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BEIJING: China's number two leader warned on Monday (Dec 9) that "deglobalisation" was putting further strain on the world economy, as he welcomed the heads of multilateral financial institutions to Beijing.
Companies are rethinking their supply chains as the global economy becomes less connected – a process that will carry on despite the upcoming change of government in the United States, says a senior banker.
GLOBALISATION has both positive and negative effects on global growth, poverty reduction and employment opportunities.
One of the major concerns facing Brunei's post-pandemic economic recovery efforts is the potential deglobalization of the world, Mohd Amin Liew, the country's minister at the Prime Minister's Office has announced.
Glabalisation may have peaked, but the resilience of world trade in the face of mounting headwinds means a reversal of the past three decades is not inevitable.
BERLIN (Reuters) - Germany's energy supply for this winter is secure, Chancellor Olaf Scholz said on Wednesday, adding that the ability of Europe's largest economy to swiftly wean itself off Russian gas has shown how flexible and speedy it can be.
China will encourage domestic exploration of iron ore and use more scrap metals to reduce reliance on imports from countries like Australia, while streamlining production quotas for rare earth and tungsten, according to the government.
CURRENT global economic environment clearly points towards a more downside risk following slower growth and trade environment.
PHNOM PENH: The unilateral and controversial measures of the United States have created chaos and uncertainty around the world.
KUALA LUMPUR: Malaysia needs tax reforms to raise additional revenues for reducing inequality, according to the World Bank.
KUALA LUMPUR: Putrajaya will continue to take a strong stance in promoting a rules-based world order, says Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Aziz.
KUALA LUMPUR: The positive experience of South-East Asian countries under the Asean regional grouping over the past five decades can serve as an example of how economic blocs like BRICS can work, says Tengku Datuk Seri Zafrul Tengku Abdul Aziz (pic).
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Monday (Dec 9, 2024)
South-East Asia has emerged as one of the world's fastest-growing regions, say top economic experts.
Beijing: Chinese carmakers and auto-parts manufacturers are increasingly diversifying their overseas production bases to meet growing global demand and address heightened supply-chain security concerns, with Central European countries and Mexico becoming hot spots, experts and business executives say.
Quality assurance, political values, human ties and ‘stubbornness’ among reasons they stay home to shop
With concerns growing over the global impact of US President- elect Donald Trump’s trade tariffs and other protectionist measures, it pays to take a step back and wait.
MALAYSIA has committed to steering Asean towards inclusivity and sustainability after it assumes chairmanship of the regional grouping on Jan 1 next year.
Both White House candidates would attempt to contain China’s advanced manufacturing, but the country’s industrial ascent appears undeniable
NEW YORK: United States multinational companies know that deglobalisation of supply chains and de-coupling from China will affect their production capabilities in the US and their competition with Chinese firms in the long term, according to the Harvard Business Review.
