Xiaomi Sparks Electric Car Price War in China Xiaomi’s electric vehicle SU7 priced at around $33,000Price reduction for Nio’s luxury SUV after announcementXiaopeng lowered the price of P7i’s top model The Chinese electric vehicle market has plunged into a full-scale price war. Starting with Xiaomi, competing brands are reducing prices one after another. On the 31st, Yonhap News reported, citing Chinese economic media […]
Europe's Gas Lifeline at Risk: Ukraine Dispute Threatens Supply Russia’s state-owned gas company, Gazprom, has supplied more than 40 million cubic meters (1.4 billion cubic feet) of gas to Europe daily. The company has been utilizing the gas pipeline in Sudzha, Ukraine, which has been the only route available since the closure of the Nord Stream pipeline. However, concerns have been raised that the […]
Inside George Soros' Portfolio: His Top 8 Stock Picks The top eight stocks held by George Soros, often referred to as a legend in hedge funds, have been revealed. According to Yahoo Finance on the 30th, George Soros’s top eight stocks in his portfolio are Liberty Broadband Corporation, CRH, American Equity Investment Life Holding Company, Amazon, Booking Holdings, Jacobs Solutions, Uber Technologies, and Accenture. […]
9 Noteworthy Stocks in Bill Gates' Portfolio Walmart, FedEx, and Schrödinger are included Nine notable stocks from billionaire Bill Gates’ portfolio have been revealed. According to Yahoo Finance on the 30th, the nine stocks are Caterpillar, Deere & Company, Ecolab, Coca-Cola Femsa S.A.B., Walmart, FedEx Corporation, Waste Connections, Schrödinger, and Crown Castle International. Gates holds a stake in Caterpillar, a construction machinery […]
AT&T Resets Passwords for Millions: Customers Alerted to Data Breach AT&T has recently begun to notify millions of customers about personal data theft that has been discovered online. AT&T announced on the 30th (local time) that sets of data found on the dark web include personal information such as the social security numbers of about 76 million current AT&T account owners and about 65.4 million […]
Canada Tightens Review of Foreign Investment in AI and Quantum Computing [TheGuru=Sungil Hong] The Canadian government is strengthening its review of foreign capital investments. The move is being analyzed as a step in line with the United States' efforts to curb China. According to industry reports on the 31st, the Canadian government has decided to conduct a strict review of foreign investment proposals in sensitive sectors. The Canadian government released a statement to that effect on Sept. 26 (local time). The move is in response to the recent amendments to the Investment Canada Act. The revised Investment Canada Act requires foreign companies that want to acquire companies in sensitive sectors to notify the Canadian government before the deal is finalized. The sensitive sectors identified by the Canadian government include artificial intelligence (AI), quantum computing, and space technology. Under the enhanced measures, the Canadian government can restrict access to foreign investors seeking to acquire companies in these sectors during the review period. Even if the acquisition is finalized, investors may not have access to the acquired company's data and assets. China has been blamed for the Canadian government's tightening of the review process, which had been open to foreign investment. In fact, last year, the Canadian government ordered Chinese investors to divest their stakes in three lithium companies. Industry analysts believe that Canada is following in the footsteps of the United States, which is wary of China's growing influence. The Canadian government has also mentioned the possibility of expanding the scope of the regulation to other sectors in the future, so the scope of the regulation will be closely watched...
