WASHINGTON—President Donald Trump has presented Chinese leader Xi Jinping with a carrot and a stick on trade negotiations between their two countries, three days after their meeting in Argentina during the G-20 summit. In a series of tweets on Dec. 4, he recalled their “wonderful and very warm dinner” where the two discussed trade, and
The bitcoin price is crashing; naysayers and doomsayers are having a field day. The demise of the dominant cryptocurrency is finally happening — or is it? Bitcoin has been buried hundreds of times, most notably during the brutal 90 percent decline from 2013 to 2015. And yet it has always made a comeback. Where the
The G-20 meeting in Buenos Aires had one important objective: to reach a trade agreement between the United States and China. However, the announced agreement is more of a “diplomatic truce” than a real agreement. The United States committed to delaying tariffs against China that were scheduled to start on Jan. 1, 2019, and China committed to purchase more
President Donald Trump is scheduled to meet with China’s leader Xi Jinping on Dec. 1 in Buenos Aires at the G-20 summit. Both have indicated that they are ready to talk about trade. Despite China being hard pressed to negotiate a trade deal with the United States, the possibility that the two countries make a
Patrick Tan is the Founder and Chief Executive Officer of Fortis Law Corporation, a young and promising law firm. It was the first in Singapore to be awarded the prestigious PrimeLaw certification, which stands for Practice Management Excellence Standard awarded by the Law Society of Singapore. Patrick is an entrepreneur by nature, spontaneous and bold
In my previous article (China’s Neo-Colonizing Bag of Tricks), I explained how China’s “build now, pay later” investment strategies have entrapped many smaller countries as China’s neo-colonies of the 21st century. The case previously highlighted was that of Sri Lanka. The country owes China billions of dollars, and as part of Sri Lanka’s debt reduction
In my previous two articles (China’s Neo-Colonizing Bag of Tricks and China’s Neo-Colonising Bag of Tricks: Malaysia), I explained how China’s “build now, pay later” investment strategies have entrapped many smaller countries as China’s neo-colonies of the 21st century. The case previously highlighted was that of Sri Lanka. The country owes China billions of dollars,
“China’s non-state-owned firms are facing their most difficult situation in the past 40 years,” says Chen Shouhong, an economist in Hong Kong and China. With recent reports of the Chinese regime increasing state interference in the private sector—from state officials to widely circulated essays hinting at more central planning—Chinese leader Xi Jinping sought to reassure private businesses
In this time and age, how does a more affluent country seek control of another less-developed but sovereign country, without so much as a squeak from the latter? Well, the affluent country can offer loans to the less-developed country to build lots of infrastructure, which the latter cannot afford or does not need. However, this
Imagine you have been planning a trip for months or even years, be it to London, Paris or Tokyo. You are filled with excitement after your flight touched down, and can’t wait to check into your hotel. Upon entering your hotel room, you are satisfied that it is clean and tidy, but wait a minute
Buoyed by successful investments in China’s flagship retail firm Alibaba Group Holding Ltd. and smartphone maker Xiaomi Corp, Singapore’s sovereign wealth fund GIC has expressed growing appetite for investment in China. According to GIC’s top management, investment opportunities are so impressive in China that the company is giving it as much attention as US tech
Singapore will soon enforce laws on cryptocurrencies – similar to that of fiat currencies – as it toughens its stance on Bitcoins and other virtual currencies, now banned in neighbouring Thailand, Vietnam and India. The enforcement, however, will not be as tough compared to China, where cryptocurrency exchanges were shut and access to service websites
Hailing from Kenya, farmer Paul Berthelsen started Perk Coffee in 2015 after finding a gap in the coffee industry – the lack of fresh, roasted on demand coffee. Perk Coffee offers coffee as a subscription service, sending freshly roasted beans (or ground coffee) to each customer’s doorstep. In search of the finest coffee, Paul moved
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