In 1757, in the middle of the French and Indian War, Major Robert Rogers composed a list of 28 rules intended to serve as operational guidelines for his legendary and groundbreaking light infantry force, the original special operations unit known as “Rogers’ Rangers.” These “Rules of Ranging” were a hybrid combination of Native American combat
It’s time to stop the World Bank from giving loans to China, said Sen. Chuck Grassley (R-Iowa), who has introduced legislation to block the organization from issuing more funding to the world’s second-largest economy. As the United States is the largest contributor to the World Bank, it’s all the more important to ensure that U.S. taxpayer dollars aren’t funding Beijing’s
News Analysis Microsoft and Google are moving faster to shift electronic device production from China to other locations such as Vietnam and Thailand in Southeast Asia, Nikkei Asian Review reported. The lack of supply chain disaster recovery for many globalized technology companies highlighted by the coronavirus outbreak is contributing to the current stock crash as Wall Street analysts assign higher
Commentary China’s coronavirus disease 2019 (Covid-19) continues to take human lives. The Chinese people have suffered the most in terms of total cases and lives lost. The epidemic began in Wuhan, capital of the Hubei province. As I write this column, Hubei has had 60,000 confirmed cases and almost 1,800 deaths. Covid-19, however, has escaped China’s political
News Analysis The Chinese Communist Party’s highest governing body seems to believe the country is still on track to achieve its 2020 goals despite the current coronavirus (COVID-19) outbreak. Party leader Xi Jinping reemphasized that the outbreak will not stop China from meeting its social and economic objectives this year and urged authorities at all levels to
Oil prices fell on Monday as the fallout from the coronavirus outbreak continues to sap Chinese demand for energy. As of 11:30 EST, U.S. West Texas Intermediate futures fell 0.85 percent to $49.97 per barrel, while Brent Crude futures dropped by 1.21 percent to $53.78 per barrel. Quotes by TradingView “The concern remains that the wider markets have yet
News Analysis China has stepped up economic support measures in recent weeks to prop up a domestic economy straining under the coronavirus outbreak. Most businesses and business activities have shut down since the Chinese New Year in late January. Some business activities will resume beginning Feb. 10 but the ongoing coronavirus outbreak is expected to have a
Safe-haven assets such as U.S. Treasuries and gold have rallied while risky assets like stocks and emerging market currencies have lost steam, as jitters surrounding the coronavirus outbreak ripple through markets and fears of a global pandemic grow. “In the last two weeks, there’s been safe-haven buying of U.S. Treasuries significant enough to drive down yields 20 basis points,”
WASHINGTON—As the new coronavirus epidemic continues to spread across China, fears of reduced travel and a global economic slowdown sent oil prices plummeting over the past week. West Texas Intermediate (WTI) crude fell on Jan. 31, posting a fourth straight week of losses and its worst month since May 2019. In response to threats posed by the deadly virus,
News Analysis Chinese suppliers in coronavirus zones may declare “force majeure” to legally terminate export supply chain deliveries and cause many global factories to begin running out of parts within three weeks, IHS Markit warned. With the United Nations World Health Organization (WHO) declaring the potential pandemic spread of the 2019-nCoV form of coronavirus as
The popular messaging service WhatsApp is down for thousands of people across Asia, Europe, and South America. According to Down Detector, there was a spike in users reporting problems using the app on the morning of Sunday, Jan. 19. Around two-thirds of reported issues with WhatsApp was an inability to send or receive messages, while
Commentary Environmental, social, and governance (ESG) investing standards—also called “sustainable investing” and “socially responsible investing”—have taken on greater importance in the investment community in recent years. Such investing has also reached the shores of China. With this, ESG investing reaches an inflection point. Will the standards have real bite, effecting change at companies, or will
The United States and the Chinese regime on Jan. 15 signed a “phase-one” trade deal, cooling tensions between the world’s two largest economies in an 18-month trade war. Prior to the deal, the United States agreed to cut tariffs to 7.5 percent from 15 percent on about $120 billion of China-made consumer goods, including flat panel televisions, Bluetooth
Commentary The 19-month U.S.–China trade dispute has led to a realignment of global supply chain and exacerbated China’s economic woes. But as a side effect, senior Chinese officials have taken a break from fighting corruption and Chinese Communist Party (CCP) leader Xi Jinping has finally changed his idealistic “zero tolerance for corruption” to a more moderate “tolerance
News Analysis China is hitting all-time records for daily crude oil import volumes, just as the military confrontation between the United States and Iran threatens China’s energy supply security. The General Administration of Customs announced that China’s monthly oil imports on a daily basis hit a record 11.13 million barrels per day (bpd) in November,
European stocks were up on Thursday, driven by growing optimism of a resolution to the U.S.-China trade war. The French CAC40 index (.FCHI), a composite of 40 of the 100 biggest market caps on the Euronext Paris exchange, rose by just over 1.3 percent to 6,058.14 points in morning trading. The pan-European STOXX 600 index
Commentary With President Trump in London to discuss the future of NATO, the future of the Eurozone itself is unclear. Germany finds itself rising to a great power position it hasn’t known in almost 65 years. This emerging reality is due in part to a very messy, on-again, off-again Brexit divorce, as well as deteriorating
News Analysis Warning signs are flashing all over China’s banking sector. Chinese regulators have seized or bailed out lenders at an unprecedented pace amid a surge in bad debt, while forcing banks to step up lending at increasingly lower interest spreads. That keeps banks in business, but it’s not a recipe for future longevity. Increasing
President Donald Trump said on Nov. 26 that the United States and China are close to finalizing a phase one trade agreement. “We are in the final throes of a very important deal, I guess you could say one of the most important deals in trade ever,” Trump told reporters at the White House on Nov. 26.
After Changing References from Taiwan to ‘Taiwan, China’ on Latest Smartphones, Huawei Gets Banned from Taiwan Stores
In its latest models of smartphones, Chinese telecom giant Huawei subtly changed references to Taiwan into “Taiwan, China” in users’ contacts list without notifying the Taipei government. The three models—P30, P30 Pro, and Nova 5T—were subsequently banned in Taiwan. The National Communications Commission (NCC), an independent statutory agency of Taiwan’s cabinet, the Executive Yuan, released
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