Consumers Feel Pinch at Pump as Russia Drives Oil Refining Boom
The Valero Houston refinery. Valero Energy Corp. and Turkiye Petrol Rafinerileri AS have seen stellar rises, while Orlen…
Malaysian economy’s hot run continues despite Trump’s tariff squeeze – South China Morning Post
Malaysian economy’s hot run continues despite Trump’s tariff squeeze South China Morning PostMalaysia’s Q3 GDP growth picks up to…
China’s Economy Stumbles After Unprecedented Slump in Investment
(Bloomberg) — China’s economic activity cooled more than expected at the start of the fourth quarter, with an…
Tencent Posts 15% Revenue Jump, Sustaining Growth Without Splashy AI Bets
Signage for Tencent Holdings Ltd. at the company’s headquarters building in Shenzhen. Photographer: Qilai Shen/Bloomberg (Bloomberg) — Tencent…
Big Tech’s Climate Strategists Feeling Strain of AI Power Needs
(Bloomberg) — Weeks after ChatGPT was unleashed on the world in November 2022, sustainability executives at Microsoft Corp. realized…
Alibaba Preps Big Revamp of Flagship AI App to Rival ChatGPT
(Bloomberg) — Alibaba Group Holding Ltd. is preparing an overhaul of its main mobile AI app in coming…
Cisco Shares Surge After AI-Fueled Outlook Exceeds Estimates
Cisco Systems Inc. said revenue will be $15 billion to $15.2 billion in the quarter that runs through…
China Deploys ‘Big Data’ in Crackdown on Overseas Trading Income
(Bloomberg) — Chinese authorities stepped up efforts to collect taxes from citizens with overseas investment income as part…
Bessent Deflects Inflation Concerns, Sees Better Times in 2026
US Treasury Secretary Scott Bessent (Bloomberg) — US Treasury Secretary Scott Bessent deflected concerns about high costs under…
Switzerland Moves Close to Securing Improved 15% Tariff Deal
Switzerland’s parliament building in Bern. (Bloomberg) — Switzerland is close to securing a 15% tariff on its exports…
Inflation Flip Gives Emerging Markets Edge Over Rich Nations
Gains in some markets, including Hungary, Brazil and Egypt are topping 20%. (Bloomberg) — A rare turn in…
China’s Deflationary Spiral Hurts Economy Harder Than Official Numbers Suggest
Bloomberg analysis shows deflation on the ground feels more pronounced than official data show, with prices of everyday…