China Surges Ahead as Saudi Arabia's Top Greenfield InvestorChina emerges as the largest greenfield investor China emerged as Saudi Arabia’s largest greenfield investment country last year. This signifies a deepening relationship between the two nations. According to the Institute for International Economic Policy, on the 10th, China invested $16.8 billion in Saudi Arabia last year, securing its position as a major greenfield foreign […]
EU and U.S. Unite Against China's Market DistortionUrsula von der Leyen calls for a tough stance on ChinaGerman Chancellor Scholz set to visit China from 14th to 16thChina refutes, “US pays subsidies through IRA” Following U.S. Treasury Secretary Janet Yellen’s criticism of China’s overproduction, Ursula von der Leyen, President of the European Commission, has expressed a firm stance against China’s unfair trade […]
China's Economic Outlook Darkens as Fitch Downgrades Its Credit RatingAP and Yonhap Fitch, an international credit rating agency, has downgraded China’s national credit rating outlook. The agency cited the country’s struggle to extricate itself from a real estate-driven economic crisis. According to Bloomberg News, on the 10th, Fitch downgraded China’s national credit rating outlook from stable to negative. Fitch explained the reason for the […]
Italy to Invest $1.1 Billion in AI Over the Next Five YearsItaly is moving towards becoming an economic powerhouse through investments in AI and cybersecurity. On the 8th (local time), Italy’s state-run lending institution announced that the venture capital division of the Italian Cassa Depositors’ Association (Cassa Depositi e Prestiti, CDP) would invest 1 billion euros ($1.1 billion) in AI and cybersecurity over the next five […]
Eclipse Fever: U.S. Economy to Gain Billions from Solar EventAs the United States approaches its first total solar eclipse in seven years, the American economy is experiencing an effect similar to the “Swift Effect,” termed the “Eclipse Effect.” According to CBS News on the 6th (local time), the economic analysis firm Perryman Group predicted that the solar eclipse scheduled for the 8th would generate […]
Trump's Potential Return: A Boost for AI and Bio Industries?Predictions suggest that if former U.S. President Donald Trump wins the upcoming November election, the U.S. government will actively invest subsidies in strategic industries such as artificial intelligence (AI) and biotechnology. If Trump’s second administration becomes a reality, it is anticipated that it will bolster strategic decoupling from China further, viewing it as a competitor […]
US Bolsters Semiconductor Production with Massive TSMC FundingThe U.S. government has announced it will provide up to $6.6 billion in support to the Taiwanese semiconductor company TSMC. On the 8th (local time), the U.S. Department of Commerce pledged to provide up to $6.6 billion to expand the facilities that TSMC is constructing in Arizona and to enable the production of cutting-edge semiconductors […]
Paramount Global Considers Potential Acquisition of Skydance for $5 BillionA major media corporation is seemingly considering the acquisition of an independent studio. The Wall Street Journal reported on the 6th that Paramount is poised to acquire Skydance for approximately $5 billion. Reuters reported that Paramount’s board members have opted for exclusive merger negotiations with the independent studio Skydance Media rather than a $26 billion […]
Saudi Arabia's Futuristic City Dream Faces Reality CheckThe Saudi Arabian government is expected to slow down the development of the Neom City project, a key initiative of Crown Prince Mohammed bin Salman. This has diminished expectations for a construction boom in our industry. Bloomberg reported on the 8th, citing sources, “Saudi Arabia has scaled back the midterm goals for Neom City, the […]
Yellen Warns of Global Economic Threat from China's OverproductionU.S. Treasury Secretary Janet Yellen has started her visit to China, raising concerns about the overproduction capacity of Chinese manufacturing. According to Bloomberg News, on the 5th, Secretary Yellen arrived in Guangzhou, southern China, the previous afternoon. This is her first visit to China in seven months since July last year. During her visit, which […]
Alibaba's Chairman Daniel Zhang: 'We're Changing Global Perception'“Alibaba is not just a company trying to monopolize the market with cheap Chinese products. We are a global business, and we believe it’s important to change consumers’ perception worldwide.” According to the Chinese IT media outlet ZAKER on the 4th, Daniel Zhang, the chairman of China’s largest e-commerce company, Alibaba, made this statement in […]
Samsung Wins Over Netlist in U.S. Patent BattleAfter disputes over memory semiconductor module patentsAll five cases raised by Netlist invalidated Samsung Electronics has won a patent invalidation lawsuit against American semiconductor company Netlist over memory semiconductor module patents. According to industry sources, on the 4th, the U.S. Patent Trial and Appeal Board (PTAB) ruled in favor of Samsung Electronics in two patent […]
Inflation-Driven Gold Rush: Price per Ounce Breaches $2300 for the First TimeAs expectations grew that U.S. inflation would not easily slow down, the price of gold futures broke through $2300 per ounce for the first time on March 3rd. On this day, the closing price of gold futures for June delivery on the New York Mercantile Exchange recorded $2315.0 per ounce, up $33.2 (1.5%) from the […]
China's $5 Trillion Evaporation: India Rises to Fourth Largest MarketOver the past three years, nearly $5 trillion has evaporated from the combined market capitalization of mainland China and Hong Kong. The market is significantly shrinking as global investors’ trust fails to recover. In contrast, the Indian stock market, classified as an emerging market, has risen to the world’s fourth-largest market over the last eight […]
Airbus Workers in Canada Propose New Deal, Company Willing to NegotiateAirbus Canada factory workers are proposing another negotiation. According to an official, amidst declining productivity at the Montreal factory, which is gearing up to increase the assembly of Airbus’s smallest commercial jet, they were considering a new contract proposal by Airbus workers. According to Reuters, Airbus and the union failed to reach an agreement after […]
Citigroup's NYC Layoffs: 430 Employees to Go in JuneCitigroup is now embarking on a massive layoff in New York. On the 1st, Citigroup announced in documents submitted to the Department of Labor that it would lay off 430 employees across multiple departments in New York. According to the documents, the layoffs will target 363 Citibank employees and include employees from the technology and […]
Think Tanks From Five Countries Predict China to Overtake U.S. as World's Largest Economy by 2035Competing with the United States for global economic dominance, China is expected to surpass the U.S. GDP by around 2035. However, achieving this goal requires maintaining an annual growth rate of about 5%, with a minimum of 4%, making it challenging. On the 1st, China’s Global Times reported, according to a joint research report by […]
Inside George Soros' Portfolio: His Top 8 Stock PicksThe 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' PortfolioWalmart, 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 […]
Goldman Sachs Predicts $32 Billion Stock Sell-Off by US Pension FundsGlobal 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 […]
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