Tech War Escalates: China Bypasses U.S. Ban to Secure AI Chips Despite the U.S. embargo on advanced semiconductor exports, Chinese universities and research institutions have managed to secure Nvidia’s artificial intelligence (AI) chips through third parties. This suggests a loophole in the U.S. export control, which is being tightened. On the 23rd, Reuters reported that an analysis of hundreds of Chinese tender documents revealed that ten […]
Shein CEO Refutes Environmental Criticisms: Misunderstanding Due to Lack of Communication Donald Tang, Executive Chairman of Shein, has refuted criticism of the company’s environmental pollution, stating, “Our unfavorable reputation is due to a lack of understanding.” According to the French daily newspaper Le Figaro on the 23rd (local time), Tang, who recently visited Paris, France, said in an interview, “The misunderstanding about Shein is mainly because […]
Chinese EV Production in Mexico Threatened by U.S. Influence The Mexican government may halt incentives due to pressure from the United States when Chinese electric vehicle manufacturers aim to build factories, according to a Reuters report on April 18, 2024. Such moves concern access to cheap public land and tax breaks on Mexico’s EV production investment. Companies that can benefit from this include Tesla, […]
China's BYD Strikes Deal with Rêver Group: Electric Buses and Trucks Set to Roll Out in Thailand On March 10, 2024, Thai media reported that BYD had signed a memorandum of understanding with Rêver Bus & Truck, a subsidiary of Thailand’s Rêver Group, on March 28 to produce electric buses and trucks based on BYD technology. While no schedule was announced, the factory will, according to the media, produce interior and exterior […]
Apple's China Crisis: iPhone Sales Plunge by 19%, Market Share Declines Apple’s smartphone sales in China for the first quarter of this year have reportedly dropped 19% compared to last year. According to data from market research firm Counterpoint, cited by Reuters on the 23rd (local time), iPhone shipments in China for the first quarter plummeted by 19%, marking the worst performance since 2020. Apple’s market […]
LA to Vegas in 2 Hours: The Future of American Rail Travel Brightline West, an electric high-speed railway line connecting Las Vegas and Los Angeles, broke ground in Nevada on April 22, 2024. The Biden administration provided $3 billion in funding to Brightline West in December 2023. This was part of the previously allocated $6 billion and came from the transitory Infrastructure Law as part of the […]
Tesla Outshines Competitors with Lowest Maintenance Costs Consumer Reports in the United States has announced that Tesla has the lowest maintenance and repair costs among all brands. This year’s annual car survey for 2023, funded by consumer membership fees, features data obtained directly from thousands of car owners in the United States. Upon comparing the cumulative costs per brand over 1 to […]
Tesla's Fall Triggers Downward Spiral for Korean Battery Stocks Foreigners and institutions are both selling their shares at the same timeThe stock of companies like LGES and Samsung SDI faced a decline in valueThe focus of investors is on semiconductors and AI stocks The underperformance of the market leader, Tesla, and the ‘chicken game’ of electric vehicles have caused domestic secondary battery stocks to […]
Fashion World Shaken as U.S. Regulators Halt Tapestry's $8.5 Billion Acquisition Tapestry, the parent company of American fashion brand Coach, faced a roadblock from U.S. regulators in its bid to acquire Capri Holdings, which owns brands such as Michael Kors, for $8.5 billion (approximately 11.7 trillion KRW). According to the Financial Times (FT) and the Wall Street Journal (WSJ), on the 22nd (local time), the Federal […]
Saudi Aramco's CEO: Global Energy Goals Need China's Low-Cost Green Tech As concerns escalated about a second China shock, with China exporting products like solar panels and electric vehicles at bargain prices to countries worldwide, including the U.S. and Europe, Saudi Arabia surprisingly defended China. According to the Financial Times (FT), on the 22nd (local time), Amin Nasser, CEO of Saudi Aramco, the state-owned oil company […]
