China's Entry into the Global Passenger Aircraft Market, Challenging Boeing and Airbus China has thrown down the gauntlet in earnest to the global airliner market, which is dominated by Boeing and Airbus. It is expanding its exports with two mid-size and small airliners, and is expanding the scope of its operations by participating in the air show in Singapore. It has received a whopping 1061 orders from its home country alone. "China's first indigenously produced medium-sized passenger plane, the C919, made its debut at an international air show, attracting attention," according to China's Xinhua News Agency and Hengguoshibo on Tuesday. "It is participating in an air show at Singapore's Changi International Airport."
Home Depot Faces Tough Quarter: Sales Down Again as High Mortgage Rates Impact Demand [AlphaEconomy=(Chicago) Correspondent Kim Jisun] U.S. home equipment provider Home Depot's sales have fallen for five consecutive quarters...
Chinese Coast Guard Conducts Unauthorized Inspection of Taiwanese Cruise Ship 2 Chinese Coast Guard vessels approach Taiwanese cruise ship 14 days Chinese ship capsizes after being chased by Taiwanese Coast Guard China warns it will "intensify patrols in Kinmen Island waters" China's maritime police have boarded a Taiwanese cruise ship without permission near Kinmen Island, the frontline of Taiwan's security, escalating tensions between the two sides...
White House Set to Unleash Major Sanctions Against Russia Over Navalny's Death Ukraine invasion and Navalny's death to be held accountable EU freezes Russian central bank funds likely to be confiscated Russian crude oil cap to be revised downward A major offensive shift ahead of G7 summit The White House has announced that it will announce a package of "major sanctions" against Russia on the 23rd. "The Russian government and President Vladimir Putin are clearly responsible for the death of Alexei Navalny," White House National Security Adviser John Kirby said in an online briefing on Tuesday, according to USA Today and NBC.
Anti-Regime Death Stokes Fear and Protests Ahead of Belarus ElectionIhar Lednik, detained on charges of defaming Lukashenko, dies in prisonFollowing the death of Russia’s Navalny, another anti-regime figure dies in jail in Belarus, a Russian allyCivil control intensifies ahead of the general elections on the 25th Following the death of Alexei Navalny, an enemy of Russian President Vladimir Putin, in prison, another anti-regime figure […]
Chinese Battery Domination Defies U.S. Inflation Reduction Act The U.S. Inflation Reduction Act (IRA), which does not subsidize electric vehicles with Chinese batteries, has been ineffective. Chinese batteries have dominated the market in the U.S. and other parts of the world. To get subsidized, domestic battery companies have to go to North America or the U.S...
Putin's Luxury Gift: North Korea's Kim Jong Un Receives Russian-Made CarNorth Korean leader Kim Jong Un received a car as a gift from Russian President Vladimir Putin. North Korean state-run Korean Central News Agency reported on the 20th that the “Russian-made personal car” sent by President Putin to Secretary Kim was delivered to Party Secretary Park Jong Chon and Deputy Party Leader Kim Yo Jong […]
China's BYD Aims for Luxury Electric Car Market Domination, Eyes TeslaPlans to Launch Various Luxury Models This YearPursuing Brand Value EnhancementDomestic Slowdown Leads to Overseas Strategy, Targeting 400,000 ExportsGlobal Competitors on Edge: “Demise without Trade Barriers” Following its achievement as the world’s top seller of electric cars last year, China’s BYD is setting its sights on the luxury car market this year. According to Bloomberg […]
Riots Erupt as North Korean Workers Protest Unpaid Wages in Chinese Factory TakeoverIt has been reported that an incident occurred last month where 2,000 North Korean workers dispatched to China protested against wage defaults, occupied a factory, and, during the protest, assaulted a managerial staff, leading to his death. According to Yomiuri’s report on the 17th, approximately 2,000 workers dispatched by a trading company under the North […]
Bali's $10 Charge for Foreign Tourists Sparks ControversyBali, Indonesia, has started receiving a “tourist contribution fee” of about $10) per foreign tourist. Exemptions are given to nationals, diplomatic passport holders, airline crew members, and student visa holders. On the 15th, Yonhap News reported, citing the announcement of the Bali provincial government, “From yesterday, we have started imposing a Bali tourism contribution fee […]
Airbnb Surpasses Revenue Expectations, Eyes AI-Powered InnovationsAirbnb, Inc. (ABNB) exceeded revenue expectations for the fourth quarter, but its net loss widened. ABNB’s revenue for the last quarter of last year was $2.22 billion, up 16.6% from the previous year, and adjusted EBITDA increased by 46% to $738 million, surpassing the consensus. The adjusted net income recorded $489 million. However, the net […]
Musk's Stance on Ukraine Aid: Challenges Congress, Expresses Doubts on Putin's ResponseExtended Support… Doesn’t Help Ukraine Putin, Under Pressure for a Ceasefire Elon Musk, CEO of Tesla, is speaking at a conference on the 22nd of last month. Krakow, Poland/AFP Yonhap News Elon Musk, CEO of Tesla, has opposed a Ukrainian aid bill that the US Congress is preparing to approve. The reason is that Russian […]
China to Remain 'The World's Factory' Despite Challenges: Decoupling China - Pessimism vs. OptimismDespite U.S. Restraints, China Remains the World’s Top ExporterChina Increases Investments and Exports to U.S. AlliesNo Manufacturing Superpower to Replace China YetJP Morgan: “China is not an Uninvestable Country” Despite economic uncertainties and U.S. restraints, China is expected to maintain its status as the “factory of the world.” Business Insider, a U.S. business news outlet, […]
U.S. Warns Companies Over Misleading Green Marketing [TheGuru=SungHwan Hong] US competition authorities are stepping up crackdowns on fake green marketing, requiring caution from Korean companies seeking to enter the local market.
