TikTok has gone dark in the U.S. after a Supreme Court ruling upheld a ban on the Chinese-owned app. With 170 million American users impacted, the debate over digital sovereignty and free speech intensifies. Elon Musk calls for balanced global digital policies.
In a surprising move, US President-elect Donald Trump has launched his own cryptocurrency, which quickly soared in market capitalization to an impressive USD 14 billion, with the trading price now
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“An Inquiry into the Nature and Causes of the Wealth of Nations,” written by Adam Smith, explores the foundational ideas of economics and offers insightful analysis that has influenced how we currently think about wealth accumulation and economic systems. The most significant takeaways from this significant piece can be summed up as follows
Governments and central banks in emerging East Asia must remain vigilant against potential financial risks associated with higher interest rates, warns a report by the Asian Development Bank (ADB).
In a significant shift, the US is now importing more goods from Mexico than China, marking the first time since 2003, due to increased economic tensions and geopolitical factors.
China’s supercomputing industry adeptly adapted to US embargoes in 2015 by pivoting to domestically produced components, but its 5G industry failed to do so when faced with similar US sanctions in May 2019.
Ant Group, a leading Chinese fintech company, has made significant moves to expand its presence in the financial sector. It has unveiled its own large language model (LLM), a technology used in training chatbots like ChatGPT, and introduced a new Web3 brand targeting Hong Kong and overseas markets.
