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A reordering of the rules of trade, set on top of transformational change in technology, demographics and climate, is remaking jobs, politics and lives.A furniture factory in Vietnam. Chinese exports are surging not just into Europe but even more sharply into Southeast Asia.
The Bank of Japan moved to slow inflation as the prime minister is borrowing more to fund an ambitious effort to build up industry and support households.The rate increase is widely viewed as an attempt to ultimately help cool inflation and give wages a chance to keep up.
The Chinese-owned video app reached agreements with the software giant Oracle and two investment firms, Silver Lake and MGX, as part of a deal to keep TikTok operating in the United States.The announcement of a deal brings TikTok, one of the country’s most popular social media apps, closer to resolving years of questions about its future.
Quarterly sales rose slightly for the world’s largest footwear company despite weak results in China and with its Converse brand.Nike is among the retailers affected by tariffs this year.
An adviser at Merrill Lynch, he refused to recommend the energy trading company. His employer pushed him out, but his stand made him a hero.