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GeneDx Holdings Corp. (NASDAQ:WGSWW) Sees Significant Drop in Short InterestA timeline of the life and political career of President Jimmy CarterStock futures were flat in overnight trading Sunday evening ahead of the last few trading sessions of 2024. Futures tied to the Dow Jones Industrial Average were flat, while S&P 500 futures edged up 0.04%. Nasdaq-100 futures rose 0.1%. > Philadelphia news 24/7: Watch NBC10 free wherever you are The major averages are heading into the yearend shy of record levels, with the S&P 500 and Dow up more than 25% and 14%, respectively, and on track for the best year since 2021. The Nasdaq has gained more than 31%. The benchmarks are also headed for a winning fourth quarter, with the Nasdaq on pace for its longest quarterly winning streaking since the second quarter of 2021. Despite a losing session for all the major averages on Friday, investors are hoping that stocks will continue to rise into the year-end and the new year, and trigger what's known as a Santa Claus Rally. The phenomenon refers to the market rising into the final five trading days of a calendar year and the first two in January. The S&P 500 has returned 1.3% on average during this period since 1950, according to LPL Financial. This week ushers in a light period for economic data, with the market closed Wednesday in observance of New Years Day. Chicago PMI and pending homes sales data are due out Monday. Stock futures open little changed Stock futures opened little changed as Wall Street kicked off the final trading week of the year. Futures tied to the Dow Jones Industrial Average were flat, while S&P 500 futures edged up 0.04%. Nasdaq-100 futures rose 0.1%. — Samantha Subin
Former Indian Prime Minister passed away this Thursday. Recognized for being one of the longest-serving prime ministers, Singh is widely regarded as the architect of significant liberalizing economic reforms. He held the position of prime minister from 2004 to 2014 and previously served as finance minister. Singh was admitted to the All India Institute of Medical Sciences in New Delhi after experiencing , resulting from a sudden loss of consciousness at his home, according to the hospital in an official statement. Resuscitation efforts began immediately at his residence. He was transferred to the Emergency Room at 8:06 p.m. However, despite the efforts made, he could not be stabilized and The patient was receiving treatment for various age-related medical conditions. At the time of his death, Singh was . On Thursday, various leaders , including Prime Minister Narendra Modi, who expressed on social media that India is mourning the loss of one of its most prominent leaders. Modi emphasized that Singh’s wisdom and humility were always evident in his interactions and highlighted the great efforts made to improve people’s lives during his tenure as . Priyanka Gandhi, daughter of former Prime Minister Rajiv Gandhi and a member of the Congress Party, remarked that , wise, determined, and brave until the end. For his part, Rahul Gandhi, leader of the Congress Party, stated that he has lost a mentor. Singh was born on September 26, 1932, in a remote village in the Punjab province of India. After completing his studies at , he continued his academic training by earning a master’s degree at the University of Cambridge, followed by a doctorate at Oxford. During his time at Cambridge, the lack of was a constant concern for Singh. His tuition and living expenses amounted to around 600 pounds annually, of which only 160 pounds were covered by a scholarship from Panjab University; for the rest of his expenses, he depended on his father. Manmohan opted for an , taking advantage of subsidized meals in the cafeteria, which were relatively affordable at a cost of two shillings and six pence. His political career took off when he was appointed , during a critical period when the country was facing a severe economic crisis. This unexpected appointment highlighted his as an academic and public servant, having previously served as economic advisor to the government and governor of the central bank of India. In his first speech as , he echoed the famous phrase by Victor Hugo, stating that “no power on Earth can stop an idea whose time has come.” This declaration marked the beginning of an ambitious and innovative economic reform program, which included tax reductions, the devaluation of the rupee, the privatization of state-owned enterprises, and the promotion of foreign investment. As a result of these measures, experienced a remarkable revitalization, with an industrial resurgence, effective control of inflation, and sustained growth rates throughout the 1990s. Singh became the first Indian leader since Jawaharlal Nehru to be re-elected after completing a full term and was also the first Sikh to hold the presidency of the country. In a show of humility, he offered a public apology in Parliament for the , which resulted in the deaths of approximately 3,000 Sikhs. However, his second term was marked by that severely affected