Larry Lee

Larry Lee

The Latest

  • TikTok Faces Legal Battle in Portugal Over Child Privacy Concerns
    ORACLE DEAL
    A European consumer protection group based in Portugal has filed a lawsuit against the short-video app TikTok, accusing it of allowing children under 13 years old to create accounts without parental consent and neglecting to implement measures for their protection.
  • High-Level Saudi and Iranian Diplomats Set for Landmark Meeting in China
    SAUDI KING
    The highest-ranking diplomats from Saudi Arabia and Iran are scheduled to meet in Beijing on Thursday, according to an Iranian official and Saudi-owned newspaper Asharq al-Awasat. The meeting, facilitated by China, signifies the next phase in the reconciliation process between the two regional adversaries.
  • Gold Surpasses $2,000 Mark as US Economic Data Weakens
    Gold
    Gold prices climbed significantly on Tuesday, exceeding the crucial $2,000 per ounce mark, as the US dollar and yields declined. Weaker US economic data reinforced expectations of a slower pace of rate hikes, despite rising concerns over oil-driven inflation.
  • Qihoo 360 Founder Zhou Hongyi Divorces, Transfers 6.25% Company Shares to Ex-Wife Valued at $1.3 Billion
    Qihoo 360 Founder Zhou Hongyi Divorces, Transfers 6.25% Company Shares to Ex-Wife Valued at $1.4 Billion
    360 Company announced that its founder, Zhou Hongyi, has amicably divorced his wife.
  • India's Bank of Baroda Halts Payments for Russian Oil Above Western Price Cap, Accelerating Shift to Rupee Trade - Report
    Crude Oil
    India's state-run Bank of Baroda has ceased clearing payments for Russian oil sold at prices exceeding the cap established by Western nations, according to three sources with direct knowledge of the situation. This decision could hasten the adoption of a rupee-based trade mechanism.
  • Beijing Cautions US House Speaker Against Meeting with Taiwan's Tsai Ing-wen
    US China Sign Phase One Trade Deal
    On Tuesday, China issued a warning to U.S. House Speaker Kevin McCarthy, cautioning him against "repeating disastrous past mistakes" by meeting with Taiwan's President Tsai Ing-wen. Beijing stated that such a meeting would not promote regional peace and stability but would instead unite the Chinese people against a shared adversary.
  • US Dollar Falters Amid Weak Manufacturing Data, Aussie Dollar Awaits RBA Decision
    Person holding 100 US dollar banknotes.
    The US dollar struggled on Tuesday, following a decline in American manufacturing activity last month, which indicated a slowing economy and overshadowed renewed inflation concerns in the wake of OPEC+'s unexpected output reduction.
  • European Commission President Ursula von der Leyen Set for China Visit Amid Strained Relations
    EU leaders summit in Brussels
    European Commission President Ursula von der Leyen is scheduled to visit China from April 5th to 7th, as announced by the Chinese foreign ministry on Monday. The visit comes on the heels of her remarks about the strained relations between the European Union (EU) and Beijing.
  • Iran's President Ebrahim Raisi Accepts Invitation for Historic Visit to Saudi Arabia - Report
    Ebrahim Raisi
    Iranian President Ebrahim Raisi is set to visit Riyadh, following an invitation from King Salman bin Abdulaziz Al Saud of Saudi Arabia
  • China Warns Japan Against Supporting US Chip Export Restrictions Amid Tech Supremacy Battle
    PUMPING LIFE INTO CHIP INDUSTRY
    Chinese Foreign Minister Qin Gang cautioned Japan against backing US restrictions on China's semiconductor industry, as Washington continues to seek support for its chip export limitations. Qin urged Japanese counterpart Yoshimasa Hayashi on Sunday not to assist the US, stating, "What you do not want, do not do to others," according to a CNBC translation of a Chinese foreign ministry statement.
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