A chip-making powerhouse is reborn in Japan
TOKYO – In a mark of the AI boom times, Japan’s Kokusai Electric is building its first new in-country factory in 35 years.
Block 1 asian news
China on the horns of a Fed rate cut dilemma
The People’s Bank of China (PBoC) faces a crucial policy dilemma as it weighs following the US with significant monetary easing to tamp down an appreciation of the yuan while seeking to avoid crimping Chinese bank profits.
Asia left to wonder what’s spooking the Fed
Jerome Powell must be relieved about how the Federal Reserve’s first rate cut in more than four years went down with global investors. Markets took his bigger-than-expected 50 basis-point easing move very much in stride.
Ukrainians increasingly willing to cede land for peace: survey
The Ukrainian president, Volodymyr Zelensky, is trying his best to shake up the dynamics of the Russia-Ukraine war. He recently undertook a major cabinet reshuffle in which he replaced no fewer than nine ministers, including his foreign minister, Dmytro Kuleba.
Exploding pagers could ignite full-scale Mideast war
The alleged Israeli attack on members of Hezbollah via their pagers is another ominous development propelling the Middle East towards a full-scale regional war. It leaves Hezbollah with little option but to retaliate with the full support of the Iran-led “axis of resistance.”
BRIC by BRIC, de-dollarization only a matter of time
At a campaign rally in Wisconsin, US presidential candidate Donald Trump stepped up his America First campaign earlier this month by vowing to impose 100% tariffs on goods from any nation that shifts away from the dollar.
Why ‘King Dollar’ could scoff at Fed rate cuts
The upside-down nature of the global economy may reach new extremes if and when expected Federal Reserve rate cuts fail to weaken the US dollar.
Biden, NATO effectively declaring war on Russia
There is no other way to interpret it: Washington and its client NATO members are declaring war on Russia.