Latest in Global hotel chains bet on cheaper end of market as Chinese economy slows
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US economy grew 2.8 percent in 2024, but slowed to end year
Fourth quarter economic growth eased to an annualized rate of 2.3 percent, shy of an expected 2.6 percent, as the economy heads into uncertain territory. Gross domestic product (GDP) growth slowed ...The Hill - 1h -
U.S. growth slowed at end of 2024, GDP shows, but economy looks good under the hood
The U.S. grew at a mild 2.3% annual pace in the final three months of 2024, but the details of the report showed an economy on strong footing as the Biden administration handed off to the Trump ...MarketWatch - 3h -
Scotland bets on supply chain growth with subsea cable investment
Port project promises to deliver jobs and green investment but developers raise concerns over nascent technologyFinancial Times - 12h -
India’s Modi faces budget challenge as economy slows
Finance minister under pressure to revive growth while maintaining fiscal disciplineFinancial Times - 15h -
Meta sticks with big bet on AI even after DeepSeek shook markets
Chief Mark Zuckerberg says group will plough ‘hundreds of billions’ into artificial intelligenceFinancial Times - 15h -
Indonesia tests global carbon credits market linked to energy projects
Analysts caution about investor scepticism of emissions savings from fossil fuel productionFinancial Times - 2d -
Global hotel chains bet on cheaper end of market as Chinese economy slows
Hyatt, IHG and Radisson are expanding in China but shifting focus to more cost-conscious travellersFinancial Times - 2d -
Nvidia shares sink as Chinese AI app spooks markets
Share prices in US and European firms fall as the Chinese technology threatens to disrupt the AI industry.BBC News - 2d -
Why this China-made BYD Shark pickup is drawing attention in the global truck market
DETROIT — There’s a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck.NBC News - 2d -
Nvidia loses nearly $600 billion in market value after Chinese AI startup bursts onto scene
Shares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus pandemic.NBC News - 2d -
Nvidia drops 17% as China's cheaper AI model DeepSeek sparks global tech sell-off
DeepSeek launched a free, open-source large language model in late December, claiming it was developed in just two months at a cost of under $6 million.CNBC - 2d -
FirstFT: Success of Chinese rival to ChatGPT triggers global stock market sell-off
Also in today’s newsletter, Israel allows Palestinians to return to northern Gaza and investors offload record amounts of PE stakesFinancial Times - 3d -
Global investors unfazed by PBoC’s warnings on Chinese bonds
Risk of a systemic financial event stemming from bank purchases of the country’s bonds is low, analysts sayFinancial Times - 3d -
Why this China-made BYD Shark pickup is drawing attention in the global truck market
BYD has not announced plans to sell the Shark in the U.S., but it has entered countries such as Mexico, where GM, Ford and Toyota sell pickup trucks.CNBC - 5d -
He bought an abandoned tin mine in Phuket in 1984. Now, his hotel chain is worth over $200 million
"I'm quite individualistic. I became an entrepreneur more by the lack of other avenues," says Ho Kwon Ping, the founder and executive chairman of Banyan Group.CNBC - Jan. 23 -
How Trump Could Move Markets and Reshape the Economy
Trump has vowed to cut taxes and implement tariffs, among other initiatives that will affect the economy.Inc. - Jan. 21 -
Von der Leyen warns on ‘fracturing’ global economy
German vice-chancellor Robert Habeck says Europe must not ‘let ourselves be pushed around’Financial Times - Jan. 21 -
FirstFT: Trump renews tariff threats sending shockwaves through global markets
Also in today’s newsletter, Panama responds to Trump’s threat to take back the Panama Canal and Ray Dalio on UK’s ‘debt death spiral’Financial Times - Jan. 21 -
India’s Economy Slows Down Just When It Was Supposed to Speed Up
Industrial growth, the stock market and the rupee are sinking, and most consumers earn too little to buoy them, stymieing India’s drive to become a developed economy.The New York Times - Jan. 21 -
The U.S. economy is in a ‘sweet spot’. But markets may be getting one thing wrong, says Goldman Sachs.
Investors are possibly too pessimistic on the likely pace of Fed rate cutsMarketWatch - Jan. 20 -
U.S. economy poised to lead the global pack in 2025, IMF says. Here’s why.
