VILNIUS, Lithuania—Taiwan is creating an investment fund and planning other measures to help Lithuania as it faces major economic pressure from China for allowing the island to open a representative office in the European Union country, Taiwanese officials said Wednesday. “The $200 million fund will be used for investments into the Lithuanian economy and help…
GOP Lawmaker Seeks to Hold China Accountable for Its Unfair Trade Practices
A U.S. bipartisan bill seeks to hold the Chinese Communist Party (CCP) accountable for its unfair trade practices, according to Rep. Bill Johnson (R-Ohio), who co-sponsored the legislation with Rep. Terri Sewell (D-Ala.). The bill aims “to stop [China] from dumping counterfeit products dumping, flooding the market with steel,” as well as doing so “through…
What’s Biden’s Plan to Stop CCP’s Unfair Trade Practices? Sen. Scott Asks US Trade Chief
Sen. Rick Scott (R-Fla.) on Dec. 21 sent a letter to U.S. Trade Representative Katherine Tsai demanding answers about how the Biden administration plans to respond to Beijing’s chronic violation of the terms of its World Trade Organization (WTO) membership and failure to comply with the phase one U.S.-China trade agreement. Coming just days after…
Supply Chain Chaos Plagues Australian Businesses
December 20, 2021
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Australia’s economic recovery has been stunted by an international supply chain crisis, with businesses struggling to secure critical supplies—a problem many expect will persist into 2022. The pandemic wrought by the CCP (Chinese Communist Party) virus has made timely sea freight a rare commodity, with the intermittent closure of ports cascading into the clogging of…
Why Are Cerence Shares Trading Higher Today?
Wells Fargo analyst Colin Langan upgraded Cerence Inc. from Equal-Weight to Overweight and an $85 price target, down from $91, implying a 15 percent upside. Langan noted Cerence is down about 50 percent from its high and 34 percent since reporting FY21 results and guiding below consensus for FY22. On the heels of the cautious FY22 guidance, Cerence announced a sudden change…
Japan Trade Recovers as Supply Chain Troubles Ease
December 16, 2021
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TOKYO—Japan’s exports jumped 20 percent and imports rose at an even faster pace in November as disruptions to manufacturing supply chains eased. Preliminary trade data reported Thursday showed imports surging nearly 44 percent from a year earlier, pulling the country into a deficit, as surging oil prices pushed costs sharply higher. Iron and steel exports…
US SEC to Tighten Insider Trading Rules, Boost Money Market Fund Resilience
WASHINGTON—The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed tightening a legal safe-harbor that allows corporate insiders to trade in a company’s shares, and other rules to improve the resilience of money market funds. The agency also unveiled measures to increase transparency around share buybacks and the complex derivatives at the center of New…
20 Years of China in WTO: Win or Lose?; Lily Tang Williams: Survivor of Mao’s Cultural Revolution
December 13, 2021
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What was living in China like during the Cultural Revolution as a young girl? I caught up with Lily Tang Williams, who grew up during the 10-year Cultural Revolution in China. She now speaks across the country warning the American people about the horrors of communism, including about some of the same tactics used in…
C3.ai Secures $500 Million Defense Department Contract
Enterprise AI software company C3.ai established a new five-year Production-Other Transaction Agreement worth $500 million with the Department of Defense (DoD). The agreement allows for an accelerated timeline to acquire C3 AI’s suite of Enterprise AI products. It enables any DoD agency to acquire C3 AI products and services for modeling and simulation. “The new…
German Exports Shoot Up 4.1 Percent in October
BERLIN—German exports grew at their strongest pace in more than a year in October despite persistent supply bottlenecks in manufacturing, data showed on Thursday. Seasonally adjusted exports increased by 4.1 percent on the month after falling in August and September, the Federal Statistics Office said. Imports also saw an unexpected leap, growing 5 percent after…
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