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Rivian Stakes Its Future on the R2 as Cheaper Chinese EVs Circle

NORMAL, June 10 -- Rivian began delivering its R2 sport utility vehicle on Tuesday, the make-or-break model the loss-making startup is counting on to reach the scale that finally turns an electric-car... Read More


China's Exports Surge 19% as Trump's Tariff War Backfires

BEIJING, June 10 -- The trade war was supposed to wall China off from its biggest customer. Instead, China just sold more to the United States than at any point in five years. The country's exports su... Read More


South Africa's Economy Turns a Corner as Fitch Ends 21-Year Wait

JOHANNESBURG, June 10 -- For the first time in more than two decades, the news out of South Africa's economy is the kind its government has waited a generation to deliver. Africa's most industrialised... Read More


China Finally Got Inflation, and It Is the Kind Nobody Wanted

New Delhi, June 10 -- For two years China's problem was that prices would not rise. The problem that arrived on Wednesday is that the wrong ones now do. Factory-gate prices jumped 3.9 percent in May f... Read More


Social Security Retirement Fund Will Run Dry in 2032, a Year Earlier

WASHINGTON, June 9 -- The fund that keeps tens of millions of older Americans out of poverty is now set to run empty a year sooner than the government said only twelve months ago. In their annual repo... Read More


US Must Refund $175 Billion in Trump Tariffs, and His Team Is Fighting It

WASHINGTON, June 9 -- Having lost at the Supreme Court, the administration that built its economic program on tariffs now has to hand back much of the money it collected under them, and it is fighting... Read More


North Korea's Economy Is Booming, Powered by Russia and China

SEOUL, June 9 -- The economy that decades of Western sanctions were designed to strangle is, by the best measures anyone has, in the middle of its strongest run in more than a decade. North Korea has ... Read More


Senate's Crypto Bill Has Five Corruption Holes. The Floor Vote Is the Last Chance to Close Them

New Delhi, June 9 -- The most consequential piece of crypto legislation in the world is one floor vote away from becoming American law. Before it gets there, it has five open wounds. not in some spec... Read More


IMF Warns Nigeria Over $5 Billion UAE Loan as Abuja Bypasses the West

ABUJA, June 9 -- When a developing country tries to raise money without passing through the West's front door, the West's institutions tend to notice. Nigeria is attempting exactly that, and the Inter... Read More


Taiwan Weighs Curbing AI Chip Exports to China to Align With the US

TAIPEI, June 9 -- The most important supply chain in the world runs through an island that China claims and the United States arms, and Washington wants Taipei to use it as a weapon. Taiwan is now con... Read More