Finance

The rapid ascent of China in the biotechnology sector poses serious implications for global power dynamics, particularly in its race with the United States. While artificial intelligence tends to dominate headlines, recent studies underscore that biotechnology might be where China can genuinely challenge U.S. supremacy. The Harvard Belfer Center has pointed out that China stands

Navigating the treacherous waters of U.S.-China relations has never been easy, and the current situation exemplifies the challenges that accompany high-stakes diplomacy. President Donald Trump’s recent comments about the difficulty of reaching a trade agreement with Chinese President Xi Jinping underscore this complexity. Trump’s candid admission that dealing with Xi is “extremely hard” captures a

Klarna, a company that many may associate solely with the “buy now, pay later” (BNPL) model, is boldly redefining its business landscape. Introducing the Klarna Card, a Visa debit card poised to cater to a broader spectrum of financial needs, signals an intentional shift in its corporate identity. This move comes as Klarna prepares for

In the ever-evolving landscape of finance, bonds often serve as the bedrock of investors’ portfolios, providing stable, predictable returns that can insulate against market volatility. Presently, however, the bond market is sending mixed signals that demand attention and, for many, significant re-evaluation of strategies. Recent commentary from industry experts highlights a compelling narrative: a pivot

The U.S.-China trade talks have hit a significant roadblock, raising alarms in both countries as months of diplomatic tension culminate in a standoff. Treasury Secretary Scott Bessent recently acknowledged the sluggish progress, stating the necessity for high-level discussions between the two leaders. The sense of urgency is palpable; with both economies at stake, it begs

The electric vehicle (EV) sector in China has reached a boiling point, characterized by a price war that sends shockwaves throughout both domestic and global markets. BYD, a powerhouse in the industry, recently cut prices by nearly 30% on several models, including its budget Seagull compact car, now priced attractively at 55,800 yuan ($7,750). This

Starling Bank, a notable player in the British fintech scene, has recently reported a staggering decline in profit, with a nearly 26% drop year-over-year. This revelation should serve as a wake-up call, not just for the bank itself but for the entire fintech industry. For the fiscal year ending March 31, 2025, Starling recorded a

Xiaomi, a company synonymous with affordable smartphones, is making waves in the electric vehicle (EV) sector with its latest offering: the YU7 SUV. Launched not long after its initial foray into EVs with the SU7 sedan, this ambitious step underscores Xiaomi’s goal to rival established players, particularly Tesla, in China’s intensifying electric vehicle market. With

In a climate where stability is the optimal goal for any economy, President Donald Trump’s aggressive tariffs have introduced a level of uncertainty that unsettles both markets and policymakers alike. The Federal Reserve’s role has always been a delicate balancing act, and recent statements by Chicago Federal Reserve President Austan Goolsbee reflect this precarious situation.

In the ever-evolving smartphone market, price has become a pivotal battleground, and Xiaomi is strategically leveraging it to its advantage. The launch of the Xiaomi 15S Pro, starting at 5,499 yuan ($764), not only positions the phone as a competitively priced alternative to Apple’s latest iPhone 16 models but also qualifies it for state subsidies.