Fed still has ‘some ways to go’ Chair Jerome Powell said the US Federal Reserve (Fed) is still working toward ending its anti-inflation campaign of interest-rate increases as officials signalled …
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Crypto Market Daily Highlights – DOGE Leads NASDAQ-Fueled Sell-Off
It was another bearish session on Thursday, as crypto investors responded to US economic indicators and the NASDAQ Index slump.
Worried about crypto miners straining the Texas electricity grid? Some U.S. senators are
The Texas electricity grid, already under strain, must now share its power with several dozen crypto mining companies that use enough power to light up cities.
China files WTO complaint over US export controls on semiconductors
China filed a dispute at the World Trade Organization against the U.S. over export controls on advanced semiconductors and computer chips.
36 Chinese firms added to US export blacklist
The Biden administration added 36 Chinese firms to its export blacklist on Thursday, doubling down on efforts to block Beijing’s access to advanced military and surveillance technology from the …
China bans export of Loongson chips due to strategic importance and military sensitivity, Russian newspaper reports
Export ban on Loongson processors based on LoongArch architecture is because the tech is seen as ‘strategically important’ and militarily sensitive, Russian newspaper says.
China is open for business, but COVID concerns still keep many home
Can the Chinese government, which has long touted the dangers of COVID-19, assuage public anxieties as controls lift and cases rise?
China’s ‘Little Happiness’: Why Brands Should Be Wary Of Toxic Positivity
Faced with economic uncertainty, younger Chinese consumers are tired of being told by brands to “cheer up,” and seek realism and relatability instead.
Govt likely to impose check on China imports in Budget FY24
The Budget may announce measures to reduce India’s import dependence from China, through various tariff and non-tariff measures, pursuing its strategy of Atmanirbhar Bharat (self-reliant India) in a …
China’s BYD to launch new “professional and personal” EV in 2023 – executive
China’s BYD Co will launch a new “professional and personal” electric car brand in 2023, Brian Luo, the company’s branding assistant general manager, said on Thursday.The new brand will be an addition …
IPOs plunged 45% globally in 2022, but still 16% higher than 2019, EY says
After a banner 2021, the number of IPOs globally fell by 45% in 2022 but were still 16% higher than in pre-pandemic 2019, according to a new report by EY. Read more here.
China Is Going Big on EV Exports
BYD is introducing another marque as Chinese vehicle exports grow, California is pumping billions into charging infrastructure, and Ford and CATL may build a battery plant in Michigan. All that and …
BYD’s 2nd new EV brand to target professional, personal use, exec says
The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023 that BYD announced last month.
