Trump retracts from tax cuts in the wake of US recession fears

  As global markets are witnessing a slowdown and ongoing trade war between US and China, on the other hand, changes in US tax policy are expected to contain the damage, which may affect the US economic outlook in the future. After much speculation however on expected changes in the US tax policy front, President

After Trump’s “locked and loaded” remark, Xi Jinping calls White House for rhetoric restraint

Chinese President Xi Jinping has called US President Trump on Saturday pleading for restraint on the ongoing war of words and actions which would help ease off tensions escalating between the US and North Korea. The call from Chinese President Jinping came after the US declared its military to be “locked and loaded” as well

Activists concerned for Chinese democracy and human rights activist Liu Xiaobo’s poor treatment in prison

The crushing treatment meted out to political dissenters by China time and again is known the world over. This time however, Nobel Prize winning democracy activist Liu Xiaobo is at the receiving end of it. The 61-year-old cancer-stricken Chinese activist has been campaigning for enhanced democracy and human rights for decades. In fact, the global

SECURING COMMUNICATION CHANNELS OF THE FUTURE THROUGH UNHACKABLE QUANTAM NETWORKS

Expanding the horizons of secure communication, Chinese scientists have successfully tested quantum entanglement over unparalleled distances using their experimental satellite launched last year. The satellite had distributed entangled pair of photons to three different terrestrial base stations on ground each separated by 1,200 kilometres. With the test, China has established itself as the front-runner in

Latest News/Update on Microsoft (Live Blog)

16 March, 2014: Microsoft seeks legal help in US against piracy in emerging markets Microsoft has succeeded in getting Attorneys general of states like Lousiana and Oklahoma in its efforts to secure payments from unlicensed users in China and other emerging markets. Earlier Attorneys-general did not take active interest in overseas issues concerning companies. Microsoft managed

Federal probe ordered into bribery allegations over JPMorgan Chase, another legal headache for the company

  A federal bribery investigation has been ordered to look into the allegations leveled against JPMorgan Chase & Co. that it has hired the children of top Chinese officials to win business. The case comes as another addition to the series of legal and regulatory headaches faced by the Chief Executive Jamie Dimon. Although Dimon

Baidu to Pay $1.9 Billion for acquiring major App Store developer

  China’s biggest Internet search engine company Baidu has said on Tuesday that it has reached a preliminary agreement with 91 Wireless, a major developer of app stores in China to acquire them for $1.9 billion. Source: NYtimes

US regains top spot in confidence survey on FDI, beats China

US regain top spot as the top executive’s choice for FDI after a gap of 12 years. The reason behind this win for US is considered to have been its recourse towards sustainable and stable economic development in comparison to China. The United States was on fourth place in the same survey conducted in 2012. The

Chinese dissident Chen Guangcheng says, NYU forcing him out

The Chinese dissident legal advocate Chen Guangcheng said he was being asked to leave New York University forcefully due to the possible damage that his activism was causing in the NYUs relationship with China. Chen Guangcheng came in news after his break away from house arrest in the American Embassy in Beijing last year  and

China responds to Snowden claims of US hacking Chinese computer systems

The China Daily which happens to be the English-language mouthpiece of the Chinese government couldn’t have got a better story. Edward Snowden the former contractor for the National Security Agency on June 13 after exposing the American electronic surveillance program has told the South China Morning Post before fleeing to Hong Kong that the U.S.