's largest chaebol can help steady the national economy.
Ars Technica
China has signalled that it may miss its annual economic growth target, as Covid restrictions weigh on the world's second largest economy.
BBC News
The US economy has shrunk for the second quarter in a row, a milestone that in many countries would be considered an economic recession.
BBC News
Japan's Ministry of Economy, Trade and Industry (METI) will offer subsidies worth up to JPY476 billion (US$3.5 billion) for a semiconductor plant being built in Kumamoto Prefecture by TSMC, Sony and Denso, the ministry said on Friday.
Nikkei Asia
Spain plans to invest EUR11 billion euros (US$12.4 billion) to develop microchips and semiconductors in a bid to modernize its tourism-dependent economy.
Bloomberg
That seems to be the message investors are sending as they push market indexes to new highs daily right after several technology companies warned supply-chain bottlenecks, labor shortages and delivery problems would crimp their holiday results. But investors might be missing something. Disappointing results from three key chip companies could mean cracks are forming around the bull narrative. And they may turn out to be the warning signs this upturn is nearing its end.
Bloomberg
China's regulatory efforts to increase control over its technology sector adds another "decoupling engine" to the global economy, which could weigh on Chinese growth prospects, the former head of the World Trade Organization said.
Bloomberg
Export controls against China will not only fail to halt its technological progress but also hurt the US economy, ASML CEO Peter Wennink said, after trade tensions between Washington and Beijing led to restrictions on the sale of the Dutch company's advanced chip equipment to Chinese firms.
Bloomberg
Samsung Electronics beat analyst estimates for profit in the first quarter, but warned of continued fallout from semiconductor shortages as the global economy recovers from the Covid-19 pandemic.
Reuters
"I have never seen anything like this in the past 20 years since our company's founding," said Jordan Wu, co-founder and chief executive officer of Himax Technologies, a leading supplier of display drivers. "Every application is short of chips."
Bloomberg
In barely 40 years, China has dramatically opened up its economy and become one of the world's primary growth engines. Now, President Xi Jinping is making ambitious plans to pull ahead of rivals by turning his country into a digital powerhouse. But Xi's drive toward tech dominance is being threatened by an unexpected speed bump: China's forceful crackdown on Jack Ma's business empire.
Bloomberg
A military coup in Myanmar and a bloody crackdown on protesters has piled pressure on foreign companies operating in the country. Some firms are scaling back or even pulling operations while those with ties to army-linked firms are being urged to cut them.
Reuters (via Yahoo! Finance)
The Organisation for Economic Cooperation and Development said the world economy is likely to expand by 5.6% in 2021.
BBC News
Activity in China's factory sector rose in December as the world's second-largest economy sustained its recovery to pre-pandemic levels, a business survey showed on Monday, however, increasing cost pressures slowed the pace of expansion.
CNBC
Millions of Americans have awaited aid for months as Congress failed to agree on another plan to boost a health-care system and economy buckling under the weight of the pandemic.
CNBC
U.S. business activity expanded at the fastest rate in more than five years in November led by the quickest pickup in manufacturing since September 2014, a survey showed on Monday in an indication the economy keeps making progress at clambering out of the COVID-19 recession even as infections surge.
Reuters
There's much to celebrate about Thursday's GDP report, which showed the US economy grew at a record annualized rate of 33.1% during the third quarter.
CNN
China's economy is picking up as the country continues to dig its way out of the turmoil caused by the coronavirus pandemic.
CNN
The economy shrank 23.9% in the three months ending in June, compared with the previous year, according to official statistics released on Monday.
CNN
China reported that the country's economy grew by 3.2% in the second quarter of the year, compared to a year ago.
CNBC
China's imports in June rose for the first time since the coronavirus crisis paralysed the economy, as government stimulus stoked demand for commodities, while exports, fuelled by medical goods, also rose in a sign the recovery is gaining traction.
Reuters
Federal Reserve Chairman Jerome Powell said big questions remain over the outlook for the economy, particularly in light of ongoing efforts to contain the coronavirus pandemic.
CNBC
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