BANGKOK—World shares fell on Friday after technology companies led Wall Street benchmarks lower as investors weighed the implications of higher interest rates, surging coronavirus cases, and tensions between Beijing and Washington. Benchmarks declined in Paris, London, Frankfurt, and Tokyo but rose in Shanghai. U.S. shares dropped a day after the Federal Reserve said it’s preparing…
World Shares Mixed After Tech-Led Retreat on Wall Street
December 17, 2021
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Global Coal Usage On Pace For Record High, Net Zero Goals Affected
December 17, 2021
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Global coal usage is on track to an all-time high, according to the International Energy Agency, underlining the significance of coal as the main source of energy for economies, emerging and advanced, despite pledges to cut down on fossil fuels. Primarily owing to economic recovery following the pandemic-related restrictions, global power generation from coal is…
COVID-19 Rapidly Spreads in China’s Yangtze Delta, Causing Factories Shut Down, Residents Struggling for Food
December 17, 2021
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Recently, major cities in China’s Yangtze delta have been shut down due to the rapid spread of COVID-19. Production in factories has also been suspended indefinitely in the industrial and commercial hub, while citizens locked in their homes are having difficulties accessing food and medicine. According to the numbers released by Zhejiang Provincial authorities, from…
How the CCP’s Bad Business is Costing Americans; Behind Student Protests on 2021 Tiananmen Massacre Anniversary
December 16, 2021
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The Chinese Communist Party (CCP) is quietly altering its glowing projections of China’s economy into 2022 and beyond to a more realistic appraisal. Beijing authorities recently held a closed-door meeting of the Central Economic Work Conference, during which Xi Jinping revealed that China’s economy is in dire straits. What he neglected to mention is that…
Release Date of Spider-Man Movie in China Remains Undecided Amid Boycott of Beijing Olympics
December 16, 2021
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A day after the United States announced a diplomatic boycott of the 2022 Beijing Winter Olympics on Dec. 6, the Chinese communist regime condemned it and said the United States will “pay a price” for it. Later, it was reported that the release date of the American film “Spider-Man: No Way Home” in China, which…
China’s Factories Speed up but New COVID-19 Pain Hits Retailers
BEIJING—China’s factory output grew faster than expected in November, supported by stronger energy production and a moderation in sky-high materials costs, but new curbs to fight rising COVID-19 cases hit retailers in the world’s second-largest economy. The data, along with a slowdown in investment growth, underlines the persistent headwinds facing the economy, which have already…
2 Doses of China’s Sinovac Vaccines Ineffective Against Omicron: Hong Kong Study
A new study found that two doses of China’s Sinovac COVID-19 vaccine didn’t generate appreciable numbers of antibodies against the new, highly infectious, omicron variant. The study tested the blood from 25 people who were fully vaccinated with Sinovac’s Coronavac. None of them “contain sufficient antibodies to neutralize the Omicron variant,” researchers at the Department…
Flood From Illegal Coal Mining Traps 21 People in China
BEIJING—Rescuers on Thursday were trying to reach 21 people trapped by a flood because of illegal mining for coal in northern China, authorities said. The accident happened about 11 p.m. Wednesday in Xiaoyi city in Shanxi Province, a major coal-producing region southwest of Beijing. Water was being pumped out of the mine, and the water…
Flood From Coal Mining Traps 21 People in China
BEIJING—Twenty-one people were trapped by a flood in a coal mine in northern China, authorities said. The accident happened about 11 p.m. Wednesday in Xiaoyi city in Shanxi Province, a major coal-producing region southwest of Beijing. The actual number of casualties is difficult to verify, as the Chinese regime routinely suppresses or alters information. Police…
Japan Trade Recovers as Supply Chain Troubles Ease
December 16, 2021
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TOKYO—Japan’s exports jumped 20 percent and imports rose at an even faster pace in November as disruptions to manufacturing supply chains eased. Preliminary trade data reported Thursday showed imports surging nearly 44 percent from a year earlier, pulling the country into a deficit, as surging oil prices pushed costs sharply higher. Iron and steel exports…
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