This week, China is putting a new tax on brandy coming from the European Union. Customs officials will start collecting deposits, around 30.6% to 39% of the brandy's value, from companies importing the drink. This change comes after a previous decision in August not to impose any taxes, despite find
The Senate Finance Committee met recently to discuss extending two important trade programs: the African Growth and Opportunity Act (AGOA) and the Generalized System of Preferences (GSP). These programs help remove trade barriers for African goods coming into the U.S. AGOA is due to expire next year
California Governor Gavin Newsom vetoed a bill aimed at regulating large AI models before their release to the public. He criticized the legislation for applying strict standards to basic functions and not focusing enough on potential risks from the technology. The governor encouraged lawmakers to r
China's defense industry has been on a mission to modernize its forces, but it seems a major setback has occurred. The newest nuclear-powered submarine, part of the country's ambitious Zhou-class line, has reportedly sunk pierside earlier this year. The incident has left many wondering about the Chi
China's economy is getting a much-needed boost with a series of bold policy moves. The country's central bank has slashed the mortgage rate for existing homeowners, while also reducing the amount of cash commercial banks must hold in reserve. This means banks will have more money to lend to real est
It's a no-brainer that connected vehicles have brought about numerous benefits, such as improved safety and enhanced navigation. However, this influx of technology has also brought forth new and escalating threats to our national security. The Biden administration has taken a crucial step to address
The United States is on the brink of taking a bold step to safeguard its national security. On Monday, the Commerce Department will propose a ban on the sale and import of smart vehicles that use specific Chinese or Russian technology. The move comes after a thorough investigation revealed a range o
The US Commerce Department has proposed a ban on the sale and import of smart vehicles that use specific Chinese or Russian technology due to national security concerns. This decision was made after a government investigation found that these technologies pose a range of national security risks, inc
The Asian-Pacific markets were abuzz with news from Japan and China as investors tried to make sense of the latest monetary policy decisions. The US Federal Reserve's surprise rate cut last week had left many wondering what this meant for the global economy. In China, the youth unemployment rate had
As the sun set over the Delaware coast, leaders from Australia, India, Japan, and the United States gathered for a historic summit, marking a significant milestone in their efforts to strengthen maritime security cooperation in the Indo-Pacific region. The meeting, hosted by outgoing US President Jo
