New Prime Minister Anthony Albanese has continued Australia’s tough stance towards Beijing’s economic coercion on local exporters, telling the Chinese regime that they should remove tariffs on export products if they wished to see diplomatic ties restored. This comes after the Chinese Communist Party (CCP) Premier Li Keqiang sent a congratulatory letter to the new…
Australian PM Calls on Beijing to Remove Trade Sanctions
May 25, 2022
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LIVE UPDATES: 200 Bodies Found in Mariupol: Mariupol Mayor’s Adviser
The latest on the Russia–Ukraine crisis, May 25. Click here for updates from May 24. 200 Bodies Found in Mariupol: Mariupol Mayor’s Adviser An adviser to the mayor of Mariupol said on Tuesday that workers removing rubble from a collapsed apartment building in the devastated Ukrainian city found about 200 corpses in the building’s basement….
LIVE UPDATES: Ukraine: Russia Must Withdraw to Pre-War Positions for Talks
The latest on the Russia–Ukraine crisis, May 25. Click here for updates from May 24. Ukraine: Russia Must Withdraw to Pre-War Positions for Talks Ukraine’s president said Wednesday that Russia must pull back to its pre-war positions as a first step before diplomatic talks, a negotiating line that Moscow is unlikely to agree to anytime…
Former Obama Economic Advisor Doubts a Recession Would Cure Inflation
There is rising concern in Washington that interest rate hikes by the Federal Reserve will spark a recession in the United States within the next year. However, some are saying that even a recession caused by the actions of the central bank may not be enough to curtail inflation. The former chair of former President…
Americans Less Likely Than Other Nationalities to Buy Electric Cars: Mobility Survey
Americans are less likely to buy an electric vehicle (EV) compared to people from other nations, according to the latest EY Mobility Consumer Index from EY Global, which also showed that a high proportion of survey respondents who were likely to buy an EV would be willing to pay a premium for it. Among the…
UBS, JPMorgan Slash China 2022 Growth Projections Over Regime’s ‘Zero-COVID’ Policy
UBS Group and JP Morgan Chase cut their forecasts for China’s overall growth domestic product (GDP growth this year as the country has been crippled by a series of lockdowns implemented by the regime’s strict ‘zero-COVID’ policy. UBS estimated China’s full-year economic growth would reach 3 percent, rather than 4.2 percent as earlier projected. Meanwhile,…
Tax Accounts for Nearly 40 Percent of Gas Prices Canadians Pay: Taxpayer Rights Group
With soaring energy prices weighing down on Canadian motorists, the governments’ hidden gas taxes are making their struggles even harder, a taxpayers rights group says. The Canadian Taxpayer Federation (CFT) said in its recently released 2022 Gas Tax Honesty Report that taxes cost 55.1 cents per litre of gasoline across the country, making up to 38 percent…
Samsung Electronics Co. Investing $360 Billion to Build Chips, Boost Biotech Business
May 24, 2022
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Samsung Electronics Co. will spend 450 trillion won (about $360 billion) over the next several years until 2026 to boost its businesses, from semiconductor chips to pharmaceutical drugs. The investment is expected to drive long-term growth in strategic sectors like the chip industry. Samsung expects investments in the biopharmaceutical sector will help make it as…
Come Hell or Highwater? Central Bankers and Inflation
Commentary Many are currently baffled on the path of the economy and markets, and for a good reason. Stock markets are nearing a bear market, while the U.S economy seems to be doing ok. Retail sales came in as expected, rising by 0.9 percent (MoM) and the U.S. industrial output rose more than expected (1.1…
The Ten Richest People That Saw Their Wealth Drop Most in 2022
Billionaires enjoyed an incredible performance in 2020 and 2021, adding nearly $2 trillion to their collective wealth during the pandemic. But the richest people on the planet are now hemorrhaging as the stock market plunges and the central banks tighten monetary policy. Elon Musk, Jeff Bezos, Mark Zuckerberg, and Larry Page are among the top…
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