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President Biden Plans to Triple Steel and Aluminum Tariffs on China

18Apr By NitishNo Comments

USA

President Biden Plans to Triple Steel and Aluminum Tariffs on China

Washington, 18th April 2024: In response to concerns raised by labor unions regarding the impact of cheap Chinese exports on the U.S. steel industry, President Joe Biden is set to triple tariffs on steel and aluminum imports from China. Biden, speaking to the United Steelworkers union in Pittsburgh, Pennsylvania, emphasized the need for action against what he called cheating by Chinese steel companies. He highlighted the damage caused by unfairly low-priced Chinese steel products in the American market. Biden's proposal to increase tariffs on steel and aluminum imports from China aligns with his efforts to support the U.S. steel industry and create manufacturing jobs. The move also aims to address China's heavy subsidization of its steel companies, which have been flooding global ma...

27Mar By AdityaNo Comments

CHINA

China Implements New Guidelines to Ban Intel, AMD Processors in Government Computers

Beijing, 27th March 2024: China recently introduced new procurement guidelines aimed at reducing its reliance on foreign technology, specifically U.S. processors, in government computers and servers. This move effectively blocks chips from leading companies like Intel and AMD, as reported by the Financial Times. The guidelines, which were unveiled on Dec. 26 and are now in effect, also impact Microsoft's Windows operating system and foreign-made database software in favor of Chinese alternatives. Government agencies at the township level have been instructed to purchase "safe and reliable" processors and operating systems, according to the FT report. Both AMD and Intel have refrained from commenting on the matter. This development is part of China's broader efforts to bolster its do...

Nuclear Battery For Smartphone Launched by Chinese Startup Betavolt, No Charging Required For 50 Years

18Jan By AdityaNo Comments

CHINA

Nuclear Battery For Smartphone Launched by Chinese Startup Betavolt, No Charging Required For 50 Years

The face of sustainable energy is undergoing a transformative shift with the entrance of Betavolt, a Chinese innovation powerhouse, into the realm of power generation. This startup is making waves with its cutting-edge nuclear battery the world's pioneering miniature atomic powerhouse that promises a staggering 50-year lifespan without a single charge. This promises to redefine our approach to energy consumption in mobile devices, with implications reverberating across multiple industries. About Nuclear Battery A nuclear battery is any device that harnesses energy from radioactive element isotope decay to generate electricity. Nuclear battery, atomic battery, and radioisotope generator are interchangeable terms that indicate how the power source creates a current. How Nuclear Bat...

5Jan By PriyankaNo Comments

CHINA

Tesla Recalls 1,617,643 Vehicles in China Over Safety Concerns

Beijing, 5th Jan 2024: In a recent announcement, the government regulator has mandated a recall of 1,617,643 Tesla vehicles, comprising both imported and domestically produced models. This recall affects various popular Tesla models, including the Model S, Model X, Model 3, and Model Y, manufactured between August 26, 2014, and December 20, 2023. Notably, this recall covers a significant portion of the vehicles Tesla has sold in China. The recall has been initiated due to two critical safety concerns identified by China's State Administration for Market Regulation. The first issue affects 7,538 vehicles and involves a problem with the door unlock logic control. Specifically, in the event of a collision, the non-collision side door latch may detach from the latch mechanism, leaving the ...

BRICS Group Expands with Five New Members

2Jan By AnkitaNo Comments

News

BRICS Group Expands with Five New Members

2nd Jan, 2024, Moscow: The BRICS group, renowned as a pivotal platform for emerging markets and developing countries, has recently welcomed five new members. The inclusion of Egypt, Iran, Saudi Arabia, the United Arab Emirates, and Ethiopia strengthens the bloc's influence and marks a significant milestone. Originally established by Brazil, Russia, India, China, and South Africa, the BRICS group now encompasses a wider range of nations, reflecting its growing importance in the global landscape. The acceptance of these new members into the BRICS group comes after numerous membership requests in recent years, underscoring the increasing significance and influence of the bloc. The Johannesburg Summit in August 2023 extended a formal invitation to the five nations, recognizing their econom...

30Nov By AdityaNo Comments

CHINA

Report: Xi Jinping Worry About China’s Mass Exodus of Talent and Foreign Investment

Beijing, 30th Nov 2023: The signs of historically weak overseas investment in China are evident, reflecting a decline in foreign direct investment (FDI) and various related factors. China's sluggish economy and a sense of insecurity among foreigners makes Chinese Premier Xi Jinping worry about the future. As per our sources the decline and exodus of investment and business in China is in very bad situation. The number of students and tourists visiting China significantly decreased as well. Recently, the State Administration of Foreign Exchange reported an unprecedented deficit of $11.8 billion in direct investment liabilities, reflecting a significant decline in FDI. Foreign firms are refraining from reinvesting their earnings, and for the first time ever, these businesses are ...