his administration. Many believe that these scandals were partly responsible for the crushing electoral defeat of his party in the Congress in the general elections of 2014. Cancela en cualquier momento Acceso exclusivo a rankings y radiografías. Análisis profundos y casos de estudio de éxito. Historial de la revista impresa en formato digital. ¡Disfruta de lo mejor del marketing sin costo alguno por unmes!Global trends, trading sentiment of foreign investors, and macroeconomic announcements will influence traders in the coming week, analysts said. The experts noted that the equity markets will keenly be on the lookout for fluctuations in currency movements and major data reveals across the globe as investors mark the beginning of the New Year in the week. Continues below advertisement window.addEventListener("load", function() { let ad_unit_fire_time = 1000; if(ad_delay_time_abp > 0){ ad_unit_fire_time = parseInt(ad_delay_time_abp) + 500; } setTimeout(function () { googletag.cmd.push(function() { googletag.display("div-gpt-ad-9167143-2"); }); },ad_unit_fire_time) }); The Indian rupee also recorded its steepest fall in almost two years to reach a lifetime intra-day low on Friday, reported PTI. Meanwhile, auto stocks will also be observed by the market players in the week. Santosh Meena, Head of Research, Swastika Investmart Ltd, noted, “Persistent FIIs (Foreign Institutional Investors) selling has been a source of pressure on Indian markets, and their stance in the new year could shape near-term trends. Meanwhile, monthly auto sales data will also be closely watched. As the Q3 earnings season approaches, corporate quarterly updates will begin trickling in, setting the stage for market expectations.” Continues below advertisement window.addEventListener("load", function() { let ad_unit_fire_time = 1000; if(ad_delay_time_abp > 0){ ad_unit_fire_time = parseInt(ad_delay_time_abp) + 500; } setTimeout(function () { googletag.cmd.push(function() { googletag.display("div-gpt-ad-1253031-3"); }); },ad_unit_fire_time) }); Also Read : H1-B Visa Row: What Is The US Visa Programme And Why Has It Become A Hot Topic On Social Media? EXPLAINED The expert said major economic indicators such as manufacturing PMI data from China and the US, along with jobless claims from the US would be crucial factors to watch in the week. “However, the dollar index and US bond yields remain the most critical factors influencing the direction of global markets” he added. Ajit Mishra, SVP, Research, Religare Broking Ltd, said, “Auto stocks will also remain in the limelight this week amid monthly sales data announcement. As we step into the new calendar year and month, auto sales data will be closely monitored for initial market cues. In the absence of any significant events, attention is likely to shift toward FII flows and currency movement, especially as the rupee continues to weaken against the US dollar. These factors could play a crucial role in shaping market direction in the near term.” Notably, the equity markets witnessed a major rally last week. The BSE Sensex gained more than 650 points or 0.84 per cent, while the NSE Nifty50 climbed over 200 points or 0.95 per cent in the week. Also Read : Vodafone Idea Says DoT’s BG Waiver Comes As ‘Relief For Telecom Industry’
Darnold gives Vikings another gem with career-high 377 yards in 27-25 win over Packers MINNEAPOLIS (AP) — Sam Darnold added another exploit to his career-altering season, passing for a personal-best 377 yards and three touchdowns as the Minnesota Vikings hung on to beat the Green Bay Packers 27-25 for their ninth consecutive victory. The Vikings are 14-2. They set up a final-week showdown in Detroit for both the division title and the No. 1 seed for the playoffs in the NFC. Jordan Love’s only touchdown pass for the Packers came with 2:18 left to pull the Packers within two points. Darnold responded with two completions for first downs to seal the game. Saquon Barkley tops 2,000 yards rushing and moves within 100 of Dickerson's record PHILADELPHIA (AP) — Saquon Barkley became the ninth running back in NFL history to top 2,000 yards rushing in a season, reaching the milestone with a 23-yard run in the fourth quarter against the Dallas Cowboys. That rush gave Barkley 2,005 yards with one game left and left him exactly 100 yards from Eric Dickerson’s record of 2,105, set in 1984 for the Los Angeles Rams. Barkley could potentially top the record in next week’s finale against the New York Giants. However, that game will be mostly meaningless for the Eagles, who could opt to rest Barkley to protect him from injury ahead of the playoffs. Moment of silence for former President Jimmy Carter held before the Falcons-Commanders game LANDOVER, Md. (AP) — A moment of silence was held for former President Jimmy Carter before the Atlanta Falcons' game at the Washington Commanders. The Georgia native served as the 39th president of the United States at the White House less than 10 miles away from 1977-81. Falcons owner Arthur Blank in a statement called Carter an inspirational global humanitarian. Carter