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.
Residents in China’s Henan Province Lose Access to Bank Accounts, Face Off With Police
Droves of angry protesters took to the streets in China’s Henan Province on July 10 after their bank...
Alibaba and Tencent Stocks Plunge After Latest Fines
HONG KONG (AP) — Shares of Chinese technology firms Alibaba and Tencent fell sharply on Monday, July...
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...
Cut Off From Russian Gas, Bulgaria Opens New Pipeline Via Greece
ATHENS, Greece (AP) — The leaders of Greece and Bulgaria on Friday, July 8 inaugurated a new pipeline...
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...
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...
Americans Burned Payday Loans and Credit Cards to Speculate on Digital Currency: Survey
Almost 22 percent of Americans who have taken to gambling on the promise of meteoric returns in the digital...
Is the US on the Cusp of a Housing Crash?
U.S.-based homeowners and prospective buyers may be caught in the unwinding apex of a housing crash,...