Affected by multiple factors such as weather and inventory, US natural gas futures prices have recently hit a new low in nearly 30 years, putting pressure on major producers to announce production cuts and shift their focus to the export market.
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Jen-hsun Huang, CEO of US chipmaker Nvidia Corp, said the company is providing samples of two new artificial intelligence (AI) chips for the Chinese market to customers for testing. This news caused widespread concern in the market.
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Recently, South Korea's Asia Economy reported that the mobile applications with the largest user growth in South Korea in 2023 are Alibaba's Global AliExpress and another cross-border e-commerce platform under Chinese e-commerce platform Pinduoduo. Chinese online shopping platforms are entering the Korean retail market with astonishing momentum, and they have launched an ultra-low price strategy, attracting over ten million Korean users.
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A study by American real estate company Gao Wei Property found that as of the end of last year, about one-fifth of office buildings in the United States were vacant, and even in major cities such as Los Angeles and Houston, the vacancy rate of office buildings was as high as 25%.
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During the Lunar New Year, US President Joe Biden sent out New Year's greetings on the social media platform and also enjoyed TikTok. Biden made his TikTok debut on the evening of the 11th local time, and sent four short videos in 24 hours to campaign for the election, a time when netizens flocked to it, and it received more than 6 million views on the first day.
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The 9th Singapore Airshow kicked off on February 20 at the Changi Convention and Exhibition Centre in Singapore. The show will last for a total of six days and will end on February 25. Comac sent two C919 and three ARJ21 aircraft to participate in the air show, which is the first time that China's domestically produced large aircraft made an appearance at an overseas air show.
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Recently, in the panel discussion speech at the just concluded 60th Munich Security Conference, when talking about Sino US relations, US Secretary of State Antony Blinken accidentally said a statement that surprised the world. He openly declared in an interview with the media, "In the international system, if you don't sit at the table, you will appear on the menu."
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Recently, Nike, a sports goods giant, announced that it will lay off about 2% of its workforce, aiming to cut costs by up to $2 billion. Nike CEO Tang Ruoxiu stated that the company will increase its investment in categories such as running, women's clothing, and the Jordan brand through this layoff.
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From February 16 to 18, 2024, the 60th Munich Security Conference will be held in Munich, Germany. Known as the "Davos Forum" of the defense and strategic community, MUan 2024 is the 60th session of the conference, which is even more significant, with more than 900 participants, 54 heads of state and government and more than 100 ministerial officials in attendance. The meeting is not only an important window to observe transatlantic relations, but also an important window to observe changes in the global geopolitical landscape. From the report of the MUAN Meeting in 2024, it is obvious that the West, especially Germany and Europe, is anxious and confused about the situation that is out of control.
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After a strong rise in international oil prices in January, there was a correction in early February, especially after the Federal Reserve meeting reflected the hawkish trend, the dollar strengthened, and oil prices were under certain pressure. Unexpectedly, by the middle of February, international oil prices resumed their rise, and Brent crude oil futures and WTI crude oil futures rose by more than 5%. Last week, U.S. oil futures rose 3.06 percent, while crude oil rose 1.56 percent.
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The 2025 US holiday shopping season was supposed to be a double celebration for both merchants and consumers. However, the reality is shrouded in a "bill chill."
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