BUSINESS
NEW YORK, New York — As of Oct. 1, the East and Gulf coasts of the U.S. have been grappling with the most significant port strike in nearly 50 years. The strikes have disrupted trade at 36 key ports, including those in New York, New Jersey, Virginia, and Texas. Nearly
Simmering Tensions: China Sanctions 5 US Defense Firms Over Arms Sales to Taiwan
On Jan. 7, China imposed sanctions on five American defense manufacturers in response to Washington’s...
Tesla, Other EVs Lose Tax Credits as US Hopes to Reduce Dependency on Chinese Batteries
WASHINGTON, D.C. (Reuters) — Many electric vehicles lost eligibility for tax credits of up to $7,500...
Some Chinese Goods to Remain Exempt From Trump-era Tariffs Until June 2024
WASHINGTON — The office of U.S. Trade Representative Katherine Tai on Tuesday, Dec. 26 announced a further...
Intel Granted $3.2 Billion for New Chip Plant in Israel
JERUSALEM — Israel's government agreed to give Intel a $3.2 billion grant for a new $25 billion chip...
Driven by Post-Pandemic Rebound, US Oil Giants Spent $250 Billion in 2023
HOUSTON — The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies...
Beijing Deploys Propaganda to Cover up China’s Rapid Economic Decline
Worsening economic figures, rising political instability, and intensifying crackdowns by the Chinese...
Are Japan’s Abandoned Houses Turning Into Goldmines? Why Investors Are Reviving the Rural ‘Akiya’ Gems
Parts of Japan's countryside, dotted with old, abandoned homes, are witnessing a notable transformation...
Italy Breaks Ranks With G7, Announces Departure From China’s Belt and Road Initiative
On Dec. 7, Italy’s Prime Minister Giorgia Meloni announced that her country would withdraw from China's...
Moody’s Lowers Outlook on China’s Credit Rating, Citing Increased Debt Risks
In a significant move that reflects growing concerns over China's financial stability, leading financial...