Beijing calls on cities to join global industrial cooperation network China’s Ministry of Industry and Information Technology is inviting domestic cities to apply to join a new international partner-city network on industrial transformation, part of a broader initiative launched with government agencies from 19 countries. The initiative aims to promote global cooperation in areas such as digital t...
Beijing calls on cities to join global industrial cooperation network China’s Ministry of Industry and Information Technology is inviting domestic cities to apply to join a new international partner-city network on industrial transformation, part of a broader initiative launched with government agencies from 19 countries. The initiative aims to promote global cooperation in areas such as digital transformation, green and low-carbon development, supply chain coordination, innovation resource sharing, SME support and talent development. The final list of the selected cities will be unveiled at a BRICS forum scheduled to be held in May.
The past month and quarter were rocky ones for investors as they faced a wall of uncertainties -- from the potential of artificial intelligence (AI)-driven growth to the future of the war in Iran. The S&P 500 swung from gains on any positive news to losses on any negative signs, and a famous volatility benchmark -- the VIX -- soared, suggesting that investors were feeling fearful. As a result, the...
The past month and quarter were rocky ones for investors as they faced a wall of uncertainties -- from the potential of artificial intelligence (AI)-driven growth to the future of the war in Iran. The S&P 500 swung from gains on any positive news to losses on any negative signs, and a famous volatility benchmark -- the VIX -- soared, suggesting that investors were feeling fearful. As a result, the S&P 500 completed a losing month and quarter, declining 5% and 4.6%, respectively. But the situation was much brighter just a short time ago. The benchmark extended its bull market run into three years as of October, and over the past three calendar years, it advanced 78%. This was as investors piled into growth stocks, particularly in areas such as AI and quantum computing -- they were looking for the next big thing in tech, and many of these tech stocks delivered major rewards, climbing in the double and triple digits. Investors were also optimistic about the lower interest rate environment, as this backdrop makes it easier for companies to borrow and for consumers to spend. Continue reading
Poland’s prime minister says prospect of an energy crisis in Europe and Viktor Orbán’s moves to block support for Ukraine also play into Russia’s hands Poland’s prime minister Donald Tusk has warned that Donald Trump’s repeated threats of breaking up Nato, the prospect of a “massive” energy crisis in Europe, and Viktor Orbán’s moves to block aid and money for Ukraine all look like “Putin’s dream p...
Poland’s prime minister says prospect of an energy crisis in Europe and Viktor Orbán’s moves to block support for Ukraine also play into Russia’s hands Poland’s prime minister Donald Tusk has warned that Donald Trump’s repeated threats of breaking up Nato, the prospect of a “massive” energy crisis in Europe, and Viktor Orbán’s moves to block aid and money for Ukraine all look like “Putin’s dream plan.” In a rare social media post in English, he said: “The threat of Nato’s break-up, easing sanctions on Russia, a massive energy crisis in Europe, halting aid for Ukraine and blocking the loan for Kyiv by Orbán - it all looks like Putin’s dream plan.” Continue reading...