Business Insights

The chips were down with the Biden administration getting tough and Republican presidential candidate Donald Trump talking tough. Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter US export restrictions and Trump’s comments fuelling geopolitical tensions. ASML’s Netherlands-listed shares were down 11%, while Tokyo Electron shares in Japan […]

In the quest for love and companionship, many of us dream of finding that special someone with whom we can share our lives. But as the saying goes, love doesn’t pay the bills. When it comes to settling down, compatibility in money matters can be the secret ingredient to a lasting relationship. Money matters, with […]

Chinese e-commerce platforms have swiftly introduced a range of merchandise featuring images of Donald Trump with a bloodied face following an attempted assassination of the former president during a rally in Pennsylvania. This incident generated widespread speculation on Chinese social media, with President Xi Jinping extending sympathies to Trump for the shooting incident in Butler. […]

Global trade is navigating turbulent waters. Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), acknowledges that “global trade is not having the best of times at the moment.” Increasing protectionism and undermining of WTO rules are leading to a concerning fragmentation of the global market. Global trade is essential for economic resilience and […]

Several employees of the Hyatt Regency in downtown Milwaukee have been terminated following the death of D’Vontaye Mitchell, a Black man who died after being pinned down by hotel security guards. The incident was partially captured on witness video, prompting widespread outrage and an internal investigation by Aimbridge Hospitality, the operator of the hotel. “The […]

A Dallas-based company, American Rounds, is garnering attention with its unique approach to ammunition sales. The company has introduced vending machines stocked with ammo in grocery stores across Alabama, Oklahoma, and South Texas, with plans to expand to the Dallas-Fort Worth area soon. Grant Magers, CEO of American Rounds, emphasizes that these high-tech vending machines […]

Australian car buyers could soon see more affordable electric vehicles (EVs) on the market, thanks to new tariffs imposed by the European Union on Chinese EVs. Starting July 5, the EU has introduced provisional taxes of up to 37.6% on imported Chinese EVs, on top of the existing 10% duty. This means Chinese-made EVs could […]

In the bustling streets of China, a tiny, affordable electric car called the Seagull has emerged, sending ripples of anxiety through American automakers and politicians. Launched last year by Chinese automotive giant BYD (Build Your Dreams), this compact vehicle is priced at around $12,000 in China, offering a driving experience and craftsmanship that rival U.S. […]

In boldly moving against the European Union’s provisional tariffs on Chinese electric vehicles (EVs), Chinese EV makers and industry associations are rallying for fair treatment. Leading the charge, SAIC Motor Corp, China’s largest automaker, called on the European Commission (EC) to hold a hearing on the tariffs, asserting its commitment to protect its rights and […]

Retirement in America increasingly means working well into old age, with many seniors unable to support themselves solely on Social Security and savings. Teresa Ghilarducci, a renowned retirement expert, sheds light on this growing crisis. Retirement in America and the system’s shortcomings In a conversation with CBS MoneyWatch about her new book, “Work, Retire, Repeat: […]

Financial heavyweights like Ray Dalio of Bridgewater and Jamie Dimon of JP Morgan have expressed deep concerns over America’s debt. The question on everyone’s mind is whether there is a viable escape from this fiscal predicament. Radical solution to America’s debt Enter Warren Buffett, the legendary investor with a knack for straightforward solutions. Over a […]

Britain’s new prime minister Keir Starmer and his Indian counterpart, Narendra Modi, agreed on one thing when they spoke for the first time on the phone on Saturday (July 7). They agreed to reach a free trade agreement soon. Earlier, Modi tweeted his good wishes to Starmer, congratulating him on his election victory. Negotiations began […]

Bill Gates, the renowned philanthropist and Microsoft co-founder, has emphasized the transformative potential of artificial intelligence (AI) in accelerating innovation and tackling climate change. However, AI is a double-edged sword, according to the Microsoft co-founder, he also cautioned that only those with good intentions must wield its power. Gates highlighted in a Sky News interview […]

In a dramatic escalation of his long-standing feud with Tesla short sellers, Elon Musk delivered a blunt ultimatum to sceptics like Bill Gates: “Prepare to be obliterated.” Musk, known for his outspoken disdain towards those betting against Tesla’s success, condemned short selling as antithetical to genuine investment principles. Despite waves of criticism and skepticism over […]

In the 20th century, China faced colonial incursions and internal turmoil, which led to the rise of nationalism. With the establishment of the People’s Republic of China in 1949, a new era was ushered in. As the Communist Party emphasized self-reliance, it likewise fostered suspicion of Western influences during the Cold War. These factors shape […]