News analysis Amid soaring inflation, mainland China and Hong Kong central banks chose to respond in opposing ways to the U.S. Federal Reserve’s aggressive interest rate hikes, with China loosening its monetary policy, and Hong Kong raising interest rates. On June 15, the Fed raised the primary credit rate by 75 basis points, the largest increase…
Behind China and Hong Kong’s Different Responses to US Interest Rate Hikes
Chinese Credit Service Shares Customer Data With Central Bank Amid Regulatory Crackdown
Chinese credit and loan service company Huabei will send its customer data to a database run by China’s central bank. The move signals more regulatory oversight of the financial technology industry. Huabei, which means “just spend it” in Chinese, stated in a notification released on Sept. 22 that consumer credit data has been integrated into…
US News
- Jack BradleyThe Irvine City Council Jan. 24 failed to pass a motion to launch an independent investigation after political consultant Melahat Rafiei last week—in a plea agreement relating to an FBI… [...]
- Henry JomAustralia’s Defence Minister Richard Marles has said that the AUKUS deal will be one of the nation’s most significant national security decisions in decades as the federal government is set… [...]
- Mimi Nguyen LyThe U.S. military carried out a counterterrorism operation on Jan. 25 in Somalia that killed multiple ISIS terrorists, among them Bilal-al-Sudani, according to the Pentagon. Secretary of Defense Lloyd J.… [...]
- Victoria Kelly-ClarkThe United States and Papua New Guinea (PNG) are set to negotiate a defence cooperation agreement just after Australia and the southern Pacific nation agreed to a broad-reaching security agreement… [...]
- Mimi Nguyen Ly, Joshua PhilippCalifornia’s controversial COVID-19 misinformation law, which bars doctors from providing “misinformation” or “disinformation” related to COVID-19, is an unprecedented effort by those in power to block doctors from sharing their… [...]
- Daniel Y. TengTeam members of the Cairns Taipans have decided against wearing a special Pride Round jersey in response to a “barrage of abuse and harmful commentary” targeting individual players. The Australian… [...]
- Zachary StieberExperts who advise the U.S. Food and Drug Administration (FDA) on immunizations were supportive on Jan. 26 of a planned pivot on COVID-19 vaccines. Members of the Vaccines and Related Biological… [...]
- Lee SmithBig pharma has a good deal with big government—even if someone is hurt by a vaccine, the drug maker is exempt from liability claims. Lack of accountability then is at… [...]
- Brad JonesThe California Department of Water Resources (DWR) announced Jan. 26 it expects to deliver 30 percent of requested water to its public water agencies in 2023—1.27 million acre-feet—up from the… [...]
- City News ServiceSANTA ANA, Calif.—The family of an Orange County deputy public defender who died in Mexico while celebrating his first wedding anniversary was expecting to receive the body Jan. 26 so… [...]