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ECONOMICS

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China Clamps Down on Starbucks, Tesla as It Encourages Boycotts of International Brands
By Tianzi Yang A report published on Dec. 14 described a Chinese reporter trying to expose food safety problems at a Starbucks in Wuxi, a city near Shanghai. News of the report was seen trending...
Sign outside one of the offices of McKinsey & Company.
Sen. Rubio: Consulting Firm That Served Pentagon Lied About Its Links to Chinese Government
According to Senator Marco Rubio from Florida, the world’s largest management and consulting firm McKinsey & Co. “appears to have lied” in regards to its connections with the Chinese government. Rubio said McKinsey executives told...
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Bank of England Hikes Interest Rates in Bid to Battle Inflation
In an attempt to rein in inflation the Bank of England (BoE) on Thursday voted to raise interest rates to 0.25 percent from a record low of 0.1 percent, stunning economists who believed interest rates...
Chinese and Russian hackers pose a major security threat to the U.S. This photo taken on August 4, 2020 shows Prince, a member of the hacking group Red Hacker Alliance who refused to give his real name, using his computer at their office in Dongguan, China's southern Guangdong province.
Chinese Tech Giant Huawei Linked to Surveillance Operations and Intelligence Gathering: Report
An analysis by the Washington Post finds that Chinese telecommunications firm Huawei may have played a larger role in surveillance and software programs than previously acknowledged by both the company and the government.  The review...
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Panic at the Fed: Interest Rate Increases Coming as Inflation Soars
On Wednesday Dec. 15, the Federal Reserve (Fed) lifted its forecast for U.S. inflation in 2022 to 2.6 percent, up from its prior estimate of 2.2 percent, sending signals that price pressures won’t dissipate for...
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Inflation in US Alarmingly High But Might Ease Next Year
Inflation in the United States is not showing any signs of abating. On Dec. 10, the Labor Department reported that consumer prices rose 6.8 percent in November compared to a year ago. This is the...
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The Economic Scenario Beijing Fears Most Is Just Around the Corner
News analysis On Dec. 8 through Dec. 10, China held its annual Central Conference on the Economy in Beijing. The meeting is the highest level of economic analysis and decision-making of the Chinese Communist Party...
An inmate receives a dose of the Sinopharm Covid-19 coronavirus vaccine at Chonburi Central Prison on June 25, 2021.
Nicaragua Receives 1 Million COVID-19 Vaccines from China After Dropping Diplomatic Ties With Taiwan
Days after cutting formal diplomatic relations with Taiwan, the government of Nicaragua has received one million vaccines from the mainland Chinese government. Government representatives returned to the Central American nation on Dec. 12 with news...
Taiwan President Tsai Ing-wen
Future of Taiwan’s President Tsai Could Hinge on How She Handles a Vote on 4 Policies
While COVID-19 ravaged and devastated most of the world, Taiwan was praised and viewed as a model to follow in the way it kept the pandemic at bay, allowing its citizens to largely go about...