Types of ores, precious metals, semiconductor components ... are in the list of China exempted from tax for the US from May 19 until mid-2021. China has announced a new list of 79 US products eligible for import duty exemption in the context of Beijing increasing purchases of goods from the United States. Products exempted from this round include ores, precious metals, semiconductor components, medical disinfectants, chemicals and petrochemicals, etc. China's Ministry of Finance said the tax exemption will take effect from May 19 and expires on May 18, 2021. However, within 6 months from May 19, importers must apply to China Customs to be considered for tax exemption.
Luck at a time when the global economy is struggling because of Covid-19, the billionaires boom to see. The richest billionaire of all time Jeff Bezos, the Amazon boss, set a record of "pocketing" $ 6.4 billion after just one day after the stock rose above the all-time high. Amazon shares jumped 5.3% on April 14, reaching a new record of $ 2,283 per share. This stock is currently up over 20% this year. The Amazon boss is worth an estimated $ 138 billion, far exceeding other wealthy billionaires in the world.
Indian billionaire Mukesh Ambani once again usurped Jack Ma's richest man in Asia after a deal with Facebook. On April 22, billionaire Ambani's fortune increased $ 4.7 billion to $ 49.2 billion after Reliance Industries' stock jumped 10%. This boost helped the billionaire's fortune be about $ 3.2 billion higher than what Jack Ma owned, according to the Bloomberg Billionaires Index. On April 21, Facebook announced that it would buy back 9.9% of the businessman Jio Platforms of Ambani for $ 5.7 billion. With the deal, Facebook will have access to Jio's 370 million registered customers.
Gambling billionaire Phil Ruffin is known for his long-standing close relationship with US President Donald Trump. According to Forbes, he currently owns a fortune of $ 3.2 billion With a net worth of $ 3.2 billion, Forbes ranks billionaire Phil Ruffin as the 319th richest person in the United States and the 8th largest in the world. Most of that money he makes comes from casino and real estate businesses.
The founder of Tesla always made statements that made public opinion. Most recently, on the May 7 broadcast, Elon Musk commented that the Warren Buffett-like investment was very boring and he did not admire Warren Buffett. Billionaires Elon Musk and Warren Buffett. Photo: Getty Images Billionaire Elon Musk did not hesitate to give his opinion on legendary investor Warren Buffett. During Tesla's recent earnings report, Elon Musk called Warren Buffett's famous investment strategy "mediocre".
US stocks fell sharply in a volatile trading session on Thursday (February 27), when investors were concerned the COVID-19 epidemic could spread in the US. A series of warnings from businesses and analysts on the corona virus have put pressure on key indicators, causing them to fall into the regulatory zone, CNBC reported. Ending the Thursday session, the Dow Jones index evaporated 1,190.95 (equivalent to 4.4%) to 25,766.64 points. The S&P 500 lost 4.4% to 2,978.76 points, while the Nasdaq Composite lost 4.6% to 8,566.48 points.
US stocks fell when investors worried that the re-opening of the economy might not work as expected Ending the session 12/5, the Dow Jones industrial index fell 457.21 points (1.9%) to 23,764 points. S&P 500 lost more than 2% compared to the reference, to 2,870 points, while the Nasdaq Composite also fell more than 2% to nearly 9,000 points. The sharpest reduction was in stocks benefiting from re-opening the economy. These stocks reversed in the second half of the session. Bank of America, Citigroup, JPMorgan Chase and Wells Fargo stocks all lost at least 3% of the reference. Nike and Disney shares also fell 2.9%.
Thai officials have told billionaires that fighting the economic shock caused by Covid-19 is a duty of their citizenship. Thai Prime Minister Prayuth Chan-Ocha has asked 20 of Thailand's richest people to use their money and organizations to develop projects that can reach every corner of the country. He also said the government doesn't need them to raise money. This intention was made by him from the middle of last month. In a televised speech at the time, the Thai Prime Minister said the government could not solve the health and economic challenges posed by the pandemic alone. They need other participants to participate.
Covid-19 was unintentionally a push for economies to accelerate the race to attract FDI when many companies wanted to shift production from China. The world has long depended heavily on China. In addition to the role of the world's factory, the growing and growing population makes China a lucrative consumer market. However, before the US-China trade war broke out, multinational companies had to rethink their operations in China. Increasing labor costs, increasingly fierce local rivals and less friendly regulation system make many businesses hesitate. The outbreak of Covid-19 further exposed the world's dependence on Chinese goods, especially necessary medical equipment. Aware of this, a number of countries have launched preferential policies to encourage businesses to move production from China.
Chang Mingzhu, president of Gree Electric, sold home appliances worth $ 43.7 million after three hours of livestreaming. Over the past few years, livestreams have become popular in China. Celebrities and Internet influencers are often hired by companies to promote their brands. However, recently, more and more CEOs or senior leaders of companies have appeared in front of camera lenses to livestream to introduce products. Li Jing, director of interior decoration company Mendale Textile, earned $ 3.5 million after a four-hour livestream in March. Meanwhile, James Liang, President of Trip.com, sold travel packages. The calendar is worth $ 8.4 million after five livestreams, about an hour each. Similarly, on March 10, Ms. Dong Mingzhu, Gree Electric's "boss," sold home appliances worth a total of $ 43.7 million after three hours of livestreaming.