During the recent presidential debate hosted by ABC News, Donald Trump made it clear that he is a proponent of increasing trade duties on China. He defended his recent vows to impose blanket tariffs ranging from 10% to 20% and additional tariffs of 60% to 100% on Chinese goods. Trump believes that other countries owe
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Apple has lost a 10-year court battle against the European Union over its tax affairs in Ireland. The tech giant expressed disappointment at the ruling, claiming that the European Commission is attempting to retroactively change the rules. According to Apple, its income was already subjected to taxes in the U.S., as required by international tax
The U.S. Federal Reserve is currently at the center of a heated debate regarding the potential for a jumbo 50 basis point rate cut at its next meeting. Some analysts, such as Michael Yoshikami, CEO of Destination Wealth Management, believe that a larger cut would be a positive sign of the Fed’s commitment to supporting
On a tragic Sunday at the border crossing between the West Bank and Jordan, Israeli officials reported that three people were shot and killed. The perpetrator approached the Allenby Bridge Crossing from the Jordanian side in a truck and opened fire at Israeli security forces. A shootout ensued and the assailant was killed. The victims,
Recent statements from CIA Director William Burns have shed light on the real risk of Russia using nuclear weapons on the battlefield against Ukraine. Burns expressed his concerns during a conversation with the U.K.’s secret intelligence chief, Richard Moore, emphasizing the need for vigilance and caution in the face of escalating tensions between Russia and
The Dutch government has recently announced an expansion of export restrictions on advanced semiconductor manufacturing equipment, specifically targeting more of ASML’s machines. These new restrictions now require companies to obtain a license from the Dutch government in order to export certain chipmaking tools out of the country. This decision has been attributed to national security
The tech world is constantly evolving, with new innovations and partnerships shaping the future of consumer technology. Qualcomm CEO Cristiano Amon recently revealed an exciting collaboration between Qualcomm, Samsung, and Google to develop a mixed-reality set of glasses linked to smartphones. This project aims to bring a new wave of experiences to users, focusing on
The Asia-Pacific markets experienced a significant downturn on Wednesday, with Japan’s Nikkei 225 leading the losses. The Nikkei 225 was down 3.19%, while the broader Topix index fell by 2.79%. Semiconductor-related stocks like Renesas Electronics and Tokyo Electron took a hit, plunging by 8% and 7.04% respectively. Advantest also tumbled over 7.7%, contributing to the
China’s housing market has been grappling with ongoing challenges, despite various government stimulus measures. JPMorgan economist Haibin Zhu believes that these efforts have not been sufficient in supporting the sector. In fact, Zhu predicts that the housing market crash in China is far from over, and home prices may not stabilize until at least 2025.
The Asia-Pacific markets were mixed on Monday as investors analyzed China’s business activity numbers released over the weekend. China released its official purchasing managers’ index data for August. The manufacturing PMI fell to a six-month low of 49.1, a faster contraction compared to the 49.4 seen in July. The figure also missed the median forecast