OPEC+ might have to raise oil output so market doesn’t overheat, Kazakhstan says
OPEC+ might have to raise oil production to avoid market overheating, OPEC+ member Kazakhstan said on Wednesday, as the group of oil producers meets amid U.S. pressure to add barrels to the market while most members have already exhausted their output potential.
As US eyes new China chip curbs, turmoil looms for global market
Export restrictions being considered by Washington to halt China’s advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains – and hurting U.S. businesses.
Factbox: Economic sanctions China has imposed on Taiwan over Pelosi visit
China on Wednesday suspended exports of natural sand to Taiwan and halted imports of fruit and fish products from the self-governed island as U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan in a trip condemned by Beijing. read more
THE RISE OF THE DIGITAL ECONOMY IS BEING ACCELERATED BY COVID-19
The coronavirus has put an end to any persisting skepticism regarding how important digital transition is to the survival of businesses as per economic international news. In a non – contact society, the great majority of communication with customers and staff must be conducted online. With very few exceptions, conducting business digitally is the only […]
How to guarantee Latin America’s food security in the present and the future
Latin America and the Caribbean (LAC) have been severely impacted by the global financial crisis. The buying power of all households, and yet particularly the poorer ones who constitute a substantial portion of their earnings on food and utilities, has been weakened by increasing gas and food costs. Food markets or food events do not […]
Leading Trends Affecting the Energy & Utilities Sector
The Energy and Utilities (E&U) industry has done a good job of aligning itself at an elevated level of technological maturity at the crossroads of a conventional past and a “smart” future. Multinationals in the E&U sector have transitioned to wiser facilities, engaged in alternative sources of energy, and reaped the benefits of digital technologies, […]
GLOBAL ECONOMY Factories squeezed by higher prices, weak demand
Factories across Asia and Europe struggled for momentum in July as flagging global demand and China’s strict COVID-19 restrictions slowed production, surveys showed on Monday, likely adding to fears of economies sliding into recession.
U.S. considers crackdown on memory chip makers in China
The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protect U.S. companies.
Oil drops as weak Chinese factory data heightens demand concerns
Oil prices dropped on Monday as weak manufacturing data from China and Japan weighed on the demand outlook while investors braced for this week’s meeting of officials from OPEC and other top crude producers on supply adjustments.
Sony trims profit forecast after games business falters
Sony Group Corp (6758.T) trimmed its profit forecast on Friday after a weak first quarter for its PlayStation business, which it blamed on waning consumer interest due to a lack of new games and an easing of COVID-19 constraints dampening stay-at-home gaming.
