World economy
Black box from crashed Boeing jet is on its way to Beijing for analysis, state media says
Zhu Tao, director of the aviation safety office at the Civil Aviation Administration of China, speaks during a press conference at a hotel in Wuzhou on March 23, 2022. Noel Celis | Afp | Getty Images BEIJING — Search and rescue teams have found a black box and human remains at the China Eastern Airlines […]
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Intel CEO says semiconductors are like oil — making more in U.S. can avoid global crises
Intel CEO Pat Gelsinger on Wednesday likened semiconductors to oil, suggesting that computer chips will play a central role in international relations in the decades ahead. “Oil reserves have defined geopolitics for the last five decades. Where the fabs [factories] are for a digital future is more important,” Gelsinger said in an interview on CNBC’s […]
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One of Putin’s top aides quits, reportedly in opposition to the Ukraine war
Russian President Vladimir Putin seen with Anatoly Chubais, who has reportedly quit as Russia’s climate envoy, in 2016. Mikhail Svetlov | Getty Images News | Getty Images A high-ranking and long-standing aide of Russian President Vladimir Putin has quit his role as Moscow’s climate envoy due to his opposition to Russia’s invasion of Ukraine. Earlier […]
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Omicron’s ‘stealth’ subvariant BA.2 could go ‘wild’ in Europe before going global, top epidemiologist says
Doctor Immanuel Hardtmann holds a syringe with the vaccine Moderna in a temporary vaccination center inside the Excursion boat Alexander von Humboldt on the first day of the #HierWirdGeimpft (Get Vaccinated Here) Covid-19 vaccination campaign on September 13, 2021 in Berlin, Germany. Carsten Koall | Getty Images News | Getty Images LONDON — While war […]
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China Boeing 737 plane crash: No survivors found; search for black box continues
Rescuers head to the site of a plane crash in Tengxian county, Wuzhou city, in China’s southern Guangxi region on March 22, 2022. Str | Afp | Getty Images BEIJING — Rescue workers haven’t found any survivors from this week’s China Eastern Airlines crash and the hunt for the black box continues, authorities said late […]
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Fertilizer prices are at record highs. Here’s what that means for the global economy
Workers spray fertilizer in a sugar cane field in Zacatepec de Hidalgo, in Morelos state, Mexico, May 31, 2017. Picture taken May 31, 2017. Edgard Garrido | Reuters LONDON — Supply shortages fueled by the Ukraine-Russia conflict, along with a host of pre-existing factors, have driven fertilizer prices to record highs. Prices for raw materials […]
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Putin’s Russia looks increasingly desperate as Ukraine war nears stalemate, analysts say
Ukraine soldiers inspect the rubble of a destroyed apartment building in Kyiv on March 15, 2022, after strikes on residential areas killed at least two people, Ukraine emergency services said. Fadel Senna | Afp | Getty Images With Russia’s invasion of Ukraine now approaching its fourth week, President Vladimir Putin’s forces have exerted brutal force […]
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China is managing its Covid outbreak one new local crisis at a time
A worker wearing personal protective equipment disinfects a truck entering JD.com’s logistics park in Shanghai, China, on Wednesday, March 9, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — As some parts of China reopen, others are imposing new Covid-related restrictions, reflecting the challenge government officials face in controlling the worst outbreak since early […]
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The ‘Great Resignation’ has gone global – and it’s shaking up the labor market for good
Millions of workers worldwide have quit their jobs without something else lined up. So, what is the Big Quit, and how will it change our workforce? Chloe Loh, like many other workers across the world, epitomizes the “Great Resignation.” “I left my job in December,” Loh told CNBC. “I was looking for a role that […]
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Saudi Aramco’s full-year profit more than doubles on soaring oil prices
An employee looks on at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion. Aramco’s 2021 net income increased by 124% to $110 billion in 2021, […]
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