ReportWire

Tag: Emerging Market Countries

  • Opinion | End U.S. Energy Dependence

    The Trump administration’s renewed focus on securing critical minerals highlights an urgent truth, reinforced in “China Aims to Keep U.S. Military From Obtaining Its Rare Earths” (U.S. News, Nov. 12): America’s energy future depends on what we build and where we build it.

    For too long, we have relied on foreign sources for the rare-earth elements and advanced materials that power everything from electric grids and defense systems to the data centers fueling artificial intelligence. Even with the rare-earths deal Mr. Trump struck with China last month, more action is required to diversify supplies and strengthen domestic production as an essential step toward energy security.

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  • Swiss Watch Exports Continue on Downward Trend in U.S. Tariff Fallout

    Exports of Swiss watches remained on a declining trend in October, driven by a sharp decrease in the U.S. as tariffs continue to take a toll.

    Total exports of Swiss timepieces dropped 4.4% in October compared with the same period last year to 2.24 billion Swiss francs ($2.78 billion), according to data published Thursday by the Federation of the Swiss Watch Industry, or FH.

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    Andrea Figueras

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  • Netherlands Hands Back Control of Chip Maker Nexperia to Chinese Owner

    The Dutch government handed back control of semiconductor manufacturer Nexperia to its Chinese owner, moving toward resolving a spat that had blocked vital chip supply to the auto industry.

    Dutch economic-affairs minister Vincent Karremans said Wednesday that the decision had been made in consultation with the Netherlands’ European and international partners and followed recent meetings with Chinese authorities.

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    Adrià Calatayud

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  • Opinion | The Art of a Deal With Saudi Arabia

    Trump says he’ll sell the F-35 fighter jets and more. What is MBS willing to give?

    The Editorial Board

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  • Trump and Saudi Crown Prince Begin Visit Packed With Deals

    WASHINGTON—President Trump on Tuesday welcomed Saudi Crown Prince Mohammed bin Salman back to the White House for the first time since 2018, kicking off a two-day engagement to announce economic and defense deals.

    MBS, as the royal is commonly known, was greeted by Trump at the South Portico flanked by senior Saudi and U.S. officials. American troops rode horses and carried the flags of both nations before drums rolled and trumpets blared as the crown prince’s limousine rolled up to where Trump awaited with an outstretched hand. They stood to watch a formation of six jet fighters, three F-35s and three F-15s, before going inside to start their meetings.

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    [ad_2] Alexander Ward
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  • A Drug Kingpin Who Faked His Own Death and Fled Justice Runs Out of Luck

    Wilmer Chavarria was living the good life after faking his own death.

    For four years, the Ecuadorean drug boss allied with Mexico’s Jalisco cartel moved among Dubai, Morocco and Spain, allegedly overseeing his drug empire and hit jobs back home—all while staying at the most exclusive hotels, Ecuador’s government said. To avoid detection, he underwent seven surgeries to alter his appearance and changed his name to Danilo Fernández.

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    Ryan Dubé

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  • Trump Says U.S. Intends to Sell F-35 Jet Fighters to Saudi Arabia

    The announcement underscored the rehabilitation of Saudi Crown Prince Mohammed bin Salman ahead of a White House meeting Tuesday with the president.

    Michael R. Gordon

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  • New Nuclear Arms Race Pits U.S. Against Both Russia and China

    The new nuclear race has begun. But unlike during the Cold War, the U.S. must prepare for two peer rivals rather than one—at a time when it has lost its clear industrial and economic edge.

    China, which long possessed just a small nuclear force, is catching up fast, while Russia is developing a variety of new-generation systems aimed at American cities.

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    Yaroslav Trofimov

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  • A New Rare-Earths Plant in Europe Shows How Tough Breaking China’s Grip Will Be

    Europe is trying to get itself on the global rare-earths map, and a new facility on Russia’s border is its opening bid.

    The city of Narva in Estonia, once a textiles hub for the Russian Empire, is now host to Europe’s biggest production plant for the kinds of rare-earth magnets needed in electric cars and wind turbines. It is part of Europe’s push to secure a foothold in a global supply chain dominated at every step by China. Built by Canada’s Neo Performance Materials and financed in part by the European Union, the factory is expected to begin commercial deliveries to companies including the German car-parts supplier Robert Bosch next year.

