China Embarks on World’s Largest Hydropower Dam, Capital Markets Cheer
July 20 By Farah Master and Samuel Shen China’s Premier Li Qiang announced construction had begun on what will be the world’s largest hydropower dam, on the eastern rim of the Tibetan Plateau, at an estimated cost of at least $170 billion, the official Xinhua…
BlackRock Shares Slump Even as Assets Hit Record $12.5 Trillion on Market Rally
July 15 By Anirban Sen and Ateev Bhandari BlackRock’s assets under management hit a new high in the second quarter as global markets rallied, but its shares tumbled as much as 7% after a large Asian institutional client pulled money from an index strategy. During…
Analysis-Despite Tariffs, It’s Still America First for Asia’s Legacy Automakers
July 14 By Hyunjoo Jin Toyota and Hyundai Motor may have a beef with U.S. protectionism, but they have one thing in common with President Donald Trump: when it comes to global car markets, it’s America first for Asia’s legacy automakers. Trump’s tariffs on imported…
Bitcoin Tops $120,000 for the First Time
July 13 By Rae Wee Bitcoin crossed the $120,000 level for the first time on Monday, marking a major milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week. Starting on Monday, the U.S. House of Representatives…
Trump Announces 35% Tariffs on Canada
July 12 By Ismail Shakil U.S. President Donald Trump on Thursday announced a 35% tariff rate for goods imported from Canada, starting August 1.
BRICS Leaders to Call for Data Protections Against Unauthorized AI Use
July 6 By Reuters Leaders of the BRICS group of developing nations will call for protections against unauthorized use of artificial intelligence (AI) to avoid excessive data collection and allow mechanisms for fair payment, according to a draft statement seen by Reuters. The diplomatic bloc…
Will the United States succeed in taking over Greenland?
July 5 By Hank Folly This is the third attempt in modern history. The prospect of the United States joining an ice island the size of half of Europe is an exciting issue for many countries around the world. In the event of a successful…
Trump Says He Will Put 20% Tariff on Vietnam’s Exports
July 2 By Trevor Hunnicutt and Khanh Vu The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports. Vietnamese…
China’s Huawei Must Face US Criminal Charges, Judge Rules
July 1 By Jonathan Stempel A U.S. judge on Tuesday rejected Huawei Technologies’ bid to dismiss most of a federal indictment accusing the Chinese telecommunications company of trying to steal technology secrets from U.S. rivals, and misleading banks about its work in Iran. In a…
Russian forces advance and take first village in Ukraine’s Dnipropetrovsk region, state media say
June 30 By Guy Faulconbridge Russian forces have taken control of the first village in the east-central Ukrainian region of Dnipropetrovsk, Russian state media and war bloggers said on Monday, after Russia took 950 square kms of territory in two months. There was no immediate…