Dentons’ decision to quit the country and new investment limits by the Biden administration underscore the growing challenges facing Western companies there.
Category: International Trade and World Market
-
Biden to Restrict Investments in China, Citing National Security Threats
The measure to clamp down on investments in certain industries deemed to pose security risks, set to be issued Wednesday, appears likely to open a new front in the U.S.-China economic conflict.
-
China’s Exports Fall Again, Imperiling Its Economic Recovery
Shipments to trading partners slid 14.5 percent in July from the year before, the biggest decline since February 2020, adding to the pressure on Chinese authorities trying to rekindle growth.
-
Saudi Aramco Reports $30 Billion in Profit for Latest Quarter
It was a steep fall from last year’s record profit, but still enough for the company to introduce additional dividend payments and increase capital investment.
-
TSMC Chairman Mark Liu Says Company Will Keep Its Roots in Taiwan
In an interview, the chip maker’s chairman, Mark Liu, explained why TSMC’s top tech would stay in Taiwan, despite growing threats from China and worries from the United States.
-
Solar Supply Chain Grows More Opaque Amid Human Rights Concerns
The global industry is cutting some ties to China, but its exposure to forced labor remains high and companies are less transparent, a new report found.
-
A Strong Peso Gives Mexicans Working Abroad Less Bang for Their Buck
The peso’s soaring value means the money that Mexicans in the United States send home doesn’t go as far as it used to.
-
Why Austria Is Struggling to Break Away From Russian Gas
Austria, unlike most European Union countries, is still buying nearly as much natural gas from Russia as it was before the war in Ukraine.
-
An American Energy Giant Sees Israel as a Springboard to Europe
Chevron finds itself with an abundance of natural gas on Europe’s doorstep. Amid competing regional interests, the question is how to develop it.
-
Russian Attack Threatens Even Alternative Routes for Ukrainian Grain
The attack on a grain hangar on the Danube River, an alternative export route that has become an economic lifeline, complicates Ukraine’s efforts to export its grain.
-
Russia Strikes Danube Port, Escalating Attacks on Ukraine Grain Routes
The assault, across the river from Romania, heightened the risk of a more direct confrontation with a NATO member and came on the same day that drones struck buildings in Moscow.