Gold Price Outlook: XAU/USD reaches a new four-week high amid rising trade concerns between China and the US that boost safe-haven interest
Gold prices surged to around $3,400 amid uncertainty in US-China trade relations, accompanied by a slight increase in Fed stakes. Weak US ADP Employment and Services PMI data are impacting US Treasury yields. The likelihood of the Fed making interest rate cuts in July has seen a minor uptick. Gold Price (XAU/USD) has climbed to […]
China conceals equipment in solar technology that may impact U.S. trade, according to an expert.
A former NSA analyst has raised concerns that China is placing equipment in key locations potentially aimed at disrupting U.S. commerce. This comes after U.S. experts found unauthorized communication devices in solar inverters made in China, which were not listed in the official product documentation. According to the analyst, these rogue inverters can bypass firewalls […]
China conceals technology in solar equipment that might impact U.S. trade, according to an expert.
A former analyst from the National Security Agency has expressed concerns about China strategically placing equipment that could potentially disrupt U.S. commerce, following the discovery of unauthorized communication devices in Chinese solar inverters. U.S. experts stumbled upon an undocumented device during inspections aimed at identifying security issues in these inverters. The findings were shared with […]
Citi intends to reduce 3,500 technology positions in China as banks worldwide aim to lower expenses.
Citigroup Plans Job Cuts in China Hong Kong, China – 07/06/2024: Pedestrians walk past a Citibank branch in the city. Citigroup announced on Thursday that it intends to eliminate approximately 3,500 tech positions in China as part of an effort to refine its global operations and reduce expenses. These layoffs are expected to occur at […]
US and China dispute the 36th anniversary of the Tiananmen Square tragedy
Tiananmen Square’s 36th Anniversary Graphic Video Warning: June 4th marks the 36th anniversary of the 1989 crackdown on democratic protesters at Beijing’s Tiananmen Square. The ongoing exchange between Washington and Beijing on this anniversary of the tragic events underscores a persistent divide between the Chinese Communist Party (CCP) and Western democratic ideals. On the evening […]
Shortage of Rare Earth Elements Exposes U.S. Manufacturing Risks Linked to China
US Supply Chain Vulnerabilities Exposed by Rare Earth Magnet Shortage The current shortage of rare earth magnets has revealed significant weaknesses within the US supply chain, emphasizing China’s extensive control over vital resources necessary for modern manufacturing. Automakers across the US, Europe, and Asia are expressing concerns that vehicle production might come to a halt […]
Two individuals from China accused of plotting to smuggle a harmful biological agent into the US
Charges Against Chinese Nationals for Smuggling Dangerous Fungus Two citizens from China have been charged with conspiracy and smuggling a type of fungus that authorities consider a “dangerous biological pathogen” into the U.S. Yunqing Jian, 33, and 34-year-old Zunyong Liu were indicted on charges including conspiracy, making false statements, and visa fraud on Tuesday, as […]
Trump likely to push back TikTok ban deadline again as US and China engage in trade discussions
President Trump is set to extend the third deadline for the TikTok ban for the third time, as the White House and China get ready for trade discussions. The latest extension concerning the sale of the widely used video-sharing app in the U.S. is set to expire on June 19. However, tensions between the two […]
Couple from China accused of bringing destructive fungus into the US: ‘Possible agricultural threat’
Charges Filed Against Couple for Smuggling Dangerous Fungi A Chinese couple is facing criminal charges after allegedly attempting to smuggle harmful fungi into the United States, which could potentially harm crops and endanger human and animal health. Zunyong Liu, 34, was apprehended last July by U.S. customs while trying to bring in Fusarium Graminearum, identified […]
China says the US should cease spreading false information and address its misguided actions.
China stated on Tuesday that the United States needs to “stop the spread of disinformation,” focusing on addressing what it calls “fraud” amid ongoing trade tensions between the two nations. Lin Jiang, speaking for China’s Foreign Ministry, claimed that the US has “falsely criticized and smeared” China, and mentioned that Washington had implemented “extremely suppressed” […]