China, Indonesia's Nickel Cuts: A Bid to Boost Prices Amid Oversupply Nickel prices plunge about 40% from a year ago "China-Indonesia NPIs cause oversupply" China and Indonesia are set to cut nickel production this year to counter falling prices, Reuters reported on Dec. 12...
Huawei Bounces Back: Regains Top Spot in China Amidst U.S. Sanctions AsiaToday Beijing Correspondent Hong Soondo = China's largest telecommunications equipment maker Huawei, which had been battered by U.S. sanctions on its semiconductors, is showing its mettle with a series of impressive results...
Republican Nikki Haley Loses Nevada Primary Without TrumpNo Delegates Even with wins, Trump Does Not ParticipateNo Preferred Candidate 62% vs. Haley at 31% In the Republican primary in Nevada, where Donald Trump, a powerful candidate for the U.S. Republican Party, was absent, Nikki Haley was defeated. According to The Hill, a U.S. political specialty media, as of 85% of the votes counted, […]
Mexico Becomes Largest U.S. Importer; China Imports Drop by 20.3% In the wake of the U.S.-China trade dispute, the U.S. shifted from China to Mexico as its largest importer last year. The amount of Chinese imports also fell 20.3% year-on-year...
Biden's Blunder: Age Controversy Reignites as President Confuses Macron White House corrects to Macron on homepage U.S. President Joe Biden has reignited the age controversy by confusing a former French president who died more than 30 years ago with French President Emmanuel Macron...
Trump's Legal Battle Continues: Appeals Court Rejects Immunity Claim Trump accused of attempting to overturn 2020 election Trump's camp "will appeal to defend the presidency and the Constitution" 'Republican front-runner' Trump,.
China's Entry into the Global Passenger Aircraft Market, Challenging Boeing and Airbus China has thrown down the gauntlet in earnest to the global airliner market, which is dominated by Boeing and Airbus. It is expanding its exports with two mid-size and small airliners, and is expanding the scope of its operations by participating in the air show in Singapore. It has received a whopping 1061 orders from its home country alone. "China's first indigenously produced medium-sized passenger plane, the C919, made its debut at an international air show, attracting attention," according to China's Xinhua News Agency and Hengguoshibo on Tuesday. "It is participating in an air show at Singapore's Changi International Airport."
Home Depot Faces Tough Quarter: Sales Down Again as High Mortgage Rates Impact Demand [AlphaEconomy=(Chicago) Correspondent Kim Jisun] U.S. home equipment provider Home Depot's sales have fallen for five consecutive quarters...
Chinese Coast Guard Conducts Unauthorized Inspection of Taiwanese Cruise Ship 2 Chinese Coast Guard vessels approach Taiwanese cruise ship 14 days Chinese ship capsizes after being chased by Taiwanese Coast Guard China warns it will "intensify patrols in Kinmen Island waters" China's maritime police have boarded a Taiwanese cruise ship without permission near Kinmen Island, the frontline of Taiwan's security, escalating tensions between the two sides...
White House Set to Unleash Major Sanctions Against Russia Over Navalny's Death Ukraine invasion and Navalny's death to be held accountable EU freezes Russian central bank funds likely to be confiscated Russian crude oil cap to be revised downward A major offensive shift ahead of G7 summit The White House has announced that it will announce a package of "major sanctions" against Russia on the 23rd. "The Russian government and President Vladimir Putin are clearly responsible for the death of Alexei Navalny," White House National Security Adviser John Kirby said in an online briefing on Tuesday, according to USA Today and NBC.
Anti-Regime Death Stokes Fear and Protests Ahead of Belarus Election Ihar Lednik, detained on charges of defaming Lukashenko, dies in prisonFollowing the death of Russia’s Navalny, another anti-regime figure dies in jail in Belarus, a Russian allyCivil control intensifies ahead of the general elections on the 25th Following the death of Alexei Navalny, an enemy of Russian President Vladimir Putin, in prison, another anti-regime figure […]
Chinese Battery Domination Defies U.S. Inflation Reduction Act The U.S. Inflation Reduction Act (IRA), which does not subsidize electric vehicles with Chinese batteries, has been ineffective. Chinese batteries have dominated the market in the U.S. and other parts of the world. To get subsidized, domestic battery companies have to go to North America or the U.S...