Fashion Brand, Express, Files for Bankruptcy and Reveals Plans for Sale Express, a US-based apparel retailer, has commenced bankruptcy proceedings to facilitate its self-sale. In accordance with a statement released on the 22nd (local time), Express has received a proposal from brand manager WHP Global, in conjunction with mall operators Simon Property Group and Brookfield Property, to acquire the majority of the company’s operations and stores […]
China's Wind Turbine Exports Skyrocketed by 60.2% Despite Market Challenges As price competition in China intensifies, the focus is shifting towards exports. Last year, Chinese wind turbine exports saw a significant increase. The European Union (EU) has investigated subsidies for Chinese wind turbines following electric cars and solar power. Chinese companies are speeding up exports in response to intensified domestic market competition. On the 22nd, […]
U.S. Government Supports Samsung Electronics' Semiconductor Production Facility with $6.4 Billion Investment Confirmation of Taylor’s production facility subsidy: furnish manufacturing capabilities to growing demand such as HPC and AI Kyung Kye Hyun, the head of Samsung Electronics’ semiconductor business, stated on the 22nd through his social media that the U.S. government providing Samsung Electronics with a semiconductor production facility investment subsidy according to the Semiconductor Science Act (CHIPS […]
US Housing Giant Dr. Horton Beats Estimates with Robust Profits Analysts have reported that D.R. Horton (DHI), a company that builds homes and sells building materials in the U.S., ‘s quarterly results were better than expected. D.R. Horton’s second-quarter (January-March) sales were $9.11 billion, a 14.2% increase year over year, and its net income was $1.17 billion, a 24.4% increase. Earnings per share (EPS) were […]
A 'Kneaded' Revolution: Paris Baguette's Rapid Expansion in North America To secure 150 new franchise contracts with 100 new locations this year, targeting Puerto Rico and Mexico after the United States and Canada. Paris Baguette has been thriving since the start of this year after securing nearly 30 new franchise agreements in North America in the first quarter. This brings the company closer to its […]
Saudi Aramco's Top Boss Backs China in Energy Dumping Controversy The world’s largest oil producer has stepped up to defend China against Western criticism that it dumps solar panels and electric vehicles at rock-bottom prices. According to the Financial Times (FT), Amin Nasser, CEO of Aramco, said at the World Energy Congress (WEC) held in Rotterdam, Netherlands, on the 22nd (local time), “China has greatly […]
North America Embraces Korean Rice: CJ's Bibigo Sticky Rice Sales Soar Last Year’s Cooked Sticky White Rice Sales Up 20.6% to 160 billion CJ CheilJedang’s Cooked Sticky White Rice is gaining significant popularity in North America. CJ CheilJedang announced on the 23rd that the sales of Cooked Sticky White Rice exported to North America last year increased by 20.6% compared to the same period of the […]
Kia Challenges Ford and Toyota with New Tasman Pickup Truck Kia’s first-ever pickup truck, the Tasman, has been spotted in North America following sightings in Australia. It appears to be undergoing final performance checks before its global debut next year. According to overseas test car reviewer KindelAuto, on the 23rd, Kia recently conducted a road test of the Tasman in North America. The test was […]
South Korea Faces Import Uncertainty Amid US-UK Sanctions on Russia South Korea had aluminum imports from Russia, reaching 39,100 tons in March.Marking a 45% increase in MoM, the highest level since June 2012.Anticipated to face the impact of sanctions by the US and UK,Companies such as Namsun Aluminum are in discussions. South Korea’s imports of Russian aluminum have hit a 12-year high. However, recent sanctions […]
Yen's Historic Plunge: Lowest Value Against Dollar in 34 Years The yen’s value fell to a 34-year low as the dollar-yen exchange rate surged to the threshold of 155 yen during trading. According to Kyodo News, on the 23rd, the dollar-yen exchange rate in the New York foreign exchange market the day before (local time) rose to 154.85 yen per dollar during trading. Despite joint […]
