A former minister says the Maldives’ current leadership is fumbling efforts to put the country on a path to economic recovery.
BUSINESS
Metaverse expected to grow across China
China’s metaverse-related industry is expected to grow fast in the next three years, thanks to continuing maturity and the application of key technologies including 5G, artificial intelligence, …
Bags and other luxury goods: without a Chinese market, what will happen to well-known brands? And Beijing censors influencers
China’s economic slowdown and Beijing’s crackdown on displays of wealth are taking a toll on some of the world’s top luxury brands.
Expect China to ‘fight hard’ against chip export controls
The US will roll out new export controls on semiconductors and is now targeting quantum computing and high-bandwidth chips as China makes advances in the industry. The Futurum Group CEO Daniel Newman joins Morning Brief…
New crop corn, soybean export sales extend solid run
New crop corn and soybean export sales continued their hot streak during the week ending August 29th. The USDA says new crop corn saw a solid improvement with nearly half of the week’s total purchased…
Democrat to vote against bill restricting China’s WuXi Biologics, BGI
An influential Democratic U.S. congressman said on Friday that he will vote against legislation that would restrict business with China’s WuXi Biologics, BGI and other biotech companies on national …
US Prosecutors Allegedly Link Former FTX Exec to a Bribery Scheme in China
While trying to unfreeze some FTX and Alameda Research accounts, Salame used the names of persons identified as Thai prostitutes.
US to Hit China With Quantum, Chip-Related Export Curb
The Biden administration plans to impose export controls on critical technologies including quantum computing and semiconductor goods, seeking to align key allies in a US-led push to thwart advancements in China and other adversarial nations.
Skoda the latest Western brand to look to China for technology – report
Skoda is reportedly in talks with SAIC Motor, owner of brands such as MG and LDV, to borrow technology for upcoming plug-in hybrid models intended for sale in the Chinese market. The Volkswagen …
Manila and Hanoi team up against China
Vietnam’s Minister of Defense General Phan Van Giang (left) shake hands with Philippines’ Defense Secretary Gilberto Teodoro after delivering joint statements pledging to improve military cooperation between the two Southeast Asian nations in Manila on…
Treason in Taiwan paid in Tether, East’s crypto exchange resurgence: Asia Express
Taiwanese soldiers selling military secrets for Tether, Asia’s crypto exchanges are scampering for licenses: Asia Express …
Biden Administration Rolls Out Tighter Chip Export Controls Amid China’s Industry Progress
The new restrictions cover worldwide exports but include exemptions for countries like Japan and the Netherlands that have similar controls.
Crypto market enters ‘extreme fear’ as analysts warn of Bitcoin below $50K
Crypto market sentiment has dropped to an over one-month low, as analysts warn of a potential Bitcoin (BTC) price correction below $50,000 as soon as this weekend. Crypto trader sentiment drops to …
