BUSINESS

An image of Erbium, part of the group of rare earths.
Australia Challenges China’s Dominance of Mineral Supply Chain
Australia’s Prime Minister Scott Morrison unveiled the AU$1.5 billion (US$1.1 billion) Modern Manufacturing Initiative (MMI) to help businesses capitalize on the country’s abundant natural resources and exploit opportunities in a de-carbonizing world to challenge China’s...
How Taiwan Beat China to Emerge as Asia’s Top-Performing Economy in 2020
For the first time in 30 years, Taiwan’s economy raced past that of mainland China’s, growing 3.11 percent in 2020, exceeding China’s 2.3 percent expansion according to its National Statistics bureau. The last time Taiwan’s...
Chinese citizens have savings at a much higher rate than around the world. The photo is a stock image of Shanghai, China, on a clear day.
Will Chinese Citizens Be Coaxed Into Capital Markets?
On December 22, 2020, the China Securities Regulatory Commission (CSRC) held a meeting and discussed the topic of encouraging Chinese citizens to invest their savings in capital markets. This is the second time within 11...
The UK Applies for Membership in Trans-Pacific Partnership
Since leaving the EU, the UK has requested to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). The CPTPP removes many tariffs between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and...
containers
China’s Violations of WTO Regulations Leading to Mistrust
The WTO is the world trade rule-setting organization. It was created after the World War II trade agreement between countries such as the United States and the United Kingdom to encourage economic ties and maintain...
Bezos Steps Down as CEO of Amazon, Will Focus on Space Exploration, Washington Post, Charities
Amazon founder Jeff Bezos announced he is transitioning away from CEO and to Executive Chair of the Amazon Board of Directors in a letter to staff on Tuesday. Bezos will transition away from his current...
Silver Markets Gap Up 7 Percent, Bullion Dealers Report Weekend Inventory Shortage Amid Retail Hype
A number of precious metal bullion dealers have reported inventory shortages and closed order taking on Sunday, Feb. 7, citing unprecedented weekend purchasing demand.  The U.S.-based MoneyMetals and APmex closed acceptance of new orders until...
Man in shorts on laptop.
What You Need To Know About New Work
"New Work" is a term that denotes a new way of working that is relevant to the modern digital age. The phrase was coined by Frithjof Bergmann, an Austro-American social philosopher, based on his assessment...
Africa
China’s Debt-Trap Diplomacy Is Weighing on Africa
It is normal for richer nations to give loans to poorer countries. But what is problematic is when the lender tries to use the loan to gain leverage over the borrower. The Chinese government is...