Sunday, February 23

Tag: developing economies

The Dominant Dollar Faces a Backlash in the Oil Market
28Dec By adminNo Comments
Money

The Dominant Dollar Faces a Backlash in the Oil Market

Updated Dec. 28, 2023 12:00 am ETSome major emerging economies are dabbling in trading commodities without using the dollar, as they seek to reduce their reliance on the U.S. currency.Faced with U.S. sanctions and other restrictions, Russia and Iran in particular have stepped up oil sales in alternative currencies, and have found buyers in China, India and elsewhere that are happy to buy these exports, often at lower prices.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China Wants to Move Ahead, but Xi Jinping Is Looking to the Past
28Dec By adminNo Comments
World

China Wants to Move Ahead, but Xi Jinping Is Looking to the Past

Dec. 27, 2023 11:00 pm ETListen to article(1 minute)A song called “Tomorrow Will Be Better” became a sensation in mainland China in the 1980s, when the nation was emerging from the poverty and turmoil of Mao Zedong’s rule.Its inspirational lyrics, which exhorted listeners to “look upward for the wings in the sky,” came to represent a generation that was starting to believe in a brighter future.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Iran Is Pushing Biden Around
27Dec By adminNo Comments
Health

Iran Is Pushing Biden Around

Hours after Kataib Hezbollah injured three American troops with an attack on an air base in Iraq on Dec. 25, the U.S. struck back, hitting three facilities used by the Iran-backed militia. U.S. officials described the act as a proportionate retaliation to deter further attacks and mitigate the risk of a full-scale war between the U.S. and Iran. U.S. military officials say there have been 103 attacks against U.S. troops in Iraq and Syria since Oct. 17. Several Americans have been injured. The U.S. has retaliated half a dozen times against Iran’s Arab proxies in both countries. The math isn’t working for the Biden administration, and neither is time. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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America Needs a Middle East Strategy
27Dec By adminNo Comments
Business

America Needs a Middle East Strategy

Nearly two months into Israel’s ground campaign, all eyes are on the Gaza Strip. Yet divisions over Gaza point to a disconnect between U.S. policy and strategic reality. The Middle East is headed toward a major war, for which the U.S. needs a strategy well beyond Gaza.Since late November, the Biden administration’s approach to the Gaza war has been to issue generic statements of discontent for domestic audiences absent policy action. Washington and Jerusalem disagree on their visions of postwar Gaza. The administration sees the Palestinian Authority as the most viable partner for governance there. Israel can’t accept this, given the authority’s corruption, incompetence and unpopularity in Gaza and the West Bank. A Palestinian Authority-governed Gaza would relapse into Hamas-style radicali...
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The Chip Wars Are Metastasizing
27Dec By adminNo Comments
Money

The Chip Wars Are Metastasizing

It’s getting harder—both technically and financially—to make semiconductor chips smaller. The fight for chip tech supremacy has begun to migrate into a new area: how to package chips together to achieve better performance.The rise of artificial intelligence will further boost demand for advanced packaging technologies—and create openings for challengers such as China to compensate for weaknesses in other parts of the supply chain.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Israel Intensifies Offensive in Gaza Refugee Camps
27Dec By adminNo Comments
World

Israel Intensifies Offensive in Gaza Refugee Camps

Listen to article(2 minutes)TEL AVIV—Israeli forces intensified their ground offensive in refugee camps in the central Gaza Strip, as fighting continued to drive Palestinian civilians into shrinking and overcrowded areas in search of safety.Since the launch of its military operation in October, Israel has struck several refugee camps in Gaza as it seeks to eradicate Hamas, the U.S.-designated terrorist group that launched a bloody attack on Israel on Oct. 7. On Tuesday, Israel’s top general, Herzi Halevi, said “the war will continue for many more months,” given the complexity of uprooting Hamas.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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How China Manages Its Currency—and Why That Matters
27Dec By adminNo Comments
Money

How China Manages Its Currency—and Why That Matters

Updated Dec. 27, 2023 12:00 am ETChina’s approach to its currency is a mix of bold ambition and fear of dollar strength.The yuan has lost more than 3% of its value against the greenback this year and was doing even worse before the dollar slipped against most global currencies in November. The yuan traded around 16-year lows against the dollar in September. A dollar now buys around 7.15 yuan.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Iran Adds to Pressure on U.S. With Nuclear Program Acceleration
27Dec By adminNo Comments
World

Iran Adds to Pressure on U.S. With Nuclear Program Acceleration

Updated Dec. 26, 2023 6:06 pm ETIran has tripled production of nearly weapons-grade uranium in a move likely to deepen its confrontation with the West as Tehran helps allied militias to attack Israel and U.S. forces in the region. Iran’s decision to triple its production rate of near-weapons-grade uranium marks the collapse of quiet diplomatic efforts between Washington and Tehran to ease tensions. It comes amid a proliferation of flashpoints between the U.S. and Iran, whose proxies have repeatedly traded fire with U.S. forces in the Middle East since the bloody conflict between Israel and Hamas erupted on Oct. 7. U.S. and European navies are also shooting down drones launched by the Iran-backed Houthis in the Red Sea. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 879...
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China Imposes Sanctions on U.S. Data Firm
27Dec By adminNo Comments
World

China Imposes Sanctions on U.S. Data Firm

Updated Dec. 26, 2023 9:28 pm ETChina’s government hit back at U.S. criticism of its human-rights record on Tuesday by imposing sanctions on a Los Angeles firm and two analysts involved in scouring the country’s supply chain for abuses.Beijing said the actions under its Anti-Foreign Sanctions Law will be applied to Kharon, a research and data analytics firm, in response to its work monitoring Xinjiang, a far western region of China where the U.S. government, Western media and independent researchers have documented human-rights abuses against ethnic minorities, including primarily Muslim Uyghurs.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Ukraine’s Crimea Offensive – WSJ
27Dec By adminNo Comments
Business

Ukraine’s Crimea Offensive – WSJ

The current narrative about the war in Ukraine is that Russia has regained the offensive and is making gains in the east. But that’s not how it looked Tuesday on the bridge of the Novocherkassk, a Russian warship struck by Ukrainian cruise missiles.Online videos posted by Ukrainian authorities showed a large explosion on the amphibious landing ship. Russia’s defense ministry acknowledged a Ukrainian missile had “damaged” the Novocherkassk, in addition to killing one and wounding two, the state news agency Tass reported. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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