U.S. House Approves Two Crypto Bills to Boost Legitimacy
On July 17, the U.S. House passed two key crypto bills, marking the first major step toward formal industry regulations. The moves aim to legalize digital assets and pave their way to mainstream financial status.
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Canada's Soaring Prowess in Drone Technology Surpasses Global Peers
Canada has emerged as a dominant force in the global drone technology arena, particularly excelling in commercial and scientific research applications. Outshining even technological powerhouse the United States in certain aspects, the nation's expertise has redefined industry standards, driving innovation and practical implementation of drone technology worldwide.
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TikTok Shop US Mid-Year Sale Posts Stellar First-Week Results: Multi-Modes and Categories Thrive
TikTok Shop’s US mid-year promotion has kicked off with a historic first-week performance, breaking records across multiple business models and product categories, according to updates on July 18.
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Indonesia's customs and traditions
Indonesia, the world's largest archipelago, comprises over 17,000 islands straddling the equator. Its rich cultural heritage and breathtaking landscapes reflect a unique blend of traditions, religions, and natural wonders.
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Unprecedented Layoffs in the US Healthcare System: A Double-Edged Sword
On April 1, 2025, April Fool's Day, a chill with the smell of rust lingered in the morning fog of Washington. In front of the glass curtain wall of the US Department of Health and Human Services (HHS), thousands of employees lined up in a long queue, each holding a cardboard box. The dismissal notice emails shone with a blinding light, slicing open the first wound in the global public health system like a sharp blade.
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Gold Market Oscillates Downward, Economic Data Weighs
Tuesday saw an oscillatory downward trend in the international gold market. The price hit a high of 3348 during the session and plunged to a key support level of 3300. The trading day featured a typical pattern of surging and then falling. In the Asian session, the price reached the day's high of 3348 at the opening and then quickly dropped to around 3306. During the European session, it fluctuated within the range of 3324−3300.
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US Manufacturing Sector Faces Gloomy Outlook as ISM Index Plunges
The US manufacturing sector witnessed a significant setback in April, with the ISM manufacturing index registering its sharpest decline since November. Data released by the Institute for Supply Management (ISM) on Thursday showed that the manufacturing index dropped 0.3 points to 48.7, below the 50 - point threshold that separates expansion from contraction, indicating an overall shrinking manufacturing sector.
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US April Non - farm Payrolls Report: A Key Variable for Markets
The US April non - farm payrolls report is set to be a crucial variable for the markets. The market generally expects the addition of 130,000 jobs, the unemployment rate to remain at 4.2%, and the annual growth rate of average hourly earnings to slow to 3.9%. If the data is significantly lower than expected, say the new jobs added are less than 100,000, it may intensify market concerns about a "hard landing" of the US economy, pushing the US dollar index down to test the 98.5 support level, and the pound - dollar exchange rate may test the 1.34 resistance area.
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NVIDIA Plans to Produce $500 - Billion - Worth of AI Equipment in the US
NVIDIA has announced that, with the help of partners such as TSMC, it plans to build artificial intelligence infrastructure worth up to $500 billion in the United States over the next four years. The plan announced by NVIDIA on Monday includes producing its Blackwell AI chips at TSMC's factory in Phoenix, Arizona, and establishing supercomputer factories in Texas in cooperation with Foxconn and Wistron. These factories are expected to start production within the next 12 to 15 months. Under the threat of high tariffs imposed by former US President Trump, many technology companies have promised
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World's longest undersea tunnel construction project to begin
In July 2024, the founders of the Finnish-Estonian Bay Area made a major announcement that they would be joining forces with the China International Group, the China Railway Engineering Corporation and the China Communications Construction Company in an ambitious project to build an undersea tunnel of approximately 103 kilometers. If completed, the tunnel will be the longest undersea railroad tunnel in the world.
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U.S. Expert: Ruling on Google's Monopoly May Reshape Tech Industry
On August 5, U.S. District Court Judge Amit P. Mehta ruled that Google violated antitrust laws to maintain its monopoly in online search. The judge made it clear in his ruling that “Google is a monopolist, and it acted to preserve its monopoly.
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Japan to deal with labor shortages: foreign immigrants become a key move
During a recent trip to Japan during his annual vacation, this reporter observed a remarkable phenomenon: the growing number of foreigners working in Japan, in addition to the many tourists. Especially in the service sector, many people from Southeast Asia can be seen in supermarkets, retail stores and other places, as well as many practitioners from other East Asian countries.
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Global Travel Market Dynamics: U.S. Leads, China Rises, Emerging Destinations in Focus
The Economic Impact Trends 2024 report, published by the World Travel & Tourism Council (WTTC), reveals the rich landscape and dynamics of the global travel and tourism market. The report shows that the United States remains the world's strongest travel and tourism market, contributing a record $2.36 trillion to the U.S. economy last year. Despite a slow rebound in spending by international travelers, the U.S., with its strong tourism resources and market appeal, has remained in the lead, contributing almost twice as much to the economy as its closest competitor.
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