Chinese companies have shown a strong desire to list on U.S. stock exchanges, but the IPO process has become increasingly complex, according to Kobe Ge, the head of China at the New York Stock Exchange. Although there were challenges due to COVID-19 restrictions and regulatory uncertainty, many of these issues have been resolved, and there
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Canada has recently made the decision to recall 41 diplomats and their families from India after New Delhi issued an ultimatum that diplomatic immunities would be revoked unless Canada complied with demands for equal diplomatic staffing. In response to this threat, the Canadian Foreign Ministry confirmed that India has formally communicated its plan to remove
The latest data from the Labor Department reveals a decline in initial filings for unemployment benefits, suggesting a resilient US labor market. For the period ending October 14, weekly jobless claims reached a seasonally adjusted total of 198,000, which is 13,000 less than the previous week and below the Dow Jones estimate of 210,000. This
Foxconn, the renowned Apple iPhone supplier, has revealed its semiconductor strategy to prioritize the production of “specialty chips” rather than competing in cutting-edge chip technologies. Chiang Shang-Yi, the chief strategy officer for semiconductor at Hon Hai Technology Group, emphasized that they do not strive to chase the most advanced technology. Instead, they concentrate on specialty
Top economists and central bankers are in agreement that interest rates will remain higher for an extended period, which has created uncertainty in global markets. In response to soaring inflation rates, central banks worldwide have aggressively increased interest rates over the past year and a half. While the U.S. Federal Reserve paused its hiking cycle
In the midst of escalating tensions between Israel and Palestine, China has urged Israel to cease its collective punishment of Palestinian civilians in the Gaza Strip. As Secretary of State Antony Blinken traveled throughout the Middle East to mitigate the possibility of a wider war, China’s Foreign Minister Wang Yi conveyed the international community’s call
Australia’s recent referendum to recognize Indigenous people in the constitution has resulted in a resounding rejection, dealing a significant blow to the country’s efforts for reconciliation with its First Peoples. With 45% of the vote counted, the “No” vote is leading with 57.35% to 42.65% in favor of “Yes.” Australian broadcaster ABC and other TV
Social media platforms have become battlegrounds for disinformation, hate speech, and violent posts, particularly during times of conflict. As the recent Israel-Hamas war unfolded, European Commissioner Thierry Breton issued a stark warning to leading social media platforms like Meta, TikTok, and X (formerly Twitter) regarding the spread of harmful content. Unlike the United States, where
Hedge fund manager Dan Niles has made a bold statement by revealing that he is shorting Tesla’s stock, despite his bullish outlook on the broader market. In an interview with CNBC’s “Squawk Box,” Niles cited several significant headwinds that could potentially push Tesla’s stock lower in the coming months. Although the stock has more than
China’s consumer spending has been slow to regain momentum since the onset of the global pandemic. Despite a slight pickup in retail sales during the recent Golden Week holiday, the overall trend shows less than 3% growth annually since the start of the pandemic. Experts predict that recovery will be gradual, and it is unlikely