Three decades ago, he was a scrappy campaigner roaming the world’s corridors of power with a dream to win independence for his tiny homeland. Today, at 75, José Ramos-Horta is both the president and a relentless salesman for East Timor. He asked China’s president, Xi Jinping, to “help us resolve …
Rows of white concrete buildings near the Pearl River in southern China house one of the world’s fastest-growing industries: Gritty workshops are churning out inexpensive clothing that is exported straight to homes and small businesses around the world. No tariffs are paid, and no customs inspections are conducted. The laborers …
A little-known biotech company stunned the biopharmaceutical industry last spring when it declared an “unprecedented” achievement: its experimental cancer drug looked more effective than Merck‘s Keytruda in a clinical trial. The company, Summit Therapeutics, licensed the drug from Chinese company Akeso Inc. In October, a group of life science investors …
A little over a year ago, a group of researchers at Sheffield Hallam University in England published a report documenting a Chinese clothing company’s potential ties to forced labor. Members of the British Parliament cited the report ahead of a November debate that criticized China for “slavery and forced labor …
President Trump is poised to move forward with sweeping tariffs on foreign steel and aluminum on Monday, re-upping a policy from his first term that pleased domestic metal makers, but hurt other American industries and ignited trade wars with allies on multiple fronts. The 25 percent tariffs that the president …
To many Chinese, DeepSeek’s success is a victory for China’s education system, proof that it equals that of the United States or has even surpassed it. The core team of developers and scientists behind DeepSeek, the Chinese start-up that has jolted the A.I. world, all attended university in China, according …
The United States Postal Service made an about-turn on Wednesday and said it would continue to accept packages from mainland China and Hong Kong, reversing a decision to temporarily halt those deliveries after an order by President Trump that ended duty-free handling of many smaller parcels. The Postal Service’s halt …
To President Trump, one economic number represents everything that is wrong with the global economy: America’s trade deficit. That deficit is the total value of what the United States imports from other nations, minus its exports to other countries. The fact that America runs a trade deficit reflects how the …
President Trump’s proposal that the United States should take control of Gaza and turn it into the “Riviera of the Middle East” drew widespread criticism, including from allies. But it also underscored the expanse of his geopolitical and economic aims, especially after his comments about Greenland and Canada. What will …
The people running CRG Automation are not openly rooting for global economic chaos, but they concede that they are in a perfect position to profit from it. The more that international trade is challenged by uncertainty — like President Trump’s threatened tariffs, or conflicts and crises that impede shipping — …