Liao Min, Chinese Deputy Director of Central Commission's Office for Financial and Economic affairs.

China Expresses Concerns Over U.S. Tariffs and Russia-Related Sanctions in High-Level Economic Meeting

During a recent high-stakes meeting in Washington, D.C., China raised serious concerns regarding U.S. tariffs and sanctions linked to Russia, warning that these measures could intensify economic frictions between the world’s two largest economies. China’s Vice Minister of Finance, Liao...
Philippine peso

Philippine Peso Faces Pressure Amid Geopolitical and U.S. Election Risks: Could it Hit Record Low Again?

The Philippine peso could be on course to retest its record low of 59 against the U.S. dollar, driven by escalating geopolitical concerns and uncertainties surrounding the upcoming U.S. election, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. warned...
Nuclear Power

Tech Giants Turn to Nuclear Power to Meet AI Energy Demands, Fueling Nuclear Power Stock Surge

The energy and tech sectors, mega-cap technology companies like Amazon, Microsoft, and Alphabet are betting big on nuclear power. As the demand for clean energy rises and the soaring power needs of artificial intelligence (AI) data centers become critical, these...
US Dollar - Chinese Yuan

Global Investors Continue to Bet on Chinese Assets Despite Looming U.S. Election

With the U.S. presidential election on the horizon, global investors are carefully navigating the longstanding trade tensions between the United States and China, focusing on the implications of a potential shift in U.S. policy. Whether the next U.S. president is...
Morocco Central Bank

Morocco to Gradually Shift Dirham Exchange Rate Regime by 2026, Announces Central Bank Governor

Morocco plans to ease its current exchange rate regime starting in 2026, marking a return to gradual currency reform efforts that were postponed due to the economic fallout from the COVID-19 pandemic. The announcement came from Abdellatif Jouahri, Governor of...
TSMC- Huawei

TSMC Under Scrutiny for Huawei AI Chip Production: Did TSMC Enable Huawei to Bypass US Chip Ban?

The recent revelation that Taiwan Semiconductor Manufacturing Co. (TSMC) produced a 7-nanometer chip found in an artificial intelligence (AI) accelerator product by Huawei, a Chinese telecommunications company under strict U.S. sanctions, has sparked widespread controversy. The situation has drawn the...
China central bank

China’s Central Bank Holds Steady on One-Year Policy Rate Amid Economic Uncertainty

China's economic stimulus efforts, the People’s Bank of China (PBOC) kept its one-year policy rate unchanged in October, a month after slashing funding costs by the largest margin in history. The decision suggests that Chinese authorities are mindful of balancing...
Social Media

Social Media Giants Face Lawsuits Over Alleged Role in Youth Mental Health Crisis

Meta Platforms Inc., Google, TikTok, and Snap Inc. are facing mounting legal challenges from U.S. school districts, accusing the tech giants of contributing to a youth mental health crisis through the addictive design of their apps. The ruling by U.S....
Qantas Airways

Qantas Airways Signals No Opposition to Qatar Airways’ Investment in Virgin Australia

Australia's aviation industry, Qantas Airways has clarified that it holds no opposition to Qatar Airways' proposal to acquire a 25% stake in Virgin Australia, the country's second-largest airline. The announcement, made by Qantas Chair John Mullen and CEO Vanessa Hudson...
electronic board showing Japan's Nikkei average and related indices at the Tokyo Stock Exchange in Tokyo

Asian Equity Markets Mixed Amid Decline in Treasury Yields; Japanese Stocks Lag Behind

Asian equity markets displayed a mixed performance on Friday, with several key benchmarks advancing while Japanese shares faltered in response to a stronger yen. The decline in U.S. Treasury yields provided some relief to global markets, lifting sentiment and offsetting...
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