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As China and the United States accuse each other of provoking the latest escalation in trade tensions and disrupting the world economy, analysts say both share a goal in their war of words: applying maximum pressure until a deal is struck.In the past few days, Washington has framed the recent flare-up in relations as “China versus the world”, with US Treasury Secretary Scott Bessent suggesting on Wednesday that Beijing’s restrictions on the export of rare earth elements unveiled last week made the country an “unreliable partner”.Beijing has responded in kind, with its Commerce Ministry accusing the US of adopting a…

KARACHI: Pakistan’s central bank has warned that flood-induced losses to the country’s agriculture sector, post-flood infrastructure spending, and geopolitical uncertainty may widen trade and current account deficits, accelerate inflation reading, and restrict economic growth to around 3.25% in the ongoing fiscal year 2025-26. “The flood-induced losses to agriculture and infrastructure [spending] are likely to have upside risks for the projection of twin deficits and inflation outlook, while downside risks for growth,” the State Bank of Pakistan (SBP) said in a brief on economic outlook in its Annual Report 2024-25 on the State of Pakistan Economy released on Thursday. “Similarly, geopolitical…

The US dollar headed toward its third consecutive daily loss against the euro on Thursday, while edging slightly higher against the Japanese yen, as ongoing concerns over US–China trade tensions and dovish remarks from Federal Reserve officials weighed on market sentiment.   Analysts said political headwinds have pressured the yen, though they expect the currency to find near-term support from the anticipated US interest rate cuts, the end of the Fed’s quantitative tightening program, and the potential rise in market volatility, which typically benefits safe-haven assets.   US Treasury yields remained near multi-week lows, with the 10-year yield hovering just…

Nvidia founder and CEO Jensen Huang said the company’s position in China has dropped from 95 per cent of the advanced chip market to zero, as the US semiconductor giant is not allowed to sell its advanced products to mainland companies under US export restrictions.“Hopefully, we will continue to explain and inform and hold on to hope for a change in policy”, he said at a Citadel Securities event in New York on October 6. A video of the interview was published on Wednesday.“At the moment, we’re 100 per cent out of China,” Huang said. Nvidia has been banned from…

For instance, the Jilin-1 commercial satellite constellation successfully tracked an F-22 fighter jet manoeuvring through clouds – a feat that showcased the potential of civilian satellite systems in military reconnaissance.However, optical cameras are inherently limited: they cannot operate at night and are easily obstructed by cloud cover, fog or other adverse weather conditions. In real combat scenarios, military commanders place greater trust in radar satellites, which can function reliably around the clock and under all weather.For decades, detecting stealth aircraft like the F-22 Raptor or B-21 Raider using a space-borne radar was widely considered unfeasible. If such detection was possible…

China said it had expelled two Philippine aircraft near the disputed Scarborough Shoal on Thursday in the second confrontation between the two rival South China Sea claimants in as many days.Liu Dejun, a spokesman for the Chinese coastguard, said two Philippine reconnaissance aircraft had “illegally entered Chinese air space above Huangyan Island” (the Chinese name for Scarborough Shoal).He added that the planes had been expelled in “accordance with laws and regulations”.The previous day the Philippines said another one of its planes had been “subjected to aggressive interference” during a routine maritime domain awareness flight over the reef.Jay Tarriela, a spokesman…

Workers at a large Nexperia packaging plant in the southern Chinese city of Dongguan said they are worried about becoming collateral damage in a simmering political dispute between the Netherlands and China that has upended the management of the Dutch semiconductor maker.During a visit by the Post on Thursday, operations at the factory appeared normal even as staff were aware of the power struggle between Nexperia’s Dutch management and its Chinese owner, Wingtech Technology, over control of the company.Two workers said there had been no official briefing from supervisors about the dispute, though one noticed a tightening of shifts beginning…

My top 10 things to watch Thursday, Oct. 16 1. Salesforce issued better-than-expected 2030 guidance and said it will return to double-digit organic revenue growth. Very important. It was perceived to be impossible because AI was hurting its other businesses while its own AI product, Agentforce, wasn’t catching on one year later. Shares jumped more than 6% this morning. 2. Strong quarter from chipmaking giant TSMC , which raised its 2025 revenue growth outlook to the mid-30% range, up from the 30% expected in July. The maker of Nvidia and Apple’s chips is also expecting Q4 operating margin in the…

The US dollar headed toward its third consecutive daily loss against the euro on Thursday, while edging slightly higher against the Japanese yen, as ongoing concerns over US–China trade tensions and dovish remarks from Federal Reserve officials weighed on market sentiment.   Analysts said political headwinds have pressured the yen, though they expect the currency to find near-term support from the anticipated US interest rate cuts, the end of the Fed’s quantitative tightening program, and the potential rise in market volatility, which typically benefits safe-haven assets.   US Treasury yields remained near multi-week lows, with the 10-year yield hovering just…

Chinese semiconductor companies, part of the more than 600 exhibitors at an industry event in Shenzhen this week, unveiled an array of advanced products that appear to bolster the country’s broad push towards tech self-reliance.At the three-day WeSemiBay Semiconductor Ecosystem Expo 2025, which concludes on Friday, Shenzhen municipal government-backed SiCarrier, which is known to work with Huawei Technologies, drew much attention when the chip equipment maker presented more than a dozen products. These included optical inspection systems, physical and X-ray measurement tools, etching and diffusion products and thin-film deposition machines.Longsight Technologies, a SiCarrier subsidiary, launched an ultra-high-speed, real-time oscilloscope with…