China plans to boost domestic manufacturing by giving locally made products a price advantage in government procurement processes. According to a draft rule by the Ministry of Finance, products made in China will be considered at prices 20% lower than their actual sales figures compared to foreign-made goods.
Read MoreJPMorgan, AT&T, and Dunkin’ Brands have pulled ads from Twitch following accusations that the platform promotes antisemitic content, particularly surrounding streams by popular commentator Hasan Piker regarding the Israel-Gaza conflict.
Read MoreSouth Africa clarified there are no plans to establish a BRICS currency, despite speculation and misreporting. Instead, discussions within the bloc focus on facilitating trade using members' national currencies.
Read MoreChina's central bank governor, Pan Gongsheng, reaffirmed plans to maintain an accommodative monetary policy in 2025 to counter economic challenges, including a potential trade war with the US under Donald Trump’s second term.
Read MoreElon Musk’s approach to Washington politics has been unconventional, marked by significant cuts to Tesla’s lobbying efforts and a reliance on his personal involvement rather than traditional lobbyists.
Read MoreAndre Agassi, despite chronic back pain and a noticeable limp, recently showcased his skills on a pickleball court in Sydney, receiving applause and engaging in playful trash talk.
Read MoreTop cryptocurrency executives and investors are urging President-elect Donald Trump to create a national bitcoin stockpile, a move that could closely integrate the volatile cryptocurrency industry into the U.S. financial system.
Read MoreVolkswagen and its Chinese joint venture with SAIC Motor Corp. sold their assembly plant in Xinjiang to the Shanghai Motor Vehicle Inspection Center, a government-owned firm, citing economic reasons.
Read MoreDonald Trump’s plan to impose 25 percent tariffs on all Canadian and Mexican products starting January 20 is unlikely to fulfill his campaign promise of lowering prices. These tariffs could significantly impact Americans’ grocery bills, as Canada and Mexico are the U.S.'s largest trading partners.
Read MorePresident-elect Donald Trump announced plans for additional tariffs on China, Canada, and Mexico, marking his first concrete move to address global trade since his election victory.
Read MoreMarkets welcomed Donald Trump’s selection of Scott Bessent as Treasury Secretary, interpreting it as a stabilizing move for the U.S. economy.
Read MoreSumitomo Rubber USA announced the closure of its century-old Buffalo, New York, Dunlop tire factory, resulting in the termination of 1,550 employees.
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