Goldman Sachs Predicts $32 Billion Stock Sell-Off by US Pension Funds Global investment bank Goldman Sachs has projected a massive stock sell-off by U.S. pension funds, interpreted as a portfolio readjustment. Analysts from Goldman Sachs’ FICC (Fixed Income, Currency, and Commodities) and Equity team stated on the 31st (local time) through an investment note that “We expect pension funds to sell off stocks worth $32 billion […]
Xinhua Denies Speculations of Foreign Investment Decline in China [TheGuru=Hong Seong-hwan] China's state-run Xinhua News Agency has refuted speculation that foreign companies are pulling out of China. According to the Korea Institute for Foreign Economic Policy, Xinhua refuted the pullout theory in a commentary on Nov. 21, citing the increasing number of stores in China by large food and beverage companies such as KFC, McDonald's, and Starbucks, Apple's announcement of plans to invest more in the country, GE Healthcare's doubling of R&D investment in China, and AstraZeneca's announcement of a $475 million investment plan. "Foreign capital shows that China is still a fertile ground for foreign investment and business," Xinhua said, "proving that the exaggerated claims by some Western media that there are no more opportunities in the Chinese market are not true." "The State Council issued the 'Action Plan for Expanding the Attraction and Utilization of Foreign Capital through Higher Openness to the World' to expand the market access of foreign capital and increase the degree of freedom for foreign investment, demonstrating China's willingness and action to share development opportunities with the world," Xinhua said. According to the "International Balance of Payments for 2023" released by the State Administration of Foreign Exchange on March 18, foreign direct investment in China totaled $30 billion last year. That's down 82 percent from the previous year. The $27.5 billion was the lowest level since 1993, when it was recorded, Bloomberg analyzed. It's less than a tenth of the $344.1 billion in 2021, when it peaked...
Elon Musk's X Ventures into Adult Content: Testing NSFW Feature X (formerly Twitter), a social networking service, is testing a community feature focused on adult content or inappropriate posts that are sexual or violent (Not Safe For Work·NSFW), Bloomberg reported on the 29th. A researcher from Watchful, an app development tracking company, recently revealed screenshots indicating that X is developing this feature. According to Watchful, […]
Adapting to Shifting Consumer Patterns: The Trend Towards Small-Scale Store Expansion in the U.S. The retail industry in the United States continues to expand small-scale stores. Analysis suggests that retail companies are responding to changed consumer purchasing patterns amid the COVID-19 pandemic. According to KOTRA, on the 30th, Whole Foods Market, a large organic supermarket chain in the US, plans to open a new small-scale store called Whole Foods […]
U.S. Auto Industry: Eased EV Distribution Goal 'Still Difficult to Achieve' On the 27th, the Alliance for Automotive Innovation, a group in the U.S. auto industry, referred to the final goal of electric vehicle distribution, which the Biden administration decided as part of the climate change measures, as a “very difficult goal.” Although this is a milder version of the original regulation proposal, the U.S. auto […]
Tesla's Self-Driving Feature Trial Offer, Prediction of Net Income Up 21% Tesla’s decision to offer new electric vehicle buyers the opportunity to experience its advanced driving assistance technology, FSD (Full Self-Driving), is receiving positive reviews. As the proportion of FSD subscribers continues to increase, it can significantly contribute to Tesla’s revenue and net profit growth. According to the investment journal The Street on the 28th, Elon […]
Netmarble’s U.S. Subsidiary Jam City Hires Additional Employees in the U.S. And Uruguay Additional hiring amid mass layoffs in the global gaming industry Jam City, the United States subsidiary of Netmarble, is on a hiring spree in the U.S. and Uruguay despite the storm of massive layoffs sweeping the global gaming industry. The company’s expansion of its workforce is drawing attention. According to industry sources, on the 29th, […]
Chinese Automakers Rising: BYD's Strategy to Overhaul the Market On March 27, 2024, the Chinese automaker BYD conducted an investor meeting where it made several announcements regarding next-generation technologies and sales targets. During the meeting, BYD revealed its plan to launch the 5th generation of DM (Dual Mode) hybrid technology in May. This technology reduces fuel consumption to 2.9 liters per 100km (around 81 […]
China's BYD Hits a High: Records $4 Billion Profit Amid EV Boom BYD, China's largest electric vehicle company, posted record operating profit last year. BYD's revenue last year was CNY602.15 billion (USD11.17 trillion), up 42.04% year-on-year, and operating profit was CNY30.41 billion (USD5.6 trillion), up 8 China's largest electric vehicle company BYD achieved record operating profit last year. BYD's revenue last year was CNY602.15 billion (USD11.17 trillion), an increase of 42...