Tech War Escalates: China Bypasses U.S. Ban to Secure AI Chips Despite the U.S. embargo on advanced semiconductor exports, Chinese universities and research institutions have managed to secure Nvidia’s artificial intelligence (AI) chips through third parties. This suggests a loophole in the U.S. export control, which is being tightened. On the 23rd, Reuters reported that an analysis of hundreds of Chinese tender documents revealed that ten […]
Shein CEO Refutes Environmental Criticisms: Misunderstanding Due to Lack of Communication Donald Tang, Executive Chairman of Shein, has refuted criticism of the company’s environmental pollution, stating, “Our unfavorable reputation is due to a lack of understanding.” According to the French daily newspaper Le Figaro on the 23rd (local time), Tang, who recently visited Paris, France, said in an interview, “The misunderstanding about Shein is mainly because […]
Chinese EV Production in Mexico Threatened by U.S. Influence The Mexican government may halt incentives due to pressure from the United States when Chinese electric vehicle manufacturers aim to build factories, according to a Reuters report on April 18, 2024. Such moves concern access to cheap public land and tax breaks on Mexico’s EV production investment. Companies that can benefit from this include Tesla, […]
China's BYD Strikes Deal with Rêver Group: Electric Buses and Trucks Set to Roll Out in Thailand On March 10, 2024, Thai media reported that BYD had signed a memorandum of understanding with Rêver Bus & Truck, a subsidiary of Thailand’s Rêver Group, on March 28 to produce electric buses and trucks based on BYD technology. While no schedule was announced, the factory will, according to the media, produce interior and exterior […]
Apple's China Crisis: iPhone Sales Plunge by 19%, Market Share Declines Apple’s smartphone sales in China for the first quarter of this year have reportedly dropped 19% compared to last year. According to data from market research firm Counterpoint, cited by Reuters on the 23rd (local time), iPhone shipments in China for the first quarter plummeted by 19%, marking the worst performance since 2020. Apple’s market […]
LA to Vegas in 2 Hours: The Future of American Rail Travel Brightline West, an electric high-speed railway line connecting Las Vegas and Los Angeles, broke ground in Nevada on April 22, 2024. The Biden administration provided $3 billion in funding to Brightline West in December 2023. This was part of the previously allocated $6 billion and came from the transitory Infrastructure Law as part of the […]
Tesla Outshines Competitors with Lowest Maintenance Costs Consumer Reports in the United States has announced that Tesla has the lowest maintenance and repair costs among all brands. This year’s annual car survey for 2023, funded by consumer membership fees, features data obtained directly from thousands of car owners in the United States. Upon comparing the cumulative costs per brand over 1 to […]
Tesla's Fall Triggers Downward Spiral for Korean Battery Stocks Foreigners and institutions are both selling their shares at the same timeThe stock of companies like LGES and Samsung SDI faced a decline in valueThe focus of investors is on semiconductors and AI stocks The underperformance of the market leader, Tesla, and the ‘chicken game’ of electric vehicles have caused domestic secondary battery stocks to […]
Fashion World Shaken as U.S. Regulators Halt Tapestry's $8.5 Billion Acquisition Tapestry, the parent company of American fashion brand Coach, faced a roadblock from U.S. regulators in its bid to acquire Capri Holdings, which owns brands such as Michael Kors, for $8.5 billion (approximately 11.7 trillion KRW). According to the Financial Times (FT) and the Wall Street Journal (WSJ), on the 22nd (local time), the Federal […]
Saudi Aramco's CEO: Global Energy Goals Need China's Low-Cost Green Tech As concerns escalated about a second China shock, with China exporting products like solar panels and electric vehicles at bargain prices to countries worldwide, including the U.S. and Europe, Saudi Arabia surprisingly defended China. According to the Financial Times (FT), on the 22nd (local time), Amin Nasser, CEO of Saudi Aramco, the state-owned oil company […]
