FINANCE
According to Reuters, as global competition in the semiconductor industry continues to intensify, China's chip sector is accelerating efforts to achieve technological breakthroughs. Analysts say that although Huawei is advancing architectural innovations and packaging technologies, it remains constrained by critical equipment shortages and structural limitations in the global supply chain.
World’s Top Producer of Ammonia, a Key Component in Fertilizer, Slashes Production Amid German Energy
Ammonia, a critical component used in fertilizer, is about to meet with renewed scarcity as the world...
Asia’s Wealthiest Woman Loses $12 Billion in China’s Real Estate Crisis
Yang Huiyan, known as the richest woman in Asia, has lost more than half of her $24 billion fortune as...
Thanks, Inflation. 40 Percent of Americans Have No Money to Save, Even if They Want to
Although Federal Reserve Chairman Jerome Powell told reporters on July 27 after the Federal Open Market...
Behind the Timing of Didi Global’s $1.2-billion Fine
News analysis Chinese ride-hailing company Didi Global was hit with a $1.2 billion fine on July 21...
35% of Truckers Say 2022 Will Be ‘Drastically’ Less Profitable Because of Fuel Prices: Survey
Owner-operators of trucking companies are not feeling particularly optimistic in their outlook as to...
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 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...
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...