Smilegate Barcelona Closes With All Employees Laid Off Smilegate’s first overseas game development studio, Smilegate Barcelona, has closed its doors. The global gaming industry’s restructuring winds are also affecting Korean game companies. Stephane Blais, former World Director of Smilegate Barcelona, announced on LinkedIn on the 27th (local time) that “Smilegate Barcelona is closing its doors. All staff are being laid off.” Edouard Albert, […]
China's Real Estate Struggles Deepen, Beijing Allows Home Purchases Through Sham Divorce Regulation of restricting home purchase for 3 years after divorceAttempting to encourage purchases by quietly abolishingChina’s January-February new home sales were 12.7% lower than in at the time of the pandemic China mired in a real estate slump and quietly removed a regulation that banned the purchase of new homes for three years after a […]
There's a Reason for the Sudden Spike in Dogecoin and Bitcoin Cash Prices The reasons behind the rise of Dogecoin (DOGE) and Bitcoin Cash (BCH) are garnering attention. As of 11:05 a.m. on the 28th, Dogecoin was trading at $0.21, up 10.81% from 24 hours ago, and Bitcoin Cash was trading at $582.44, up 12.34% on Bithumb. Dogecoin rose to $0.22, and Bitcoin Cash rose to $591. The […]
Citigroup: More Cuts Expected as Part of Global Reorganization [AlphaEconomy=(Chicago) Paul Lee Correspondent] Citigroup's major restructuring is nearing completion...
Moderna Secures $750 Million in Funding to Develop a Flu Vaccine, Backed by Blackstone Life Sciences Moderna is developing a flu vaccine with an investment from Blackstone Life Sciences, a Blackstone life science investment platform. On the 27th (local time), Moderna announced that it had signed a $750 million financing agreement with Blackstone Life Sciences to develop an mRNA flu vaccine. Moderna stated that Blackstone Life Sciences will receive commercial milestone […]
Xiaomi Sparks Electric Car Price War in China Xiaomi’s electric vehicle SU7 priced at around $33,000Price reduction for Nio’s luxury SUV after announcementXiaopeng lowered the price of P7i’s top model The Chinese electric vehicle market has plunged into a full-scale price war. Starting with Xiaomi, competing brands are reducing prices one after another. On the 31st, Yonhap News reported, citing Chinese economic media […]
Europe's Gas Lifeline at Risk: Ukraine Dispute Threatens Supply Russia’s state-owned gas company, Gazprom, has supplied more than 40 million cubic meters (1.4 billion cubic feet) of gas to Europe daily. The company has been utilizing the gas pipeline in Sudzha, Ukraine, which has been the only route available since the closure of the Nord Stream pipeline. However, concerns have been raised that the […]
Inside George Soros' Portfolio: His Top 8 Stock Picks The top eight stocks held by George Soros, often referred to as a legend in hedge funds, have been revealed. According to Yahoo Finance on the 30th, George Soros’s top eight stocks in his portfolio are Liberty Broadband Corporation, CRH, American Equity Investment Life Holding Company, Amazon, Booking Holdings, Jacobs Solutions, Uber Technologies, and Accenture. […]
9 Noteworthy Stocks in Bill Gates' Portfolio Walmart, FedEx, and Schrödinger are included Nine notable stocks from billionaire Bill Gates’ portfolio have been revealed. According to Yahoo Finance on the 30th, the nine stocks are Caterpillar, Deere & Company, Ecolab, Coca-Cola Femsa S.A.B., Walmart, FedEx Corporation, Waste Connections, Schrödinger, and Crown Castle International. Gates holds a stake in Caterpillar, a construction machinery […]
AT&T Resets Passwords for Millions: Customers Alerted to Data Breach AT&T has recently begun to notify millions of customers about personal data theft that has been discovered online. AT&T announced on the 30th (local time) that sets of data found on the dark web include personal information such as the social security numbers of about 76 million current AT&T account owners and about 65.4 million […]