died earlier Sunday at the age of 100 in Plains, Georgia. He also has a connection to the NFL as the first president to host the Super Bowl champions at the White House when he welcomed the Pittsburgh Steelers there in 1980. NFC's No. 1 seed comes down to Vikings-Lions showdown at Detroit in Week 18 The NFC’s No. 1 seed will come down to the final week when the Detroit Lions host the Minnesota Vikings. The winner takes the NFC North and gets a first-round playoff bye and home-field advantage until the Super Bowl. The loser gets the No. 5 seed and must play on the road in the wild-card round. The Vikings held on for a 27-25 victory over the Green Bay Packers to set up the high-stakes showdown in Week 18. The Lions visit the San Francisco 49ers on Monday night. Win, lose or tie, they have to beat the Vikings for a second time this season. Bills clinch the AFC's No. 2 seed with a 40-14 rout of the undisciplined Jets ORCHARD PARK, N.Y. (AP) — Josh Allen threw two touchdown passes and ran for another score and the Buffalo Bills clinched the AFC’s No. 2 seed with a 40-14 rout of the New York Jets. The Bills put the game away by capitalizing on two Jets turnovers and scoring three touchdowns over a 5:01 span in the closing minutes of the third quarter. Buffalo’s defense forced three takeaways overall and sacked Aaron Rodgers four times, including a 2-yard loss for a safety in the second quarter. The five-time defending AFC East champion Bills improved to 13-3 to match a franchise single-season record. Saquon Barkley tops 2,000 yards rushing as Eagles beat Cowboys 41-7 to clinch NFC East PHILADELPHIA (AP) — Saquon Barkley rushed for 167 yards to top 2,000 on the season, backup quarterback Kenny Pickett ran and threw for scores before departing with injured ribs, and the Philadelphia Eagles clinched the NFC East title by routing the Dallas Cowboys 41-7. Barkley has 2,005 yards and needs 101 in next week’s mostly meaningless regular-season finale to top Eric Dickerson and his 2,105 yards for the Los Angeles Rams in 1984. The Eagles led 24-7 in the third quarter when Pickett was drilled by defensive end Micah Parsons, ending his first start in place of the concussed Jalen Hurts. Penn State coach James Franklin says Nick Saban should be college football's commissioner SCOTTSDALE, Ariz. (AP) — Penn State coach James Franklin believes college football needs a commissioner and he even has a candidate in mind: former Alabama coach Nick Saban. Franklin made the suggestion Sunday at Penn State’s College Football Playoff quarterfinals media day ahead of the Fiesta Bowl. The sixth-seeded Nittany Lions are preparing for their game against No. 3 seed Boise State on Tuesday. The veteran coach was responding to a question about Penn State’s backup quarterback situation after Beau Pribula transferred to Missouri before the playoff. Pribula’s decision highlighted some of the frustrating aspects of a new college football world in the Name, Image and Likeness era and the transfer portal, forcing players to make tough decisions at inopportune times. LeBron James at 40: A milestone birthday arrives Monday for the NBA's all-time scoring leader When LeBron James broke another NBA record earlier this month, the one for most regular-season minutes played in a career, his Los Angeles Lakers teammates handled the moment in typical locker room fashion. They made fun of him. Dubbed The Kid from Akron, with a limitless future, James is now the 40-year-old from Los Angeles with wisps of gray in his beard, his milestone birthday coming Monday, one that will make him the first player in NBA history to play in his teens, 20s, 30s and 40s. He has stood and excelled in the spotlight his entire career. Rising Sun Devils: Arizona State looks to pull off another big surprise at the Peach Bowl ATLANTA (AP) — As they prepare for Arizona State’s biggest game in nearly three decades, the guys who made it happen aren’t the least bit surprised to be rated a nearly two-touchdown underdog in the College Football Playoff. That’s a familiar position for the Sun Devils. They've been an underdog most of the season. Of the eight teams still vying for a national championship, there’s no bigger surprise than 11-2 Arizona State. The Sun Devils went 3-9 a year ago and were picked to finish dead last in their first season in the Big 12 Conference. Now, they're getting ready to face Texas in the Peach Bowl quarterfinal game on New Year’s Day. Lakers send D'Angelo Russell to Nets in trade for Dorian Finney-Smith, Shake Milton LOS ANGELES (AP) — The Los Angeles Lakers have traded guard D’Angelo Russell to the Brooklyn Nets for forward Dorian Finney-Smith and guard Shake Milton. The Lakers also sent forward Maxwell Lewis and three second-round draft picks to Brooklyn. Russell averaged a career-low 12.4 points per game for the Lakers this season in a diminished role under new coach JJ Redick. Finney-Smith is a steady 3-and-D wing who fills an obvious need for the Lakers. Russell is being traded by the Lakers to the Nets for the second time in his career. He also made the move in 2017.
