US-Vietnam ties aren’t meant to contain China – Biden
The United States and Vietnam are strengthening their diplomatic relations through a "strategic partnership," said U.S. President Joe Biden on Sunday in the Vietnamese capital, Hanoi. Biden was received by the Secretary-General of the…
It’s too late to ‘constrain’ China
The US government has officially launched an investigation into an advanced chip manufactured in China, which is used in the latest Huawei smartphone. The recent launch of this new smartphone by the Chinese company has sparked a debate in…
Philips settles personal injury claims over sleep apnea devices
Philips has reached a settlement with customers in the United States who have used defective sleep apnea devices. The company had already set aside €575 million earlier this year for these compensations. Hundreds of Americans have filed…
Antony Blinken adds another billion to the aid package
Ukraine is set to receive a new aid package worth over a billion dollars from the United States, as promised by U.S. Secretary of State Antony Blinken during his visit to the Ukrainian capital, Kyiv, as reported by Reuters. Blinken stated,…
Joe Biden disappointed that Xi may skip G20
President Joe Biden stated that he is disappointed that his Chinese counterpart Xi Jinping will not be attending the G20 summit next week in New Delhi. Biden conveyed this to various media outlets on Sunday. "I am disappointed, but I will…
Billion-Dollar Subsidy in the US Aims to Assist Automakers with ‘Electrification’
The US Department of Energy is making up to 12 billion dollars available to automotive manufacturers in the United States. With this subsidy, they will have the opportunity to adapt their factories for the production of electric and hybrid…
Strong labor market brings risky assets closer to the grave
In the week to August 26, the number of new applicants for unemployment benefits in the US fell unexpectedly. Data released by the US Department of Labor revealed this remarkable trend. The number of new applications for unemployment…
Ørsted Industry suffers heavy losses, putting the entire wind generation under pressure
Energy company Ørsted lost a quarter of its value on the stock market on Wednesday. The Danish company, the world's largest developer of offshore wind farms, warned that it might have to make a write-down of $2.3 billion on its American…