English News
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China’s fastest growing city wants to be the next Silicon Valley — local systems may get in the way
KEY POINTS As China tries to build up its own technology, it looks difficult for other cities to replicate the…
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Bitcoin price surge may be driving up interest in China’s digital yuan, central bank says
KEY POINTS Interest in China’s digital yuan project could in part be driven by the surging price of bitcoin, said…
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Asia-Pacific shares mostly rise; Nomura stock continues slide following Monday tumble
KEY POINTS Japan’s retail sales declined 1.5% in February from a year earlier, according to a preliminary report released Tuesday…
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Dollar rallies as U.S. economic optimism boosts Treasury yields
KEY POINTS The dollar index rose above the 93 mark and was last up 0.4% at 93.288. It hit a…
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Oil drops as Suez opens, focus turns to OPEC+ output cuts
(CNBC)- Oil prices fell on Tuesday as the Suez Canal opened up after days closed by a grounded supercarrier and…
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Gold slides 2% to 3-week low on surging U.S. yields
(CNBC)- Gold prices shed nearly 2% on Tuesday on a firmer U.S. dollar and higher Treasury yields, while hopes of…
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German state suspends AstraZeneca vaccine use for under-60s
KEY POINTS Berlin’s top health official, Dilek Kalayci, said Tuesday that the decision was taken as a precaution. The country’s…
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Crypto investor who bought Beeple’s NFT for $69 million says he would have paid even more
KEY POINTS The buyer of the $69 million NFT by the artist Beeple said he was prepared to bid even…
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Dow slips from a record high, Apple and Microsoft lead losses
(CNBC)-U.S. stocks fell on Tuesday as major technology shares came under pressure again after the 10-year Treasury yield touched its…
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Xiaomi launches its first foldable phone and camera chip as it looks to challenge Samsung
KEY POINTS Xiaomi launched the Mi Mix Fold, its first foldable phone on Monday, as it looks to challenge Samsung.…
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As Wall Street reels, Archegos’ fire sale raises big questions about regulation
KEY POINTS Reports suggest that several banks had communicated with one another on the Archegos squeeze. Some proceeded to unload…
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Dollar pares gains after hitting four-month high as risk appetite wanes
(CNBC)- The U.S. dollar reached a fresh four-month high before slashing its gains on Thursday, as yields on U.S. Treasuries…
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