Nirmala Sitharaman, India’s finance minister, leaves the ministry to present the budget at the parliament in New Delhi, India, on July 23, 2024. Bloomberg | Bloomberg | Getty Images As the Indian government walks a tight rope between fiscal prudence and reviving growth, experts suggest it will likely favor cutting … Read more
Larry Summers predicts a ‘new miracle drug’ will emerge every couple of years Larry Summers, president emeritus and professor at Harvard University, at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025. Stefan Wermuth | Bloomberg | Getty Images Speaking on a panel moderated by CNBC’s … Read more
Russia’s President Vladimir Putin (R) speaks with India’s Prime Minister Narendra Modi (L) during a visit to the shipyard Zvezda, as Rosneft Russian oil giant chief Igor Sechin (C) accompanies them, outside the far-eastern Russian port of Vladivostok on September 4, 2019, ahead of the start of the Eastern Economic … Read more
A man looks in the window of a money changer showing the rate of various currencies against the Japanese yen, along a street in central Tokyo on April 29, 2024. Richard A. Brooks | Afp | Getty Images Central banks in Asia face a catch-22 in 2025. A relentless rise … Read more
This aerial picture shows flooded streets and buildings in Thai Nguyen on September 10, 2024, a few days after Super Typhoon Yagi hit northern Vietnam. Xuan Quang | Afp | Getty Images Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of advisory firm … Read more
Apple CEO Tim Cook (center) speaking alongside Indonesian Minister of Communication and Information Budi Arie Setiadi (right) and Indonesian Minister of Industry Agus Gumiwang Kartasasmita during a press conference after meeting with Indonesia’s President Joko Widodo at the Merdeka Palace in Jakarta on April 17, 2024. Bay Ismoyo | Afp … Read more
Workers assembles smartphones at Dixon Technologies factory in Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images India has big ambitions to become a semiconductor powerhouse as the world’s fifth-largest economy pushes for self-reliance in manufacturing. Indian Prime Minister Narendra Modi has set numerous goals … Read more
In the 1980s, Japan was the dominant player in the semiconductor market. But huge shifts in the way the chip supply chain operated eroded that leading-edge. Countries like Taiwan with TSMC, the world’s largest and most advanced semiconductor manufacturer, began to dominate in the production of chips. The U.S. is … Read more
The trucking industry is turning a corner after a prolonged freight recession that succeeded the Covid boom in transportation rate and services, according to logistics executives. Data from Motive, which tracks trucking visits to North American distribution facilities for the top five retailers, shows volume up 30% year-over-year in June. … Read more
India has undergone a massive infrastructure push and has made significant strides in connecting and modernizing its highways, railways and airports. Puneet Vikram Singh, Nature And Concept Photographer, | Moment | Getty Images For the last two years, Prime Minister Narendra Modi has spoken confidently about his ambitious goal to … Read more
