AI R&D Centre Launched in Vietnam by Qualcomm
U.S chipmaker Qualcomm launched an Artificial Intelligence Research and Development Centre in Vietnam, the company said on Tuesday. In a meeting at Hanoi on Tuesday with Alex Rogers, Qualcomm’s president of global affairs, Vietnam’s top leader To Lam urged the company to continue enlarging its operations in the country, including
The US and China to Meet Up for Trade Talks on Monday
A meeting to resolve the trade war between the US and China is scheduled for Monday in London. Last Thursday, Trump and Xi Jinping had a good phone conversation over trade tensions and disputes over crucial minerals. Both countries have agreed to restart the trade in rare earth materials. Last
US-China Tariff Reduction Truce Begins for 90 Days
In a major step to alleviate economic tensions, the US and China have temporarily lifted tariffs on one another’s goods as part of a 90-day trade truce. This marks a watershed moment in the trade war between the two largest economies in the world. The U.S.-China tariff reduction deal will
Trump Threatens China With 50% Tariff as Global Markets Slide
Tensions flared on Monday in the U.S. President Donald Trump escalated his tariff battle with China, threatening a 50% levy on Chinese imports if Beijing does not retract its newly imposed 34% counter-tariff. The warning, issued via Trump’s Truth Social post, comes just days after his “Liberation Day” policy slapped
Japan’s Q4 GDP Slips: Was It The US Tariffs To Blame?
Japan’s economy expanded at a slower pace than reported in Q4 (October-December). The degradation was mainly caused by weaker consumption. GDP (Gross Domestic Product) expanded by 2.2% in the fourth quarter; however, economists forecasted 2.8% growth. At the same time, government officials and analysts shared their concerns about U.S. President
Nvidia Hit by China’s Anti-Monopoly Investigation
Chinese authorities launched an antitrust investigation on Monday against Nvidia, one of the world’s biggest chip manufacturers. According to the authorities, Nvidia has breached the country’s anti-monopoly law. The company’s share value slid by 2.2% after the news broke. However, experts claim that the investigation is retaliation against Washington’s latest
Will Trump’s Tariffs Cripple China’s Economy?
An independent commission advising Congress on China has recommended revoking Beijing’s trade privileges, potentially granting U.S. President-elect Donald Trump more power to impose tariffs on Chinese imports. The Chinese economy is now more vulnerable than ever. It is now believed that Trump may impose 60% tariffs on the import of
Japan Stock Plunge As Much As 7% Amid Asia Sell-Off
Japan’s stock market witnessed a significant drop last week, plugging up to 7% and nearing bear market territory. This dramatic drop is one of the steepest for the Tokyo Stock Exchange in recent years, driven by fears of global economic slowdown, trade tension between the US and China, and monetary