Haiti’s health minister loses his job after a deadly gang attack on a hospital in the capitalNone
How co-writing a book threatened the Carters’ marriageMichigan RB Kalel Mullings Assigns Blame After Ohio State FightThe political landscape in Delhi has intensified as the BJP accused AAP MLA Naresh Balyan of engaging in extortion activities. During a press conference, BJP representatives Gaurav Bhatia and Virendra Sachdeva played an audio clip allegedly featuring Balyan involved in dubious dealings with a gangster. The BJP demanded accountability from AAP leader Arvind Kejriwal, challenging him to address the allegations by asking Balyan to resign. Gaurav Bhatia emphasized the significance of the alleged extortion, suggesting financial gains potentially reaching AAP's top echelons. Refuting the allegations, Balyan pledged to pursue legal actions against those spreading falsehoods. Meanwhile, AAP asserted that these accusations aimed to divert attention from rising crime rates in Delhi, blaming the BJP for deteriorating law and order conditions. (With inputs from agencies.)
Golden Prospect Precious Metal ( LON:GPM – Get Free Report ) shares shot up 0.1% during trading on Friday . The stock traded as high as GBX 35.65 ($0.45) and last traded at GBX 35.54 ($0.45). 34,814 shares traded hands during trading, a decline of 89% from the average session volume of 309,578 shares. The stock had previously closed at GBX 35.50 ($0.45). Golden Prospect Precious Metal Stock Performance The stock has a fifty day simple moving average of GBX 39.07 and a 200 day simple moving average of GBX 36.68. The firm has a market cap of £30.39 million and a P/E ratio of -507.71. Golden Prospect Precious Metal Company Profile ( Get Free Report ) Golden Prospect Precious Metals Ltd. is a close ended equity mutual fund launched and managed by CQS Asset Management Ltd. It is co-managed by CQS Cayman Limited Partnership. The fund invests in public equity markets. It invests in stock of companies operating in the precious metal sector. Golden Prospect Precious Metals Ltd. Read More Receive News & Ratings for Golden Prospect Precious Metal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Prospect Precious Metal and related companies with MarketBeat.com's FREE daily email newsletter .
It’s not birds. It’s not planes. It’s drones , drones and more drones filling the night skies over New York City and beyond — and no one seems to have a concrete answer why. The mysterious drone sightings began more than two weeks ago in NYC skies, causing public alarm and leaving New Yorkers with more questions than answers, U.S. Senator Chuck Schumer acknowledged on Sunday. Schumer is co-sponsoring legislation that will combat drones by allowing local and state police departments to help the feds spot the UFO-like aircrafts, using a technology system called the Robin. “I f the technology exists for a drone to make it up into the sky, there certainly is technology that can track the craft with precision and determine what the heck is going on, ” the senator said. “ And that’s what the Robin does .” Schumer urged the Department of Homeland Security (DHS) to deploy special detection systems like the Robin to help end the mystery behind the unmanned , eerie aircraft that have been perplexing people across the metro area. The Robin, according to Schumer, works well because it does not follow a linear line of sight but rather 360 degrees. Because of this feature, the Robin can be helpful with drone detection. Technology like the Robin was originally used to detect birds in aviation so it could find “ little things, ” Schumer explained. “B ut that precision is just the kind of technology that will make it much easier to figure out what these drones are, where they are and find out even who is launching them, ” he said, adding that he has had several unclassified briefings with DHS about the drone technology. Drone radar uses radio waves, which are sent out in short pulses to detect drones. Local Americans have spotted drones hovering above their homes in places including Staten Island, Long Island and New Jersey. However, it is not so easy to successfully detect drones , as obstacles often stand in the way. The drones have appeared in various sizes and followed erratic flight paths. Multiple drones flying together can confuse a traditional radar system. “ T hat’s why this new technology can really get us the answers we need, ” Schumer said. Enforcing drone technology Perhaps a greater challenge is getting the federal government to grant authority to local enforcement to use drone-detection technology. On Thursday,U.S. Senators Kirsten Gillibrand , Cory Booker, Andy Kim, and Schumer sent a collective letter to DHS Secretary Alejandro Mayorkas, FBI Director Christopher Wray, and FAA Administrator Michael Whitaker asking them to work with local police departments on solving the drone mystery. “D ue to the ongoing nature of these drone incidents, we request that the Department of Homeland Security, Federal Aviation Administration, the Federal Bureau of Investigation brief us as soon as possible on how your agencies are working with federal and local law enforcement to identify and address the