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Akhilendra Sahu

U.S. Bans Imports from Chinese Steel and Sweetener Firms Over Forced Labor Claims

In a significant move, the Biden administration announced a ban on imports from two Chinese companies—one a steel manufacturer and the other a maker of artificial sweeteners. This decision stems from allegations of forced labor linked to these firms operating in China’s Xinjiang region, known for its human

Australia’s Wealth Fund Cuts Hedge Fund Investment with Man Group by $1 Billion

Australia’s sovereign wealth fund, the Future Fund, has significantly reduced its investment with hedge fund giant Man Group Plc by about A$1.5 billion (approximately $1 billion) in the first half of this year. This change reflects the fund’s ongoing adjustments amid a shifting financial landscape. Man

From Threat to Opportunity: How Ozempic is Changing the Packaged Food Landscape

Less than a year ago, the food industry was in a panic over Ozempic, a drug designed to suppress cravings and aid weight loss. Executives from major food companies were reaching out to Novo Nordisk A/S, the drug’s manufacturer, expressing their fears about plummeting sales due to reduced

West Ham United Owner David Sullivan Slashes Price of Historic London Mansion by £10 Million

David Sullivan, the chairman of West Ham United Football Club, has reduced the asking price of his stunning London mansion by £10 million, bringing it down to £65 million. The 21,000-square-foot property in Marylebone boasts beautiful Georgian architecture, luxurious amenities, and a rich history. A Pricey Project Sullivan purchased

China Poised for Major Fiscal Stimulus: $1.4 Trillion in Special Debt Possible

China is gearing up to boost its economy, with a leading economist suggesting the country could issue as much as 10 trillion yuan ($1.4 trillion) in special debt to ramp up fiscal support. This comes as expectations rise for increased public spending as part of a broader stimulus package

Tadashi Yanai Donates $31 Million to Boost Japanese Humanities at UCLA

Japanese business leader and philanthropist Tadashi Yanai has made a monumental gift of $31 million to UCLA, marking the largest donation ever to the university’s Humanities Division. This funding aims to transform the study of Japanese humanities through a new initiative called “Japan Past & Present.” A Legacy of

Japan's Rate Hike Outlook: Experts Stay Bullish Despite Dovish Prime Minister Remarks

Japan’s Currency Stays Steady Amid Shifts in Rate Policy Japanese currency experts remain confident about the Bank of Japan’s (BOJ) future interest rate hikes, even after recent dovish comments from Prime Minister Shigeru Ishiba. Despite Ishiba stating that Japan doesn’t need further rate increases right now, market