Business Times - Business & Financial News, China & International ...
WEBThe U.S. Department of the Treasury revealed that, as of last Friday, the federal debt has surpassed $34 trillion, setting a new record. This amount equals 1.2 times the U.S. GDP. Moreover, this milestone was reached faster than expected. The Congressional Budget Office had forecasted this debt level wouldn't be hit until the fiscal year 2029.
Chinese Nuclear Submarine Sank at Dock, Satellite Images Reveal
WEB1 day ago · Ethan Zhao. Chinese Nuclear Submarine Sank at Dock, Satellite Images Reveal (Photo: Wikimedia Commons/Public domain) China's ambitious naval expansion efforts have suffered a significant setback with the sinking of its newest nuclear-powered attack submarine, according to U.S. defense officials. Satellite images first noticed by Thomas Shugart ...
China to Unveil $284 Billion Bond Issuance in Major Push to Revive ...
WEB2 days ago · China is set to issue $284 billion in special sovereign bonds this year, marking a significant move aimed at reviving its sluggish economy and countering deflationary pressures. According to Reuters, the Ministry of Finance (MOF) plans to issue two separate tranches of sovereign bonds: one for 1 trillion yuan ($142 billion) to stimulate ...
Fed’s Preferred Inflation Measure Signals Cooling Price Pressures ...
WEB1 day ago · According to the Commerce Department's report released on Friday, the personal consumption expenditures (PCE) price index, a key inflation gauge preferred by the Fed, increased by just 0.1% in August. On an annual basis, the inflation rate now stands at 2.2%, down from 2.5% in July, marking the lowest inflation reading since February 2021.
About Us - btimesonline.com
WEBBusiness Times, is a digital global news publication which initially founded in 2009 and headquartered in Beijing, and moved the operation to New York City in March, 2020. The online publication provides comprehensive coverage and analysis of the most important business, economic, political and technological issues in China and around the world ...
Houthi Missile Aimed at Israel Intercepted: Rebels Warn of …
WEB1 day ago · Israel's missile defense systems intercepted a ballistic missile launched by Yemen's Houthi rebels on Friday, marking the latest escalation in the ongoing regional conflict. The Houthis, backed by Iran, claimed responsibility for the attack, which targeted Tel Aviv and Ashkelon, as part of their ...
Beijing Vows Retaliation as U.S. House Passes Bill Targeting Hong …
WEBSep 13, 2024 · The U.S. House of Representatives has passed a bipartisan bill that could lead to the closure of Hong Kong's trade offices in the United States, escalating tensions between Washington and Beijing. The legislation, known as the Hong Kong Economic and Trade Office Certification (HKETO) Act, was approved with overwhelming support on Tuesday, sparking strong condemnation from both the Hong Kong ...
Philippines and China Trade Blame After High-Stakes Collision …
WEBAug 26, 2024 · Reuters and SCMP contributed to this report. The Philippines and China again found themselves at odds over a maritime incident near the disputed Sabina Shoal. On Sunday, a Philippine resupply mission for its fishermen turned into a confrontation with Chinese vessels, further straining the fragile relationship between the two nations despite ...
Baidu's Q2 Earnings: AI Innovation Leads, Ad Revenue Lags in a ...
WEBAug 23, 2024 · The Chinese tech giant reported a slight dip in revenue to $4.67 billion, a 0.4% decrease year-over-year, falling short of the anticipated $4.70 billion. However, Baidu's adjusted earnings per American Depository Share (ADS) stood at $2.89, significantly surpassing the analyst consensus of $2.58. This …
IBM Shuts Down China R&D Team Amid Rising Geopolitical …
WEBAug 27, 2024 · International Business Machines Corp. (IBM) has announced the closure of its hardware research and development (R&D) team in China, a move affecting fewer than 1,000 employees. This decision is the latest in a series of strategic withdrawals by U.S. tech companies from China, driven by escalating geopolitical tensions, increased local competition, and a shifting economic landscape.