source of these incursions, ” the letter stated. Right now , only federal agencies have the ability and legal authority to detect drones. “B ecause there are so many drones in so many places, our local authorities want and need the help, ” Schumer said. “ This legislation will get them the help .” Meanwhile, in Albany, Gov. Kathy Hochul said the drone debacle has “ gone too far ” after the runways at Stewart Airfield in Orange County were shut down for an hour due to drone activity in the airspace. “I n mid-November, I directed the New York State Intelligence Center to actively investigate drone sightings and coordinate with federal law enforcement to address this issue, and those efforts are ongoing, ” Hochul said. Like Schumer, she is calling on Congress to pass legislation that would let local authorities combat and detect the drones. Dubbed the Counter-UAS Authority Security, Safety, and Reauthorization Act, the bill would extend counter-UAS activities to select state and local law enforcement. “E xtending these powers to New York State and our peers is essential, ” she said. “ Until those powers are granted to state and local officials, the Biden administration must step in by directing additional federal law enforcement to New York and the surrounding region to ensure the safety of our critical infrastructure and our people .”Timeline: Jimmy Carter, 1924-2024
Update: Country Club Durban beach closed, Reunion and Uvongo reopenedHIGHLAND HEIGHTS, Ky. (AP) — Josh Dilling's 22 points helped Northern Kentucky defeat Norfolk State 71-62 on Sunday. Dilling also had five rebounds for the Norse (5-6, 1-0 Horizon League). Sam Vinson added 21 points while going 4 of 5 and 13 of 15 from the free-throw line while they also had five assists and three steals. LJ Wells finished 5 of 7 from the field to finish with 10 points. Brian Moore Jr. led the Spartans (6-6) in scoring, finishing with 12 points and two steals. Terrance Jones added 12 points for Norfolk State. Kuluel Mading also had 12 points. Northern Kentucky plays Wednesday against Detroit Mercy at home, and Norfolk State takes on Alabama State on Thursday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
SpaceX knocks out 1st of final 2 Space Coast launches of 2024China seems to have a dogged determination to emerge as a global leader but there are a number of factors preventing it from securing that position. For instance, most of the states in the global leadership position don’t have major territorial disputes, but in the case of China, it not only has territorial disputes with India but it is also facing a hostile environment over the issue of the South China Sea. In addition to that, Taiwan is an inveterate issue that would keep on haunting it. If Beijing tries to annex it by force, it would definitely push the world towards a conflagration besides greatly halting its own rise as a global economic power. On military matters, China has only one nuclear ally Russia, which has been reeling under economic sanctions, while the US has three more declared nuclear powers as allies and one undeclared nuclear power. Washington also has large economic powers like Germany, Japan, South Korea, Italy, Canada and Australia in its sphere of influence. If Beijing starts pumping a large chunk of its resources into weapons and defence, then it would amount to repeating the mistakes of the Soviet Union, that faltered because of its disproportionate military spending. But if it does not match its military might with that of the US, it faces the risk of being overwhelmed by the hostile environment in the South China Sea and South Asia. A hegemon also has to make sacrifices to woo the support of other countries. For instance, one can criticise the US as much as one wants, but after all Washington did help Europe come out of the devastation that was inflicted upon the continent during the Second World War. Through the Marshall Plan, it helped Germany and other countries to rebuild themselves, besides showing to the world that the countries which are under the influence of the US can make tremendous strides within no time. The rise of South Korea and Japan as economic powers could not have been possible without substantial assistance by the US. Washington guaranteed their security, which enabled these two states to direct their energies towards economic recovery and technological advancement. The Soviet Union, despite its limited resources, supported revolutions in Vietnam, Cuba, North Korea and a number of other states besides supporting communists in East and Central Europe. Moscow sent 22,000 advisers to China soon after the 1949 revolution, helping Beijing prepare the first five-year economic plan. France and the United Kingdom extended help and succour to their former colonies by importing their manpower, which immensely bolstered the faltering economies of the newly emerged states. China, Global Leadership And The Spectre Of World War 3 The case of China is completely different. It is yet to demonstrate such generosity. Beijing is being accused of plundering the resources of developing countries, giving nothing in return. No country where China invested emerged as a modern South Korea or