Chinese President Xi Jinping reaffirmed the unstoppable nature of China’s scientific and technological progress during a meeting with Dutch Prime Minister Mark Rutte in Beijing. Xi emphasized that the Chinese people have legitimate development rights and that no external force can impede China’s advancement in the tech industry. This statement comes amidst growing tensions between
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The devastating collapse of the Francis Scott Key Bridge in Baltimore has sent shockwaves through the auto industry, prompting carmakers to assess the impact on their operations. This closure of the busiest U.S. auto port has raised concerns about potential disruptions to the supply chain. While many companies do not expect major disruptions at this
In a recent report by management consultancy Bain & Company, it was highlighted that the total value of private equity deals in Asia Pacific experienced a significant decline last year, dropping to its lowest level since 2014. This decrease in value can be attributed to a variety of factors including slowing growth, high interest rates,
During the recent Palm Sunday Mass in St. Peter’s Square, Pope Francis surprised everyone by deciding to skip his homily at the last minute. This unexpected move raised concerns about his increasingly frail health as he navigates a busy Holy Week schedule. Despite being expected to deliver a homily halfway through the service, the 87-year-old
The world was left stunned when Princess Kate of Britain announced on Friday that she had been diagnosed with cancer and was currently undergoing chemotherapy. In a heartfelt video statement, she revealed that what was initially thought to be a noncancerous condition post-surgery turned out to be cancer. The news was a huge shock not
The Competition and Markets Authority (CMA) in the U.K. recently announced that Vodafone’s proposed merger with rival CK Hutchison is set to undergo an in-depth probe unless both companies can provide satisfactory solutions to address the regulator’s concerns. The CMA had initiated its investigation into the potential tie-up back in January, citing worries that the
The Bank of England recently announced its decision to keep interest rates steady at 5.25%, reflecting the concerns over falling inflation rates. The Monetary Policy Committee voted 8-1 in favor of maintaining the current rates, with only one member advocating for a 25 basis point cut to 5%. This decision comes after no members pushed
Singapore has once again proven itself to be the happiest country in Asia for the second consecutive year, as revealed by the 2024 World Happiness Report. With an overall ranking of 30 out of the 143 places surveyed, Singapore has secured its position as a beacon of happiness in the region. This recognition is a
Japan’s central bank, the Bank of Japan (BOJ), made a significant decision on Tuesday to raise interest rates for the first time since 2007. This move marks the end of the world’s only negative rates regime, which had been in place since 2016. The BOJ raised its short-term interest rates from -0.1% to around 0%
China recently released economic data for the first two months of the year, showcasing positive trends that exceeded analysts’ expectations. Retail sales saw a 5.5% increase, surpassing the forecast of 5.2%. Industrial production also experienced growth, with a 7% increase compared to estimates of 5%. Additionally, fixed asset investment rose by 4.2%, higher than the