Is Australia’s Reserve Bank bankrupt?

Australia’ s Reserve Financial institution has just reported the loss of A$37 billion dollars (US$24. 1 billion), the biggest in its history, and it says it will probably be unable to pay the federal government dividends for some time. The particular announcement followed a review of its bond-buying program, one of the most important methods it supported the particular economy during the very first […]

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Japan becomes global contender in industrial lasers

More than twenty companies are active in the industry of ultrashort heartbeat (USP) lasers worldwide, according to Laser Concentrate World,. Most of them are usually European and American; a few are through China. Now there is really a new, potentially effective Japanese entrant. Hamamatsu Photonics is using European support in order to expand its laser-related product line and develop […]

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Hong Kong to end hotel quarantine on Sept 26

Hong Kong will cancel its hotel quarantine rule and negative PCR test requirement before boarding for international travelers from September 26, the government said today in a long-awaited policy shift to revive the city’s sagging status as an international business hub. Hong Kong will adopt a so-called “0+3” arrangement whereby incoming travelers will no longer […]

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US pulls the plug on more China telecos

Cina has expressed its strong opposition to some new US Federal Communications Commission (FCC) decision to prohibit three Chinese phone system companies from selling equipment to the internet development finance. On Tuesday, the FCC said this had put Chinese language telecom firms China Unicom (Americas), Pacific Networks Corp and it is wholly-owned subsidiary ComNet (USA) on the “ Covered […]

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Why India’s economy is so much better than Pakistan’s

India and Pakistan inherited the same economic legacy of underinvestment and neglect from Britain when they became independent states following the Partition on August 15, 1947. Their colonial economies were among the poorest in the world. For both nations, independence almost immediately led to strong growth and fueled significant gains in education, health care and […]

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HK may finally lift quarantine rules in Nov

Hong Kong’s government is expected to announce this week a further relaxation of its Covid-19 quarantine rules by November to attract more international travelers and restore the city’s sagging standing as an international business hub, according to local press reports. All incoming travelers to Hong Kong must now stay at designated hotels at their own […]

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Chinese biomed firms take ill on Biden’s decoupling order

Shares associated with China’s contract medication makers have been pressurized since US Chief executive Joe Biden agreed upon an order that urges drug makers to reduce reliance upon foreign labs. Upon Monday (September 12), Biden signed an executive order in order to coordinate a whole-of-government approach to advance biotechnology and biomanufacturing, jointly referred to as the “bioeconomy, ” to address […]

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UK’s tilt to Asia no panacea for flagging post-Brexit trade

Regardless of initiating the largest alter in trade plan in 50 yrs — leaving the European Union — the UK federal government still has no trade strategy. The United Kingdom’s development because the 18th century offers relied heavily upon its global trade links and its intuition are still fairly open. One might have anticipated a leadership competition […]

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Australia firing up East Asia gas security fears

With power prices at historically high levels, many eyes are on governments. Disruptions in energy supply chains due to the war in Ukraine have prompted countries to look toward power sources they had started to shift away from — China has grown its  coal  production and Japan will  return  to nuclear — to secure their energy supply. The Australian […]

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