China has voiced strong opposition to the United States’ continued tariff hikes on Chinese imports, reiterating its stance that these measures are unjust and harmful to both countries. In a statement issued on Saturday, Beijing’s Ministry of Commerce condemned the U.S. tariffs and called for an...

China's economic growth continues to falter, with recent data highlighting weaker-than-expected industrial output, retail sales, and new home prices. This slowdown has raised the urgency for bold stimulus measures to reinvigorate the world’s second-largest economy. As China grapples with its...

The ongoing US-China trade war may soon have a new front as the Biden administration prepares to close a trade law loophole that has enabled Chinese e-retailers like Shein and Temu to sell products at rock-bottom prices in the US. If enacted, these changes could lead to significant price hikes for...

The U.S. dollar slid against the yen on Friday, while gold prices reached an all-time high as speculation intensified around a potential super-sized interest rate cut by the U.S. Federal Reserve. As investors brace for the Federal Reserve’s meeting next week, the relationship between the dollar and...

The British Prudential Regulation Authority (PRA) has delayed the introduction of Basel 3.1 standards for banks, building societies, investment companies, and financial holding companies until January 1, 2026, for a period of six months. The PRA mentioned a four-year transition period ending on...

The European Central Bank (ECB) reduced its interest rates once again on Thursday, signalling its ongoing efforts to combat slowing inflation and economic growth. While this move was widely anticipated, the ECB offered no clear indications regarding its next steps, leaving investors to speculate...

The US House of Representatives passed the Biosecure Act on Monday, a bill aimed at restricting business with several Chinese biotech companies, including WuXi AppTec, BGI, and other firms, citing national security concerns. This move comes as US-China relations continue to deteriorate, strained by...

German car manufacturer BMW has revised its 2024 projections downward because of the halt in deliveries and recall of certain vehicles with faulty integrated braking systems (IBS) from a supplier. Based on the company's official statement, over 1.5 million vehicles are impacted by the IBS issues....

China's leaders have eased certain limitations on foreign investment in the economy to promote growth, according to The Wall Street Journal. The State Development and Reform Committee and the Ministry of Commerce of China announced in a joint statement that only 29 industries will remain closed to...