Negative opinions about China have soared among countries and reached a record high for most of the 14 countries polled, according to a recent Pew Research Center. Negative views of China reached their “highest points” in 9 of those countries since the research center began polling on this issue more than 10 years ago, the […] Read more
British Prime Minister Boris Johnson pledged Tuesday to tap United Kingdom’s offshore wind energy to power every home in the country by 2030, to be a part of the world’s shift away from fossil fuels. “As Saudi Arabia is to oil, the U.K. is to wind—a place of almost limitless resource, but in case of […] Read more
Dr. Scott Gottlieb on Monday lamented the persistent spread of the coronavirus in the U.S., suggesting the nation’s response pales in comparison to other places around the world. “The entire Pacific Rim has less than 1,000 infections a day. Having a raging epidemic is not inevitable,” Gottlieb said on “Squawk Box,” referring to countries such […] Read more
China — China’s technology giants — like their U.S. counterparts — have seen business thrive during the coronavirus pandemic. But the tech industry is at a crossroads, facing an uncertain economic and geopolitical environment. China’s gradual though uneven economic recovery, Beijing’s focus on domestic consumption, and the digital trends that have been accelerated by Covid-19 are […] Read more
President Donald Trump announced early Friday he and first lady Melania Trump have tested positive for coronavirus, plunging the United States into further upheaval and uncertainty just over a month away from Election Day. The White House physician said the president and first lady were “both well” at the moment. In a tweet shortly before 1 a.m. ET, Trump […] Read more
Google said it will pay publishers around $1 billion for news over the next three years. The pledge was announced by Google Chief Executive Sundar Pichai in a blog post on Thursday. “I have always valued quality journalism and believed that a vibrant news industry is critical to a functioning democratic society,” Pichai said. News publishers including […] Read more
As China’s leaders get ready to release their national development plan for the next five years, some government advisors emphasize the priority is building up China’s domestic strength. Chinese authorities have stepped up their efforts to shift the economy from one reliant on exports to one driven by domestic consumption. The country faces the shock […] Read more
China — The U.S. government has reportedly imposed restrictions on exports to SMIC, China’s biggest chip manufacturer, a move that threatens Beijing’s push to become more self-reliant in one of the most critical areas of technology. Suppliers for certain equipment to SMIC will need to apply for an export license, according to a letter sent to […] Read more
Not all of China is recovering from the economic hit from coronavirus at the same rate, survey finds
The economic recovery in China from the shock of the coronavirus is only happening in part of the country, according to an independent survey by the China Beige Book released Thursday. The world’s second-largest economy was the first country to get hit by the coronavirus pandemic. More than half the country shut down in early February […] Read more
Stocks fell sharply on Monday as fears about the worsening coronavirus as well as uncertainty on further fiscal stimulus rattled traders. The Dow Jones Industrial Average dropped 804 points, or 2.9%. The S&P 500 lost 2.6% while the Nasdaq Composite fell 2.3%. Monday’s decline put the Dow on pace for its worst day since June […] Read more
