Business

Trump Unveils Aggressive Tariff Plan Targeting China
04
Feb
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Trump Unveils Aggressive Tariff Plan Targeting China

In a dramatic announcement that has sent shockwaves through global markets, President Donald Trump revealed a sweeping new tariff plan aimed at Chinese imports during a campaign event in Ohio. The proposed tariffs, which could escalate to as high as 60% on certain goods, are part of Trump's broader strategy to revive American manufacturing and reduce the U.S. trade deficit with China. The move comes as Trump positions himself for a potential 2024 presidential run,…
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TikTokers Pay $5,000 to join FB and Insta
25
Jan
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TikTokers Pay $5,000 to join FB and Insta

Meta, the company behind Facebook and Instagram, has unveiled a new initiative offering up to $5,000 to U.S.-based content creators who are new to its platforms. This strategic move is part of the "Breakthrough Bonus Program," which aims to attract influencers from rival platforms, particularly TikTok, by incentivising them to create original content for Meta’s apps. The timing of this offer coincides with ongoing uncertainty surrounding TikTok's future in the U.S., as questions about its…
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BYD Becomes Top-Selling New Car Brand in Singapore
18
Jan
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BYD Becomes Top-Selling New Car Brand in Singapore

In a historic milestone, Chinese electric vehicle (EV) manufacturer BYD has emerged as the best-selling new car brand in Singapore for 2024. This marks the first time a Chinese EV brand has topped the new car sales charts in the city-state, a notable achievement in an increasingly competitive automotive market. According to recent data, BYD's success is driven by a surge in demand for sustainable and eco-friendly vehicles, coupled with the brand’s ability to offer…
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TikTok Announces Complete U.S. Shutdown
15
Jan
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TikTok Announces Complete U.S. Shutdown

TikTok, the popular short-video platform owned by ByteDance, has announced plans to cease all operations in the United States by January 19, 2025, in response to a federal mandate requiring its Chinese parent company to divest U.S. assets or face a nationwide ban. The impending shutdown follows legislation signed into law by President Joe Biden in April 2024, citing national security concerns over potential data access by the Chinese government. The law mandates that app…
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China and Sri Lanka Forge Stronger Economic Ties
15
Jan
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China and Sri Lanka Forge Stronger Economic Ties

China and Sri Lanka have pledged to enhance investment and economic cooperation following a meeting between Chinese President Xi Jinping and Sri Lankan President Anura Kumara Dissanayake in Beijing. The two nations signed 15 cooperation documents, including agreements on economic and technological development, and initiatives to align China's Belt and Road Initiative with Sri Lanka's 2030 digital economy blueprint. Specific details of the agreements were not disclosed during the signing ceremony. President Dissanayake's visit to…
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Elon Musk Revises Federal Budget Cut Goals
09
Jan
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Elon Musk Revises Federal Budget Cut Goals

Elon Musk, co-head of the Department of Government Efficiency (DOGE), has adjusted his ambitious goal of cutting $2 trillion from the federal budget, acknowledging that a $1 trillion reduction is a more attainable target. Key Points: Original Goal: Musk initially aimed to reduce federal spending by $2 trillion. Revised Target: He now considers a $1 trillion cut to be a significant achievement. Budget Context: The current federal budget stands at approximately $6.75 trillion, with $1.6…
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China Unveils CR450 High-Speed Train 400 km/h
30
Dec
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China Unveils CR450 High-Speed Train 400 km/h

China has introduced the CR450 high-speed train prototype, designed to operate at speeds up to 400 km/h, setting a new benchmark in global rail transportation. Unveiled in Beijing on December 29, 2024, the CR450 is poised to surpass the current CR400, which operates at 350 km/h, upon entering commercial service. Developed by China State Railway Group, the CR450 boasts significant advancements in operational speed, energy efficiency, noise reduction, and braking performance. Despite its higher speed…
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Earn Lot of Money Using TikTok
29
Dec
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Earn Lot of Money Using TikTok

TikTok, the wildly popular short-video platform, has become a lucrative avenue for creators to monetize their content. With the right strategy, creativity, and engagement, you can turn your TikTok account into a steady income source. Here’s how: 1. Build Your Brand To start earning on TikTok, focus on building a strong personal or niche brand. Identify what makes your content unique—whether it’s comedy, dance, educational tips, or lifestyle. Post consistently and interact with your audience…
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Bitcoin’s Resilience Amid Record $14 Billion Options Expiry
29
Dec
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Bitcoin’s Resilience Amid Record $14 Billion Options Expiry

On December 27, 2024, the cryptocurrency market experienced a significant event as Bitcoin (BTC) options contracts worth over $14 billion reached their expiration. This marked the largest options expiry in Bitcoin's history, raising concerns about potential market volatility. However, Bitcoin's price demonstrated remarkable resilience, maintaining stability and even experiencing a slight uptick following the expiry. The expiry involved approximately 146,000 Bitcoin options contracts, each representing one BTC, with a "max pain" point identified at $85,000.…
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Honda and Nissan Announce Merger Talks to Form World’s Third-Largest Automaker
24
Dec
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Honda and Nissan Announce Merger Talks to Form World’s Third-Largest Automaker

Japanese automotive giants Honda Motor Co. and Nissan Motor Co. have officially commenced discussions on a potential merger, aiming to establish the world's third-largest car manufacturer by sales. This strategic move is a response to intensifying competition from electric vehicle (EV) leaders such as Tesla and emerging Chinese manufacturers like BYD. The proposed merger would involve the creation of a joint holding company, with plans to finalize discussions by June 2025 and establish the new…
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