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economy


Advertisement In the 21st century, the battlefield between superpowers relies more on the trade of bits, bytes, and computers than bombs, bullets, and coal. Technological dominance is a key factor in power struggles, replacing “arms race” with “AI race” and “space” with “silicon.” The software armory of sophisticated technology running on artificial intelligence is birthed …

The move comes as China is grappling with the escalating coronavirus outbreak. The disease has killed 565 people, mostly in China, and infected more than 28,000 people in over 25 countries and territories. Starting next week, US goods that have a tariff rate of 10% will be reduced to 5%, and products that have a …

Reserve Bank of Australia’s Governor Philip Lowe is speaking on “The Year Ahead” at the National Press Club, Sydney today. Markets are looking for further clarification since the RBS’s rate decision yesterday and surprise optimism about the economic outlook which lifted AUD crosses through stops, triggering a huge bid in the Aussie.  Lowe said on Wednesday that …

Joel McKay, CEO of the Northern Development Initiative Trust, an economic-development group, delivered a state-of-the-North address to the B.C. Natural Resources Forum on Thursday. 302121001183 / PNG PRINCE GEORGE — The natural-resource sector will remain the cornerstone of Northern B.C.’s economy, but it is changing in its nature and its weight, the B.C. Natural Resource …

The big picture: 53% of CEOs expect global economic growth to decline in 2020, up from 29% in 2019 and just 5% in 2018. Their views of their own companies’ prospects were the bleakest since 2009. That sentiment was spread across all regions, though CEOs in the Asia-Pacific are most optimistic and North American CEOs …

The available studies rely on data at least two years old and probably understate how rapidly China is leapfrogging into the developed world as a tech power. It has more than tripled research and development over the past decade to $440 billion a year, more than in all of Europe. Today nine of the 20 …

Global market intelligence firm TrendForce is honored to announce its 20th anniversary in 2020. In addition to offering enterprise consultation services, TrendForce specializes in the comprehensive market analysis of the global technology sector. With over 20 years of industrial data and insights, TrendForce established Prophet, an AI solutions company, in 2017, growing its service areas …

  Trần Văn Tùng, Deputy Minister of Science and Technology. — VNA/VNS Photo Trần Văn Tùng, Deputy Minister of Science and Technology, talks to Vietnam News Agency on his ministry’s contributions to national industrialisation and international integration How did the Ministry of Science and Technology contribute to industrialisation and international integration in 2019? One of the major tasks the …

Flextronics International Apple factory employees work on Apple Mac Pro computer assembly in Austin, TX, November 20, 2019. Tom Brenner | Reuters U.S. manufacturing output rose unexpectedly in December as a drop in motor vehicle output was outpaced by increases in production of other durable goods, food and beverages, and other products. The Federal Reserve …

Getty As was noted last year, crystal ball gazing is a perilous activity in this unpredictable world of ours. No-one can say with any degree of certainty how international conflicts will unfold, what will happen politically, and whether the economy will plunge into recession. Generally, as a social science, economics has poor predictive power. And, economists …