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Global Trade & Economics: Page 207

Xi and Marcos Agree to Boost Ties, Consult on Maritime Issues

The Philippines is seeking loans from Beijing for infrastructure projects and Marcos has called China the country’s strongest partner in pandemic recovery.

Philippines president, Ferdinand Marcos Jr. Photo: Bloomberg

India, not China, Will Soon Have the Largest Population in the World

China's population has stabilized and is set to shrink, while India's is still growing — pretty fast.

Photo: iStock.com/Umesh Negi

Tesla Shares Continue Slide with Shrinking Demand and Logistics Snags

Once worth more than $1 trillion, Tesla lost more than 65% in market value in a tumultuous 2022.

Tesla Model S. Photo: Tesla

California Braces for Its Next Deluge as Pacific Storms Line Up

A powerful stream of densely moist air flowing off the Pacific Ocean is forecast to bring 3 to 6 inches of rain to a wide area from Eureka to San Francisco January 4 into January 5.

Photo: Bloomberg

Germany Imports First LNG From the U.S. at New Uniper Terminal

Berlin fast-tracked its first LNG import terminals by renting five floating storage and re-gasification units.

The Hoegh Esperanza FSRU approaches Wilhelmshaven, Germany, on December 15. Photo: Bloomberg

Shift to EVs Triggers Huge U.S. Factory Building Boom

In 2022 alone, companies announced more than $73 billion in planned projects — more than three times the previous record, set in 2021.

Photo: iStock.com/Fahroni

Yemen Plans $130 Million Port, Road in Mahra to Move Minerals

The country has been devastated by a seven-year conflict that spurred a humanitarian catastrophe. The project will provide an opportunity for improvement, the official said.

Photo: Bloomberg

TSMC Starts Next-Gen Mass Production as World Fights Over Chips

Recent military exercises held by Beijing around Taiwan have reignited concerns about the world’s dependence on the island for semiconductors.

A ceremony at Taiwan's TSMC’s Tainan campus on December 29. Photo: Bloomberg

India Brings Back COVID Tests for Flyers From Some Asian Nations

An RT-PCR test has been made mandatory for flyers coming from China, Hong Kong, Japan, South Korea, Singapore and Thailand from January 1, 2023.

Photo: Bloomberg

Insurers End War-Risk Cover for Shipping Across Russia, Ukraine and Belarus

At least 12 of the 13 Protection and Indemnity (P&I) clubs — which cover 90% of the world’s ocean-going ships, including those from the U.K. and the U.S. — said they would no longer be able to provide coverage.

Photo: iStock.com/berean

Japan Factory Output Falls a Third Month as Global Demand Cools

With demand weakening at home and abroad, Japan’s recovery from an economic contraction over the summer may prove less robust than hoped.

Photo: Bloomberg

China COVID Surge Leads Nations to Adopt Entry Restrictions

The new U.S. travel precautions have been prompted in part by concerns over the lack of genomic sequencing data that could help identify the emergence of a new variant.

Photo: iStock.com/Dmytro Kvasnetskyy

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