Torbjørn Færøvik's Blog, page 39

"This is worse than Covid. We could lose everything"

Two decades ago, Jinul Abedeen left his family and moved to India’s capital where he spent a year learning Zardozi, an ancient and intricate threadwork technique he hoped would equip him to support his family for decades to come.The gamble succeeded. He landed a job at Orient Craft, a major garment factory on the outskirts of New Delhi that supplies global brands like Gap, Ralph Lauren, and

China’s Xi rolls out the red carpet for Putin and Modi as Trump upends global relations

Autocrats, populists, friends and foes, a strongman waging a war in Europe and the leader of the world’s biggest democracy will all be hosted by Chinese leader Xi Jinping this weekend at a summit designed to showcase Beijing as a global leader capable of providing a counterweight to Western institutions.Heads of state and delegations from across Asia and the Middle East will meet from Sunday in

Appeals court strikes down many Trump tariffs, saying he overstepped his authority

A federal appeals court Friday struck down many of President Donald Trump’s historic tariffs, saying he unlawfully leaned on emergency powers to impose the import taxes. The International Emergency Economic Powers Act does not authorize tariffs like the ones Trump used the law for earlier this year, the Federal Circuit said in an unsigned opinion upholding a lower-court ruling against

US Prepares To Put Contentious Missile System on China's Doorstep

The United States will deploy its "Typhon" land-based missile system to Japan for the first time as part of an upcoming drill, demonstrating the alliance's capabilities amid China's military threat. In an emailed statement to Newsweek on Friday, the U.S. Army Pacific confirmed that the Typhon system, also known as the mid-range capability (MRC), would participate in exercise Resolute Dragon

Map Shows China Calling New 'Axis' Leaders to Beijing

China will host the leaders of Russia, Iran and North Korea at a World War II event next month in what will mark the first-ever gathering of the authoritarian CRINK bloc sometimes known as the "Axis of Upheaval." The September 3 gathering will see Chinese President Xi Jinping, Russian President Vladimir Putin, North Korean Supreme Leader Kim Jong Un and Iranian President Masoud Pezeshkian

Trump Administration Restricts Samsung Chipmaking in China

The United States is tightening restrictions on foreign chipmakers in China, revoking special authorizations that had allowed South Korea's Samsung and SK Hynix to access American semiconductor manufacturing equipment.The move ends exemptions the Commerce Department granted in 2022 when it imposed sweeping limits on U.S. technology sales to China. Without those authorizations, the companies will

White House Reacts to Report of 'Chinese Peacekeepers' in Post-War Ukraine

The Trump administration has denied any support for Chinese peacekeepers in a hypothetical demilitarized zone as proposed in peace talks with Ukraine and Russia as the three nations continue to seek a path towards resolving the ongoing war.The Financial Times first reported that President Donald Trumphas entertained Russian President Vladimir Putin's suggestion to invite China to supply

Xi, Putin, Modi won’t agree on anything important at SCO summit

The upcoming summit of the Shanghai Cooperation Organization (SCO) in Tianjin, China, from August 31 to September 1, will be the organization’s largest gathering of heads of state to date. It comes at a time when the existing liberal international order is rapidly disintegrating. But rather than offering a concrete new order, the SCO demonstrates the persistent difficulties that anti-liberal

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