John Ferguson, chief executive officer of TBM Consulting Group, discusses the importance of Taiwan to global semiconductor production, and tells how the supply chain would be impacted by China invading Taiwan.
The annual rate of inflation is still running well ahead of wage gains, but the Fed has argued that a tight labor market has led to inflation-fueling income gains.
Like other automakers, GM was buoyed by steady demand and a rebound in fourth-quarter production even as higher financing costs flash a warning sign for 2023.
The Philippines is seeking loans from Beijing for infrastructure projects and Marcos has called China the country’s strongest partner in pandemic recovery.