Maersk: Concerns About US-China Trade War Lead Companies to Place Christmas Orders Early
On Wednesday, August 7, Vincent Clerc, the CEO of Danish shipping giant Maersk, expressed concerns that a potential victory by…
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US Housing Prices Soaring Again with Four Cities Exceeding Trillion-Dollar Property Value
Redfin’s report released on Thursday, August 8, revealed that currently, there are 8 cities in the United States with housing…
Chinese Self-Driving Chip Company Lists in Hong Kong, Stock Price Drops 27% on First Day
On Thursday, August 8, Chinese automotive chip manufacturer Black Sesame International, which relies heavily on Taiwan Semiconductor Manufacturing Company (TSMC)…
US Regulatory Agency Investigates Three Major Banks on How They Handle Zelle Scams
According to a report by The Wall Street Journal on Wednesday (August 7th), the federal regulatory agency, the Consumer Financial…
Increase of Self-driving Rental Cars Causes Anxiety Among Wuhan Ride-hailing Drivers
In June of this year, hundreds of self-driving taxis were seen driving on the streets of Wuhan. Baidu, the company…
Another one! British Airways to suspend flights to Beijing from October 26
British Airways announced on Thursday that it will “suspend” direct flights between London and Beijing starting from late October, making…
In the midst of the US-China chip war, SMIC’s profit sharply declines in the second quarter
The United States continues to restrict China’s access to advanced chip technology, while China’s largest chip manufacturer, Semiconductor Manufacturing International…
Chinese demand weak, Shiseido stock price records largest drop in 37 years.
On Thursday, August 8, Shiseido of Japan announced its losses for the first half of the year, with weak demand…
Mainland China Industries Cutting Jobs, People Expressing Pity
China’s economy is on a downward trend, and high unemployment rates have become the new normal for its citizens. People…
US Job Market Slump Sparks Concerns of Economic Recession
In the wake of “Black Monday” on August 5th, global financial markets experienced a meltdown, triggering concerns about the economy….