The U.S. economy has separated itself from the global pack — and its lead could widen in the new year.MarketWatch - Jan. 17 -
Singapore bets that the carbon credit market isn’t dead yet
Government fund’s bet on BeZero is the latest in a series of investments in carbon credit companiesFinancial Times - Jan. 17 -
California wildfires could slow the economy and boost inflation — and that’s not even the worst of it, economists say
There were 27 natural disasters that cost at least $1 billion in 2024, well above the annual average of nine such events from 1980 to 2023.MarketWatch - Jan. 16 -
China's slowing economy is waiting for more stimulus. Here's how the country plans to boost growth
China's slowing economy is still waiting for promised government support to kick in.CNBC - Jan. 16 -
Global economy could face 50% loss in GDP between 2070 and 2090 from climate shocks, say actuaries
Exclusive: Report by risk experts says previous assessments ignored severe effects of climate crisis. The global economy could face 50% loss in gross domestic product (GDP) between 2070 and 2090 ...The Guardian - Jan. 16 -
How to shockproof the UK economy’s exposure to global risks | Mohamed El-Erian
As with US bond yields, the UK economy risks catching cold whenever anywhere else sneezes – but Britain can insulate itself better. The British government was right to describe the recent bout of ...The Guardian - Jan. 15 -
Trump Jr. joins betting market Kalshi as adviser
Donald Trump Jr. announced Monday he is joining Kalshi, a prediction market that allows users to bet on political developments, as a strategic adviser. "On Election night at Mar-a-Lago, while ...The Hill - Jan. 13 -
EU too slow to tackle single market abuse, say industry bodies
Number of cases opened against member states for breaches of EU law has dropped sharplyFinancial Times - Jan. 13 -
For fear of finding something worse: Trump and the end of the global rules-based order
The impending second presidency of Donald Trump is a challenge to the framework of global politics and diplomacy that it may not survive.The Hill - Jan. 12 -
Malaysia expects surge of Chinese investment, economy minister says
Rafizi Ramli suggests semiconductor and tech sectors are seeking to avoid exposure to possible Trump tariffsFinancial Times - Jan. 12 -
Labor Market Ends 2024 With a Bang
Surprisingly, employers added 256,000 jobs in December 2024, and unemployment ticked down.Inc. - Jan. 10 -
China bets on kitchen appliances to boost economy
A list of subsidised household goods has been expanded as Beijing tries to increase domestic spending.BBC News - Jan. 9 -
'Trump 2.0' looms large over the global economy
Donald Trump's planned tariffs are expected to greatly impact international trade in 2025.BBC News - Jan. 9 -
McDonald’s new McValue menu foreshadows cheaper fast food elsewhere — and more struggles for chains, analysts say
After fast-food chains tried to win over inflation-weary customers with discounts last year, McDonald’s Corp. kicked off 2025 with yet another deal, launching its new “McValue” menu intended to ...MarketWatch - Jan. 8 -
U.S. stocks dominated global markets in 2024 — why they likely won’t in 2025
The U.S. stock market remained the envy of the world in 2024, extending its outperformance against international peers and claiming an even bigger slice of the multitrillion-dollar global equity ...MarketWatch - Jan. 7 -
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts
Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.CNBC - Jan. 3 -
Jobless claims drop to 8-month low to end 2024. Low U.S. unemployment fuels economy.
The number of people who applied for unemployment benefits after Christmas fell to an eight-month low, capping off a year of remarkably low layoffs in a surprising resilient U.S. economy.MarketWatch - Jan. 2 -
Chinese EV makers BYD, Nio, Li and XPeng end 2024 on a sales high
Chinese electric-vehicle makers enjoyed strong sales in December 2024 as the country’s EV price war continued.MarketWatch - Jan. 2 -
Job losses at Europe’s car parts suppliers soar as vehicle market slows
Falling sales growth and excess capacity have led to sector pain that the EV transition is not easingFinancial Times - Jan. 2 -
A year of two halves: how global financial markets fared in 2024
Good for equities, good for the US, and good for crypto but the year spawned mixed blessings for the UK, China and Europe. Global stock markets climbed in 2024, helped by falling inflation and the ...The Guardian - Jan. 1