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Gulf wealth funds pivot to China
Gulf sovereign funds plan USD 1-2 tn investment in China by 2030
M&A boom for big pharma
Pharma firms spent USD 85 bn on acquisitions in 5M 2023
Riyadh, Beijing cement ties with USD 10 bn in mutual investment
The 30+ agreements span renewables, tech, agriculture, and more
Turkey is moving to a flexible exchange rate as gov’t adopts ‘rational’ economic policies
The currency fell more than 7% yesterday
Fed officials suggest they could pause rate hikes this month
The central bank will hold its next policy meeting on 13-14 June
China has big plans for Central Asia
The summit came at the same time as G7 leaders were calling for action against Beijing’s “economic coercion”
Is Japan taking over China’s position as the semiconductor hegemon? Plus: BNPL is now critical to keep up with inflation
China is being pulled away from the center of global chip supply
China plays PacMan with EV market share + Is Messi following CR7 to KSA?
Chinese-manufactured electric vehicles are proving more competitive — and appealing — than competitors
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