Category: business
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Japan’s Top Currency Official Warns of Overheating in AI-Fueled Stock Market
Japan’s leading foreign exchange official, Atsushi Mimura, expressed concern on Wednesday about the rapid rise in stock market valuations driven by the global artificial intelligence boom. Speaking at a Bloomberg event in Tokyo, the Vice Finance Minister for International Affairs cautioned that the pace of the rally may be moving too quickly. “There are growing
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Investors Urge Calm as AI Stock Rally Stumbles
Global markets have hit turbulence after months of surging tech valuations, but investors and analysts say there’s no need to panic — at least not yet. The recent slide in artificial intelligence–linked stocks, they argue, looks more like a healthy correction than the start of a meltdown. Tech Selloff Spreads Across Markets The decline, now
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Trump Restricts Nvidia’s Top AI Chips to U.S. Companies, Limits China Access
In a move that could reshape the global artificial intelligence (AI) and semiconductor landscape, former U.S. President Donald Trump announced that the United States will reserve Nvidia’s most advanced AI chips exclusively for domestic companies, effectively barring China and potentially other countries from accessing the cutting-edge technology. During a taped interview aired on CBS’ “60
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Amazon’s $38 Billion OpenAI Deal Signals Its Rise in the AI Race
Amazon (NASDAQ: AMZN) has secured a $38 billion cloud deal with OpenAI, marking a significant move to reclaim its position as a leader in the artificial intelligence (AI) and cloud computing market. Analysts say the partnership highlights Amazon Web Services’ (AWS) renewed momentum after recent challenges, including market share losses and technical outages that disrupted
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Starbucks Sells Majority Stake in China Operations to Boyu Capital in $4 Billion Deal Aimed at Rapid Expansion
Starbucks, the global coffeehouse giant, has announced a major strategic move in its China business—a $4 billion sale of a 60% stake in its Chinese retail operations to Boyu Capital, a Hong Kong-based private equity firm. The deal, disclosed on Monday, signals Starbucks’s long-term ambition to significantly scale its footprint in one of its biggest
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South Korea Gifts Xi Jinping a Jeju-Made Go Board After Honoring Trump with Golden Crown
Symbolic Diplomacy: A Tale of Two Gifts GYEONGJU, South Korea — November 1, 2025 – In a symbolic gesture of cultural diplomacy, South Korean President Lee Jae Myung presented Chinese President Xi Jinping with a handcrafted Go board made from rare Jeju Island wood during Xi’s state visit this Saturday. The gift, made from Torreya
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Russia’s Non-GMO Soybean Exports to China Remain Secure Despite Trump-Xi U.S. Trade Deal, Says Insider
November 1, 2025 – Russia’s long-standing non-GMO soybean trade with China is unlikely to be disrupted, even after the recently concluded bilateral soybean purchase agreement between the United States and China. A high-ranking Russian government source confirmed that Moscow’s niche market for non-genetically modified soybeans remains “safe,” reaffirming Russia’s unique position in the global soy
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Trump Administration Unveils $100 Million Initiative to Modernize U.S. Coal Power Plants
October 31, 2025 – The U.S. Department of Energy (DOE) has announced a fresh wave of federal funding aimed at revitalizing the domestic coal industry, as part of the Trump administration’s broader strategy to bolster traditional energy sectors. The newly announced $100 million allocation will support upgrades and modernization efforts for existing coal-fired power plants
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Russia’s LNG Exports Slip Year-to-Date, But Surge in October on New Arctic Project
November 1, 2025 – Russia’s liquefied natural gas (LNG) exports for the January-to-October period declined by 3.4% year-on-year, totaling 25.2 million metric tons (mmt), according to data compiled by LSEG and ship-tracking sources. However, a strong rebound in October saw exports jump 21% to 3.4 mmt, driven in part by flows from the newly launched
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BYD Reports 12% Decline in October Vehicle Sales as Competition Intensifies in China’s Electric Vehicle Market
Beijing, China – In a notable shift for one of the world’s leading electric vehicle manufacturers, Chinese automaker BYD Co Ltd announced a 12% drop in vehicle sales for October 2025 compared to the previous year. The company reported global deliveries of 441,706 vehicles, a significant decline from the 502,675 units sold in October 2024.
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