Why Beijing’s ‘Made in China’ iron ore strategy is an empty threat
China has told its companies to produce more domestic iron ore as commodity prices hit record highs, but analysts say this will not reduce its reliance on Australian exports. Beijing’s warning to Australia that it will ramp up domestic iron ore production sounds...
Today is a Day of Survival
(Bloomberg) — It’s been a rough two weeks in the crypto world, where as much as $1 trillion in market value has evaporated. Wednesday may be the worst of it, as the world’s two largest digital asset exchanges, Binance and Coinbase Global Inc., suffered service...
Google Aims for Commercial-Grade Quantum Computer by 2029
Alphabet Inc.’s Google plans to spend several billion dollars to build a quantum computer by 2029 that can perform large-scale business and scientific calculations without errors, said Hartmut Neven, a distinguished scientist at Google who oversees the company’s...
Buying into Communism
“People are prepared to obtain order and tranquility by giving up other values such as democracy and freedom. This dangerous temptation has not disappeared, even today.” — Mikhail Gorbachev, 1993 June 4, 2009. I opened the day in Shanghai, meeting with...
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