Macro

Oil Climbs as Hopes for Imminent Strait of Hormuz Deal Fade

Crude climbs above $84 in the U.S. and past $89 internationally as hopes for an imminent Strait of Hormuz reopening deal collapse into deadlock.

Riot Platforms Surges on $9.1 Billion AI Compute Deal With Anthropic

Bitcoin miner Riot Platforms struck a 20-year, $9.1 billion compute deal with AI developer Anthropic, sending shares higher and highlighting the crypto-to-

CoreWeave Stock Jumps 10% as Revenue Doubles, Debt Hits $35 Billion

CoreWeave shares rose about 10% after revenue more than doubled on AI infrastructure demand, though the company carries roughly $35 billion in debt.

U.S. July Inflation Report Lands Wednesday, Shaping Fed’s Next Rate Move

The U.S. consumer price index due Wednesday is expected to show a modest July rise, giving the Federal Reserve a key signal on its next rate move.

Medicaid Ends Federal Funding for Gender-Affirming Care for Minors

The Trump administration will halt Medicaid and CHIP funding for gender-affirming surgeries and hormone treatments for transgender minors starting October

Industry leaders urged to empower specialized SMEs with technology and talent

According to experts, more policy support is anticipated to expand financing channels for small and medium-sized enterprises (SMEs) that specialize in niche industries with...

Beijing-Tianjin-Hebei GDP Reaches $1.46 Trillion, Showing Coordinated High-Quality Development

China's Beijing-Tianjin-Hebei region, a major economic zone, recorded a combined GDP of 10 trillion yuan ($1.46 trillion) in 2022, which is 1.8 times the...

Xinjiang’s Urumqi International Land Port Area Set to Boost Trade with Europe and Central Asia in 2023

The Urumqi International Land Port Area is set to unleash its potential further this year, according to local officials in the Xinjiang Uygur autonomous...

Chinese Political Adviser and Railway Researcher, Zhang Geming, Aims to Boost Technological Innovation in Rail Transport

Railway expert and political adviser, Zhang Geming, has been hailed for his outstanding contributions to promoting the high-quality development of China's railway system. A...

Devialet to increase investment in China with additional brick-and-mortar stores in second-tier cities

Devialet, the French audio technology company, is increasing its investment in China with plans to open more brick-and-mortar stores in second-tier cities in an...

Foreign investment in China surges to $19.02 billion in January

The Chinese economy continues to attract significant amounts of foreign capital, with the actual use of foreign capital on the Chinese mainland hitting 127.69...

China’s Cross-Border E-commerce Market Reaches Trillion-Dollar Scale, Encourages New Brands

The growth of cross-border e-commerce has become an increasingly important aspect of China's foreign trade and economic growth, particularly as the country recovers from...

East China Unveils Measures to Boost Inbound Tourism After Cross-Border Travel Resumes

Provinces in East China are gearing up their efforts to welcome back inbound tourists with open arms, following the resumption of normal cross-border travel....

Inner Mongolia commerce department leads business mission to the Middle East

A wave of Inner Mongolian enterprises is set to make their way to the United Arab Emirates (UAE) and Saudi Arabia in search of...

China’s Hubei Province Hosts Nearly 2,500 Job Fairs for 856,000 Job Openings

As China's economy bounces back, job seekers are flooding to the job fairs in Hubei province, a major industrial province. The "Spring Breeze" event,...

China’s Petrochemical Industry Sees 14.4% YoY Revenue Growth in 2022 Despite Profit Dip

China's petrochemical industry experienced mixed fortunes in 2022, with revenue rising significantly but profits declining, according to the China Petroleum and Chemical Industry Federation...

China and Central Asia Strengthen Industrial and Investment Cooperation

China and the five Central Asian countries -- Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan -- share a broad space for industrial and investment cooperation,...

China announces plan to improve product quality and enhance competitiveness by 2025

China is stepping up efforts to improve the quality of its products and services, and enhance the influence of its brands, by 2025. According...

EU lifts COVID-19 travel restrictions on Chinese travelers

European Union (EU) countries are gradually removing travel restrictions on travellers from China. This move comes as health experts from the 27 EU members...

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