Putin's Luxury Gift: North Korea's Kim Jong Un Receives Russian-Made Car North Korean leader Kim Jong Un received a car as a gift from Russian President Vladimir Putin. North Korean state-run Korean Central News Agency reported on the 20th that the “Russian-made personal car” sent by President Putin to Secretary Kim was delivered to Party Secretary Park Jong Chon and Deputy Party Leader Kim Yo Jong […]
China's BYD Aims for Luxury Electric Car Market Domination, Eyes Tesla Plans to Launch Various Luxury Models This YearPursuing Brand Value EnhancementDomestic Slowdown Leads to Overseas Strategy, Targeting 400,000 ExportsGlobal Competitors on Edge: “Demise without Trade Barriers” Following its achievement as the world’s top seller of electric cars last year, China’s BYD is setting its sights on the luxury car market this year. According to Bloomberg […]
Riots Erupt as North Korean Workers Protest Unpaid Wages in Chinese Factory Takeover It has been reported that an incident occurred last month where 2,000 North Korean workers dispatched to China protested against wage defaults, occupied a factory, and, during the protest, assaulted a managerial staff, leading to his death. According to Yomiuri’s report on the 17th, approximately 2,000 workers dispatched by a trading company under the North […]
Bali's $10 Charge for Foreign Tourists Sparks Controversy Bali, Indonesia, has started receiving a “tourist contribution fee” of about $10) per foreign tourist. Exemptions are given to nationals, diplomatic passport holders, airline crew members, and student visa holders. On the 15th, Yonhap News reported, citing the announcement of the Bali provincial government, “From yesterday, we have started imposing a Bali tourism contribution fee […]
Airbnb Surpasses Revenue Expectations, Eyes AI-Powered Innovations Airbnb, Inc. (ABNB) exceeded revenue expectations for the fourth quarter, but its net loss widened. ABNB’s revenue for the last quarter of last year was $2.22 billion, up 16.6% from the previous year, and adjusted EBITDA increased by 46% to $738 million, surpassing the consensus. The adjusted net income recorded $489 million. However, the net […]
Musk's Stance on Ukraine Aid: Challenges Congress, Expresses Doubts on Putin's Response Extended Support… Doesn’t Help Ukraine Putin, Under Pressure for a Ceasefire Elon Musk, CEO of Tesla, is speaking at a conference on the 22nd of last month. Krakow, Poland/AFP Yonhap News Elon Musk, CEO of Tesla, has opposed a Ukrainian aid bill that the US Congress is preparing to approve. The reason is that Russian […]
China to Remain 'The World's Factory' Despite Challenges: Decoupling China - Pessimism vs. Optimism Despite U.S. Restraints, China Remains the World’s Top ExporterChina Increases Investments and Exports to U.S. AlliesNo Manufacturing Superpower to Replace China YetJP Morgan: “China is not an Uninvestable Country” Despite economic uncertainties and U.S. restraints, China is expected to maintain its status as the “factory of the world.” Business Insider, a U.S. business news outlet, […]
U.S. Warns Companies Over Misleading Green Marketing [TheGuru=SungHwan Hong] US competition authorities are stepping up crackdowns on fake green marketing, requiring caution from Korean companies seeking to enter the local market.
China, Indonesia's Nickel Cuts: A Bid to Boost Prices Amid Oversupply Nickel prices plunge about 40% from a year ago "China-Indonesia NPIs cause oversupply" China and Indonesia are set to cut nickel production this year to counter falling prices, Reuters reported on Dec. 12...
Huawei Bounces Back: Regains Top Spot in China Amidst U.S. Sanctions AsiaToday Beijing Correspondent Hong Soondo = China's largest telecommunications equipment maker Huawei, which had been battered by U.S. sanctions on its semiconductors, is showing its mettle with a series of impressive results...
Republican Nikki Haley Loses Nevada Primary Without Trump No Delegates Even with wins, Trump Does Not ParticipateNo Preferred Candidate 62% vs. Haley at 31% In the Republican primary in Nevada, where Donald Trump, a powerful candidate for the U.S. Republican Party, was absent, Nikki Haley was defeated. According to The Hill, a U.S. political specialty media, as of 85% of the votes counted, […]
Mexico Becomes Largest U.S. Importer; China Imports Drop by 20.3% In the wake of the U.S.-China trade dispute, the U.S. shifted from China to Mexico as its largest importer last year. The amount of Chinese imports also fell 20.3% year-on-year...
Biden's Blunder: Age Controversy Reignites as President Confuses Macron White House corrects to Macron on homepage U.S. President Joe Biden has reignited the age controversy by confusing a former French president who died more than 30 years ago with French President Emmanuel Macron...
Trump's Legal Battle Continues: Appeals Court Rejects Immunity Claim Trump accused of attempting to overturn 2020 election Trump's camp "will appeal to defend the presidency and the Constitution" 'Republican front-runner' Trump,.
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