Op-ed: If you think China needs to dethrone U.S. dollar, you don’t understand how it is waging global currency war
It’s misguided to focus on China’s renminbi replacing the U.S. dollar. Beijing is already successfully reducing dependence on a dollar-centric global system.
Saudi Aramco helicopter crash kills 14 nationals, state news agency says
Aramco had resumed crude oil loadings on Friday at its Ras Tanura terminal in the Gulf after they were halted for nearly four months.
These 10 Chinese stocks are powering U.S. data centers
Many of the top-performing mainland Chinese stocks this year make components used in data centers globally, according to 22V Research.
Morgan Stanley says salt is the new oil. Here’s why and how to play it
Salt can become as sought-out as oil amid a boom in demand for sodium-ion batteries, according to the firm.
Debt, AI boom and economic fragilities raise global risks, BIS says
The central bank umbrella group’s Annual Economic Report warned of a complex mix of vulnerabilities.
Google limits Meta’s use of its Gemini AI models, FT reports
Meta had sought more computing capacity than Google could provide, the Financial Times reports.
U.S., Iran pause hostilities as Hormuz shipping resumes after weekend clashes
The U.S. and Iran agreed to pause hostilities and allow commercial vessels to move freely through the Strait of Hormuz, easing fears of a prolonged disruption to global oil supplies after a weekend of military exchanges.
U.S. military attacks Iranian targets after commercial tanker hit in the Strait of Hormuz
The attacks come as the United States and Iran are supposed to be engaging in a 60-day ceasefire as they attempt to work toward a resolution.
Why investors may want to prioritize bond markets outside the U.S.
Allspring Global Investments is pushing clients toward countries with central banks that are raising interest rates or have different inflation dynamics.
American couple left New York City and bought a house in Italy for $13,000: ‘We found a different way of life’
Cassandra Tresl and Alex Ninman moved in with Tresl’s grandfather in the Czech Republic in 2020 and closed on a house in Abruzzo, Italy, in 2022.
