U.S.-China relations have hit a new low after a Chinese spy balloon was found drifting high over the United States and eventually shot down using a 5th Generation Lockheed Martin F-22 Raptor firing a Sidewinder missile in a dramatic display of U.S. military might.
Insights
Opinion and insights on some of the latest events in the corporate and business worlds, the world financial markets, and the movers and shakers who pull the strings.
It is hard to determine whether the country's latest Covid stance will prevent Beijing from abandoning its universally despised "zero Covid" policy. We can only mention a couple of the headlines, such as one that states Beijing is trying to downplay the seriousness of the disease and another that says vaccination for elderly people is being aggressively promoted.
Based in China, we have been looking hard at the rise of automated vehicles as part of the race to dominate the domestic car market.
The Federal Reserve's two-day meeting will likely be the highlight of the upcoming week, with everyone waiting to see what clues the Fed gives about future rate rises. Expectations are of a half-point increase this month, followed by the same in July.