USA

Bank of America claims these 6 unexpected developments illustrate how dire the current state of the Chinese economy is.
19Aug By Brian ThompsonNo Comments
China, USA

Bank of America claims these 6 unexpected developments illustrate how dire the current state of the Chinese economy is.

Despite predictions of a post-pandemic economic resurgence, China has seen its GDP for the second quarter fall well short of projections, and the nation has entered deflationary zone for the first time since 2021 as a result of decreasing prices. In a frantic effort to pretend everything is OK, Beijing has lowered interest rates and ceased publicizing ugly young unemployment numbers. Bank of America analyst Michael Hartnett released a research note on Friday in which he described the new China figures as "positively shocking" and warned of the increased potential of a significant credit event that would send stock prices much down and demand a coordinated international reaction. One source of "event risk," he continued, is the continuing liquidity issues for real estate giant Cou...
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America Takes Action Against The Chinese Fentanyl Manufacturers
27Jun By Joe RodriguezNo Comments
USA

America Takes Action Against The Chinese Fentanyl Manufacturers

The Department of Justice (DOJ) has taken action against four Chinese chemical manufacturers and eight Chinese nationals, accusing them of various crimes connected to the production, distribution, and sales of the dangerous drug fentanyl. According to a statement released by the Justice Department, two individuals have been arrested, and three indictments have been unsealed in the Southern and Eastern Districts of New York. The charges filed against the Chinese companies and their employees involve the deliberate violation of U.S. federal laws by engaging in the manufacturing, marketing, selling, and supplying of precursor chemicals used in fentanyl production within the United States. Deputy Attorney General Lisa Monaco emphasized the Justice Department's commitment to thoroughly i...
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China at Shangri-La Dialogue, Same old Paradigm My Interest is More Important Than Yours
6Jun By Joe RodriguezNo Comments
Asia, China, USA

China at Shangri-La Dialogue, Same old Paradigm My Interest is More Important Than Yours

Chinese Defence Minister Li Shangfu told in the Shangri-La dialogue, Asia’s top security summit on June 4 that conflict with the United States would be an “unbearable disaster” and expressed China’s pretence of dialogue over confrontation. He also added that the world was big enough for China and the US to grow together. He asserted that the two sides should not hesitate from “seeking common ground and common interests to grow bilateral ties and deepen cooperation,” notwithstanding the fact that China and the US have different systems. Does it mean that China has changed its aggressive approach to realize its aspiration to be a global power and instead adopt a more peaceful and cooperative approach henceforth? It is hard to believe in the light of China’s recent militaristic posturing ...
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Spouses of H1-B visa recipients are now free to work in the US! See important information here.
30Mar By TheGreenZoneNo Comments
USA

Spouses of H1-B visa recipients are now free to work in the US! See important information here.

The court determined that work as a requirement for an H-4 spouse's entry to the nation has been explicitly and deliberately approved by Congress for the US government. A US court recently decided that partners of H-1B visa recipients, the majority of whom are Indians, can work in the nation. This decision is a significant reprieve for foreign employees in the American tech industry. The choice was made soon after huge cutbacks at digital firms in the US and abroad. Save Jobs USA's case against a rule from the Obama administration that gave partners of some H-1B visa recipients access to work permission certificates was rejected by US District Judge Tanya Chutkan. An organization called Save Jobs USA is made up of IT employees who say they lost their jobs as a result of H-1B permits...
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Setback for Chinese Tech companies
23Dec By Michael SmithNo Comments
China, USA

Setback for Chinese Tech companies

The Chinese tech companies continue to face increasing suspicion for their breach of data security and allegiance to Chinese Communist Party and military. Despite China’s massive investment in emerging technology, its acceptability in the international market has not kept pace. In the last two years, Chinese companies have faced severe blow due to ban on their tech companies in Europe, US and Oceania. The US Federal Communications Commission (FCC) banned on November 25 the sale and import of new communications equipment and devices produced by five Chinese companies, including Huawei, ZTE, Hikvision, Dahua and Hytera. citing public safety, security of government facilities, physical surveillance of critical infrastructure, and other national security threats. This is a huge blow to ...
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US Secretary of State slammed China for its irresponsible in cyberspace
22Jul By TheGreenZoneNo Comments
Asia, USA

