Global law firm Dentons splits off its China unit, Russia freezes Goldman Sachs's assets, and supply chain costs are dropping—but they likely won't return to pre-Covid, pre-war levels. Plus: TSMC will build factory in Germany.
China is positioning to squeeze international incumbents out of their markets – by leveraging their technology. Corporate leadership should be held accountable for a business model of self-destruction; footprints in and partnerships with China in strategic sectors should be treated as a liability.
Inflation is up and FedEx is down: US economic indicators have alarm bells ringing – while Latin America faces triple digit inflation and energy crisis pushes Europe to full-on intervention. Plus: Tesla walks the US-China tightrope; coal prices soar while oil production drops, and a decision point nears for metals markets.