Nvidia faces Chinese investigation amid retaliation for US trade restrictions
Nvidia shares slid amid an escalation in the tech trade war as China launched a probe into the company on suspicion of breaching the anti-monopoly…
Canada to Impose 100% tariff on Chinese-made electric vehicles
In alignment with the United States, Canada announced a 100% tariff on Chinese-made electric vehicles (EVs), including those produced by Tesla. Tesla’s shares fell by…
China cuts 1-year benchmark rate to boost economy as world markets lag
China ratcheted up its effort to reinvigorate its economy on Thursday by cutting a key policy rate and interest paid on bank deposits. ADVERTISEMENTThe move…
China crisis? China’s second-quarter GDP falls short of expectations
China reported weaker-than-expected gross domestic production (GDP) data for the second quarter and softened economic data for June. The country also began its Third Plenum…
US warns China to stop supporting Russia’s war on Ukraine during Beijing meeting
In short: The US Secretary of State urged China to stop providing support for Russia during a meeting in Beijing.China says its relationship with the US is…