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BUSINESS

3 Evergrande Real Estate Executives Asked to Resign Over Unstable Loans
Evergrande Group, the embattled Chinese real estate giant, has once again become the focus of international...
With Both Small and Large Banks in Trouble, Will China’s Debt Crisis Blow Up?
A banking crisis in China’s Henan Province has seen hundreds of thousands of people unable to access...
A US railway strike may launch on July 18 unless Joe Biden intervenes, which would put him at odds with the unions ahead of the October primaries.
A US Railway Strike Is Two Days Away, Unless Biden Intervenes
The United States may face an immediate and severe crisis if a looming strike by railway worker unions...
Bitcoin miners and Tesla drivers were asked to power down during the current Texas heatwave and its accompanying electricity crisis.
Crypto Miners, Tesla Drivers, Asked to Power Down Amid Texas Electricity Crisis, Heat Wave
The Texas power authority has asked businesses, which includes some of the largest crypto mining operations...
China Technology Companies Fined
Alibaba and Tencent Stocks Plunge After Latest Fines
HONG KONG (AP) — Shares of Chinese technology firms Alibaba and Tencent fell sharply on Monday, July...
Financial Markets Wall Street
US Stocks Waver as Earnings Reports for Companies Begin
NEW YORK (AP) — Stocks wavered in morning trading on Wall Street Tuesday, July 12 as traders brace for...
China Experiencing Worst Capital Flight in 7 Years, Manufacturers Also Hit Hard
Reeling from unrelenting COVID lockdowns, travel restrictions and movement curbs, China’s national economy...
The Biden Admin sold some of the US SPR to the CCP amid the energy crisis and inflation.
Biden Admin Selling US Oil Reserves to China, Europe Amid Energy Crisis
The Joe Biden Administration has drained the U.S. Strategic Petroleum Reserve (SPR) to its lowest levels...
As oil returned to under $100 a barrel for the first time in months, media messaging showed itself to be all the more dissonant and chaotic.
Oil Dips Toward Sub-$100 Prices as Media Messaging Turns Dissonant
News analysis As U.S. oil prices below $100 per barrel for the first time in almost two months greeted...