On Friday, Beijing announced that a trade-in program that previously applied to big appliances and cars will now be widened to smartphones.
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With military conflict continuing across the globe, and the world’s superpowers locked in a stare-down, it’s not easy being a global business
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Call the considerations, which could have knock-off effects on global currency markets, a yuan-sided argument.
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The world’s factory is slowing down and it might have nothing to do with the tariffs promised by the Trump 2.0 administration.
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What this means, however, is that the next time American markets tumble, it won’t just be America’s problem.
Beijing’s move came swiftly in response to the White House’s decision to slap new curbs on exports of vital chip components to China.
The last mile is always the hardest. For the Federal Reserve, the last mile in its race to tame inflation just got even harder.