Japan. Developing states didn’t witness any transfer of industries or technology from China. On the contrary, its investment seems to be creating problems for the host states. Sri Lanka could be cited as one of the examples where much-vaunted Chinese investments did not demonstrate any miracles. The island state rather faced a slave master relationship which forced it to surrender its assets. The much-vaunted China Pakistan Economic Corridor (CPEC) did not industrialise the Islamic Republic either; instead the Pakistani market has been flooded with Chinese goods and the balance of trade has been in favour of the communist country – not for months or years, but for over two decades now. Most of the Chinese investment was carried out in the power sector, adding to the financial woes of the country. The Chinese joined parasitic independent power producers, claiming huge profits with people of the country paying far more in power bills than they paid before this investment. China secured a number of contracts that had nothing to do with CPEC. Neelam-Jhelum and other construction projects could be cited as examples. Even garbage lifting in cities like Karachi has been doled out to Chinese companies. Its investment in Balochistan did not mitigate the hardships of people there. It is believed that their problems have multiplied owing to the investment, which has also intensified the flames of insurgency. Can Beijing say that it has created any new South Korea? Can it claim that it has rebuilt a shattered economy in any part of the global South? Pakistani policymakers had expected that China would set up industries here or at least shift some of its assembling plants to the Islamic Republic. They followed the Chinese saying that underscores the need of building a nest to attract birds. A number of infrastructure and energy projects have already been completed under CPEC, but the country is yet to witness the growth of industrial development or rise of the manufacturing sector. Some critics believe that given the amount of security and the resources that we spend on the protection of the Chinese indicates that this investment has not been as beneficial as was being expected. Gender Gap In Climate Leadership: Why COP29 Must Elevate Women And Young Girls In Climate Action Some Pakistani policymakers had thought the labour cost in China would rise, prompting that country to shift some of its assembling plants to the Islamic Republic which would provide jobs to local people. It was also expected that China would train Pakistani youth so that they could be adjusted in these assembling plants or Chinese manufacturing units but now it is very clear that China is going to use robots on a massive scale that would address the rising cost of labour in the communist country. Therefore, it would not need cheap Pakistani manpower and it is not Saudi Arabia or the United Arab Emirates that would invite Pakistani labour to do low income jobs. On the contrary more than 60,000 Chinese worked in Pakistan over the years. So instead of providing jobs to Pakistanis, CPEC turned out to be a blessing for Chinese workers who got jobs here and investors who made tons of profit. To be a global power, a hegemon needs a success story. Does China have a success story? It may indeed have a success story for its own people, where it has lifted more than 700 million people out of poverty, raising their living standards, wiping out illiteracy and making tremendous strides in science and technology. But when it comes to its investment in third world countries, can Beijing say that it has created any new South Korea? Can it claim that it has rebuilt a shattered economy in any part of the global South? Critics say it is becoming increasingly clear that China has surplus infrastructure and machinery, prompting the communist country to come up with infrastructure projects. Beijing is still reluctant to help developing countries industrialise themselves. Instead it is trying to flood markets of poor states with cheap Chinese goods. Even if Beijing tries to industrialise these countries, it is not possible for such states to manufacture industrial goods on a mass scale and at reasonable rates. Economic logic says that without mass production cheap goods cannot be manufactured. Legal Battle Between TRG Leadership And Former CEO Heats Up If China really wants to be a global power, it will have to make sacrifices helping countries in the Global South industrialise, creating a vibrant working class that could also influence the way these countries conduct politics. If Beijing keeps on flooding the states in the Global South with its cheap goods, it will be difficult to buy the rhetoric of the communist country that claims Chinese investment is a win-win situation. So far, it seems to be a one-way traffic with balance of trade everywhere seems to be in favour of China because it is capable of producing cheap goods and striking trade deals that overwhelmingly benefit itself. It seems that so far China's economic compulsions have not allowed it to make such sacrifices, because that could affect growth of its own economy – which itself is facing challenges in real estate and other sectors.