world
Supply chain diversification away from China is progressing from talks to action, EU chamber says
European Union Chamber of Commerce President Jens Eskelund expects more efforts to reduce reliance on China’s supply chain. Source link
Amazon pledges a massive $35 billion worth of investments in India’s AI space through 2030
Amazon has committed to investing $$35 billion in India’s cloud and AI space by 2030, as hyperscalers race to get a foothold in the market. Source link
U.S.-Indonesia trade deal is in danger of falling apart, FT reports
Washington believes Indonesia is ‘backsliding’ on removing non-tariff barriers to U.S. industrial and agricultural exports, among other things, FT reported. Source link
China consumer inflation hits near two-year high despite deeper-than-expected producer deflation
Economists warned that deflationary pressure on the world’s second largest economy will persist into next year, calling for fresh policy stimulus to spur demand. Source link
Microsoft to invest $17.5 billion in India's AI infra as Big Tech queues up for the Asian market
Microsoft has pledged $17.5 billion in investment in India’s cloud and AI infrastructure, as major tech players commit to the growing market. Source link
CNBC Daily Open: A 'hawkish cut' by the Fed could dull festivities
The “dot plot,” Chair Jerome Powell’s press conference and estimates for U.S. economic growth and inflation are ways the Fed can rein in sentiment. Source link
Asia-Pacific markets set for mixed trading as investors await China inflation data, Fed decision
Asia-Pacific markets were set to trade mixed on Wednesday as investors await inflation data coming out of China later in the day, as well as the Fed decision. Source link
Trump trade rep changes China soybean purchase timeline, cites 'discrepancy'
China for months earlier this year had boycotted purchasing soybeans from U.S. farms because of a trade war began by President Donald Trump. Source link
Hassett likely next Fed chair, but most think Trump should nominate someone else, CNBC Fed survey shows
The December survey shows 84% believe President Trump will tap Hassett, director of the National Economic Council, to head the central bank. Source link
OpenAI hires Slack CEO Denise Dresser to lead global revenue strategy
Dresser was named Slack’s chief executive in 2023 after spending more than a decade at Salesforce. Source link