Mondial economy

Factory orders from China down 40% in relentless slump in demand

Factory orders from China down 40% in relentless slump in demand

Aerial view of containers stacked at Qinzhou Port on August 15, 2022 in Qinzhou, China’s Guangxi Zhuang Autonomous Region. China News Service | Getty Images U.S. logistics officials are bracing for delays in the delivery of goods from China in early January due to canceled container ship departures and export transfers by ocean carriers. Carriers …

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India could become third largest economy by 2030, overtaking Japan and Germany

India could become third largest economy by 2030, overtaking Japan and Germany

Beautiful and colorful aerial view of the Mumbai skyline during twilight as seen from Currey Road on February 16, 2022 in Mumbai, India. Pratik Chorgé | Hindustan Times | Getty Images India is expected to overtake Japan and Germany to become the world’s third-largest economy, according to S&P Global and Morgan Stanley. The S&P forecast …

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Singapore minister says country will not take sides as there is no win-win scenario in a fractured world

Singapore minister says country will not take sides as there is no win-win scenario in a fractured world

Singapore will not take sides in geopolitical disputes and will instead take pro-rule of law stances, the country’s Education Minister Chan Chun Sing said in his keynote address at the Morgan Stanley Asia-Pacific Summit on Wednesday. Singapore. He said the world should remain interdependent despite breaking pressures, because any kind of divide would make individual …

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'We will see spectacular failures': CEOs and investors explain what the end of cheap money means for tech

‘We will see spectacular failures’: CEOs and investors explain what the end of cheap money means for tech

Guillaume Pousaz, CEO and founder of payment platform Checkout.com, speaking on stage at the Web Summit 2022 technology conference. Horace Villalobos | Getty Images LISBON, Portugal — Once upon a time, high-flying tech unicorns are getting their wings clipped as the era of easy money draws to a close. That was the message from the …

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These currencies have fallen this year - and one is down more than 75% against the dollar

These currencies have fallen this year – and one is down more than 75% against the dollar

Zimbabweans queue to withdraw cash from a bank on June 21, 2008 in Bulawayo, Zimbabwe. Skyrocketing inflation continues to plague the Zimbabwean economy. John Moore | Getty Images News | Getty Images Currency markets have had a tough time in 2022, but in some countries a combination of geopolitical pressures and central bank missteps have …

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India, Mexico and Southeast Asia will benefit from 'the great diversification', says Australian Kevin Rudd

India, Mexico and Southeast Asia will benefit from ‘the great diversification’, says Australian Kevin Rudd

Kevin Rudd, former Prime Minister of the Commonwealth of Australia and President of the Asia Society Policy Institute Leigh Vogel | Getty Images For companies seeking to diversify into new markets – especially given the geopolitical risks surrounding China – India, Southeast Asia and Mexico are prime candidates, the former prime minister said on Sunday. …

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Canceled sailings from China and 'drastic' ship cuts affect US ability to reach export market

Canceled sailings from China and ‘drastic’ ship cuts affect US ability to reach export market

Shipping containers at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California on April 7, 2021. Lucy Nicholson | Reuters An increase in canceled or canceled departures from Asia to the United States is hitting some of the largest domestic ports, including the Port of Long Beach …

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The global shipping industry faces a new problem: too many containers

The global shipping industry faces a new problem: too many containers

Trends in global supply chains continue to reverse as container prices fall and container depots fill up, according to logistics data. Sasin Tipchai | 500Px | Getty Images While there was a shortage of containers at the height of the pandemic, the global economy is now facing the opposite problem: too many containers. In addition …

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