Aarav Shen

Aarav Shen covers world news and global markets for Beijing Times, reporting on geopolitics, economic policy, and the forces shaping international affairs.

Alibaba to Raise $10 Billion in New Shares for AI Buildout

Alibaba said on Sunday it will issue HK$80 billion (about $10.2 billion) in new Hong Kong shares, directing all proceeds to AI infrastructure.

Nvidia Warns Customers of AI Server Price Hikes Above 15%

Nvidia has told major customers that servers containing its AI chips could rise more than 15% in price, driven by soaring memory costs, Bloomberg reported.

US Hits Canada With 50% Tariffs on $20 Billion of Goods After Talks Fail

The US imposed 50% tariffs on about $20 billion of Canadian goods after trade talks collapsed. Canada will retaliate dollar-for-dollar from September 8.

Paramount and California Set Monday Talks to Settle Warner Bros. Lawsuit

Paramount and California's attorney general plan preliminary talks Monday to discuss settling an antitrust lawsuit over the proposed Warner Bros. Discovery

Ukrainian Drones Kill at Least 10, Strike Ozon Retail Warehouse in Russia

Ukrainian drone attacks killed at least 10 people across Russia on Saturday, striking an Ozon warehouse and an industrial site, Russian officials said.

ESPN Co-Founder Bill Rasmussen Dies at 93 From Parkinson’s

Bill Rasmussen, who co-founded ESPN in 1979 and launched round-the-clock sports television, has died at 93 from the effects of Parkinson's disease.

Ukraine’s Ousted Defence Minister Fedorov Demands Wartime Elections

Former Ukrainian defence minister Mykhailo Fedorov called on August 19 for elections during the war, the first such demand since Russia's 2022 invasion.

US Treasury Doubles Bond Buybacks as National Debt Hits $40 Trillion

The U.S. Treasury has doubled its bond buyback operations as national debt reached $40 trillion, aiming to steady demand amid rising long-term yields.

Iran Warns New US Sanctions Violate Other States’ Sovereignty

Iran denounced proposed US sanctions on Thursday as a violation of other states' sovereignty, while Treasury Secretary Scott Bessent defended the measures.

Roberts Lets Trump Continue $400M White House Ballroom Work For Now

Chief Justice John Roberts signed a temporary order Friday allowing construction of Trump's $400 million White House ballroom to continue while the court w

Pentagon Fires Stars and Stripes Editor Erik Slavin Over Insubordination

Stars and Stripes editor-in-chief Erik Slavin said on Friday he was fired for insubordination, calling it retaliation for defending editorial independence.

Bitcoin Tops $79,000 in Best Week Since 2023 as Short Squeeze Fuels Rally

Bitcoin climbed above $79,000, its strongest week in over two years, driven by a short squeeze, rising ETF inflows and new CFTC rule-making.

US Tightens Iran Sanctions as Tehran Families Cut Food and Medicine

US sanctions and a naval blockade are squeezing Iran's economy as JD Vance defends the pressure campaign nearly six months into the war.

Bessent Says U.S. Will Avoid Large-Scale Iran Combat, Urges China to Join Sanctions

Treasury Secretary Scott Bessent said Thursday the U.S. will rely on economic pressure over large-scale combat against Iran and urged China to join the san

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