Torbjørn Færøvik's Blog, page 85

The forgotten Indian explorer who uncovered an ancient civilisation

An Indian archaeologist, whose career was marked by brilliance and controversy, made one of the world's greatest historical discoveries. Yet he remains largely forgotten today. In the early 1900s, Rakhaldas Banerjee (also spelled Banerji) unearthed Mohenjo-daro - meaning "mound of the dead men" in the Sindhi language - in present-day Pakistan. It was the largest city of the thriving Indus Valley

Trump Admin Declares China 'Lab Leak' the True Origins of COVID-19

The Trump administration has doubled down on the lab-leak theory of COVID-19's origins, publishing an in-depth statement Friday accusing public health officials and intelligence agencies of suppressing the theory for political purposes."Public health officials often mislead the American people through conflicting messaging, knee-jerk reactions, and a lack of transparency. Most egregiously, the

What China's Reported Boeing Boycott Means for the Company

Boeing has reportedly been launched into the center of the U.S.-China trade war, adding to the difficulties already facing America's largest aircraft manufacturer. According to Bloomberg, citing anonymous sources familiar with the matter, Beijing has directed its airlines not to take any further deliveries of Boeing aircraft, with a halt also placed on imports of aircraft-related parts from all

Donald Trump Could Struggle to Force Europe's Hand on China

As relations between the U.S. and China deteriorate, the European Union risks becoming caught in the crosshairs. And any attempt by President Donald Trump to force the EU to choose between the two countries is unlikely to succeed, experts told Newsweek.Trump initially went for a wide-ranging tariff hike on all trading partners, with China hit hardest. He would pause the majority of what he called

Beyond Tariffs: What the U.S. Can Learn from China's Industrial Playbook

The Trump administration is attempting to spur an industrial revival in the United States by imposing tariffs on trading partners. China—a key target of U.S. tariffs—has experienced the largest industrial expansion in history, rising from poverty to become the top global manufacturer and exporter within a generation. Despite the unique nature of its political economy and the challenges it faces,

A Trade War With China Is a Very Bad Idea

This much seems clear: The Trump administration is executing its trade war with China with the same care and thoughtfulness with which it accidentally cut the Department of Energy’s Nuclear Security Administration, mistakenly offered buyouts to mission-critical workers in the Veterans Affairs office, and proposed sudden cuts to customer-service employees at the Social Security Administration.

Trump's tariffs leave China's neighbours with an impossible choice

When US President Donald Trump hit China with tariffs in his first term, Vietnamese entrepreneur Hao Le saw an opportunity. His company is one of hundreds of businesses that have emerged to compete with Chinese exports that have increasingly been facing restrictions from the West.Le's SHDC Electronics, which sits in the budding industrial hub of Hai Duong, sells $2m (£1.5m) worth of phone and

Nvidia: The AI chip giant caught between US and China

Computer chip giant Nvidia has once again found itself at the centre of US-China tensions over trade and technology. On Thursday Nvidia's chief executive Jensen Huang flew to Beijing to meet senior Chinese officials, just after the US imposed new export controls on its chips.The California-based company will require licenses to export its H20 AI chip to China, a move which the US Commerce

Designed in US, made in China: Why Apple is stuck

Every iPhone comes with a label which tells you it was designed in California. While the sleek rectangle that runs many of our lives is indeed designed in the United States, it is likely to have come to life thousands of miles away in China: the country hit hardest by US President Donald Trump's tariffs, now rising to 245% on some Chinese imports.Apple sells more than 220 million iPhones a year

The US wants to charge Chinese ships to dock at American ports

The United States has unveiled plans to impose new port fees on Chinese ships, saying it aims to revive American shipbuilding against China’s dominance in the industry. President Donald Trump has embarked on a sweeping trade war with China, a move his administration portrays as a bid to bring manufacturing back to the United States but that critics and many economists fear could trigger a global