Air China flight makes emergency landing due to mid-air lithium battery fire.
An Air China flight bound for Seoul had to make an emergency landing on Saturday after a lithium battery in a passenger’s carry-on luggage ignited while the plane was flying over Shanghai, filling the cabin with smoke. Flight CA139 took off from Hangzhou Xiaoshan International Airport at 9:47 a.m. local time, carrying 160 passengers and […]
EUR/USD declines as Trump eases approach on China tariffs, US Dollar rebounds
The EUR/USD pair saw a slight decrease of 0.17% during North American trading on Friday. This decline followed comments from US President Donald Trump, who moderated his tough stance on trade with China, leading the pair to trade around 1.1666 after reaching an intraday peak of 1.1728. Euro dips from daily highs as market sentiment […]
China Reveals Purge of Missing Politburo General for Major Duty-Related Offenses
Major Purge within China’s Military Leadership On Friday, China’s Ministry of Defense reported that nine high-ranking members of the People’s Liberation Army were expelled from the Communist Party due to corruption allegations. This list notably includes a former member of the Politburo. The most significant figure among those dismissed is General He Weidong, the vice […]
Gold retreats from record peak amid strong dollar and Trump’s comments on China.
Gold Prices Dip After Hitting Record High On October 17, gold prices took a hit, dropping over 2% after peaking at more than $4,300 an ounce earlier in the day. This decline was influenced by a robust dollar and statements from President Trump regarding the sustainability of “serious” tariffs on China. At around 12:39 PM […]
Micron will exit the server chip market in China following the ban.
Micron to Halt Server Chip Supply to China SEOUL/SHANGHAI, Oct 17 – Micron has announced plans to cease supplying server chips to Chinese data centers in 2023. This decision comes after the Chinese government failed to reverse its ban on Micron’s products within critical infrastructure, according to sources familiar with the matter. Micron was the […]
Trump acknowledges that threats of tariffs on China are ‘not tenable’ amid ongoing trade disputes.
President Donald Trump has indicated that the high tariffs on Chinese goods are “not sustainable” amid escalating trade tensions between the U.S. and China. As trade sanctions deepen, his administration continues to weigh sanctions against China. In an interview with Fox News’ Maria Bartiromo, he acknowledged that the enormous tariff could impact the U.S. economy, […]
Top Spy Catcher Warns China Poses a Daily National Security Risk
According to a senior intelligence official, Chinese state actors pose a daily national security threat to the UK, Russian agents aim to instigate chaos, and Iran is reportedly targeting individuals on British soil. Sir Ken McCallum, the director general of MI5, shared his annual threat assessment amidst heightened concerns over alleged Chinese espionage activities, including […]
Trump’s recent trade conflict with China provides insights for the copper market during the AI surge.
Surging Demand for Copper Amid Global Changes Expectations for copper demand are on the rise, driven by the ongoing AI boom and increased defense expenditures in Europe. The growing vulnerabilities in supply chains, highlighted by the recent tensions in international trade, underscore the necessity for supply diversification. Matt Chamberlain, the CEO of the London Metal […]
China Penalizes South Korean Shipyard Assisting U.S. in Revamping Construction Skills
On Tuesday, China’s Ministry of Commerce announced sanctions against five subsidiaries of South Korean shipbuilder Hanwha Ocean. These sanctions seem to be a response to a U.S. investigation regarding China’s hold on the global shipbuilding arena, possibly validating claims made by Washington. According to reports, the inquiry angered Beijing. A study, prepared by the Office […]
China Warns of Response If U.S. Moves to Give Up Russian Oil
On Thursday, the Chinese government asserted that its large oil imports from Russia are “lawful” and warned of potential “countermeasures” to protect its sovereignty if President Trump pushes Beijing to halt Russian crude purchases. This statement came as China responded to Trump’s comments, in which he mentioned that he had managed to persuade Indian Prime […]