A digital artwork sold for nearly US$70 million at Christie’s on Thursday, in the first ever sale by a major auction house of a piece of art that does not exist in physical form. Everydays – The First 5,000 Days is a digital work by American artist Mike Winkelmann, known as Beeple. The JPG file is […] Read more
WASHINGTON – For the first time since President Joe Biden took office, senior U.S. officials will hold high-level, in-person talks with Chinese representatives next week in Alaska. Secretary of State Antony Blinken and National Security Advisor Jake Sullivan will meet in Anchorage, Alaska on March 18 with the People’s Republic of China’s Yang Jiechi, a […] Read more
Bitcoin’s value surpassed $1 trillion on Tuesday as the price of the cryptocurrency jumped. The digital coin’s price rose on Tuesday and its market capitalization went above $1 trillion in mid-morning trade Singapore time, according to CoinDesk. Bitcoin extended those gains hitting a 24-hour high of $54,348.57 in early afternoon Singapore time, around 7% higher than […] Read more
The Senate on Friday approved by unanimous consent a bill that would increase oversight on Chinese-funded cultural centers, or Confucius Institutes, on university campuses. According to Human Rights Watch, Confucius Institutes “are Chinese government-funded outposts that offer Chinese language and culture classes.” However, some politicians have accused them of spreading propaganda. Sens. Marco Rubio and Marsha […] Read more
Citi thinks bitcoin is at a “tipping point” and could one day “become the currency of choice for international trade” as companies like Tesla and PayPal warm to it and central banks explore issuing their own digital currencies. “There are a host of risks and obstacles that stand in the way of Bitcoin progress,” the U.S. bank’s global perspectives and solutions team […] Read more
China stands a good chance of doubling the size of its economy by 2035 — and surpassing the U.S. as the world’s largest economy along the way, said an economist from the Bank of America. As China seeks to become an advanced nation, Chinese President Xi Jinping said in November that it was possible to double the country’s gross […] Read more
Agriculture Secretary Tom Vilsack believes China is making good on promises it made as part of the landmark phase one trade deal it signed with the U.S. last year. Vilsack said that the deal allows for market conditions to dictate how much Beijing is required to purchase from U.S. farmers. The Covid pandemic, he added, would […] Read more
Cuba’s most advanced Covid-19 vaccine candidate is scheduled to enter late-stage clinical trials next week, nudging the tiny island nation ever closer to an extraordinary medical achievement that analysts believe will have far reaching consequences throughout the global south. Cuba’s most promising vaccine candidate, of the four it has in development, is called Soberana 02. The […] Read more
Cuba’s most advanced Covid-19 vaccine candidate is scheduled to enter late-stage clinical trials next week, nudging the tiny island nation ever closer to an extraordinary medical achievement that analysts believe will have far reaching consequences throughout the global south. Cuba’s most promising vaccine candidate, of the four it has in development, is called Soberana 02. The […] Read more
China’s Foreign Minister Wang Yi on Monday called on the new U.S. administration to stop the “suppression” of Chinese technology companies, as he laid out conditions for U.S.-China cooperation going forward. Citing national security concerns, former U.S. President Donald Trump sanctioned dozens of Chinese companies in the last three years. Chinese telecommunications giant Huawei is one […] Read more