Fashion Brand, Express, Files for Bankruptcy and Reveals Plans for Sale Express, a US-based apparel retailer, has commenced bankruptcy proceedings to facilitate its self-sale. In accordance with a statement released on the 22nd (local time), Express has received a proposal from brand manager WHP Global, in conjunction with mall operators Simon Property Group and Brookfield Property, to acquire the majority of the company’s operations and stores […]
China's Wind Turbine Exports Skyrocketed by 60.2% Despite Market Challenges As price competition in China intensifies, the focus is shifting towards exports. Last year, Chinese wind turbine exports saw a significant increase. The European Union (EU) has investigated subsidies for Chinese wind turbines following electric cars and solar power. Chinese companies are speeding up exports in response to intensified domestic market competition. On the 22nd, […]
U.S. Government Supports Samsung Electronics' Semiconductor Production Facility with $6.4 Billion Investment Confirmation of Taylor’s production facility subsidy: furnish manufacturing capabilities to growing demand such as HPC and AI Kyung Kye Hyun, the head of Samsung Electronics’ semiconductor business, stated on the 22nd through his social media that the U.S. government providing Samsung Electronics with a semiconductor production facility investment subsidy according to the Semiconductor Science Act (CHIPS […]
US Housing Giant Dr. Horton Beats Estimates with Robust Profits Analysts have reported that D.R. Horton (DHI), a company that builds homes and sells building materials in the U.S., ‘s quarterly results were better than expected. D.R. Horton’s second-quarter (January-March) sales were $9.11 billion, a 14.2% increase year over year, and its net income was $1.17 billion, a 24.4% increase. Earnings per share (EPS) were […]
A 'Kneaded' Revolution: Paris Baguette's Rapid Expansion in North America To secure 150 new franchise contracts with 100 new locations this year, targeting Puerto Rico and Mexico after the United States and Canada. Paris Baguette has been thriving since the start of this year after securing nearly 30 new franchise agreements in North America in the first quarter. This brings the company closer to its […]
Saudi Aramco's Top Boss Backs China in Energy Dumping Controversy The world’s largest oil producer has stepped up to defend China against Western criticism that it dumps solar panels and electric vehicles at rock-bottom prices. According to the Financial Times (FT), Amin Nasser, CEO of Aramco, said at the World Energy Congress (WEC) held in Rotterdam, Netherlands, on the 22nd (local time), “China has greatly […]
North America Embraces Korean Rice: CJ's Bibigo Sticky Rice Sales Soar Last Year’s Cooked Sticky White Rice Sales Up 20.6% to 160 billion CJ CheilJedang’s Cooked Sticky White Rice is gaining significant popularity in North America. CJ CheilJedang announced on the 23rd that the sales of Cooked Sticky White Rice exported to North America last year increased by 20.6% compared to the same period of the […]
Kia Challenges Ford and Toyota with New Tasman Pickup Truck Kia’s first-ever pickup truck, the Tasman, has been spotted in North America following sightings in Australia. It appears to be undergoing final performance checks before its global debut next year. According to overseas test car reviewer KindelAuto, on the 23rd, Kia recently conducted a road test of the Tasman in North America. The test was […]
South Korea Faces Import Uncertainty Amid US-UK Sanctions on Russia South Korea had aluminum imports from Russia, reaching 39,100 tons in March.Marking a 45% increase in MoM, the highest level since June 2012.Anticipated to face the impact of sanctions by the US and UK,Companies such as Namsun Aluminum are in discussions. South Korea’s imports of Russian aluminum have hit a 12-year high. However, recent sanctions […]
Yen's Historic Plunge: Lowest Value Against Dollar in 34 Years The yen’s value fell to a 34-year low as the dollar-yen exchange rate surged to the threshold of 155 yen during trading. According to Kyodo News, on the 23rd, the dollar-yen exchange rate in the New York foreign exchange market the day before (local time) rose to 154.85 yen per dollar during trading. Despite joint […]
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