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Korean officials have been unable to stop the US from increasing the tariff on their exports, as the National Assembly needs to pass a special law on the deal, which could take a few more weeks
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Daily roundup of the best New Economy stories from other media
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Canada will allow up to 49,000 vehicles to be imported annually from China with a tariff of 6.1%. PM Mark Carney said the quota could rise to 70,000 vehicles within 5 years
The bulk of China's provinces lifted their minimum wage last year in a bid to bolster domestic consumption, which has been a growing concern for Beijing
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The AF Big Picture
With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Market InsightsHere’s How China’s ‘Self-Interest’ May Be Adding to Global InflationChina’s imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Market InsightsFresh snap lockdowns put China’s economic recovery in perilChina’s economy slowed sharply in the second quarter due to widespread lockdowns. Now, a nascent third-quarter recovery in the world's second-largest economy appears in danger of stalling.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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