Japan suffered the strongest typhoon that has landed in the country within 25 years. Typhoon Jebi made its touchdown in the western area of the country bringing heavy rain and crushing winds of up to 172 km/h.
Iran sanctions lead the many factors that might increase oil price to US$95 per barrel. John Kilduff from Again Capital told reporters that West Texas Intermediate is expected to implement the increase this winter.
China is loosening its foreign investment policies for global businesses as it pursues its belt and road initiative. On the hand, its economic rival, the United States, goes all-out on its indiscriminate slapping of tariffs to its trading partners.
Shanghai Securities News reported that the testing phase of a blockchain trade finance platform has been officially launched by the People’s Bank of China. The “Bay Area Trade Finance Blockchain Platform” was released earlier than its scheduled date.
E-House Enterprise Holdings sees greater opportunity for growth as an effect of the high-speed railway that links Hong Kong and China. The company expects more property sales as Hong Kong enjoys improved residency rights in mainland China under the Chinese government’s new permit policy.
Pounds value falls as an effect of the continuing poor performance of UK’s manufacturing and construction industry and the Brexit uncertainty. The pound fell by 0.7 percent compared to a dollar and 0.8 percent against euro.
Retail prices of gasoline and diesel in China was reported to increase on Tuesday as announced by the National Development and Reform Commission. Retail prices will increase by 180 Yuan or about $26.4 per tonne for gasoline and 170 Yuan for the diesel.
Former government leaders and research experts from both sides of China and the US call their leaders attention to rationally address the continuously inflamed trade war. They appealed that both sides should stop exchanging tariffs on each other to loosen up the tensions of their trade frictions.
The Chinese People’s Liberation Army Air Force (PLAAF) aired for the first time on Tuesday a new 3-minute promotional video that showcases China’s most sophisticated and deadliest aircrafts as part of China’s military modernization.