Harris’ First Interview Focuses on Economic Priorities
In Vice President Kamala Harris’ first interview since securing the Democratic presidential nomination, she emphasized that her primary focus on day one would be addressing economic challenges and strengthening the middle class.
China’s Potential Mortgage Refinancing Plan
China is contemplating a plan to allow homeowners to refinance up to $5.4 trillion in mortgages, aiming to reduce borrowing costs for millions of families and stimulate consumption.
UK Financial Regulator’s Delay in Bank Capital Reforms
The UK’s top financial regulator is reportedly postponing the next phase of bank capital reforms, indicating a global trend of rulemakers adjusting their timetables until the US finalizes its package.
Calls for Public Investment Splurge by New Chancellor Reeves
The UK’s fiscal watchdog has presented a case for new Chancellor Rachel Reeves to undertake a public investment splurge, expressing concerns that an overly cautious budget could hinder economic growth.
Restrictions on ASML Holding NV’s Activities in China
The Netherlands plans to impose limitations on ASML Holding NV’s capability to repair and maintain its semiconductor equipment in China, potentially impacting Beijing’s efforts to advance its chip industry.
Nvidia Explores Funding Round for OpenAI
Nvidia, the world’s largest chipmaker, is reportedly considering participating in a funding round for OpenAI with a valuation exceeding $100 billion.
Aug 30, 2024
