Month: September 2021

Universal Studios Beijing Opens Amid Concerns Over China Influencing Western Entertainment

September 27, 2021
AnalysisChinaChina Business & EconomyChinese RegimeEntertainmentEntertainment NewsFilm & TVHollywoodOpinionThinking About ChinaUniversal StudiosUS-China relations
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News Analysis Universal Studios inaugurated a resort in Beijing on Sept. 20, after a two-decade wait, amid concerns over the Chinese Communist Party’s (CCP) influence on the Western entertainment industry. The CCP aims to create a positive image of itself by influencing Hollywood through large investments and the potential of entering, or being restricted from,…

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Pfizer’s Israel ‘Experiment’ Reveals Likely Future

September 27, 2021
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A Pfizer executive has described Israel as a unique “laboratory” to assess COVID jab effects, saying whatever happens there can reliably be expected to happen elsewhere, months later. Israel’s N12 News obtained a recording of a Zoom meeting with academics in which a Pfizer vice president and its chief scientist, Dr. Philip Dormitizer, discussed the…

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Risk FX Rallies, Safe Havens Offered as Evergrande Fears Ebb

September 27, 2021
Asia & PacificAustraliaAustralianBusiness & EconomyCanadaChinaChina Business & EconomyCompaniesDollarEconomieseconomyEuropeevergrandefearsFXMarketsUKUSUS NewsWorld
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LONDON—The risk-sensitive Australian dollar rallied and the safe-haven yen dipped to a nearly three-month low on Monday, as fears of widespread market contagion from indebted China Evergrande Group receded. Rising commodity prices also helped the Aussie and Norway’s crown, while the yen was pressured as higher U.S. yields attracted Japanese investor money. The euro traded…

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European Stocks Rise, Wall Street Futures Point to Gains as Investors Digest German Election Outcome

September 27, 2021
Business & EconomyEconomieseconomyEuropeEuropean marketsGerman electionInternationalInvestmentMarket WatchMarketsUSUS NewsWall Street futuresWorld
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European stocks edged up and Wall Street futures pointed to early gains as investors digested the outcome of the election in Germany, with apparent relief that the far-left Linke party failed to secure enough votes to enter Parliament and so boosting the likelihood of a more centrist ruling coalition. Germany’s blue-chip DAX was up 137.10…

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Oil Shares Lead Charge as Crude Hits New 3-Year Highs

September 27, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniescrudeEconomieseconomyEuropeHK BusinessHong KongInternationalInvestmentMarketsOilSharesUKUSWorld
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LONDON—World shares rose on Monday, led by sharp gains in energy shares as crude oil prices soared to three-year highs of almost $80 a barrel while European stocks firmed after Germany’s election results ruled out chances of a purely left-wing coalition. Stock markets benefited too from an ostensible easing in Sino–U.S. tensions and Chinese authorities’…

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Magnitude 6.0 Earthquake Strikes Greece

September 27, 2021
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An earthquake of magnitude 6.0 struck Greece at 9:17 a.m. local time on Monday, according to the European-Mediterranean Seismological Center (EMSC). Local Greece outlet Skai reported one dead and nine injured as of 11:35 a.m., two hours after the initial earthquake. The EMSC reported the quake’s epicenter at a depth of 10 kilometers (6.2 miles) near…

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APPEC: Global Oil Demand Seen Reaching Pre-Pandemic Levels by Early 2022

September 27, 2021
APPECAsia & PacificBusiness & EconomyCompaniesdemandEconomiesInternationalMiddle EastOilpandemicWorld
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Global oil demand is expected to reach pre-pandemic levels by early next year as the economy recovers, although spare refining capacity could weigh on the outlook, producers and traders said at an industry conference on Monday. The outlook is in line with a bullish forecast from the Organization of the Petroleum Exporting Countries (OPEC), but…

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Oil Gains for Fifth Day Amid Supply Constraints

September 27, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesConstraintsEconomiesgainsIndiaInternationalOilsupplyWorld
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TOKYO—Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick up with the easing of pandemic conditions. Brent crude was up 92 cents or 1.2 percent at $79.01 a barrel by 0208 GMT, having risen a third consecutive week…

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Texas Attorney General Leads 10-State Coalition Supporting Florida Ban on Big Tech Censorship

September 27, 2021
Big TechBusiness & EconomycencorshipCensorship & SocialismFacebookFeatured TopicsFirst AmendmentLocal NewsMedia & Big TechPolicyRegional NewsRegional-Local NewsTexasUSUS News
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Texas Attorney General Paxton announced on Sept. 20 that he is leading a coalition of 10 states in filing an amicus brief with the 11th Circuit Court of Appeals in support of Florida’s law that attempts to regulate censorship on Big Tech social media platforms. Paxton signed on behalf of Texas, joining the states of…

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Democrats ‘Reach Agreement’ to Raise $600 Cap on Biden’s Proposal on IRS Reporting and Surveillance

September 27, 2021
Business & EconomyDemocratsEconomieseconomyExecutive BranchInternal Revenue Servicemoney launderingpersonal dataPolicyPoliticstax gapUSUS News
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Democrats have said they plan to raise the threshold of President Joe Biden’s radical proposal that all bank transactions of more than $600 be reported to the Internal Revenue Service (IRS). The initial proposal (pdf)—which Biden says is aimed at curbing tax evasion—would require banks and other financial institutions to report to the IRS any deposits or withdrawals totaling…

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