In a landmark speech to a symposium featuring leading entrepreneurs, Chinese President Xi Jinping signaled a notable pivot towards bolstering the private sector, as reported by state media outlet Xinhua. This meeting, described by economists as a crucial gesture of government backing, comes at a time when the Chinese economy is grappling with considerable challenges
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The semiconductor landscape has entered a tumultuous phase as two major competitors, Taiwan Semiconductor Manufacturing Co. (TSMC) and Broadcom, explore possibilities of acquiring Intel’s operations, potentially leading to the division of the iconic American chipmaker. This exploration of new partnerships and acquisitions reflects not only market dynamics but also broader implications for national security and
The NATO alliance is at a critical juncture as it navigates the complexities of international security in a changing political landscape. Recently, NATO Secretary General Mark Rutte expressed concern about the growing confrontational stance of the United States, urging European members to transition from mere criticism to actionable solutions. His call to “get into the
Singapore’s economy has shown remarkable resilience and dynamism, registering a robust growth of 4.4% in 2024. This acceleration marks a significant rebound, with the country experiencing its highest growth rate since 2021. The government’s newly released data highlights that this expansion was fueled primarily by key sectors such as wholesale trade, finance, insurance, and manufacturing.
On Thursday, the Asia-Pacific stock markets exhibited a remarkable uptrend, diverging from the downturn witnessed on Wall Street the previous night. This positive momentum in the region comes in the wake of a greater-than-anticipated inflation report from the United States, which stirred fears of prolonged or even increased interest rates from the Federal Reserve. These
In a surprising turn of events, SoftBank Group has reported a significant quarterly loss, underscoring the challenges faced by its Vision Funds. This unexpected downturn not only highlights difficulties in the company’s extensive investment strategy but also serves as a catalyst for its pivot towards the artificial intelligence (AI) sector. As analysts and stakeholders delve
In recent times, Chinese corporations are taking significant steps to attract investors with unprecedented dividend distributions and aggressive share repurchase plans. As evidenced by the China Securities Regulatory Commission (CSRC), there has been a remarkable shift in corporate behavior, with Chinese publicly listed firms disbursing a record-setting 2.4 trillion yuan (approximately $328 billion) in dividends
Recently, U.S. President Donald Trump indicated his intention to impose a new set of tariffs amounting to 25% on steel and aluminum imports. This announcement signals a continuation of his administration’s emphasis on protectionism, which has characterized trade policies since before his first term. While no timeline for the implementation of these tariffs has been
In January, China’s consumer inflation showcased a noteworthy acceleration, marking its most significant increase in five months. The Consumer Price Index (CPI) rose by 0.5% from the previous year, a sharp contrast to December’s marginal growth of just 0.1%. This uptick not only surpassed the expectations of economists surveyed by Reuters, who had projected a
On a recent Saturday, a significant, yet agonizing event transpired in the tumultuous landscape of the Israeli-Palestinian conflict. The militant group Hamas released three Israeli hostages in a live televised handover that starkly illustrated the sheer toll of the ongoing war. The physical state of the released individuals—Ohad Ben Ami and Eli Sharabi, both captured