Category: Chinese business

Placeholder while loading article actions US Treasury Secretary Janet Yellen is at the forefront of calls for a price cap on Russian oil exports. Sounds like a good idea. Don’t expect this to work. Here is the problem. Russia earns billions of dollars by exporting oil. These dollars help fund President Vladimir Putin’s invasion of […]

Prime Minister Boris Johnson’s authority is “running out”, a former Tory MP has said, following the ruling party’s loss of two by-elections. “[Johnson’s] authority is very significantly reduced,” Gavin Barwell told Sky News on Friday. “The Conservative Party looked to Boris Johnson, because they saw him as an election winner, there is not…a deep love […]

10.8 million Chinese graduates to enter labor market in weak economy Youth unemployment at 18.4%, 3 times higher than the overall rate The employment of graduates is a top government priority in the face of stability risks BEIJING, June 23 (Reuters) – Jenny Bai was among the top 10 computer science students from different Chinese […]

FANGLIAO, Taiwan — Lin Chun-lai purchased his grouper farm in southern Taiwan about a decade ago in recognition of mainland China’s growing appetite for live fish. In just a few years, the former electrician made enough money to support his family of four and even open a small inn. Then China abruptly banned all grouper […]

The hospitality industry group estimated the strike will cost the sector between £540 billion and £1 billion © REUTERS The head of Britain’s hospitality trade body has warned that the railway strike “will not be a one-off” for the industry, which is likely to be affected for the rest of the year. “There is talk […]

Iron ore plunged more than 7% in Singapore – giving up all of its gains this year – as steel mills idled their blast furnaces amid growing pessimism about the outlook for demand in China. The steel ingredient has now lost around a fifth of its value in a series of […]

Located in the town of Pochampalli in the Krishnagiri district of Tamil Nadu and surrounded by shoe factories, temples, bakeries, coconut trees and dusty roads, is the new Ola Futurefactory. It takes more than three hours by road and more than 130 km from the technological (tech) center of Bengaluru to […]

India will not allow any unilateral attempt by China to change the status quo or alter the Line of Actual Control (LAC), External Affairs Minister S Jaishankar said on Saturday, while saying that through a huge logistical effort, the country had countered the Chinese in eastern Ladakh. Speaking of the border […]

Police in Gautam Buddh Nagar, Uttar Pradesh, on Friday secured three-day custody of a Chinese national, who was arrested earlier this week for illegal stay in India, and his Indian girlfriend , officials said. Police had requested a week in custody for Chinese national Xue fei alias Kelay (36) and his […]

A model LNG carrier is seen in front of the flag of Qatar in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register SINGAPORE, June 17 (Reuters) – China’s national oil majors are in advanced talks with Qatar to invest in the North Field East expansion […]

Hong Kong’s Next Digital on Tuesday denied media reports that it sold Taiwan’s Apple Daily news website. The company, which is in liquidation, said in a Hong Kong Stock Exchange filing that it had refuted “certain media reports”. However, its liquidators said the company had divested its Taiwan business for more than NT$300 million (US$10.09 […]

A decision by President Biden to suspend tariffs on imported solar panels made in China for two years, even as the Commerce Department investigates the Asian powerhouse for possible trade deal violations, doesn’t sit well with several company executives solar panels and the State of California. They said the removal of protective tariffs comes now […]

Just over a year ago, with Alibaba under antitrust investigation and political pressure on founder Jack Ma, CFO Maggie Wu was quick to speak to investors of the company’s booming and uncontroversial cloud business. “China is going to be the biggest economy in 10 years, companies and millions of companies will migrate to the cloud,” […]

FILE PHOTO: A staff member is seen at a Tencent booth during an exhibition during the China Internet Conference in Beijing, China July 13, 2021 Chinese tech company Tencent, owner of wildly popular mobile game PubG, has bought a $264 million stake in Walmart-owned Flipkart from co-founder Binny Bansal through its European subsidiary. After selling […]

U.S. Defense Secretary Lloyd Austin underscored U.S. support for Taiwan on Saturday, suggesting at the inaugural Asian Defense Forum that recent Chinese military activity around the self-governing island threatens to change the status quo. Speaking at the Shangri-La Dialogue in Singapore, Austin noted a steady increase in provocative and destabilizing military […]

