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 […]
AI Drones Threatening Energy Markets, Ukraine Attack Disrupts Russian Oil ProductionUkraine attacks 18 Russian refineries this yearIncreased use of AI-equipped dronesConcerns grow among oil-importing countries like China and India CNBC reported on the 14th (local time) that Artificial intelligence (AI) drones are disrupting energy markets as Ukraine’s intensified attacks on Russian refineries continue. According to JP Morgan, drones launched from Ukraine have attacked 18 Russian […]
Gold Prices on a Roller Coaster Ride in the Midst of Middle East StrifeDespite Iran’s unprecedented attack on Israel last weekend, gold prices dipped below last week’s peak. As the Middle East conflict entered a dangerous new phase, gold prices rose by 1.2% on the 15th (local time) but lost most gains. Gold prices broke through $2400 per ounce on Friday but ended the trading day in a […]
China's Population Crisis: A Threat to Its Economic Supremacy?Elderly population expected to reach 38% by 2050Retirement age at 60, the world’s lowestThe Hukou System hinders economic growthUrbanization rate must reach 75-80% As China faces complex issues of economic slowdown, low birth rate, and aging population, its status as the world’s second-largest economy is wavering. The Economist recently introduced a solution for China’s population crisis. […]
LE SSERAFIM's 'Smart' and 'Easy' Show Unfading Popularity on SpotifyK-pop girl group LE SSERAFIM has surged on Spotify’s Global Chart. According to the latest Daily Top Songs Global released by Spotify on April 15th (Korean time) for April 14th, LE SSERAFIM (members Kim Chae Won, Sakura, Heo Yun Jin, Kazuha, Hong Eun Chae) saw their track “Smart” from their third mini-album climb 32 spots […]
Scholz in China: A Diplomatic Move to Address Trade Disputes and Ukraine CrisisGerman Chancellor Olaf Scholz made his second visit to China after taking office. During his stay, Chancellor Scholz is expected to discuss trade conflicts and the war in Ukraine with Chinese President Xi Jinping. According to Bloomberg, on the 14th, Chancellor Scholz entered China through Chongqing. CEOs from Siemens, Bayer, Merck, BMW, and Mercedes-Benz accompanied […]
From the Oval Office to the Courtroom: Trump's Unprecedented TrialTrump to appear in court 4 days a week for a month and a halfFacing 34 counts of charge, each carrying a maximum of 4 years in prison The trial for former President Donald Trump, who has been criminally charged for paying hush money to a porn star to silence her sexual allegations before the […]
Ukraine to Purchase Chinese DronesU.S. drones cost thousands of dollars more per unitDevelopment limitations due to compliance with communication standardsBan on Chinese components hinders performance As the Russia-Ukraine war turns into a drone battlefield with drones being actively used, Ukraine is extensively using Chinese drones that are superior in terms of price and performance compared to American ones, according […]
U.S.-South Korea Collaborate with International Community to Address North Korean-Russian Military CooperationIntegrated Defense Dialogue between U.S. and South Korea held in the U.S.Global response to North Korean-Russian military tiesU.S. vows full defense, including nuclear attacks, to defend North Korea The U.S. and South Korea have agreed to jointly respond to North Korea’s nuclear threat while addressing North Korean-Russian military cooperation through international coordination. According to the defense […]
Fear of Iran's Response to Israel Sends Oil Prices SkyrocketingWest Texas Intermediate (WTI) crude oil prices have surged once again. On the 10th (local time), the news that the United States and its allies are reporting an imminent primary missile or drone attack by Iran on Israeli military and government targets quickly reversed a previous drop in oil prices, leading to a sharp increase. […]
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 […]
AI Drones Threatening Energy Markets, Ukraine Attack Disrupts Russian Oil Production Ukraine attacks 18 Russian refineries this yearIncreased use of AI-equipped dronesConcerns grow among oil-importing countries like China and India CNBC reported on the 14th (local time) that Artificial intelligence (AI) drones are disrupting energy markets as Ukraine’s intensified attacks on Russian refineries continue. According to JP Morgan, drones launched from Ukraine have attacked 18 Russian […]
Gold Prices on a Roller Coaster Ride in the Midst of Middle East Strife Despite Iran’s unprecedented attack on Israel last weekend, gold prices dipped below last week’s peak. As the Middle East conflict entered a dangerous new phase, gold prices rose by 1.2% on the 15th (local time) but lost most gains. Gold prices broke through $2400 per ounce on Friday but ended the trading day in a […]
China's Population Crisis: A Threat to Its Economic Supremacy? Elderly population expected to reach 38% by 2050Retirement age at 60, the world’s lowestThe Hukou System hinders economic growthUrbanization rate must reach 75-80% As China faces complex issues of economic slowdown, low birth rate, and aging population, its status as the world’s second-largest economy is wavering. The Economist recently introduced a solution for China’s population crisis. […]
LE SSERAFIM's 'Smart' and 'Easy' Show Unfading Popularity on Spotify K-pop girl group LE SSERAFIM has surged on Spotify’s Global Chart. According to the latest Daily Top Songs Global released by Spotify on April 15th (Korean time) for April 14th, LE SSERAFIM (members Kim Chae Won, Sakura, Heo Yun Jin, Kazuha, Hong Eun Chae) saw their track “Smart” from their third mini-album climb 32 spots […]
Scholz in China: A Diplomatic Move to Address Trade Disputes and Ukraine Crisis German Chancellor Olaf Scholz made his second visit to China after taking office. During his stay, Chancellor Scholz is expected to discuss trade conflicts and the war in Ukraine with Chinese President Xi Jinping. According to Bloomberg, on the 14th, Chancellor Scholz entered China through Chongqing. CEOs from Siemens, Bayer, Merck, BMW, and Mercedes-Benz accompanied […]
From the Oval Office to the Courtroom: Trump's Unprecedented Trial Trump to appear in court 4 days a week for a month and a halfFacing 34 counts of charge, each carrying a maximum of 4 years in prison The trial for former President Donald Trump, who has been criminally charged for paying hush money to a porn star to silence her sexual allegations before the […]
Ukraine to Purchase Chinese Drones U.S. drones cost thousands of dollars more per unitDevelopment limitations due to compliance with communication standardsBan on Chinese components hinders performance As the Russia-Ukraine war turns into a drone battlefield with drones being actively used, Ukraine is extensively using Chinese drones that are superior in terms of price and performance compared to American ones, according […]
U.S.-South Korea Collaborate with International Community to Address North Korean-Russian Military Cooperation Integrated Defense Dialogue between U.S. and South Korea held in the U.S.Global response to North Korean-Russian military tiesU.S. vows full defense, including nuclear attacks, to defend North Korea The U.S. and South Korea have agreed to jointly respond to North Korea’s nuclear threat while addressing North Korean-Russian military cooperation through international coordination. According to the defense […]
Fear of Iran's Response to Israel Sends Oil Prices Skyrocketing West Texas Intermediate (WTI) crude oil prices have surged once again. On the 10th (local time), the news that the United States and its allies are reporting an imminent primary missile or drone attack by Iran on Israeli military and government targets quickly reversed a previous drop in oil prices, leading to a sharp increase. […]
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