Torbjørn Færøvik's Blog, page 24

China’s EV takeover driving global supply chain revolution

Investors are paying attention because this is no longer a domestic industrial story but rather marks a fundamental realignment of the world’s automotive and energy supply chains, with profound implications for capital markets. A decade ago, Chinese automakers were dismissed as imitators lacking sophistication. Today, they are the industry’s pacesetters. BYD has eclipsed Tesla in global EV

Two Giants: China and India Shaping the Global Economy

China and India have emerged as influential players in a highly transformed global economic landscape. While China’s economic importance is well established, India’s growing prominence is increasingly capturing global attention. Their substantial share of the world’s population and economic output positions them as key drivers of global growth.Beyond global economic importance, China and India

On India-Japan table: Security to economy, energy to digital ties

As Prime Minister Narendra Modi heads to Japan on August 29-30, the two sides are expected to upgrade the 2008 Joint Declaration on Security Cooperation, launch an economic security initiative on semiconductors, Artificial Intelligence and critical minerals, and increase the investments’ target to 7-10 trillion Yen, The Indian Express has learnt.Modi and his Japanese counterpart, Shigeru Ishiba,

Look forward to meeting Xi, Putin, says PM Modi, flags shared challenges

Setting out on a two-nation visit that is being keenly tracked, Prime Minister Narendra Modi said Thursday that he will be meeting Chinese President Xi Jinping and Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organisation summit which is being held in Tianjin near Beijing from August 31 to September 1.Modi, who left New Delhi for Tokyo Thursday night, will travel

Modi Tells Country to Buy Indian in Face of Trump's Tariffs

Prime Minister Narendra Modi has urged Indians to opt for homegrown products as the coutry's industries come under threat from U.S. President Donald Trump's steep tariffs. During a speech on Monday, translated by Indian news outlet Firstpost, Modi encouraged citizens to adopt the "mantra" that whatever they purchase must be "made in India.""I appeal to the citizens of our country to

Damaged Chinese ship now under repair, satellite images show

The Chinese coast guard ship that was damaged in a collision with another Chinese vessel in the South China Sea earlier this month is now being repaired at Hainan Island, according to satellite images published by Reuters. The news agency reported Wednesday that images show the vessel with a crushed bow near a dry dock at the Yulin naval base near Sanya, a city on Hainan.The Philippine navy

Russian and Chinese submarines conduct first-ever joint patrol in Pacific

Russia and China have conducted their first-ever joint submarine patrol in the Pacific, according to reports in state-run media.The patrol by diesel-electric submarines began in early August, and the Russian sub involved, the Volkhov, covered around 2,000 miles during its voyage from its Vladivostok base, according to a statement from the Russian Pacific Fleet. The subs patrolled in the Sea

Kim Jong Un and Putin top Xi’s guest list for China’s huge military parade

North Korean leader Kim Jong Un and Russian President Vladimir Putin will be among more than two dozen foreign leaders to attend China’s massive military parade next week, the Chinese Foreign Ministry announced Thursday.The parade, to be held in Beijing’s Tiananmen Square on September 3, is part of China’s commemorations to mark the 80th anniversary of the end of World War II following Japan’s

China Responds to Trump Nuclear Weapons Push

China dismissed President Donald Trump's push for Beijing to join nuclear disarmament talks with the U.S. and Russia, calling it "neither reasonable nor realistic" and noting that its arsenal is much smaller than the other two powers'.Trump had said at the White House during a meeting with South Korean President Lee Jae Myung that he is pursuing denuclearization with Russia and China, noting that

Why Trump's Quest for North Korea Deal Is More Urgent Than Ever

President Donald Trump's recent summit with South Korean counterpart Lee Jae Myung set the stage for a shared effort to rekindle peace talks with North Korea following a failed effort during the U.S. leader's first administration.But the situation has grown far more complex since Trump last teamed with a progressive South Korean president to foster negotiations with North Korean Supreme Leader