Melania Trump's Easter Brunch Guest Sparks VP SpeculationAxios reported on the 28th (local time) that North Dakota Governor Doug Burgum is emerging as a vice presidential candidate for Donald Trump, a Republican presidential candidate. Last month, on the 31st, celebrating Easter, Melania Trump, Trump’s wife, invited Governor Burgum and his wife to brunch at Mar-a-Lago, their private resort in Florida. Also, it […]
US Government Backs Micron with Massive $6.1B for Chip ManufacturingMicron Technology, a memory chip manufacturer, is set to receive subsidies from the U.S. government. On the 25th (local time), the U.S. government announced that it plans to provide $6.1 billion in subsidies and up to $7.5 billion in loans to aid the construction of Micron Technology’s new U.S. factory as part of a significant federal […]
Nicaragua's Financial Woes Lead to Embassy Closure in South KoreaNicaragua shuts down embassy in South Korea after 10 YearsFinancial difficulties were cited as the main reasonNumerous embassies also closed in Germany, U.S., and other locations Nicaragua has once again closed its embassy in South Korea after a decade, in contrast to its agreement to establish mutual embassies with North Korea. According to Yonhap News […]
Arms Race Alert: World Military Spending Hits Record $2.4 Trillion6.8% increase compared to the previous year, the highest since 2009The result of deploying troops for war and suppressing domestic riotsRussia accounts for 16% of the government’s total expenditureThe highest level since the dissolution of the Soviet UnionSouth Korea, moving down from 10th to 11th place Last year’s global military spending hit a record high. […]
Saudi Aramco's CEO: Global Energy Goals Need China's Low-Cost Green TechAs 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 […]
US Housing Giant Dr. Horton Beats Estimates with Robust ProfitsAnalysts 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 […]
Trump's Hush Money Trial Begins: Will it Impact His Political Future?Trump Faces 34 Charges, Tied to New York for 6 Weeks due to Trial Attendance The trial over allegations of a hush money payment to a porn star by Donald Trump officially began on the 22nd (local time). According to CNN, Judge Juan Merchan of the Manhattan Criminal Court opened the first trial and heard statements from the […]
Iran vs Israel: Fallout of a Massive Missile and Drone AttackOn the 22nd (local time), Iran, which had suggested a possible review of nuclear principles while exchanging limited attacks with Israel, drew the line on the possibility of developing nuclear weapons. According to United News, Nasir Khanani, the spokesman for the Iranian Ministry of Foreign Affairs, held a press conference that morning and stated that […]
US Secretary of State to Confront China Over Support to RussiaU.S. Secretary of State Antony Blinken to Visit Beijing and Shanghai, Meetings with Wang Yi and Others Expected U.S. Secretary of State Antony Blinken is set to visit China this week and is expected to urge the country to halt exports of military-capable components and semiconductors to Russia. According to Bloomberg on the 20th (local […]
How China's Millennials Are Driving the Luxury Market BoomChina’s luxury market is predicted to become the largest in the world. The shift in consumer trends, primarily among China’s younger population, is the main factor behind this growth. According to a report titled Inland China and Hong Kong Luxury Market released by the global consulting firm PwC China on the 21st, the Chinese luxury […]
Volkswagen's U.S. Plant Makes History: Workers Overwhelmingly Vote to Join UAW73% of voters in favor of joining the UAWSuccess in the South, where anti-union sentiment is strongMercedes-Benz Alabama factory to vote next month on 13th Workers at Volkswagen’s American factory have decided to join the United Auto Workers (UAW), according to a report by Reuters on the 19th (local time). The workers at Volkswagen’s only […]
American Express Beats Expectations with Stellar Earnings in Q1An American multinational financial services company, American Express (AXP), exceeded consensus with its first-quarter earnings. American Express’ first quarter revenue for 2024 reached $15.8 billion, a 10.6% increase yearly, and net income rose by 34.2% to $2.4 billion, surpassing market expectations. The total payment amount increased by 5.1% to $419.2 billion, and the total number […]
Tesla Slashes Prices Across Globe Amid Rising InventoryTesla cuts prices by $2000 in the US and €2000 in Europe Tesla has lowered its prices in Europe due to a surge in inventory at its Gigafactory in Grünheide (Berlin, Germany), built with the booming European electric vehicle market in mind. According to Reuters and The Guardian UK on the 21st (local time), Tesla […]
Survey Reveals: 80% of South Koreans Seek Friendly Ties with ChinaAccording to a survey, approximately 80% of South Koreans wish to maintain a friendly and cooperative relationship with China. Furthermore, over half of the respondents felt that the recent relations between South Korea and China have cooled. Online edition of Global Times’ parent media, Huanqiu Shibao./Huanqiu Shibao. On the 18th, the English edition of Global […]
