Major Australian Ports Reopen After Cyberattack Halts Operations

Updated Nov. 13, 2023 12:47 am ET|WSJ Pro SYDNEY—Some of Australia’s biggest ports restarted operations on Monday following a cyberattack that disrupted container traffic ahead of Christmas and highlighted vulnerabilities in the nation’s critical infrastructure. Dubai-based DP World shut down its terminals in Sydney, Melbourne, Brisbane and Fremantle after detecting suspicious activity on its systems … Read more

China’s Spending on Green Energy Is Causing a Global Glut

Listen to article (1 minute) China’s newest solar-energy manufacturers include a dairy farmer and a toy maker. The new entrants are examples of a green-energy spending binge in China that is fueling the country’s rapid build-out of renewable energy while also creating a glut of solar components that is rippling through the industry and stymying … Read more

Australia’s Inflation to Ebb More Slowly Than Expected, Acting RBA Chief Economist Says

SYDNEY—Inflation pressures across Australia’s economy are now expected to ease more gradually than thought just three months ago, said Marion Kohler, acting chief economist at the Reserve Bank of Australia. “Domestically sourced inflation, in particular, services price inflation, has been widespread and slow to decline,” she said in a speech to a conference of financial … Read more

China’s Middle East Clout Has Limits

For most of the past decade, China’s story in the Middle East has been straightforward: endlessly rising investment, trade and influence. Having brokered a return to diplomatic relations between Saudi Arabia and Iran earlier this year and given its strong economic relationship with Israel, China has also found itself in the spotlight as the conflict … Read more

What It Took to Get Biden and Xi to the Table

Listen to article (2 minutes) With only weeks to go to prepare for a possible summit with President Biden, Chinese officials floated a plan: If Xi Jinping agrees to meet, he first wants to sit down for a banquet with American business leaders. The White House said no. With a lengthy agenda of friction points … Read more

India, China Fight for Influence Over Tiny Archipelago Nation

Updated Nov. 11, 2023 12:12 am ET Listen to article (2 minutes) NEW DELHI—The fierce rivalry between India and China for influence in the Indian Ocean is on display in the tiny archipelago nation of Maldives, better known for its white sand beaches and crystal clear waters than as a strategic military outpost. The Maldives … Read more

As Chinese Tastes Change, Farmers Everywhere Rip Up and Replant

By Jon Emont and Trang Bui Updated Nov. 11, 2023 12:12 am ET Listen to article (2 minutes) EA YONG, Vietnam—In the verdant highlands of central Vietnam, warehouses the size of airplane hangars dominate small farming towns, bristling with mounds of tropical fruit. The bounty is destined for a colossal market: China.   Farmers are felling coffee trees … Read more

Hack at ICBC Targeted the Digital Underbelly of Financial Markets

Unit of Industrial and Commercial Bank of China remains unplugged for U.S. markets.

EQT Plans to Take Japan’s Benesse Private in Over $1 Billion Deal

Swedish investment company EQT plans to take Japanese education services provider Benesse Holdings private in a deal valued at more than $1 billion, by teaming up with the company’s founding family. EQT said Friday that one of its funds would spend 207.95 billion ($1.37 billion) to buy Benesse shares through an tender offer as part … Read more

Hamas Attack Gives South Korea ‘Wake-Up Call’ on Border Security

SEOUL—The Oct. 7 Hamas attack on Israel has revived a gut-wrenching question in South Korea: Could North Korea pull off a similar surprise assault? In recent weeks, Seoul officials have vowed to learn from the Hamas attack and promised to beef up their defenses. Washington and Seoul recently held joint exercises simulating a response to … Read more