The $31.4 trillion debt ceiling will be suspended until Jan. 1, 2025 thanks to a budget deal that U.S. President Joe Biden reached with House Speaker Kevin McCarthy on Sunday. Biden declared the accord to be ready for a vote… Read More ›
Month: May 2023
MediaTek Agrees To Utilise New Smartphone Technology That Arm Released
New mobile chip technology was unveiled by Arm Ltd. on Monday, and Taiwanese smartphone chip maker MediaTek Inc. announced it would use the new technology in its upcoming model. The market for premium smartphones was previously dominated by competitor Qualcomm… Read More ›
US Commerce Secretary Says Washington Will Not Bow Down To Beijing’s Embargo On Micron Chips
According to U.S. Commerce Secretary Gina Raimondo, the United States “won’t tolerate” China’s effective ban on purchases of Micron Technology memory chips and is working closely with allies to confront such “economic coercion.” In the Indo-Pacific Economic Framework negotiations, which… Read More ›
US Debt Ceiling Cannot Be Raised Beyond June 5, Says US Treasury Secretary Yellen
The deadline for lifting the federal debt ceiling was established by U.S. Treasury Secretary Janet Yellen on Friday. She stated that if Congress does not raise the $31.4 trillion debt cap by June 5, the nation will default. Yellen previously… Read More ›
Despite The Pinch Of Inflation, UK Consumers Increase Their Expenditure
Official figures that demonstrated modest damage from the spike in inflation showed that British consumers increased the pace of their spending last month and that sales volumes during the three months to April increased by the most since mid-2021. The… Read More ›
Fate Of A Treasury Bill If There Is A US Debt Default – Six Important Issues
If the US Congress doesn’t take action to raise the debt ceiling before it is reached, which may happen as soon as June 1, the U.S. Treasury Department is in danger of defaulting on its debt. That creates questions for… Read More ›
China May Hack Infrastructure, Especially Pipelines And Train Systems, The US Warned
After researchers revealed a Chinese hacking gang had been snooping on such networks, the U.S. State Department issued a warning on Thursday that China was capable of launching cyber assaults against essential infrastructure, including oil and gas pipelines and rail… Read More ›
Is The US Dollar Dominance Ending? Factors Influencing Dollarization
The dollar’s position as the main currency in the world has come under new scrutiny due to rivalry with China, the effects of Russia’s war in Ukraine, and ongoing disputes in Washington over the country’s debt ceiling. The idea that… Read More ›
China Denies Allegations That It Is Spying On Vital Infrastructure In The West
The United States and its partners jointly issued a warning, but the Chinese government has denied charges that its spies are infiltrating Western infrastructure and has labelled the threat a “collective disinformation campaign.” Washington was responsible for hacking, according to… Read More ›
Risk Warnings Issued As Chinese Capital Floods Funds With A Focus On Japan
As the Nikkei approaches 33-year highs, Chinese capital is flooding into Japan-focused stock funds, prompting frequent market risk warnings from fund managers. Due to the ferocious demand, the prices of two Shanghai-listed exchange-traded funds (ETFs) that track the Nikkei 225… Read More ›
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