US Manufacturing Sector Shows Signs of Meaningful Slowdown The US manufacturing sector experienced a significant downturn in December, according to data released by the Philadelphia Federal Reserve Bank on December 19th.The manufacturing index plummeted to -16.4, a stark contrast to November’s -5.5 and the lowest point in nearly two years. This dramatic drop signals a … Read more
Tokyo, Japan – The Nikkei Stock Average closed lower on December 19th, marking its fifth consecutive day of decline. The index finished at 38,813.58 yen, a decrease of 268.13 yen from the previous day’s trading. This downturn comes despite the Bank of Japan (BOJ) holding steady on interest rates, a decision that surprised some market … Read more
Nippon Steel’s US Steel Acquisition Bid Under CFIUS Review Table of Contents Nippon Steel’s US Steel Acquisition Bid Under CFIUS Review Biden Governance Likely to Block Nippon Steel’s US Steel Acquisition Building Trust: A Foundation for Success in Today’s World Global Implications of Trust CFIUS Review Raises Questions About Nippon Steel’s Bid for US Steel … Read more
japanese Auto Giants Unite to Electrify the Future Table of Contents japanese Auto Giants Unite to Electrify the Future Nissan and Renault in Talks for Major Restructuring Japanese Automakers Rev Up Profits with Cost-Cutting Measures Potential Tech Merger Could yield Significant Profit Gains Nissan and Honda in Talks for Potential Mega-Merger Honda Stock Dips amidst … Read more
BEIJING – In a strategic move to bolster its position in the competitive electric vehicle (EV) market, Goyue, the joint venture between Chinese tech giant Baidu and automotive manufacturer Geely Automobile, announced on December 11th its intention to raise additional funds and streamline operations. The decision comes as the company faces increasing pressure from rivals … Read more
President-elect Donald Trump’s transition team is considering a move that could substantially impact the future of electric vehicles in the United States. Sources close too the transition team have revealed that they are exploring the possibility of canceling a multibillion-dollar contract to electrify the U.S. Postal Service’s (USPS) delivery fleet. This potential cancellation is expected … Read more
In the US stock market trading on the morning of the 28th, the market capitalization of Berkshire Hathaway, the investment company led by the famous investor Warren Buffett (pictured), reached the $1 trillion range. Photo taken in May (2024 Reuters/Scott Morgan) 2024-08-28 14:28:00 #Berkshire #Hathaways #market #capitalization #exceeds #trillion #reflecting #confidence #Buffett
On June 6, a massive breach in a dam controlled by Russia that holds water equivalent to the Great Salt Lake in Utah flooded a portion of the war-torn southern region of Ukraine. Both Russia and Ukraine blamed each other for the catastrophic breach of the Nova Kakhovka dam. The dam supplies water to Ukraine’s … Read more
The Global Times, an official mouthpiece of the Chinese government, has condemned the recent G7 summit in Hiroshima as an “anti-China workshop.” The summit, which was attended by leaders of seven rich countries including the United States, released a joint communique on Saturday which singled out China on issues including human rights, economic coercion, Taiwan, … Read more
Geoffrey Hinton, a pioneer in the field of artificial intelligence, recently spoke to Reuters about the potential threat posed by AI to humanity. According to Hinton, AI could be a “more urgent” risk than climate change. Hinton co-authored a landmark paper on neural networks in 1986 and was awarded the Turing Award in 2018 for … Read more