US cautions China as Trump administration intensifies efforts in manufacturing and mineral production
U.S.-China Trade Relations: Latest Developments U.S. Trade Representative Jamison Greer recently shared some insights on the ongoing trade discussions between the U.S. and China, alongside President Trump’s upcoming conversation with Xi Jinping. The United States has raised concerns over what it perceives as China’s latest effort to exert pressure on foreign businesses that are investing […]
China Starts Offering Money to Encourage Women to Have Babies
On Monday, a report from China’s state-run Global Times indicated that starting November 1, authorities in 25 provinces will begin providing “maternity benefits” to women. Essentially, this move comes after exhausting different strategies to tackle the nation’s declining birth rate; they will now incentivize women to have children. The newspaper noted that since September, regions […]
New iPhone 17 sales surpass older model in US and China, raising stock to record level
The newly released iPhone 17 series has surpassed its predecessor in sales within the first week of its launch in the US and China. Apple’s stock jumped over 4% on Monday, reaching record heights and bringing the company’s valuation closer to a staggering $4 trillion. Launched in September, the iPhone 17 series outsold the iPhone […]
Trump and Albanese finalize $8.5 billion agreement on rare earths to reduce reliance on China
NioCorp’s Grant and US-Australia Agreement on Rare Earths NioCorp’s CEO, Mark Smith, shared during a segment on Mornings with Maria that a $10 million grant from the Department of Defense is set to enhance rare earth initiatives in Nebraska. This comes as the U.S. aims to strengthen supply chains crucial for national security and economic […]
China dismisses leading trade negotiator Li Chenggang following Bessent comment
China recently dismissed its outspoken trade negotiator, Li Chenggang, who was appointed as the country’s representative to the World Trade Organization (WTO) shortly after U.S. Treasury Secretary Scott Bessent labeled him as “unstable.” Li, 58, was removed from his Geneva post as part of a significant reshuffle of ambassadors approved by President Xi Jinping, as […]
Trump finalizes rare earth mineral agreement with Australia, reaffirms AUKUS pact during China trade conflict
Trump and Albanese Sign Rare Earth Minerals Agreement President Donald Trump revealed a new deal with Australia regarding rare earth minerals, announced earlier this week while tensions with China continue over trade restrictions. In meetings at the White House on Monday, Prime Minister Anthony Albanese discussed how this agreement provides the U.S. access to crucial […]
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 […]