US Secretary of State slammed China for its irresponsible in cyberspace

Washington, US: US Secretary of State slammed China for its irresponsible, disruptive, and destabilizing behaviour in cyberspace, which now poses a major threat to the economy and national security. Responding to the People's Republic of China (PRC) for destabilizing and irresponsible behaviour in cyberspace, Blinken said, "The United States and countries around the world are holding the PRC accountable. The PRC's Ministry of State Security (MSS) has fostered an ecosystem of criminal contract hackers who carry out both state-sponsored activities and cybercrime for their own financial gain." "United States government, alongside our allies and partners, has formally confirmed that cyber actors affiliated with the MSS exploited vulnerabilities in Microsoft Exchange Server in a massive ...
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Philippines again suspends scrapping of troop pact with US amid China dispute
17Jun By Desk TeamNo Comments
China, Market, USA, World

Philippines again suspends scrapping of troop pact with US amid China dispute

MANILA/WASHINGTON: The Philippines has again suspended a decision to scrap a crucial agreement governing the US troop presence in the country, its foreign minister said on Monday (Jun 14), amid continuing maritime pressure from China. The Pentagon welcomed the announcement from Manila - the third suspension of the decision covering the two-decade-old Visiting Forces Agreement (VFA) that had been due to expire in August - but analysts said there would be disappointment in both countries that it was not renewed. Philippine Foreign Minister Teodoro Locsin said the suspension would be for a further six months while President Rodrigo Duterte "studies, and both sides further address his concerns regarding, particular aspects of the agreement". The Philippines is a US treaty ally and sever...
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This is the median age of billion dollar start-up founders, according to new research
17Jun By Desk TeamNo Comments
USA, World

This is the median age of billion dollar start-up founders, according to new research

With founders like Mark Zuckerberg, Jack Dorsey and Bill Gates, it may seem like billion-dollar start-ups are all started by 20-something college dropouts. But according to the new book, "Super Founders: What Data Reveals About Billion-Dollar Startups," the median age at which founders started their billion-dollar business is 34. The book's author, Ali Tamaseb, a partner at the tech venture capital firm DCVC, says he spent thousands of hours combing through internet archives, interviews and reviewing thousands of LinkedIn and Crunchbase profiles collecting data — 65 different data points, to be exact, like age, education and experience — on every unicorn start-up started between 2005 and 2018. "It took about four years," Tamaseb tells CNBC Make It. Tamaseb says he collected over 30,000...
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COVID-19 pandemic relapse spells trouble for India’s middle class
16Jun By Desk TeamNo Comments
Asia, Market, USA, World

COVID-19 pandemic relapse spells trouble for India’s middle class

NEW DELHI: Ram Babu moved from his village to the Indian capital New Delhi in 1980, to clean cars. Soon, he learned to drive and got a job as a tour bus driver. Decades later, he set up his own company, Madhubani Tours and Travels. In March 2020, a stringent nationwide lockdown to fight the coronavirus pandemic froze economic activity overnight. Babu's business collapsed, and he drove his family back to their village. “Since March last year, we haven’t earned a single rupee,” he said. “All of my three buses are standing still for more than a year. We are completely broken.” India’s economy was on the cusp of recovery from the first pandemic shock when a new wave of infections swept the country, infecting millions, killing hundreds of thousands and forcing many people to stay home. C...
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Why France is a welcome security partner for Japan
16Jun By Desk TeamNo Comments
Asia, China, Market, USA, World

Why France is a welcome security partner for Japan

This past week, French forces joined the Japan Self-Defense Force, Australian Defence Force and U.S. military for a multilateral amphibious exercise in Camp Ainoura, Sasebo. This marks the first time French ground forces have trained on Japanese soil in the postwar era. This training comes on the heels of two French naval vessels that made port in Kochi last month, en route to a joint maritime exercise with members of the so-called “Quad” (Australia, India, Japan and the United States). These activities are representative of the steps Japan is taking to diversify its portfolio of security partners, but many outside observers may now be asking the blunt but obvious question: Why France? Certainly, partnering with countries such as Australia and India makes sense given the centrality of J...
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