Reuters (December 23)
In 2024, “the global trade war will shift from fossil fuels to metals and raw materials. Russia’s invasion of Ukraine highlighted the risk of relying on autocratic states for energy. Even if Europe’s gas crisis eases, Western manufacturers’ focus will switch to reducing China’s dominance in materials key to a cleaner economy.”
Tags: 2024, Autocratic, China, Cleaner, Dominance, Energy, Europe, Fossil fuels, Gas crisis, Global, Invasion, Materials, Metals, Raw materials, Relying, Risk, Russia, Shift, Trade war, Ukraine
BBC (December 19)
“Once a poster boy for Japan’s dominance in electronics—known as Japan Inc—the company has delisted, ending a 74-year history with Tokyo’s stock exchange.” The reasons for “such a spectacular fall from grace” are numerous and the challenge for Japan Investment Corp (JIC), which led a group of investors in purchasing the remnants for $14 billion, is immense. While JIC has successfully revived other failing businesses, “Toshiba is a much bigger company and the stakes are high.”
Tags: $14 billion, Challenge, Delisted, Dominance, Electronics, Failing businesses, Fall, Japan Inc., JIC Investors, Revived, Stakes, Toshiba, TSE
Marketplace (August 31)
“After more than half a century in which the United States boasted a near-lock on being the world’s leading exporter of corn, the distinction has shifted to Brazil…. The reordering of the corn hierarchy follows a similar erosion of U.S. dominance in exports of other staple commodities, like wheat and soybeans, over the last decade or so.”
Tags: Brazil, Corn, Dominance, Erosion, Exporter, Exports, Hierarchy, Reordering, Soybeans, Staple commodities, U.S., Wheat, World’s leading
Washington Post (August 14)
“Even in a world where the United States’ military and diplomatic power seems to be in retreat, there is an element of the U.S.-led order that’s as strong as ever — our dominance of the global economy.” President Recep Tayyip Erdogan of Turkey “may think he can bluff his way through the Brunson crisis, but Turkish banks, construction companies and bondholders know better. In the still-global economy, going it alone really isn’t an option… This summer, as ever, we sink or swim together.”
Tags: Banks, Bondholders, Brunson, Construction, Crisis, Diplomatic, Dominance, Erdogan, Global economy, Military, Power, Retreat, Turkey, U.S.
The Economist (February 18)
We are approaching a tipping point. The automotive dominance of internal combustion engines (ICE) looks increasingly limited. Electric cars are “set for rapid forward thrust. Improving technology and tightening regulations on emissions from ICEs is about to propel electric vehicles (EVs) from a niche to the mainstream.” But the transition “from petrol power to volts will be a tough one for carmakers to navigate.”
Tags: Auto, Cars, Combustion, Dominance, Electric, Emissions, Engines, EVs, Mainstream, Regulation, Technology, Tipping point, Transition
Washington Post (September 27)
“The global marketplace may tell the larger story” about the presidential debate. “As the evening concluded, thanks to Clinton’s obvious dominance, as well as her assertion that a Clinton presidency would honor U.S. commitments abroad, the Asian markets recovered, the Mexico peso rallied, and Dow futures added 100 points.”
Tags: Asian markets, Clinton, Dominance, Dow futures, Global markets, Honor, Mexico, Peso, Presidential debate, Rally, U.S. commitments
Financial Times (September 23)
“US banks have achieved a clean sweep of the top five places in global investment banking for the first time in at least six years.” This highlights “the country’s dominance of investment banking since the financial crisis.”
Tags: Banks, Dominance, Financial Crisis, Investment banking, U.S.