Biden's Trade War: U.S. to Triple Tariffs on Chinese SteelAfter Donald Trump, President Joe Biden has also declared a substantial tariff hike on Chinese steel products and related items. As declarations and competition for protectionist measures aimed at China heighten, trade tensions between the U.S. and China are predicted to intensify. As reported by Yonhap News, President Biden visited the United Steelworkers (USW) headquarters […]
EU Leaders Unite Against Iran, Call for Tougher SanctionsEuropean Union (EU) Leaders have agreed to tighten sanctions against Iran amid escalating tensions in the Middle East over Iran’s retaliatory attack on Israel. According to Reuters on January 17 (local time), EU leaders condemned Iran’s attack and reaffirmed their support for Israel’s security at the special EU summit held in Brussels, Belgium. They also […]
Biden Soothes US Steelworkers: Pledges Tariff Hike on Chinese Imports and Reiterates Opposition to Japan's US Steel AcquisitionSimultaneously, President Biden aimed at his presidential rival, former President Donald Trump. He criticized Trump’s pledge, stating, “My predecessor (Trump) and conservative Republican lawmakers advocate for imposing comprehensive tariffs on imports from all nations,” further elaborating, “Such a policy could inflict significant harm on American consumers, potentially burdening every household with an additional $1,500 per […]
China Slashes U.S. Treasury Holdings: Set to Fall Behind UKAs China cuts its holdings of U.S. Treasuries, it is expected to drop to the third-largest holder of U.S. Treasuries after the United Kingdom. According to United News on the 18th, the U.S. Treasury Department reported on the 17th (local time) that as of the end of last February, the Chinese government’s holdings of U.S. […]
Fed Chair Powell: No Plans for Interest Rate Cut Amid Strong EconomyJerome Powell, Chair of the U.S. Federal Reserve (Fed), has scuttled the market’s hopes for a cut in the benchmark interest rate. According to the Wall Street Journal (WSJ) on the 16th (local time), Powell said at an economic forum in Washington, D.C., “Recent indicators have not given us more confidence. Rather, it suggests that […]
U.S. House Speaker Splits Security Aid Package for Israel and Ukraine into Four Separate PackagesSecurity aid package split to Israel, Ukraine, Taiwan, and othersTransition from unified support to separate supportUnderscores the difference between long-time ally Israel and Ukraine A massive security package, which has become a top priority in the U.S. Congress in the wake of Iranian attacks on Israel, is expected to be split into four parts. According […]
Melania Trump's Easter Brunch Guest Sparks VP Speculation Axios reported on the 28th (local time) that North Dakota Governor Doug Burgum is emerging as a vice presidential candidate for Donald Trump, a Republican presidential candidate. Last month, on the 31st, celebrating Easter, Melania Trump, Trump’s wife, invited Governor Burgum and his wife to brunch at Mar-a-Lago, their private resort in Florida. Also, it […]
US Government Backs Micron with Massive $6.1B for Chip Manufacturing Micron Technology, a memory chip manufacturer, is set to receive subsidies from the U.S. government. On the 25th (local time), the U.S. government announced that it plans to provide $6.1 billion in subsidies and up to $7.5 billion in loans to aid the construction of Micron Technology’s new U.S. factory as part of a significant federal […]
Nicaragua's Financial Woes Lead to Embassy Closure in South Korea Nicaragua shuts down embassy in South Korea after 10 YearsFinancial difficulties were cited as the main reasonNumerous embassies also closed in Germany, U.S., and other locations Nicaragua has once again closed its embassy in South Korea after a decade, in contrast to its agreement to establish mutual embassies with North Korea. According to Yonhap News […]
Arms Race Alert: World Military Spending Hits Record $2.4 Trillion 6.8% increase compared to the previous year, the highest since 2009The result of deploying troops for war and suppressing domestic riotsRussia accounts for 16% of the government’s total expenditureThe highest level since the dissolution of the Soviet UnionSouth Korea, moving down from 10th to 11th place Last year’s global military spending hit a record high. […]
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 […]
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 […]
Trump's Hush Money Trial Begins: Will it Impact His Political Future? Trump Faces 34 Charges, Tied to New York for 6 Weeks due to Trial Attendance The trial over allegations of a hush money payment to a porn star by Donald Trump officially began on the 22nd (local time). According to CNN, Judge Juan Merchan of the Manhattan Criminal Court opened the first trial and heard statements from the […]
Iran vs Israel: Fallout of a Massive Missile and Drone Attack On the 22nd (local time), Iran, which had suggested a possible review of nuclear principles while exchanging limited attacks with Israel, drew the line on the possibility of developing nuclear weapons. According to United News, Nasir Khanani, the spokesman for the Iranian Ministry of Foreign Affairs, held a press conference that morning and stated that […]
