Wang Yi of Blinken Council Stresses the Importance of Peace in the Taiwan Strait
US Secretary of State Antony Blinken held a bilateral meeting with Chinese State Councilor and Foreign Minister Wang Yi on the sidelines of the United Nations General Assembly on Friday (23), the first since the two met at the G20 foreign ministers’ meeting ( G20) in Indonesia in July. During the first meeting, Blinken emphasized to Wang Yi that it is essential to maintain peace and stability in Taiwan. Read the full article…
Chip demand worsens, everyone corrects inventory
AMD (AMD-US) closed up more than 2% on Friday (23rd), as Morgan Stanley analysts believe that AMD’s performance is particularly worrying in difficult times for the chip industry. Read the full article…
Powell says the US economy will enter a ‘new normal’ regardless of interest rates, economic outlook
The US economy may enter a “new normal” after disruptions from the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Friday in a speech at a “Fed Listens” panel. (New Normal), and will continue to deal with a series of unusual disturbances. But Powell did not address the outlook for interest rates in his speech, nor did he provide further details about the economic outlook. Read the full article…
The UK faces a currency crisis, Citi sees sterling falling to parity against the dollar
After the UK offered 45 billion pounds worth of tax cuts on Friday (23rd), the pound depreciated by more than 3% against the dollar, setting a new low in 37 years. Market analysts said the UK was facing the risk of a currency crisis, which is likely to lead to sterling Against the dollar for the first time ever, parity was achieved, with the pound reaching an all-time low of $1.05. Read the full article…
