Trump Says US To 'Substantially Reduce' Military Drills With S.Korea, Cites 'Very Good Relationship' With Kim

10 Enduring Lessons From Adam Smith Authored by Nikolai G. Wenzel via The Daily Economy, Adam Smith (1723-1790) is widely considered to be the father of modern economics. There were precursors, such as the School of Salamanca and the French Physiocrats, but Adam Smith's 1776 magnum opus, "An Inquiry Into the Nature and Causes of the Wealth of Nations," was the first comprehensive treatise. A statue of Adam Smith in Edinburgh, Scotland, in a file photo. Travel Telly/Shutterstock In this 250th anniversary year, much ink will be spilled - and with good reason...

EU Joins US-Led Pax Silica Alliance To Secure AI Supply Chains Authored by James Xu via The Epoch Times, The European Commission, Germany, Greece, and the Netherlands have joined the U.S.-led Pax Silica partnership, expanding a group focused on securing supply chains for artificial intelligence and other critical technologies. Semiconductor chips on a circuit board of a computer on Feb. 25, 2022. Florence Lo/Illustration/Reuters The announcement came at a summit in Washington on June 23 hosted by the U.S. State Department. The partnership aims to strengthen cooperation on semiconductors, critical minerals, energy, and...

EV Demand Surges Across Asia After Energy Shock Sends Consumers Into Panic Mode One of the biggest takeaways in global energy markets this week is the growing fragmentation. Brent crude in Asia has surged to over $150 a barrel, with demand destruction already emerging, and China and India facing the greatest pressure given their heavy reliance on Gulf crude. Meanwhile, the Trump administration has moved to release barrels from the Strategic Petroleum Reserve to help cap WTI prices below triple digits, with US crude currently trading around $94 a barrel. And...