A new normal is dividing the global chip industry
By Tim Culpan
SEMICONDUCTOR stockpiles are at a record high, and a global economic downturn is unlikely to change that picture. But an increasingly tense geopolitical environment and continued supply chain friction is dividing the largest from other semiconductor manufacturers, which could impact how well they survive.
Singapore鈥檚 next PM signals rich may have to pay more taxes
Singapore鈥檚 next prime minister signaled that the wealthy may face more taxes as the government seeks more inclusive growth in the city-state and looks...
Why did Trump take classified documents in the first place?
By Timothy L. O鈥橞rien
We now know that the reason the Federal Bureau of Investigation (FBI) searched Donald Trump鈥檚 Palm Beach residence last week is because the 45th...
China home prices fall for 11th month as mortgage crisis deepens
CHINA鈥檚 home prices fell for an 11th month in July, underscoring how government relief efforts are failing to curb the country鈥檚 spiraling real estate crisis.
All I want for Christmas is a reality check
By Maria Tadeo
THE mayor of Vigo in Galicia, Spain, has already started preparing for the city鈥檚 annual Christmas extravaganza. This is in spite of the government鈥檚 attempt to reduce electricity consumption in cooperation with the European Union.
Open your mind to the benefits of nepotism
By Allison Schrager
GREG LONG is one of the world鈥檚 best Big Wave surfers. He got his edge not just from his physical ability, comfort with risk, and skill on the water; he was literally born to be a surfer.
Seoul to ban Parasite-type basement homes after storm deaths
AFTER at least four people drowned in basement homes during the worst storm to lash Seoul in more than a century, South Korea鈥檚 capital city is planning to phase out such dwellings that came to symbolize yawning inequality in the Oscar-winning film 鈥淧arasite.鈥
Over New York, London, and Hong Kong? Time to move on
By Anjani Trivedi
THE FINANCIAL CAPITALS of the world have lost their luster. The bright lights of New York City seem to have dimmed. London has far too many issues to contend with, from inflation, messy politics, and homes not built for the heat to a dysfunctional international airport.
Dozens sickened by new 鈥楲angya鈥 virus in China
NEARLY three dozen people in China have been sickened by a newly identified virus from the same family as the deadly Nipah and Hendra viruses, though there鈥檚 no evidence the pathogen can be transmitted from person-to-person.
The future of travel is less exotic
By Tyler Cowen
I AM WRITING THIS from Amritsar, India, in the state of Punjab. The Sikh Golden Temple here is one of India鈥檚 leading attractions, and last night I shared space with thousands of people over the course of four or five hours. In that time, I saw only two people who might qualify as White Westerners.
Putin鈥檚 Ukraine war has three lessons for global food supplies
By Amanda Little
WHEN 26,500 tons of corn sailed out of the port of Odesa last week 鈥 the first agricultural export from Ukraine since Russia鈥檚 invasion 鈥 many food security experts breathed a sigh of relief. The news, combined with the falling cost of wheat after global prices had nearly doubled, has investors and policy makers wondering whether the threat of global food shortages is abating.
Asia central banks deploy foreign exchange reserves to help prop up their currencies
ASIA鈥橲 EMERGING ECONOMIES are drawing on large foreign exchange (FX) reserves to help prop up their currencies rather than going all out with interest rate hikes.
