Canada Tightens Review of Foreign Investment in AI and Quantum Computing [TheGuru=Sungil Hong] The Canadian government is strengthening its review of foreign capital investments. The move is being analyzed as a step in line with the United States' efforts to curb China. According to industry reports on the 31st, the Canadian government has decided to conduct a strict review of foreign investment proposals in sensitive sectors. The Canadian government released a statement to that effect on Sept. 26 (local time). The move is in response to the recent amendments to the Investment Canada Act. The revised Investment Canada Act requires foreign companies that want to acquire companies in sensitive sectors to notify the Canadian government before the deal is finalized. The sensitive sectors identified by the Canadian government include artificial intelligence (AI), quantum computing, and space technology. Under the enhanced measures, the Canadian government can restrict access to foreign investors seeking to acquire companies in these sectors during the review period. Even if the acquisition is finalized, investors may not have access to the acquired company's data and assets. China has been blamed for the Canadian government's tightening of the review process, which had been open to foreign investment. In fact, last year, the Canadian government ordered Chinese investors to divest their stakes in three lithium companies. Industry analysts believe that Canada is following in the footsteps of the United States, which is wary of China's growing influence. The Canadian government has also mentioned the possibility of expanding the scope of the regulation to other sectors in the future, so the scope of the regulation will be closely watched...
Goldman Sachs Predicts $32 Billion Stock Sell-Off by US Pension Funds Global investment bank Goldman Sachs has projected a massive stock sell-off by U.S. pension funds, interpreted as a portfolio readjustment. Analysts from Goldman Sachs’ FICC (Fixed Income, Currency, and Commodities) and Equity team stated on the 31st (local time) through an investment note that “We expect pension funds to sell off stocks worth $32 billion […]
Xinhua Denies Speculations of Foreign Investment Decline in China [TheGuru=Hong Seong-hwan] China's state-run Xinhua News Agency has refuted speculation that foreign companies are pulling out of China. According to the Korea Institute for Foreign Economic Policy, Xinhua refuted the pullout theory in a commentary on Nov. 21, citing the increasing number of stores in China by large food and beverage companies such as KFC, McDonald's, and Starbucks, Apple's announcement of plans to invest more in the country, GE Healthcare's doubling of R&D investment in China, and AstraZeneca's announcement of a $475 million investment plan. "Foreign capital shows that China is still a fertile ground for foreign investment and business," Xinhua said, "proving that the exaggerated claims by some Western media that there are no more opportunities in the Chinese market are not true." "The State Council issued the 'Action Plan for Expanding the Attraction and Utilization of Foreign Capital through Higher Openness to the World' to expand the market access of foreign capital and increase the degree of freedom for foreign investment, demonstrating China's willingness and action to share development opportunities with the world," Xinhua said. According to the "International Balance of Payments for 2023" released by the State Administration of Foreign Exchange on March 18, foreign direct investment in China totaled $30 billion last year. That's down 82 percent from the previous year. The $27.5 billion was the lowest level since 1993, when it was recorded, Bloomberg analyzed. It's less than a tenth of the $344.1 billion in 2021, when it peaked...
