The “road to the San Francisco summit will not be a smooth one,” as China’s Foreign Minister Wang Yi put it on Sunday, alluding to the anticipated meeting between US President Joe Biden and Chinese President Xi Jinping. Wang agreed… Read More ›
Strategy
US-China Rivalry Encourages Space Technology Investment
According to NASA Administrator Bill Nelson, the US and China are “in a space race to go back to the moon.” Nelson says he wants to make sure “we get there first” in an interview with the BBC. His remarks… Read More ›
Strong US Consumer Spending In The Third Quarter, With A Jump In Monthly Core Inflation
U.S. consumer spending increased in September as consumers increased their vacation and auto expenditures, continuing the upward trend in spending that began in the third quarter and continued into the fourth. In light of rising prices for services like housing,… Read More ›
War Orders From Ukraine Are Beginning To Increase Earnings For Major US Defense Contractors
Defence companies’ earnings are beginning to rise in response to Russia’s invasion of Ukraine in 2022, as clients including the US government replenish supplies sent to Ukraine and nations in Europe arm themselves in anticipation of Moscow’s aggressions. U.S. defence… Read More ›
Unexpectedly High Core Inflation In Japan’s Capital Puts BOJ In The Spotlight
The core consumer inflation rate of the Japanese capital Tokyo, which is seen as a leading indication of national trends, surprisingly increased in October, which signaled the expansion of price pressures which in turn is expected to sustain anticipations of… Read More ›
China’s Industrial Profits In September Continue To Rise Thanks To Regulatory Support
September saw advances at China’s industrial companies continue for a second month, adding to indications of a stabilising economy as the government implemented a flurry of pro-business policy initiatives. The unexpected 17.2% increase in August and September’s higher-than-expected industrial and… Read More ›
China’s Steps To Support A Faltering Economic Recovery
China’s post-pandemic rebound swiftly faded, prompting the country to implement a plethora of policy initiatives aimed at reviving a flagging economy in recent months. With the help of the government, the second-biggest economy in the world expanded more quickly in… Read More ›
Bitcoin Surges To Almost An 18-Month High As Speculation About ETFs Grows
Tuesday saw a nearly 10% increase in bitcoin to $34,872, the highest level in almost a year and a half due to growing rumours that an exchange-traded fund is on the verge of being launched. That came after a 10%… Read More ›
$341 Million Has Been Invested In China’s OpenAI Competitor, With Alibaba And Tencent Among Its Backers
Zhipu, an artificial intelligence start-up that China hopes can be a competitor to the American startup OpenAI, has the support of many major Chinese technology companies, including Alibaba and Tencent, the company announced on Friday. According to a statement from… Read More ›
Moscow Orders Officials To Purchase Chinese Cars And Russian Ladas
Beijing has been infiltrating Russia’s automotive industry since the war in Ukraine, as evidenced by the list of domestically produced automobiles that state officials should purchase that was released by the Russian government on Friday. All of the cars were… Read More ›
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