By W.G. Dunlop US Defense Secretary Lloyd Austin spoke with his Chinese counterpart Dong Jun via video teleconference Tuesday, in the first substantive talks between the superpowers’ defense chiefs in nearly 18 months. The United States has been working to strengthen defense cooperation with its allies in the Asia-Pacific region to counter China’s growing influence […]
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Asian stocks faltered after Wall Street's tech slump, while oil prices surged due to Middle East tensions. China's Q1 GDP soared at 5.3 per cent, yet March's new home prices plummeted. Additionally, the yen hit its lowest level since 1990. Eyes are now on the UK employment data and Fed Chair Powell's speech.
A little under 3.6 million babies were born in 2023, according to provisional statistics released Thursday by the Centers for Disease Control and Prevention. That's about 76,000 fewer than the year before and the lowest one-year tally since 1979.
BEIJING/FRANKFURT (Reuters) -Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against Chinese EVs. The price cuts come after Tesla, led by its billionaire CEO Elon Musk, reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years. "Tesla prices must...
By Laurie Chen QINGDAO, China, April 21 (Reuters) – The Chinese Navy on Sunday kicked off a biennial meeting of top foreign naval officials in the port city of Qingdao, in a
GUANGZHOU, China, April 17 (Reuters) – China and Europe face a “slow motion train accident” as a rising tide of protectionism threatens to become a full trade war, the head of a European business lobby group
An SEC filing made by Take-Two reveals that it expects the cost-cutting efforts, which it calls "rationalizing its pipeline" and "streamlining its organizational structure," to incur costs of up to $200 million, including $35 million from employee-related costs and $140 million from canceled projects. There are also $15 million toRead Entire Article
‘Bidenomics’ and Xi’s common prosperity share strikingly similar beliefs but because both economies are trade-linked and seek tech advancement, conflict becomes inevitable.
China has drastically cut its direct shipments of equipment to Russia, including machinery, components, and electrical gear, in response to threats of new sanctions from Western countries, reports the Russian news agency RBC. According to information from Chinese customs, in March this year, China's exports of these categories of goods to Russia plummeted by 15% compared with the same period last year, amounting to $2.9 billion. China's total exports to Russia also declined by 14.2%...
New home construction in the US slowed last month as a leveling off in interest rates has given way to a lull in housing demand and caution among builders.
Two senior American officials said on Friday that the country is in the process of deploying more forces to the Middle East to prepare for a potential Iranian attack on Israel or the West. These two senior American officials have expressed concerns about the possibility of an Iranian attack on US bases in Iraq and […]