Jerry Lin
The Latest
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India Greenlights Tech Giants for Laptop and IT Hardware Imports
Indian government has approved nearly 110 firms, including industry giants such as Apple, Dell, Lenovo, and Samsung, to bring in laptops, tablets, and other IT hardware under its new "import management system." This decision comes on the heels of India's announcement last month, which saw a retreat from its initial plan to implement a licensing regime-a move that faced pushback from global tech sectors and U.S. stakeholders. 
Indian government has approved nearly 110 firms, including industry giants such as Apple, Dell, Lenovo, and Samsung, to bring in laptops, tablets, and other IT hardware under its new "import management system." This decision comes on the heels of India's announcement last month, which saw a retreat from its initial plan to implement a licensing regime-a move that faced pushback from global tech sectors and U.S. stakeholders. -
U.S. Takes the Lead in Global Oil Supply Growth with Record Production
Shale Oil Boom Drives Record U.S. Production On Tuesday, the U.S. Energy Information Administration's monthly report revealed that U.S. crude oil production hit a historic high in August, reaching 13.05 million barrels per day, with a total production of 404.6 million barrels. This surpasses the previous record set in July at 401.73 million barrels. 
Shale Oil Boom Drives Record U.S. Production On Tuesday, the U.S. Energy Information Administration's monthly report revealed that U.S. crude oil production hit a historic high in August, reaching 13.05 million barrels per day, with a total production of 404.6 million barrels. This surpasses the previous record set in July at 401.73 million barrels. -
Belt and Road 2.0: China Unveils Xinjiang Free Trade Zone Amid Western Sanctions
China has unveiled ambitious plans to establish a free trade zone in the northwestern region of Xinjiang, a move seen by many as an effort to bolster its economic influence and counterbalance Western sanctions. This plan is closely tied to President Xi Jinping's larger vision for the Belt and Road Initiative (BRI), an expansive project designed to enhance trade connectivity between China and Europe. 
China has unveiled ambitious plans to establish a free trade zone in the northwestern region of Xinjiang, a move seen by many as an effort to bolster its economic influence and counterbalance Western sanctions. This plan is closely tied to President Xi Jinping's larger vision for the Belt and Road Initiative (BRI), an expansive project designed to enhance trade connectivity between China and Europe. -
Global Central Banks on a Gold-Buying Spree: China Leads with 11 Consecutive Months of Purchases
Rush for Gold Continues Central banks worldwide are aggressively acquiring gold, with the third quarter seeing the third-highest quarterly net gold purchases in history. China has been consistently increasing its gold reserves for 11 straight months. 
Rush for Gold Continues Central banks worldwide are aggressively acquiring gold, with the third quarter seeing the third-highest quarterly net gold purchases in history. China has been consistently increasing its gold reserves for 11 straight months. -
UK Halts Deep-Sea Mining Support: A Reversal for the Controversial Industry?
In a move that has stirred the controversial deep-sea mining sector, the UK announced on Monday that it would suspend its support and sponsorship of deep-sea mining licenses until there's sufficient scientific evidence to assess its impact on ecosystems. 
In a move that has stirred the controversial deep-sea mining sector, the UK announced on Monday that it would suspend its support and sponsorship of deep-sea mining licenses until there's sufficient scientific evidence to assess its impact on ecosystems. -
U.S. Treasury Maps Out $776 Billion Borrowing Amid Bond Market Volatility
Amidst evolving market dynamics and a backdrop of global bond market turbulence, the U.S. Treasury Department unveiled plans to borrow $776 billion in the concluding quarter of 2023. This figure is not only historic for a fourth quarter but also hints at subtle shifts in governmental fiscal strategies, defying some Wall Street expectations. 
Amidst evolving market dynamics and a backdrop of global bond market turbulence, the U.S. Treasury Department unveiled plans to borrow $776 billion in the concluding quarter of 2023. This figure is not only historic for a fourth quarter but also hints at subtle shifts in governmental fiscal strategies, defying some Wall Street expectations. -
Foreign Investors Rapidly Exit India's Stock Market Amid Concerns
Foreign investors are offloading Indian stocks at the fastest pace in months. 
Foreign investors are offloading Indian stocks at the fastest pace in months. -
UK Takes Steps to Regulate Thriving Crypto Sector
The United Kingdom is making moves to establish itself as a regulatory leader in the burgeoning world of cryptocurrencies, with plans to roll out comprehensive regulations for the sector by 2024. This comes as the European Union has already taken steps toward clarifying its stance on digital assets, and as the importance of creating secure, clear frameworks for crypto businesses grows worldwide. 
The United Kingdom is making moves to establish itself as a regulatory leader in the burgeoning world of cryptocurrencies, with plans to roll out comprehensive regulations for the sector by 2024. This comes as the European Union has already taken steps toward clarifying its stance on digital assets, and as the importance of creating secure, clear frameworks for crypto businesses grows worldwide. -
Eurozone's Economic Titan Faces Stagnation as Germany's Growth Falters
Germany, often viewed as the powerhouse of the Eurozone, is showing signs of economic fragility, a trend that could spell trouble not only for itself but for the broader region. Recently released data reveals a dip in Germany's gross domestic product (GDP) by 0.1% in the third quarter, contrasting the minimal growth of 0.1% it experienced in the preceding quarter. This concerning downturn, largely attributed to dwindling consumer spending, casts a shadow over the Eurozone's prospects. 
Germany, often viewed as the powerhouse of the Eurozone, is showing signs of economic fragility, a trend that could spell trouble not only for itself but for the broader region. Recently released data reveals a dip in Germany's gross domestic product (GDP) by 0.1% in the third quarter, contrasting the minimal growth of 0.1% it experienced in the preceding quarter. This concerning downturn, largely attributed to dwindling consumer spending, casts a shadow over the Eurozone's prospects. -
Evergrande Faces December Deadline for Debt Restructuring Proposa
China Evergrande Group, the heavily indebted Chinese property behemoth, finds itself at a crucial crossroad. The Hong Kong High Court has extended a five-week grace period for the beleaguered developer to finalize a deal with its creditors. If Evergrande fails to offer a concrete revised restructuring proposal by December 4th, the firm could face imminent liquidation, per Justice Linda Chan's directive. 
China Evergrande Group, the heavily indebted Chinese property behemoth, finds itself at a crucial crossroad. The Hong Kong High Court has extended a five-week grace period for the beleaguered developer to finalize a deal with its creditors. If Evergrande fails to offer a concrete revised restructuring proposal by December 4th, the firm could face imminent liquidation, per Justice Linda Chan's directive.
