UK carmakers warned that without significant government backing, the industry won’t be able to compete with the US and the European Union, which are offering unprecedented incentives for electric-vehicle production.
Chinese companies plan to ramp up hiring in the coming year as the economy rebounds and operations return to normal following the end of Covid restrictions, S&P Global said.
China’s relationship with Russia and the potential role it might play in the war in Ukraine are the biggest wild-card risks to markets that investors are missing, according to the latest MLIV Pulse survey.
Nearly three months of rallies challenging government plans to weaken the judiciary are sapping investor confidence and deepening divides.
The digital-asset market is coming off of a turbulent year featuring a number of high-profile blowups. Now, three shutdowns in the banking industry — SVB Financial Group’s Silicon Valley Bank, Silvergate Capital Corp. and Signature Bank — have set off a fresh set of stresses.
North Korea said it fired two cruise missiles from a submarine and issued a new threat to “mercilessly punish” the US as it starts large-scale military drills with South Korea that have stoked Pyongyang’s anger.
Chinese President Xi Jinping capped this year’s National People’s Congress by securing a third, norm-defying term in office and shaping some of the policies that will steer the world’s second-largest economy through the year ahead.
Ripple Labs, the company associated with the popular XRP cryptocurrency, has some of its funds in Silicon Valley Bank, Chief Executive Officer Brad Garlinghouse said in a tweet Sunday.
North Korea said it launched two strategic cruise missiles in the waters of the East Sea of Korea, a drill that comes as the US and South Korea prepare to open 10 days of joint military exercises.
The Federal Reserve and the Treasury Department are preparing emergency measures to shore up banks and ensure they can meet potential demands by their customers to withdraw money, as the US seeks to stave off a deeper crisis after SVB Financial Group’s failure.