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    Kim Mackrael

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  • China Tells Citizens to Avoid Japan as Taiwan Spat Deepens

    Beijing is furious with the Japanese prime minister after she said Japan would defend itself if China moved to seize the island.

    Jason Douglas

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  • How American and Chinese Drone Arsenals Stack Up

    The U.S. is falling behind China in one of the defining technologies of the modern battlefield.

    Drones have proven indispensable in conflicts like Ukraine, where troops rely on them to destroy tanks, lay mines, evacuate wounded fighters, and deliver food and medication. Advances in artificial intelligence increasingly allow unmanned systems to operate with minimal human direction, such as tracking and attacking targets on their own.

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    Jason French

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  • China Registers Worst Investment Decline in Years as Slowdown Continues

    SHANGHAI—Signs of weakness in China’s economy stretched into October, with one measure of investment notching the sharpest slowdown in years.

    The numbers

    Momentum in retail sales and industrial production slowed, while investment and the property market continued to struggle, according to data released Friday by China’s National Bureau of Statistics.

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    Hannah Miao

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  • China’s Economic Growth Momentum Slowed in October

    China’s economic growth momentum slowed in October, weighed down by a high base from the previous year when Beijing rolled out stimulus measures to support a cooling economy, according to official data released on Friday.

    Industrial production rose 4.9% in October compared to a year earlier, a decline from the 6.5% increase in September, the National Bureau of Statistics said.

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  • Pakistan Points Finger at India Over Suicide Blast

    Pakistan blamed India-backed militants for a suicide bombing that killed 12 people in Islamabad on Tuesday, raising the prospect of renewed tensions between the nuclear-armed rivals, as India’s prime minister vowed to hunt down the perpetrators of a car explosion in New Delhi the day before.

    A blast on Monday near a metro station by New Delhi’s historic Red Fort set several nearby cars on fire, killed eight and injured at least 20 others, Indian police said. The car had three or four passengers, all of whom died in the explosion, said police, who haven’t determined the cause of the blast.

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    [ad_2] Shan Li
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  • Alaska’s New Mining Rush Chases Something More Coveted Than Gold

    ESTER, Alaska—At a mining site here, Rod Blakestad cracked open a shiny rock with his pick. He found quartz, a sign that the rock may contain gold.

    But Blakestad, a veteran gold hunter, tossed the rock aside. He and his team of geologists were searching for something even more sought-after: antimony, an obscure element widely used in the defense industry that is now at the center of the bitter U.S.-China trade fight.

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    Jon Emont

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  • Chips Held Hostage in Trade War Start Flowing Again to Auto Suppliers

    Nexperia microchips are leaving China again, easing a shortage of simple but ubiquitous parts that threatened to paralyze the auto industry.

    German automotive supplier Aumovio, which was recently spun out of tire giant Continental, said Friday that the Sino-Dutch company’s semiconductors and components containing them were on their way from China to Aumovio’s distribution hub in Hungary.

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    Stephen Wilmot

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  • China’s Bid for Tech Prowess to Keep Lid on Consumption Boost

    China’s leaders have again pledged to give consumption a bigger role in driving growth, but economists remain unconvinced.

    The emphasis given to technological self-sufficiency and advanced manufacturing has raised doubt over how high consumption is on policymakers’ To Do list.

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  • New Aircraft Carrier Advances China’s Naval Power

    Leader Xi Jinping marked a step in his mission to modernize the nation’s military.

    Chun Han Wong

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  • China’s Exports Unexpectedly Contract

    Exports contracted in October from a year earlier, dragged by a high base of comparison and cooling overseas demand after months of front-loading.

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  • How China’s Chokehold on Drugs, Chips and More Threatens the U.S.

    BEIJING—China has demonstrated it can weaponize its control over global supply chains by constricting the flow of critical rare-earth minerals. President Trump went to the negotiating table when the lack of Chinese materials threatened American production, and he reached a truce last week with Chinese leader Xi Jinping that both sides say will ease the flow of rare earths.

    But Beijing’s tools go beyond these critical minerals. Three other industries where China has a chokehold—lithium-ion batteries, mature chips and pharmaceutical ingredients—give an idea of what the U.S. would need to do to free itself fully from vulnerability. 

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    Yoko Kubota

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