Apple is looking to shift its current production capabilities from China to India. For the longest time, China has been the production hub of numerous companies. However, the pandemic has changed all that. With the country in lockdown and factories in a standstill, companies are starting to look for alternative solutions. Tech giant Apple is one of these solutions. For … Read More
Participation Fee Is Waived For The Online 127th Canton Fair
The current global pandemic, COVID-19, caused many event organizers to either cancel or postpone events. The 127th Canton Fair was not spared of this necessary move of postponement. The initial schedule of mid-April did not push through. In early April, however, the Canton Fair organizers announced that the 127th Canton Fair will now be held online from June 15 to … Read More
Japan State of Emergency Extends; Restrictions Loosen
Japanese Prime Minister Shinzo Abe has extended the country’s state of emergency, but is also loosening certain restrictions. Japan’s nationwide state of emergency is being extended until the end of May. Abe said that this month will be one where they will resolve the state of emergency. It is also a month of preparation for after the pandemic. While a … Read More
Oil Prices Drastically Drop from New US-China Trade Spat
Oil prices have significantly dropped again after another trade spat between the United States (US) and China. The pandemic is still on-going. It has already affected various countries, their economies, and businesses around the world. Various countries though are beginning to “recover’. Or at least they think they are. Some countries are continuing to enforce their community quarantines. Others are … Read More
China’s Zijin Mining Warns PNG Over End of Gold Mine Lease
China’s Zijin Mining issues a warning to Papua New Guinea (PNG) if the lease for a co-owned gold mine is not renewed. Relations between China and PNG are currently rocky. Their continued relationship currently depends on a gold mine. This gold mine is owned by both China’s Zijin Mining and PNG’s Barrick Gold Corp. The message from China is clear: … Read More
China Gives Billions of Vouchers to Jumpstart Spending
The Chinese government is hoping to jumpstart store spending by giving out billions worth of vouchers. The Chinese government has given out vouchers worth billions of yuan. It is their hope that people will go back to stores and start spending again after the pandemic has shocked people to stop. Apart from the vouchers, the government has also added many … Read More
North Korea Reports Panic Buying
North Korea has just reported sightings of panic buying at certain stores at Pyongyang. The reports originated last Monday that some people were panic buying at certain stores and groceries. Sources reported this news to the NK News station. This has resulted in more shelves coming up empty. Shortages for certain items are also becoming apparent. One cause for concern … Read More
India Stocks Continue to Rise for Two Days Straight
India’s stocks are on the rise for the second day in a row. The rise of India’s stock is mainly due to the relaxing of the country’s lockdown situation. This has given investors the push they needed to step up their purchasing. The investors have been purchasing riskier assets as the pandemic is seemingly easing. The S&P BSE Sensex increased … Read More
China’s Toilet Paper Company Profits
China’s biggest toilet paper manufacturing company is experiencing their most profitable quarter since 2015. This is largely due to the pandemic leading to panic hoarding from Hong Kong to Sydney. While the source of the profit is easily identifiable, the reasoning behind it is a head scratcher. When the pandemic started, people in Hong Kong began to panic. They had … Read More
NATO Warns US and EU of China Stock Buying Spree
NATO has laid out a warning to the United States (US) and Europe of China’s stock buying spree. NATO has warned US and Europe that China is coming fast and furious with loads of cash. China is coming in with a lot of cash and taking advantage of the falling asset prices due to the pandemic. The NATO Secretary-General Jens … Read More