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Chip war: Is there an end to tit-for-tat China-US trade restrictions? | Counting the Cost
Semiconductor chips are a vital component used in devices including smartphones, electric cars, wind turbines and even missiles. They are now considered as crucial to economic production as oil. The United States is worried China could use chip technology to further develop its military power. It unveiled export controls in October to prevent Beijing from getting the most advanced ones. That marked the start of…
Will food prices get higher? | Counting the Cost
Scorching temperatures have ravaged farms from the United States to China. Russia quit a deal that allowed the safe passage of Ukrainian grain exports through the Black Sea. And Ukraine says Moscow hit its grain silos and bombed export routes. On top of that, India banned some rice shipments to keep domestic prices in check. Threats to global food supplies are rising once again. And…
Can Russia and China succeed in dethroning the dollar? | Counting the Cost
Since being shut out of much of the global financial system, Russia has sought alternatives to soften the effects of Western sanctions. It has turned to China for an economic lifeline and has been increasingly embracing the yuan. Trade between the two countries hit a record of $190bn last year, with much of those payments made in Chinese and Russian currencies. The two biggest geopolitical…
What does China's reopening mean for the economy? | Counting the Cost
Three years of citywide lockdowns and border closures in China have disrupted supply chains, squeezed businesses and caused widespread economic damage. Now, as Beijing joins the rest of the world in adapting to life with the coronavirus, the lifting of its strict COVID-19 policy is bringing both relief and uncertainty. Rolling back pandemic rules is meant to revitalise the economy, but it has also led…
Is a global recession looming in 2023? | Counting the Cost
If there is one word that has caught everyone’s attention in 2022, it is inflation. It has been a major concern for millions of people around the world and will remain so in 2023. All around the world, everyday goods and services are becoming more expensive. Rising costs are making life more difficult for many people, who are struggling to buy groceries, pay their bills…
China Covid: Five deaths under country's new counting method
China has been experiencing a surge in Covid cases after restrictions were eased earlier this month. The post China Covid: Five deaths under country's new counting method appeared first on Rich TVX News Network.
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Texas Department of Public Safety Lt. Chris Olivarez discusses an incident between border agents and a migrant, the dangers of unknown crossers and the gotaway numbers. #foxnews Subscribe to Fox [...]
The countdown to Memorial Day is on as millions of Americans get ready to hit the roads and take to the skies for what’s expected to be a record breaking [...]
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