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TANGIERS, Morocco (AP) — After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco.
TOKYO -- The yen surged against the dollar overnight after the release of softer-than-expected U.S. inflation data, sparking speculation the Japanese government and the Bank of Japan intervened to prop up the weak yen.
The current geopolitical trend is actually a different one that goes against the narrative of US decline. If the international system is experiencing a rapid transformation, this is because “de-Sinicisation” of world trade is accelerating.
Asia-Pacific markets were largely lower on Friday, with Japan's Nikkei 225 paring gains after crossing the 41,000 mark and hitting fresh record highs.
TOKYO -- Japanese trading group Itochu said Tuesday that it has invested in ZeroAvia, a California-based manufacturer of hydrogen-electric engines for aircraft.
BENGALURU -- U.S. short seller Hindenburg Research has hit back at claims by India's market regulator that it engaged in improper trading and "deliberately sensationalized and distorted certain facts" when it bet against Adani Group last year.
Watch Daily: Monday - Friday, 3 PM ET
LONDON — The incoming U.K. government will confront a complex international landscape after Britons head to the polls on July 4.