Korean Officials Are "Paying Close Attention" As Foreign Outflows Trigger Bond/Won Collapse

Vice President JD Vance said that the war against Iran has resulted in Gulf Arab states seeking deeper ties with Tehran.  “Because of the conversations they’re having with the Iranians. The Emiratis — by far the most hawkish, by far the most pro-Israel country in the [Gulf Cooperation Council] — they’re having conversations with the […]

BMW Job Cuts And The Emerging German-French Industrial Strategy Submitted by Thomas Kolbe Will German policy paralysis and French protectionism save Germany’s automakers? Unlikely, since Paris and Berlin are pursuing similar ideological goals. Everything points toward the expansion of a green state-run economy. On that, there is agreement. The concerns of private enterprise are secondary. Given the dramatic situation, automakers would probably take even the most hopeless escape route in an attempt to escape the downward spiral. This has now also caught up with the previously remarkably resilient BMW Group: Just last...