Climate for change COP27 recently wrapped up, with the annual UN climate change conference seeing the US sponsoring a refined version of a voluntary carbon trading scheme – or carbon markets. Essentially, carbon markets are trading platforms in which carbon credits are sold and bought. One tradable carbon credit is the equivalent of one tonne […]
Output in world’s workshop plummets Factories across East Asia were left facing uncertainty after manufacturing output slumped in the region, exacerbated by unrest in China and slowing global demand. The trends highlight Asia’s gloomy economic outlook for 2023, as the lockdowns, labour disputes and civil protests rock international manufactured goods supply and sharpen fears of
Manufacturing maelstrom brews Read More »
Hedge fund helps fight for Japan transparency Activists and business experts hailed Singapore’s company 3D Investment Partners, after it managed to land two of its nominees on the board of the Yokohama-based software developer Fuji Soft – a positive development for those seeking more independent oversight of Japanese firms. The campaign has faced several battles
3D vision aids oversight Read More »
Industrial dispute hits iPhones Foxconn’s main iPhone plant in China is set to delay shipments of Apple products further, by the latest round of worker unrest to hit the factory in Zhengzhou. The Taiwanese electronics contractor – the world’s largest company doing such work for brands like Apple – could now see more than 30%
Apple’s big trouble in China Read More »
Lawsuits, ad infinitum Google is facing multiple court battles in several countries, the latest being by a group of British website publishers who allege the US tech giant – and its parent Alphabet – abuse their dominant position in online advertising, depriving them of revenue. The class action claim was filed at the Competition Appeal
Google faces legal onslaught Read More »
War of the elements China’s dominance of the lithium market – a vital component in batteries for smart digital goods such as phones, laptops and electric vehicles (EVs) – could face a challenge as the West attempts to ramp up its processing of the metal labelled “white gold”. Following years of state support and a
Charge against China’s battery rule Read More »
No surprises Energy prices and their rise have been the talk of thee coming for some time so it’s hardly a shock that suppliers are earning more than usual in times of war and scarcity, but the sheer level of profits being enjoyed by oil companies has led to ramifications beyond the fiscal. Global energy
Oil industry gushing with profit Read More »
A crypto breakdown for our times The Cryptocurrency world has been reeling after the exchange FTX filed for bankruptcy under American laws recently, effectively casting aspersions on the entire industry. The pioneering company’s valuation plunged from USD $32bn to bankruptcy in a matter of days, dragging down founder and CEO Sam Bankman-Fried’s (aka SBF) $16bn
FTX forces further soul searching Read More »
Running out of gas A joint venture to build Jeeps in China is to file for bankruptcy, the companies behind the scheme, Stellantis and Guangzhou Automobile Group (GAC), have said. The decision doesn’t bode well for outside automotive manufacturing in the country or for those looking to invest in such ventures. The conclusion is not
Jeep hits rocky terrain in China Read More »
Major agricultural sector takes hit Coffee farmers in Brazil are defaulting on contracts for a second straight year, causing chaos in the industry despite projections for a better yield next year. This is a result of producers failing to deliver on pre-agreed sales and exposing trade houses to losses. The defaults, reported by the country’s
Brazil’s Coffee Break? Read More »
