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World

Hong Kong's Status as an International Financial Center at Crossroads

Hong Kong lost its status as a global financial hub amidst shifting rankings and regulatory hurdles. Read the implications of China's tightening grip and cross-border capital flow uncertainties.

May 15, 2024 11:59 PM EDT

News

Is China's Central Bank Gold-Buying Spree a Precursor for War? Part II of II

The idea of a nation acquiring large gold reserves in preparation for military endeavors is not without historical precedent. Prior to World War I, European powers increased their gold reserves, and a century later, Russia's central bank doubled its gold holdings in the years before its invasion of Ukraine. This same strategic stockpiling of gold could be inferred from China and its pre-war positioning for a Taiwan incursion.

News

Is China's Central Bank Gold-Buying Spree A Precursor for War? Part I of II

Since 2009, China has more than doubled its gold reserves. In wartime, particularly in wars perpetrated in violation of international law, the resulting international sanctions can force an invader state to rely on its gold reserves. Thus if a country is preparing to go to war and incur sanctions, it will ensure it has an ample reserve of gold.

News

Costco's Gold Bars Part II: From Africa to the Alps to You

So where exactly does that shiny new "999.9 fine gold minted" bar from Costco come from? Under that "Essayeur Fondeur" Swiss authenticity stamp lies a long, bloody trail of death and tears.

Combating Pollution in China with Smartphone App

Smartphone applications and devices can now be utilized allowing citizens in China in monitoring pollution.

Dec 14, 2015 08:24 PM EST

Samsung Galaxy S7 will have a Pressure-Sensitive Touch Screen With Retina Scanner

Samsung is going to launch a new Galaxy S7 with pressure-sensitive touch screen on March 2016.

Dec 21, 2015 08:05 AM EST

The Plan to File a Lawsuit Against Amazon by the NJ Mayor has been Abandoned

People from all over the world were contemplating if filing a lawsuit against Amazon is justified by NJ Mayor over traffic issues. Surprisingly, within a couple of weeks, NJ Mayor has withdrawn his decision to sue Amazon and clarifies the reason behind his sudden decision change.

Dec 14, 2015 08:50 PM EST

Taylor Swift’s World Concert Documentary Launch on Apple Music Exclusively on 20th December, 2015

Taylor Swift gave an excellent gift to her fans by announcing the launch of the Concert documentary on her birthday. She will launch it on Apple Music before Christmas on 20th December 2015.

Dec 14, 2015 11:48 PM EST

Airbus owners reach out future operators for Singapore Airlines’ planes

The owners of five Airbus' A380s leased to Singapore Airlines seek for potential future operators for the planes as the Airlins is still mulling whether to extend the leases.

Dec 15, 2015 03:36 AM EST

Asian stocks trade lower on thin volumes; Oil below $36/ bbl

Asian stocks were trading lower ahead of US Federal Reserve meeting, which will be held during 15-16 December 2015. Barring Shanghai index, all Asian indices ended lower on thin volumes. Oil price slipped below $36 a barrel. Japanese Nikkei index dropped to 10-week low. The Wall Street ended withlosses last week.

Dec 15, 2015 02:08 AM EST

Renault-Nissan’s CEO: Electric vehicle is an affordable solution to reduce global emissions

The CEO of Renault-Nissan Alliance Carlos Ghosn stated that the electric vehicle is the practical and affordable way to reach the goal of a low carbon economy. The statement follows the COP21 event in Paris that goals to reduce gas emissions that cause climate change.

Dec 15, 2015 02:06 AM EST

Alibaba Ventures into the Print Media Business Buying The South China Morning Post For Around $262 million

Alibaba buys The South China Morning Post for approximately US$262 million. It is being said that that the business skill of Jack Ma, the founder of the internet giant Alibaba can surely help SCMP grow.

Dec 14, 2015 06:47 AM EST

West Coast mayors will form consortium to build highway for electric vehicles

The mayors of five West Coast cities held a summit in Portland last week to discuss the ideas to reduce carbon emissions in the cities. The mayors commit to forming a consortium for electric vehicles, to increase the use of EVs in the cities.

Dec 15, 2015 02:04 AM EST

Cotton piles up at warehouses globally

The increasing volumes of global inventories are giving lesser chances for price rise on cotton. However, the cotton output in the US, China and India is expected to be lower this season. Hedge funds are bullish on cotton prices. Cotton has been doing well this year among other commodities. India is expected to be world's largest cotton producer during 2015-16 replacing China.

Dec 15, 2015 02:02 AM EST