US Secretary of State to Confront China Over Support to Russia U.S. Secretary of State Antony Blinken to Visit Beijing and Shanghai, Meetings with Wang Yi and Others Expected U.S. Secretary of State Antony Blinken is set to visit China this week and is expected to urge the country to halt exports of military-capable components and semiconductors to Russia. According to Bloomberg on the 20th (local […]
How China's Millennials Are Driving the Luxury Market Boom China’s luxury market is predicted to become the largest in the world. The shift in consumer trends, primarily among China’s younger population, is the main factor behind this growth. According to a report titled Inland China and Hong Kong Luxury Market released by the global consulting firm PwC China on the 21st, the Chinese luxury […]
Volkswagen's U.S. Plant Makes History: Workers Overwhelmingly Vote to Join UAW 73% of voters in favor of joining the UAWSuccess in the South, where anti-union sentiment is strongMercedes-Benz Alabama factory to vote next month on 13th Workers at Volkswagen’s American factory have decided to join the United Auto Workers (UAW), according to a report by Reuters on the 19th (local time). The workers at Volkswagen’s only […]
American Express Beats Expectations with Stellar Earnings in Q1 An American multinational financial services company, American Express (AXP), exceeded consensus with its first-quarter earnings. American Express’ first quarter revenue for 2024 reached $15.8 billion, a 10.6% increase yearly, and net income rose by 34.2% to $2.4 billion, surpassing market expectations. The total payment amount increased by 5.1% to $419.2 billion, and the total number […]
Tesla Slashes Prices Across Globe Amid Rising Inventory Tesla cuts prices by $2000 in the US and €2000 in Europe Tesla has lowered its prices in Europe due to a surge in inventory at its Gigafactory in Grünheide (Berlin, Germany), built with the booming European electric vehicle market in mind. According to Reuters and The Guardian UK on the 21st (local time), Tesla […]
Survey Reveals: 80% of South Koreans Seek Friendly Ties with China According to a survey, approximately 80% of South Koreans wish to maintain a friendly and cooperative relationship with China. Furthermore, over half of the respondents felt that the recent relations between South Korea and China have cooled. Online edition of Global Times’ parent media, Huanqiu Shibao./Huanqiu Shibao. On the 18th, the English edition of Global […]
Biden's Trade War: U.S. to Triple Tariffs on Chinese Steel After Donald Trump, President Joe Biden has also declared a substantial tariff hike on Chinese steel products and related items. As declarations and competition for protectionist measures aimed at China heighten, trade tensions between the U.S. and China are predicted to intensify. As reported by Yonhap News, President Biden visited the United Steelworkers (USW) headquarters […]
EU Leaders Unite Against Iran, Call for Tougher Sanctions European Union (EU) Leaders have agreed to tighten sanctions against Iran amid escalating tensions in the Middle East over Iran’s retaliatory attack on Israel. According to Reuters on January 17 (local time), EU leaders condemned Iran’s attack and reaffirmed their support for Israel’s security at the special EU summit held in Brussels, Belgium. They also […]
Biden Soothes US Steelworkers: Pledges Tariff Hike on Chinese Imports and Reiterates Opposition to Japan's US Steel Acquisition Simultaneously, President Biden aimed at his presidential rival, former President Donald Trump. He criticized Trump’s pledge, stating, “My predecessor (Trump) and conservative Republican lawmakers advocate for imposing comprehensive tariffs on imports from all nations,” further elaborating, “Such a policy could inflict significant harm on American consumers, potentially burdening every household with an additional $1,500 per […]
China Slashes U.S. Treasury Holdings: Set to Fall Behind UK As China cuts its holdings of U.S. Treasuries, it is expected to drop to the third-largest holder of U.S. Treasuries after the United Kingdom. According to United News on the 18th, the U.S. Treasury Department reported on the 17th (local time) that as of the end of last February, the Chinese government’s holdings of U.S. […]
Fed Chair Powell: No Plans for Interest Rate Cut Amid Strong Economy Jerome Powell, Chair of the U.S. Federal Reserve (Fed), has scuttled the market’s hopes for a cut in the benchmark interest rate. According to the Wall Street Journal (WSJ) on the 16th (local time), Powell said at an economic forum in Washington, D.C., “Recent indicators have not given us more confidence. Rather, it suggests that […]
U.S. House Speaker Splits Security Aid Package for Israel and Ukraine into Four Separate Packages Security aid package split to Israel, Ukraine, Taiwan, and othersTransition from unified support to separate supportUnderscores the difference between long-time ally Israel and Ukraine A massive security package, which has become a top priority in the U.S. Congress in the wake of Iranian attacks on Israel, is expected to be split into four parts. According […]
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