A new alliance is coming together to confront the global threat posed by cyberattacks sponsored by China. An alliance consists of NATO member states. The United States, with allies, including the European Union, Britain, Canada, Australia, New Zealand and Japan, are blaming China’s Ministry of State Security for a massive cyberattack on Microsoft Exchange email …
U.S., NATO and EU Accuse China of A Cyberattack on Microsoft Read More »
Regulators ordered property developers to disclose their commercial paper issuance details every month. Hence, on Friday, July 16, China stocks fell. The Shanghai Composite Index lost 0.29%, with a net change of $10.18. This sent the stocks to the bottom at $3,554.41 per share. Likewise, the Shenzhen Component Index also declined 0.52%, with a net …
China Stocks Fell, Regulators Ordered to Disclose Paper Debt Read More »
Prices for commodities ranging from corn to copper to oil skyrocketed in the first half of 2021 due to pent-up demand and supply bottlenecks caused by the COVID-19 epidemic. According to Saad Rahim, chief economist of Trafigura, the rally’s dynamics are shifting. Additional broad-based increases appear likely, one of the world’s major commodity-trading firms. China …
Oil May Reach $100 as The Commodities Boom Moves Away from China Read More »
Nexperia has revealed its plans on Monday to acquire Britain’s largest chip producer, Newport Wafer Fab. Remarkably, Nexperia is a Dutch chip company owned by China’s Wingtech. The company became NWF’s second-largest shareholder in 2019. According to Nexperia, the acquisition will help it to make more chips and meet skyrocketing demand. Nexperia’s chief operations officer, …
China-Owned Nexperia Acquires the UK’s Biggest Chip Producer Read More »
China cracked down on bitcoin again, but the question is: why is it happening now? The calendar might have a clue. The Chinese Communist Party celebrates its 100th anniversary in Jul. 1. It is plausible that Chinese authorities might send a strong warning to the crypto industry. This theory is already circulating privately in the …
As we know, the Soviet Union launched Sputnik in 1957. It is the first artificial satellite, which sparked a space race with the U.S. The U.S. and the Soviet Union were battling for supremacy in this new domain. Meanwhile, one of the founders of the Chinese Communist Party, Mao Zedong, announced that China could not …
China’s sweeping and swift crackdown on bitcoin mining pushed small hydroelectric power plant owners to offload their assets that cheap demand power is drying up. The number of advertisements on a popular second-hand e-commerce platform, Xianyu, for small-scale hydro plants with a capacity of about 50 megawatts increased after the mining crackdown. Some plants are in an …
Hydropower Plants on Sale in China After Mining Crackdown Read More »
After China decided to crack down on cryptocurrencies, it might become more profitable and easier to mine bitcoin. In the previous month, Beijing took some measures to halt bitcoin mining in the middle of concerns regarding its environmental impact. These measures have already resulted in crypto miners leaving China for other regions, such as North America. China’s …
Mining Bitcoin Might Get Easier Following the Crypto Crackdown in China Read More »
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