China has recently introduced new guidelines aimed at phasing out U.S. microprocessors from Intel and AMD in government personal computers and servers, as reported by the Financial Times. Additionally, the procurement guidance also seeks to sideline Microsoft’s Windows operating system and foreign-made database software in favor of domestic options. Government agencies above the township level
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The recent trend among investment analysts is to upgrade U.S.-listed Chinese stocks to buy, signaling a positive outlook for these companies. This comes as many Chinese firms are releasing their earnings for the last quarter of 2023 and the full year. While there is skepticism about China’s ability to meet its growth target for 2024
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In a recent interview with the Financial Times, activist investor Nelson Peltz criticized Disney for focusing too heavily on movies with female and Black actors. Peltz argued that Disney’s films have become more about delivering a message rather than quality storytelling. Specifically, he took issue with films like “The Marvels” and “Black Panther,” questioning the
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After a prolonged period of drought in the tech IPO market on Wall Street, this week marked a significant breakthrough with the market debuts of Reddit and Astera Labs. These two companies, although operating in different sectors of the technology industry, were the first prominent venture-backed tech firms to go public in the U.S. since
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Slovakia is currently in the midst of a crucial presidential election, with Prime Minister Robert Fico’s influence looming large over the proceedings. The election, which is taking place in two rounds, has the potential to shape the country’s future in significant ways. Fico’s ally, Peter Pellegrini, is a frontrunner in the race to succeed President
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Greencore Group, an Ireland-based manufacturer of convenience foods, has been facing significant challenges in recent years. The company, which supplies chilled, frozen, and ambient foods to retail and food service customers in the United Kingdom, has seen a sharp decline in its stock price and operating performance since the onset of the Covid-19 pandemic. Despite
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Gray divorce, referring to the separation of couples aged 50 and older, is on the rise. The rate of gray divorce has doubled from 1990 to 2019, with a threefold increase among adults over age 65. This trend contrasts with declining divorce rates among younger adults, highlighting a significant societal shift. A study published in
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The demand for weight loss drugs, particularly GLP-1s, in the United States is on the rise despite limited insurance coverage and high price tags. A recent survey conducted by Evercore ISI shed light on the willingness of patients to pay out of pocket for these treatments, revealing a stark income divide. Participants with annual incomes
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The S&P 500 closed the week with minimal changes, but it saw its most significant weekly percentage gain in a while after the Federal Reserve decided to stick with projections for three interest rate cuts by the end of the year. This decision by the Fed has created a sense of optimism in the market,
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