U.S. to Raise Tariffs on $16 Billion of China Goods on Aug. 23

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The U.S. said it will begin imposing 25 percent duties on an additional $16 billion in Chinese imports in two weeks, escalating a trade war between the world’s two biggest economies. Customs will begin collecting the duties on 279 product lines, down from 284 items on the initial list, as of Aug. 23, the U.S. […]

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The End of the Global Housing Boom

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From London to Sydney and Beijing to New York, house prices in some of the world’s most sought-after cities are heading south. Tax changes to damp demand, values out of kilter with affordability and tougher lending standards have combined to undermine the market. That could have wider implications because the world’s wealthy have been buying […]

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China Now Has the Most Valuable AI Startup in the World

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It becomes the world’s richest-valued private AI startup The company drives China’s ambition to dominate global AI said to have sought the biggest stake in the three-year-old startup. With the deal, SenseTime has doubled its valuation in a few months. Backed by Qualcomm Inc., it underscores its status as one of a crop of homegrown […]

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For Chinas Wealthy, Singapore Is the New Hong Kong

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When more than 80 of China’s wealth managers gathered recently at the Shangri-La hotel on Singapore’s resort island of Sentosa, the chatter during tea breaks kept returning to one theme: Hong Kong is starting to be eclipsed by Singapore as the favorite destination for the wealth of China’s rich. At stake for banks in both […]

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