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21h07/10

Chinese clinic extracts 12 teeth from man after he complains of ache in one tooth

A Chinese clinic has been punished by authorities after it extracted the 12 remaining teeth from a 63-year-old man with high blood pressure and heart disease, and withdrew all the money from his accounts. The man, surnamed Li, from Baoji, northwestern China’s Shaanxi province, went to the Datuanyuan Dental Clinic to have an aching tooth checked last September. Li recently told Chinese media outlets that he believed the clinic’s ads, such as “Get a dental implant in the morning and eat meat in...

◇ unclassifiedchina · asia
23h07/10

How the RMB Business Facility will help consolidate Hong Kong’s financial role

Hong Kong’s updated yuan financing tool for banks, featuring a quota 150 per cent larger than before, was launched on Friday, giving a significant boost to the use of the Chinese currency in daily global business. What is the RMB Business Facility? The RMB Business Facility is a funding window run by the Hong Kong Monetary Authority (HKMA) that allows participating banks to borrow yuan at the relatively cheap Shanghai three-month interbank offered rate, which is about 2 percentage points lower..

◇ unclassifiedchina · asia · usa
23h07/10⚠ war-conflict · 3/5

The Coming Power War That Will Define the AI Era

Every great economic era has been defined by a fight over a single resource. In the 19th century, it was coal, and the British Empire was built on top of it. In the 20th century, it was oil, and the modern Middle East and American postwar dominance were both shaped by who controlled the flow. In the early 21st century, semiconductors became the world’s most critical asset, sparking the rise of Taiwan, growing trade tensions with China, and the creation of several multi-trillion-dollar tech giant

◇ unclassifiedmiddle-east · russia · usa
1d07/09⚠ war-conflict · 3/5

NATO Projects Unity as Leaders Rally Behind Ukraine

It is fair to say that the final day of the NATO summit in Ankara on July 8 got off to a tense start. Overnight, the United States had resumed strikes on Iran after an uneasy cease-fire. The entire conflict had shaken the military alliance, with US President Donald Trump slamming European allies for not helping out and questioning their “loyalty.” In his joint press appearance with the NATO Secretary-General Mark Rutte on July 8, he again ripped into European nations for delaying or preventing U

◇ unclassifiedmiddle-east · russia · usa
1d07/09

EU Eyes 2040 Electrification Target to Slash Oil and Gas Dependence

The European Commission is set to unveil next week an electrification target for 2040 in a bid to reduce the need for fossil fuels and strengthen the renewable energy sector in the EU, according to a draft proposal seen by Bloomberg News. The Commission, the EU’s legislative arm, is expected to propose on July 17 a target for the share of electrification, still unspecified, as part of the energy consumption in the bloc by 2040. “With decisive action at all levels, Europe can become the first ele

◇ unclassifiedmiddle-east · russia · usa
1d07/09

How Europe’s rush for Chinese air conditioners exposes the gap in Brussels’ trade policy

A heatwave is driving unprecedented demand for Chinese air conditioners in Europe, just as Brussels seeks to narrow its record trade deficit with China through new restrictions. Observers said this exposed a glaring contradiction between public demand and political rhetoric, adding that the European Union was shifting blame for the trade deficit instead of addressing its own structural shortcomings. The record-breaking heatwave has disrupted transit infrastructure, triggered droughts and led to.

◇ unclassifiedchina · asia · europe
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