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,.
Goldman Sachs Poll Reveals Chinese Investors' Worries About Trump's Election WinOn top of tumbling stocks, an embattled property market, and a struggling economy, a potential win by former US president Donald Trump in the November general election seems to keep domestic Chinese investors up at night. According to Bloomberg News on the 4th (local time), Goldman Sachs Group Inc. announced the finding after talking with its […]
China's 1% Spying on the Rest of the 99% Population: A Comparison to East Germany's Stasi EraChina Utilizes Cutting-Edge Technology to Establish Intense Surveillance SocietyPolice and Local Authorities Recruit 14 Million Informants The Chinese Communist Party is alleged to be using 1% of the population as informants to surveil the remaining 99%. This ratio of surveillance personnel is reportedly on par with the infamous East Germany just before the fall of […]
Iran's Supreme Leader Urges Muslim Nations to Cut Economic Ties with Israel "Journalists, politicians and scientists from around the world must come forward" "Economic, not war" Iran's supreme leader has called on Muslim countries to cut economic ties with Israel.
Russian Aviation Safety Incidents Double Amid Western Sanctions Last year's safety accidents doubled compared to 2022 Since 2022, safety accident statistics have increased Banned from updating major operational SW Banned from updating major operational SW Anxious to steal parts from other aircraft Last year, the number of safety accidents on Russian aircraft doubled...
Vladimir Putin to Visit Turkey for Summit with Erdogan, His First NATO Trip Since Ukraine WarDiscussing Black Sea grain exports, energy cooperation, Syrian security, Ukraine war, etc. Russian President Vladimir Putin will hold a summit with Turkish President Recep Tayyip Erdogan at the end of this month. According to Bloomberg News, on the 4th (local time), Turkish Foreign Minister Hakan Fidan announced it on a local TV program. This will […]
Chinese President Xi Jinping's Nuclear Arsenal Buildup: A New Nuclear Race on the Horizon? NYT "See Nukes as Swords to Threaten Enemies, Not Shields" Chinese President Xi Jinping has increased his country's nuclear arsenal faster than any other leader, bringing it closer to the level of the United States and Russia's nuclear arsenals, the New York Times reported on Thursday...
Chinese Regulators Clamp Down on Trading Amid Stock Market Decline Some brokerages impose cap on cross-border TRS trading Some quant hedge funds ban sell orders altogether Investors complain↑...spurred by announcement of stock market stabilization fund Chinese financial authorities are tightening trading restrictions on domestic and foreign institutional investors as part of measures to stem a stock market slide, according to people familiar with the matter.
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,.
Goldman Sachs Poll Reveals Chinese Investors' Worries About Trump's Election Win On top of tumbling stocks, an embattled property market, and a struggling economy, a potential win by former US president Donald Trump in the November general election seems to keep domestic Chinese investors up at night. According to Bloomberg News on the 4th (local time), Goldman Sachs Group Inc. announced the finding after talking with its […]
China's 1% Spying on the Rest of the 99% Population: A Comparison to East Germany's Stasi Era China Utilizes Cutting-Edge Technology to Establish Intense Surveillance SocietyPolice and Local Authorities Recruit 14 Million Informants The Chinese Communist Party is alleged to be using 1% of the population as informants to surveil the remaining 99%. This ratio of surveillance personnel is reportedly on par with the infamous East Germany just before the fall of […]
Iran's Supreme Leader Urges Muslim Nations to Cut Economic Ties with Israel "Journalists, politicians and scientists from around the world must come forward" "Economic, not war" Iran's supreme leader has called on Muslim countries to cut economic ties with Israel.
Russian Aviation Safety Incidents Double Amid Western Sanctions Last year's safety accidents doubled compared to 2022 Since 2022, safety accident statistics have increased Banned from updating major operational SW Banned from updating major operational SW Anxious to steal parts from other aircraft Last year, the number of safety accidents on Russian aircraft doubled...
Vladimir Putin to Visit Turkey for Summit with Erdogan, His First NATO Trip Since Ukraine War Discussing Black Sea grain exports, energy cooperation, Syrian security, Ukraine war, etc. Russian President Vladimir Putin will hold a summit with Turkish President Recep Tayyip Erdogan at the end of this month. According to Bloomberg News, on the 4th (local time), Turkish Foreign Minister Hakan Fidan announced it on a local TV program. This will […]
Chinese President Xi Jinping's Nuclear Arsenal Buildup: A New Nuclear Race on the Horizon? NYT "See Nukes as Swords to Threaten Enemies, Not Shields" Chinese President Xi Jinping has increased his country's nuclear arsenal faster than any other leader, bringing it closer to the level of the United States and Russia's nuclear arsenals, the New York Times reported on Thursday...
Chinese Regulators Clamp Down on Trading Amid Stock Market Decline Some brokerages impose cap on cross-border TRS trading Some quant hedge funds ban sell orders altogether Investors complain↑...spurred by announcement of stock market stabilization fund Chinese financial authorities are tightening trading restrictions on domestic and foreign institutional investors as part of measures to stem a stock market slide, according to people familiar with the matter.
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