China's Finance Minister, Lan Fo’an, hinted at possible economic boosts on Saturday but didn't reveal any concrete plans. This comes after the economy's slow recovery from COVID-19 restrictions lifted in late 2022. Companies are cautious, cutting back on jobs and pay, while a struggling property mar
This week, China is putting a new tax on brandy coming from the European Union. Customs officials will start collecting deposits, around 30.6% to 39% of the brandy's value, from companies importing the drink. This change comes after a previous decision in August not to impose any taxes, despite find
The Senate Finance Committee met recently to discuss extending two important trade programs: the African Growth and Opportunity Act (AGOA) and the Generalized System of Preferences (GSP). These programs help remove trade barriers for African goods coming into the U.S. AGOA is due to expire next year
California Governor Gavin Newsom vetoed a bill aimed at regulating large AI models before their release to the public. He criticized the legislation for applying strict standards to basic functions and not focusing enough on potential risks from the technology. The governor encouraged lawmakers to r
China, the world's second-largest economy, is facing a prolonged economic slowdown. The country's factory activity has contracted for five straight months, with a purchasing managers' index (PMI) reading of 49.8 in September. While this is higher than expected, it still indicates a contraction in ma
As the United Nations General Assembly gathered to address pressing global issues, China's foreign minister, Wang Yi, took center stage to reiterate his country's commitment to promoting peace and stability around the world. With a focus on the ongoing conflict in Ukraine, Wang emphasized the import
Former President Jimmy Carter's legacy in foreign policy is marked by his courageous pursuit of peace and human rights. He tackled challenging issues like the Panama Canal Treaties, which improved U.S.-Latin American relations, and the Camp David Accords, maintaining peace between Israel and Egypt s
Coco Gauff and Carlos Alcaraz are making waves in the tennis world, not just with their impressive skills on the court, but also with their cultural flair off the court. The young tennis stars recently visited the Forbidden City in Beijing, China, and their traditional Chinese outfits stole the show
China's defense industry has been on a mission to modernize its forces, but it seems a major setback has occurred. The newest nuclear-powered submarine, part of the country's ambitious Zhou-class line, has reportedly sunk pierside earlier this year. The incident has left many wondering about the Chi
China's economy is getting a much-needed boost with a series of bold policy moves. The country's central bank has slashed the mortgage rate for existing homeowners, while also reducing the amount of cash commercial banks must hold in reserve. This means banks will have more money to lend to real est
