Chinese President Xi Jinping’s relatives continue to hold millions of dollars in business ventures and financial investments, suggests a recent US intelligence report. The findings also suggest that despite Xi’s decade-long anti-corruption drive, which has seen the prosecution of millions of officials across all levels of the Chinese Communist Party (CCP) there still remains “endemic”…
Today in History Today is Thursday, Jan. 23, the 23rd day of 2025. There are 342 days left in the year. Today’s Highlight in History: On Jan. 23, 1368, China’s Ming dynasty, which lasted nearly three centuries, began as Zhu Yuanzhang (zhoo whan-zhahng) was formally acclaimed Hongwu Emperor, following the collapse of the Yuan dynasty. …
December 30, 1977 would mark a profound moment in history, and in the heart of a Cleveland resident serving in the United States Marine Corps at the time. At 20 years old, Corporal Rick Roderick was stationed at a post in Warsaw, Poland with nine other soldiers. They’d gotten word earlier in December that President…
NEW DELHI (Reuters) -Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for conspiring with executives of a formerly New York listed company to devise a $265 million scheme to bribe Indian officials to boost their solar energy business. Adani Group denied the allegations as “baseless”, while Indian government officials haven’t commented so far….
Chinese government officials will no longer be allowed to avoid commenting on emergencies under new legislative amendments to give journalists better “legal protection”. A commentary published on Friday in Legal Weekly, a newspaper under the supervision of the Central Political and Legal Affairs Commission – a Communist Party body with a wide range of supervisory…
Goldman Sachs upgraded its China growth forecast over the weekend, citing recent stimulus measures and new commentary from government officials that showed an openness to spend more aggressively to revive its economy. The bank raised its full-year China GDP forecast to 4.9% from 4.7% and also upped its 2025 growth prediction to 4.7% from 4.3%….
Shares of Nvidia (NVDA) closed down 2% on Sept. 27 after media reports surfaced that China’s government is discouraging domestic companies from buying Nvidia’s microchips and processors. Bloomberg News, and other media outlets, are reporting that government officials in Beijing are calling on Chinese businesses to source artificial intelligence (AI) microchips produced within China, and…