In the wake of President-elect Donald Trump’s victory announcement, China has expressed a clear intention to foster deeper cooperation with the United States. This overture is particularly significant given the escalating tensions that characterized the previous administration’s term, which saw a heightened imposition of tariffs and sanctions against Chinese imports. The spokesperson for China’s Ministry
Global Finance
In an impressive display of financial performance, the British digital payments firm Wise has reported a significant 55% increase in profits for the first half of its 2025 fiscal year. The company’s profit soared to £217.3 million, a substantial rise from the previous year’s £140.6 million for the same period. This growth can be attributed
The financial markets are no strangers to volatility, but they are particularly sensitive during periods of political uncertainty, especially in a tightly contested election like the one occurring between Vice President Kamala Harris and former President Donald Trump. Recent fluctuations in Treasury yields serve as a stark reminder of how investor sentiment can shift dramatically
Chinese electronics manufacturer Hisense is making headlines with its bold ambition to become the leading television seller in the United States within the next two years. In a recent interview with CNBC, Catherine Fang, the president of Hisense International, outlined the company’s concentrated efforts to strengthen its brand presence in the competitive U.S. market. Central
Affirm, a leading player in the fintech industry, recently announced its official launch of installment loans in the United Kingdom. This marked the company’s first substantial move beyond its North American roots, aiming to capitalize on the growing demand for flexible payment options. Founded in 2012 by Max Levchin, Affirm is renowned for its innovative
As the world watches the unfolding political drama of the U.S. presidential elections, analysts are deliberating on the implications for China’s economic strategy. With the standing committee of the National People’s Congress (NPC) finalizing its meeting, expectations are abound for Beijing to unveil vital fiscal support measures. However, the magnitude and scale of these stimulus
Warren Buffett, often referred to as the “Oracle of Omaha,” has continued to sell off a significant portion of his stake in Apple Inc., marking the fourth consecutive quarter of reductions. As of the end of September 2023, Berkshire Hathaway reported possessing $69.9 billion worth of Apple shares, indicating a staggering 67.2% decrease in value
Berkshire Hathaway’s recent financial maneuvers illustrate not only the acumen of its Chairman, Warren Buffett, but also a shift in the company’s strategic approach amidst a unique market landscape. As the conglomerate reported a staggering cash reserve exceeding $325 billion at the end of the third quarter, the implications of these choices warrant a thorough
In recent developments, the ambitions of the UK government to establish itself as a beacon for artificial intelligence (AI) innovation are being met with skepticism from tech leaders and investors. The recent budget announcements, particularly concerning heightened taxation on businesses, have raised red flags among industry stakeholders, with many fearing that these fiscal changes could
Honor, the smartphone brand born from Huawei’s ambitious project, is gearing up for an initial public offering (IPO) with renewed vigor, thanks to a significant financial injection from a consortium of new investors. Notably, China Telecom, a key player in the country’s telecommunications sector, has stepped in alongside CICC Capital, a major investment bank, and
China’s electric vehicle (EV) market is recognized as one of the most dynamic and competitive automotive landscapes globally. Recently, the spotlight has turned toward Xiaomi, a company primarily recognized for its smartphones and consumer electronics, as it progresses rapidly in the EV sector. With the recent announcement of delivering over 20,000 SU7 EVs in October
In recent years, the landscape of the smartphone market has been noticeably transformed by the increasing incorporation of artificial intelligence (AI) technologies. Particularly in China, local smartphone manufacturers are leveraging AI capabilities to enhance user experience, thus putting considerable pressure on global giants like Apple. This shift indicates an evolving competition that influences consumer preferences