Fearing China, South Korea targets firms building Taiwan navy submarines

SEOUL, Oct 16 (Reuters) – South Korean authorities cited the risk of Chinese economic retaliation when they charged marine technology firm SI Innotec last year with violating trade laws for its work on Taiwan’s new military submarine program, according to … Read More

China sanctions Lockheed Martin and Northrop Grumman over arms deals with Taiwan

China imposed sanctions on two U.S. defense companies over arms deals with Taiwan. Foreign Ministry spokesman Mao Ning announced on Friday that it sanctioned Northrop Grumman and Lockheed Martin under the Anti-Foreign Sanctions Law of the People’s Republic of China, … Read More

Weekly Update by Mark Armstrong – September 1, 2023

Greetings from Tyler, Most of us have found some tranquility.  But that can be interrupted by seeing most any news report.  Much of the time, it’s not even news reports.  It’s someone angrily preaching some woke philosophy.  They’ve got Trump … Read More

China Maneuvers for Leadership of Anti-Western ‘Global South’ at BRICS Summit

The 2023 BRICS summit is scheduled for Tuesday through Thursday this week, bringing together the five member nations of Brazil, Russia, India, China, and South Africa to lay the groundwork for a world of post-American “inclusive multilateralism.” Judging by the … Read More

A key Chinese shadow bank has missed payments on dozens of investments, and it shows just how bad things are in the world’s second-largest economy

Chinese trust company Zhongrong International has missed repayments on dozens of investment products since late July — pointing to deepening troubles in the world’s second-largest economy amid a real-estate crisis. Wang Qiang, the company’s chief compliance officer, told investors earlier … Read More

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