Elon Musk's X Ventures into Adult Content: Testing NSFW Feature X (formerly Twitter), a social networking service, is testing a community feature focused on adult content or inappropriate posts that are sexual or violent (Not Safe For Work·NSFW), Bloomberg reported on the 29th. A researcher from Watchful, an app development tracking company, recently revealed screenshots indicating that X is developing this feature. According to Watchful, […]
Adapting to Shifting Consumer Patterns: The Trend Towards Small-Scale Store Expansion in the U.S. The retail industry in the United States continues to expand small-scale stores. Analysis suggests that retail companies are responding to changed consumer purchasing patterns amid the COVID-19 pandemic. According to KOTRA, on the 30th, Whole Foods Market, a large organic supermarket chain in the US, plans to open a new small-scale store called Whole Foods […]
U.S. Auto Industry: Eased EV Distribution Goal 'Still Difficult to Achieve' On the 27th, the Alliance for Automotive Innovation, a group in the U.S. auto industry, referred to the final goal of electric vehicle distribution, which the Biden administration decided as part of the climate change measures, as a “very difficult goal.” Although this is a milder version of the original regulation proposal, the U.S. auto […]
Tesla's Self-Driving Feature Trial Offer, Prediction of Net Income Up 21% Tesla’s decision to offer new electric vehicle buyers the opportunity to experience its advanced driving assistance technology, FSD (Full Self-Driving), is receiving positive reviews. As the proportion of FSD subscribers continues to increase, it can significantly contribute to Tesla’s revenue and net profit growth. According to the investment journal The Street on the 28th, Elon […]
Netmarble’s U.S. Subsidiary Jam City Hires Additional Employees in the U.S. And Uruguay Additional hiring amid mass layoffs in the global gaming industry Jam City, the United States subsidiary of Netmarble, is on a hiring spree in the U.S. and Uruguay despite the storm of massive layoffs sweeping the global gaming industry. The company’s expansion of its workforce is drawing attention. According to industry sources, on the 29th, […]
Chinese Automakers Rising: BYD's Strategy to Overhaul the Market On March 27, 2024, the Chinese automaker BYD conducted an investor meeting where it made several announcements regarding next-generation technologies and sales targets. During the meeting, BYD revealed its plan to launch the 5th generation of DM (Dual Mode) hybrid technology in May. This technology reduces fuel consumption to 2.9 liters per 100km (around 81 […]
China's BYD Hits a High: Records $4 Billion Profit Amid EV Boom BYD, China's largest electric vehicle company, posted record operating profit last year. BYD's revenue last year was CNY602.15 billion (USD11.17 trillion), up 42.04% year-on-year, and operating profit was CNY30.41 billion (USD5.6 trillion), up 8 China's largest electric vehicle company BYD achieved record operating profit last year. BYD's revenue last year was CNY602.15 billion (USD11.17 trillion), an increase of 42...
Smilegate Barcelona Closes With All Employees Laid Off Smilegate’s first overseas game development studio, Smilegate Barcelona, has closed its doors. The global gaming industry’s restructuring winds are also affecting Korean game companies. Stephane Blais, former World Director of Smilegate Barcelona, announced on LinkedIn on the 27th (local time) that “Smilegate Barcelona is closing its doors. All staff are being laid off.” Edouard Albert, […]
China's Real Estate Struggles Deepen, Beijing Allows Home Purchases Through Sham Divorce Regulation of restricting home purchase for 3 years after divorceAttempting to encourage purchases by quietly abolishingChina’s January-February new home sales were 12.7% lower than in at the time of the pandemic China mired in a real estate slump and quietly removed a regulation that banned the purchase of new homes for three years after a […]
There's a Reason for the Sudden Spike in Dogecoin and Bitcoin Cash Prices The reasons behind the rise of Dogecoin (DOGE) and Bitcoin Cash (BCH) are garnering attention. As of 11:05 a.m. on the 28th, Dogecoin was trading at $0.21, up 10.81% from 24 hours ago, and Bitcoin Cash was trading at $582.44, up 12.34% on Bithumb. Dogecoin rose to $0.22, and Bitcoin Cash rose to $591. The […]
Citigroup: More Cuts Expected as Part of Global Reorganization [AlphaEconomy=(Chicago) Paul Lee Correspondent] Citigroup's major restructuring is nearing completion...
Moderna Secures $750 Million in Funding to Develop a Flu Vaccine, Backed by Blackstone Life Sciences Moderna is developing a flu vaccine with an investment from Blackstone Life Sciences, a Blackstone life science investment platform. On the 27th (local time), Moderna announced that it had signed a $750 million financing agreement with Blackstone Life Sciences to develop an mRNA flu vaccine. Moderna stated that Blackstone Life Sciences will receive commercial milestone […]
Hot Topics