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...Add into this still-discordant mix the fact that so much of what would constitute smart industrial policy — such as educational reform — is done at the state level, meaning it is inherently balkanised and...
...Brown sent the Horizon report to Biden, and his position was backed by two other industrial state senators — Ohio Republican JD Vance and Pennsylvania Democrat Bob Casey — in comments to the FT....
...He previously worked for more than a decade with State Street Global Advisors. Global X, owned by Seoul-based Mirae Asset, has 91 funds and ranks in the top 14 US managers of ETFs by assets....
...The company’s products have been banned by some western countries on national security grounds....
...Johansson’s comments come as EU member states debate proposals from Brussels for the bloc’s first-ever defence industrial strategy....
...Larger companies also get more state subsidies, despite having lower rates of innovation....
...EPRI, an energy research organisation, appointed Vince Sorgi, chief executive of PPL Corporation, as chair of the board....
...CETC claims to be China’s only domestic military-industrial group that serves all branches of the military, including those operating in space....
...United States Steel Corporation, for example, has said it will use generative AI software from Google to guide its workers through truck repairs and ordering parts....
...Mazzocco, the CSIS analyst who has studied Chinese industrial subsidies, points out that while BYD has received “a lot of state support”, western officials will need to try to “disentangle” what is unfair...
...But it also remains the world’s biggest carmaker by sales and is raking in record profits while taking advantage of renewed demand for its existing products, such as hybrids....
...Chinese producers are often integrated with industrial activities or receive state-backed financing, enabling them to power ahead even in commodity downturns....
...Tesla now states it is “accelerating” plans, though as with the Cybertruck it’s easy to mistake the accelerator for the brakes....
...State-owned Comac was established jointly with companies including Shanghai-listed Aluminum Corporation of China, China Baowu Steel Group and Sinochem Corporation....
...But awkwardly, the commission has also signed off on spending EU funds to buy those products for use by national customs authorities. The company’s products are ubiquitous across Europe....
...“It was the product of a radically decentralised and lightly governed collective invention among a large number of private and state actors, none of whom planned or foresaw the outcome of their joint activities...
...“Germany is certainly going green, but the question is how fast,” the report states....
...It also accounts for 16 per cent of total state spending and is equivalent to 6 per cent of Russia’s gross domestic product....
...Gross domestic product increased 5.2 per cent in 2023....
...BHP in 2001 merged with South African miner Billiton and a South African state-owned entity, Public Investment Corporation, is Anglo’s biggest shareholder....
...China’s state-owned giants, China National Nuclear Corporation and China General Nuclear Power Group, are also expanding rapidly....
...The latest moves could have an impact on Taiwan’s biggest petrochemical companies, including Formosa Plastics, which has a market value of $16.2bn, and state-owned CPC Corporation....
...for large corporations thanks in part to a transparent corporate law regime, years of legal precedent and a community of lawyers....
...California has successfully banned the sale of so-called unethical pork, even from other US states, on animal welfare grounds. But the EU will be leading it into standard practice — if it chooses to....
...A takeover bid from Germany’s Merck prompted JSR, a Japanese chip materials maker, to seek a buyout from a state-backed fund, in a deal that has sparked investor scrutiny on rising government intervention...
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