United States

Japan signed a critical minerals deal with the U.S. — but it’s still losing the global EV race

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Sony Honda Mobility CEO Yasuhide Mizuno speaks at a news conference in Tokyo, on Oct. 13, 2022. Sony and Honda’s joint mobility venture unveiled a new EV prototype in January. Kiyoshi Ota | Bloomberg | Getty Images Japan is gearing up to be a larger player in the EV space by signing a critical minerals … Read more

Blinken to embark on a high-stakes trip to China

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U.S. Secretary of State Antony Blinken speaks at the American Israel Public Affairs Committee annual policy summit on June 5, 2023 in Washington, DC. Chip Somodevilla | Getty Images Secretary of State Antony Blinken is expected to travel to China in the coming weeks for talks, two U.S. officials told NBC News on Tuesday. The … Read more

The G-20 summit kicks off Tuesday. Here’s what to expect.

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World leaders are kicking off a meeting Tuesday on the holiday island of Bali, Indonesia as the global economy grapples with a looming recession, central banks’ jumbo rate hikes and historically high inflation. The annual meeting of leaders from the world’s major economies, known as the Group of 20 nations, is also taking place as … Read more

Electric car sales surged by 55% in 2022 to hit over 10 million: IEA

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Electric vehicles from Tesla photographed in China. The world’s second largest economy is a major player when it comes to the sale of electric vehicles. Vcg | Visual China Group | Getty Images Electric car sales jumped to more than 10 million last year, with China accounting for roughly 60% of the market, according to … Read more

Does being a digital nomad save money? It depends on where you go

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Sipping a cold pint of beer in Budapest can cost $2. Dinner for two in a pub in Prague? About $22. And a month’s rental for a sleek studio apartment in the center of the Portuguese city of Porto can set you back $650. With these sorts of living costs, it’s no surprise that many are … Read more

Indonesia says economy is more resilient to absorb inflation shocks

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Indonesia is taking steps to make its economy more resilient so it can withstand global shocks like inflation, especially from the United States, said Finance Minister Sri Mulyani Indrawati. As the world’s largest economy, what the U.S. does has strong implications worldwide, including Indonesia, said the minister. To fight inflation, the U.S. has hiked interest … Read more

Indonesia’s 2022 GDP growth races to a 9-year high on resource boom

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Indonesian rupiah notes. Adek Berry | AFP | Getty Images Indonesia’s economic growth climbed to its strongest in nine years last year fueled by revived spending from the lifting of pandemic restrictions and as a global commodity boom sent exports to a record high. Southeast Asia’s largest economy gained from high global commodities prices in … Read more