Economy

China’s Big Comeback Is Just Getting Started.  How to Play It.

China’s Big Comeback Is Just Getting Started. How to Play It.

Talk about a comeback. As China abandons policies that stifled economic growth for three years, its stocks have staged an extraordinary rally—up more than 50% since October. This could be just the beginning. Money managers say a broad range of stocks could keep climbing throughout this year. The catalyst is clear: Policy makers in the …

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Sanctions move China to replace chips supply chain – Asia Times

Sanctions move China to replace chips supply chain – Asia Times

The chief executive officer of ASML, the overwhelmingly dominant supplier of lithography equipment to the semiconductor industry, says that China will eventually learn how to make the semiconductor production equipment it cannot import due to sanctions imposed by the US. In an interview with Bloomberg News published on January 25, Peter Wennink said, “If they …

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Norway Could Limit Electricity Exports To Avoid Shortages

Norway Could Limit Electricity Exports To Avoid Shortages

norway announced on Friday measures to ensure its security of power supply and could limit some electricity exports to neighboring countries if there is a risk of shortages at home, the government said. The government plans to introduce a mechanism under which electricity producers from hydropower – the most common power-generating source in Norway – …

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German Crude Oil Imports Rose 11% in 2022 As Crude Import Bill Doubles

Germany saw an increase in crude oil import volumes of 11.1% during the first ten months of last year, new BAFA data showed on Friday, cited by Reuters. But the bill for that volume nearly doubled compared to the year prior at $55.98 billion. Throughout 2022, Germany continued to lean heavily on Russia for crude …

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Canadians are cutting back on driving as inflation bites

The continuously high inflation Canada has been experiencing in the past two years has many Canadians reconsidering the way they get around. A BNN Bloomberg and RATESDOTCA survey found that many Canadians are driving less, or even asking employers for more work from home days, in an effort to reduce transportation costs. The survey, which …

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Gladu ‘concerned’ about Liberal party’s ‘just transition’

By Colin Gowdy January 27, 2023 11:33am Sarnia-Lambton’s MP believes the federal government’s ‘just transition’ bill could put her riding at a disadvantage. Marilyn Gladu raised concerns about the incoming legislation, aimed at transitioning oil and gas workers into the “green” economy, during a roundtable discussion with Natural Resources Minister Jonathan Wilkinson in Sarnia this …

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Leamington’s Lakeside Produce files for bankruptcy

A large greenhouse grower in Leamington has filed for bankruptcy. Several online publications, including “The Packer” say Lakeside Produce owes $188-million to 300 creditors. That includes a fellow Leamington business Nature Fresh Farms which is owed $907-thousand dollars. In 2021, Lakeside Produce was one of several food processors to split $4.2-million in federal funding to …

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US senators urge White House to take action on Canada’s dairy quotas, tech laws – National

Two US senators are calling on the Biden administration to get tough with Canada and Mexico over what they describe as the two countries “flouting” their obligations under North America’s three-year-old trade agreement. Democrat Sen. Ron Wyden of Oregon and Republican Sen. Mike Crapo, respectively the chairman and ranking member on the Senate finance committee, …

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