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Jian Sun

16 Dec, 24

Morning Bid: 2024 bull run in home stretch, China ‘data dump’ eyed

Asia kicks off the final full trading week of 2024 with the monthly ‘China data dump’ landing on Monday, and with investors leaning toward keeping the stock market bull run going as central banks around the world go into easing mode. Several G10 central banks last week cut interest rates or, in the case of Australia, signaled it may do so soon, […]
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07 Oct, 24

Huge shift in interest rate predictions as Bank of England chief says cuts could be more ‘aggressive’

The pound has fallen sharply after the governor of the Bank of England told the Guardian it could become a “bit more aggressive” in cutting interest rates if inflation continues to cool. Andrew Bailey said he was encouraged that cost of living pressures had not been as persistent as feared, but warned the Bank was monitoring the […]
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30 Sep, 24

UK to finish with coal power after 142 years and becomes first G7 nation to exit coal-fired power

The country has been burning coal to make electricity since 1882 but the last remaining plant in Nottinghamshire, is being decommissioned as capacity from clean alternatives has allowed it. The final coal-fired power station left in the UK will be shut down later on Monday amid the transition to renewable energy. The closure of Uniper-owned […]
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30 Sep, 24

Chinese Embassy in the UK Celebrates 75th Anniversary of the People’s Republic of China

Chinese Embassy in the UK hosted a reception to mark the 75th anniversary of the founding of the People’s Republic of China on Wednesday last week . H.E. Ambassador Zheng Zeguang delivered the keynote speech, while Parliamentary Under-Secretary Catherine West, representing the UK government, also addressed the gathering. The event was attended by more than […]
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23 Sep, 24

US to ban Chinese tech in cars

The US is planning to ban certain hardware and software made in China and Russia from cars, trucks and buses in the US due to security risks. BBC reports Officials said they were worried that the technology in question, used for autonomous driving and to connect cars to other networks, could allow enemies to “remotely […]
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