7Jul By PriyankaNo Comments

ANALYSIS

COVID19 effect on People With Diabetes

The history of the pandemic offers an informative overview of the entire section. In doing so, the importance of learning more about the risks COVID-19 poses to people living with diabetes. Diabetes has not yet been shown to increase the likelihood of infection, but progression to severe illness is more likely in people with diabetes. Neither the mechanisms underlying the increased risk nor the best interventions to limit it have yet been defined, but the studies in this issue offer important clues. Clinical characteristics and outcomes of patients with diabetes and COVID-19 in association with glucose-lowering medication The study showed in ADA’s Diabetes Care journal, researchers analyzed data of 904 COVID-19 patients, of whom 136 had diabetes, to evaluate whether the type...

28Jun By NitishNo Comments

CHINA

Tesla to recall Made in China Cars over Safety Issues

Beijing, 28th June 2021: Tesla is recalling about 285,000 electric vehicles in China because the cruise-control function can be activated accidentally and cause cars to accelerate suddenly, creating a safety hazard, Chinese authorities have said. In a message to customers on the Chinese social media platform Weibo on Saturday, Tesla said, There are potential safety hazards in extreme cases. China’s market regulator said the recall covers 211,256 Model 3 sedans and 38,599 Model Y compact crossover utility vehicles that were built in China and 35,665 Model 3s that were imported. The cars were produced between December 2019 and this month. The regulator said Tesla plans to upgrade cruise-control software on the vehicles remotely, which would save owners the chore of taking their car...

Chinese banks step up cryptocurrency ban, Valuation down to $30,000

24Jun By AdityaNo Comments

CHINA

Chinese banks step up cryptocurrency ban, Valuation down to $30,000

Beijing, Jun 24th, 2021: China's biggest banks promised to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban. Regulators appear to worry that despite the 2013 ban on Chinese banks and other institutions handling cryptocurrencies, the state-run financial system might be indirectly exposed to risks. After this announcement, Bitcoin's valuation falling below $30,000. Ethereum is more than 50% off its highs from early May. Many other crypto assets have fallen even further with a number of tokens down 70% to 90% in value. Beijing also worries users might evade efforts to monitor and control the financial system. The four major state-owned commercial banks and payment service ...

19Feb By AdityaNo Comments

CHINA

China bans BBC from broadcasting

Beijing, Feb 19, 2021: Chinese Communist Government has banned BBC World News from broadcasting in China amid violation of its guidelines, Chinese television and radio regulator announced. The move comes a week after the UK revoked the license of the Chinese state-owned broadcaster China Global Television Network (CGTN). China has criticised the BBC for its reporting on the deadly coronavirus pandemic and the persecution of ethnic minority Uighurs and lodged a protest with the British broadcaster. The BBC said it was "disappointed" by China’s decision to ban it. The Chinese regulator, National Radio and Television Administration (NRTA) has made the announcement on Thursday night on pulling BBC World News off the air in the country for serious content violation. NRTA said BB...

11Feb By AdityaNo Comments

CHINA

China ban Clubhouse app, used for political discussion

BEIJING (AP), 11th Feb 2021— Zeng Jiajun, a former tech worker, fell in love with social media app Clubhouse, a window through the ruling Communist Party’s pervasive censorship, after listening to a freewheeling discussion between members of China’s Uighur minority and Han majority that wound up lasting 12 hours. Thousands of Chinese flocked to the app, which allowed unfettered discussion with people abroad about democracy, Taiwan and other sensitive topics at a time when President Xi Jinping’s government is increasingly hostile to independent voices. “This kind of communication is rare,” Zeng said. “Hearing someone’s voice can make both sides realize we’re all human.” On Monday, that window slammed shut when Chinese users lost access to Clubhouse, adding it to thousands of websi...

Chinese regulators order Ant Group to rectify its Businesses

28Dec By AdityaNo Comments

CHINA

Chinese regulators order Ant Group to rectify its Businesses

Hong Kong, Dec 28th, 2020 (AP): Chinese regulators have ordered Ant Group, the world's largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country's internet sector. The People's Bank of China, the country's central bank, summoned Ant executives and ordered them to formulate a rectification plan and an implementation timetable of its business, including its credit, insurance, and wealth management services, the regulators said in a statement. The statement said Ant Group lacked a sound governance mechanism, defied regulatory compliance requirements and engaged in regulatory arbitrage. It also said that the company used its market position to exclude rivals and hurt the ri...