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Taiwan Eyes Alaska LNG Deal to Boost U.S. Energy Ties

Jun 07, 2025 11:15 am UTC| Economy Politics

Taiwans top official Pan Men-an confirmed his visit this week to Alaskas North Slope, the proposed site of the massive Alaska LNG project, a U.S.-backed energy initiative that has drawn strong interest from Asia. The visit...

China’s Industrial Policy Faces Productivity Challenges Despite BYD, DeepSeek Success

Jun 07, 2025 11:12 am UTC| Economy

Chinas aggressive industrial policy has led to the rise of global firms like EV giant BYD and AI innovator DeepSeek, but it has not delivered the productivity gains President Xi Jinping seeks. Despite heavy investment in...

USDA Faces Scrutiny Over Trade Report Delay, Tariff Impact Omission

Jun 07, 2025 06:25 am UTC| Economy Insights & Views

Concerns are mounting over the credibility of U.S. Department of Agriculture (USDA) trade data following a delayed quarterly report and the omission of key explanatory content, according to Reuters interviews with four...

Wall Street Rallies as Jobs Data Eases Fed Cut Fears; Tesla Rebounds

Jun 07, 2025 06:18 am UTC| Economy

U.S. stocks climbed on Friday, boosted by stronger-than-expected job growth and optimism over renewed U.S.-China trade talks. The SP 500 closed above 6,000 for the first time since February, led by gains in technology...

Fed Stays Cautious on Rate Cuts as U.S. Jobs Market Holds Steady

Jun 07, 2025 05:58 am UTC| Central Banks Economy Politics

Federal Reserve policymakers are holding firm on interest rates, signaling no urgency to cut despite political pressure and ongoing trade policy shifts. Fridays jobs report reinforced that stance, showing a steady 4.2%...

China’s FX Reserves Rise Slightly in May, Missing Expectations

Jun 07, 2025 05:48 am UTC| Economy

Chinas foreign exchange reserves increased modestly in May, rising by just $3.6 billion to $3.285 trillion, according to data released Saturday by the State Administration of Foreign Exchange (SAFE). The gain fell short of...

Japan Pushes for Tariff Relief Ahead of G7 Amid Ongoing US Trade Talks

Jun 07, 2025 05:45 am UTC| Politics Economy

Japan reported some progress in its fifth round of trade talks with the United States aimed at resolving tariffs that are damaging its economy, according to Tokyos chief tariff negotiator Ryosei Akazawa. Speaking in...

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Economy

Trump Escalates Greenland Rhetoric, Citing Russia Threat and Pressure on Denmark

U.S. President Donald Trump intensified tensions with Europe on Sunday after claiming that Denmark has failed to counter what he described as a growing Russian threat to Greenland, adding that the United States would move...

Asian Currencies Steady as China Growth Lifts Yuan Amid U.S. Tariff Concerns

Most Asian currencies traded largely unchanged on Monday as markets adopted a cautious, risk-off stance following renewed U.S. tariff threats against Europe, even as slightly stronger-than-expected economic data from China...

Asian Stock Markets Slide as Trump’s Greenland Tariff Threat Shakes Global Sentiment

Asian stock markets mostly declined on Monday as renewed trade tariff threats from U.S. President Donald Trump reignited global risk aversion. Investor sentiment weakened after Trump announced potential tariffs of up to...

China Economic Growth Slows in Q4 as Domestic Demand Weakens Despite Meeting 2025 Target

Chinas economic growth slowed to a three-year low in the fourth quarter, highlighting mounting pressure on the worlds second-largest economy as weak domestic demand, a prolonged property downturn, and structural imbalances...

Oil Prices Steady in Asia as Iran Supply Fears Ease and Trump Tariff Threats Weigh

Oil prices were largely steady during Asian trading on Monday, reflecting a cautious market mood after significant volatility last week driven by geopolitical and trade-related developments. Brent crude futures for March...

Politics

Trump Criticizes NYSE Texas Expansion, Calls Dallas Exchange a Blow to New York

U.S. President Donald Trump has sharply criticized the establishment of a Dallas-based stock exchange branded as a New York Stock Exchange, calling the move unbelievably bad for New York and warning that it represents a...

CBS News to Air Delayed 60 Minutes Report on El Salvador’s CECOT Mega-Prison

CBS News is set to air a previously postponed 60 Minutes investigation on Sunday night, focusing on El Salvadors controversial CECOT mega-prison and the treatment of migrants deported from the United States. The report,...

Vietnam Communist Party Congress to Shape Leadership and Economic Strategy

Hundreds of delegates from Vietnams ruling Communist Party are gathering in Hanoi under tight security for a pivotal week-long congress that will determine the countrys top leadership and set economic and security...

Iran Warns of Harsh Response to Possible U.S. Strike Amid Deadly Nationwide Protests

Irans president has warned that any U.S. military strike against the country would trigger a harsh and regrettable response, as Iran faces mounting international scrutiny over its deadliest wave of protests in decades. The...

Japan Snap Election Fuels Debate Over Consumption Tax Cut Amid Rising Living Costs

Japans expected snap general election is intensifying debate over a possible cut to the consumption tax, as both ruling and opposition parties signal support for easing the burden on households facing rising living costs....

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10%

Shares of Taiwans Powerchip Semiconductor Manufacturing Corp jumped nearly 10% on Monday following news that U.S. memory chip giant Micron Technology plans to acquire one of Powerchips fabrication facilities in Taiwan,...

Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core

Tesla Inc (NASDAQ: TSLA) is set to restart development of its next-generation supercomputer, Dojo3, marking a renewed push into artificial intelligence infrastructure. Tesla CEO Elon Musk confirmed on Sunday that work on...

South Korea Seeks Favorable U.S. Tariff Terms on Memory Chip Imports

South Korea is moving to secure favorable treatment from the United States on tariffs affecting memory chip imports, following recent trade actions announced by the U.S. government. A spokesperson from South Koreas...

South Korea Sees Limited Impact From New U.S. Tariffs on Advanced AI Chips

South Koreas trade minister said a newly announced U.S. tariff on certain advanced computing chips is expected to have only a limited short-term impact on South Korean companies, while cautioning that future measures could...

Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains

Elon Musk has escalated his legal battle against OpenAI and Microsoft, seeking up to $134 billion in damages over what he claims are wrongful gains stemming from his early involvement in the artificial intelligence...
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