As labor shortages take hold in the hospitality industry, owners of the Bella Italia chain are turning to robots to provide table service to customers. Big Table Group, which also owns Café Rouge and Las Iguanas, is testing the robot at its Bella Italia restaurant at Center Parcs Whinfell Forest in Cumbria, in the first […]

Benjamin Bai, former vice president and chief intellectual property (IP) and international litigation attorney at Ant Group, recently joined digital asset trading firm, Amber Group, as chief legal counsel. Bai, who will soon be moving to Singapore from Shanghai, was previously a partner and head of regional IP practices at Allen & Overy and Jones […]

NEW YORK, June 8, 2022 /PRNewswire/ — WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of First High-School Education Group Co., Ltd. securities. (NYSE: FHS) in accordance with and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the March 2021 initial public offering (“IPO” […]

ZEYA’s business model is based on the creation of a zero-pressure RTD alcoholic beverage (ZE – zero; YA – pressure in Mandarin) primarily aimed at a younger audience, seeking to break away from the traditional drinking culture in China, well known for being stressful and stressful, especially in the workplace. “Long drinking in Asia can […]

A Cambodian naval base being built with the help of China will include a part for the exclusive use of the Chinese army, according to a Washington Post article. The Chinese and Cambodian governments have previously denied reports that Cambodia would allow a Chinese military presence at the Ream naval base in the Gulf of […]

By JOE McDONALD, AP Business Writer BEIJING (AP) — Global stock markets and Wall Street futures rose Monday after the slowdown in China’s service industries eased and reports indicated the Biden administration could lift U.S. tariffs. on certain Chinese imports. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong are progressing. Oil prices rose […]

Huawei is facing massive headwinds in India, with no new network deals likely to arise due to the general sentiment against Chinese companies. As European network providers such as Nokia and Erricson prepare for the upcoming 5G rollout, the Chinese multinational may struggle to get the mandatory ‘trusted sources’ label, excluding them from any future […]

“We take the security of our staff and assets very seriously and have robust measures in place which are regularly reviewed,” a spokesperson said. The ministry had suspended purchases of DJI drones at one point, but did not ban them. The Department of Defense had previously used DJI drones, but the purchase would be the […]

Shanghai lifted its two-month lockdown on Wednesday. So far, the coffee chain has reopened about 600 of its 940 stores in the city, according to Starbucks spokesman Jaime Riley. Employees “look forward to serving customers, reconnecting with their local communities and helping to gradually return the city to normalcy,” Riley said, adding that “we are […]

The Chinese mainland has reported 20 confirmed locally transmitted COVID-19 cases, including eight in Beijing and Shanghai in the past 24 hours, according to the National Health Commission report on Friday. Shanghai reported eight confirmed locally transmitted COVID-19 cases and eight asymptomatic local cases on Thursday, the municipal health commission said. […]

2021/22 current operating income up 39.9% vs forecast 38.6% Expects another year of strong growth in 2022/23 Still on target for double-digit organic sales growth in the first quarter – CEO PARIS, June 2 (Reuters) – France’s Rémy Cointreau (RCOP.PA) predicted a strong start to its new financial year on Thursday, with strong demand for […]

HONG KONG: China’s Tencent has told staff it will no longer guarantee them a pay rise on promotion, according to an internal letter seen by Reuters, as it reviews its pay policy as part of a broader cost-cutting campaign. The Chinese social media and gaming giant informed its employees of the policy change on Tuesday […]

Placeholder while loading article actions For years, the US government and US cybersecurity firms have alleged that China was behind brazen hacks that stole treasure troves of sensitive documents. Chinese government officials have denied the claims and repeatedly accused the United States of its own cyber espionage, without providing evidence. That changed in February, when […]

Shanghai authorities pledged on Sunday to allow all businesses to open from Wednesday. The city’s deputy mayor, Wu Qing, announced the easing of restrictions at a press conference, alongside a series of 50 new measures taken to revive the city’s struggling economy. From June 1, companies will no longer need a so-called “white list” approval […]

China’s funding of overseas projects has disproportionately benefited key political supporters of sitting presidents or prime ministers of countries receiving the funds, according to a new book. In the 20th century, China was best known as a recipient of international development funding. Its overseas development program was modest – roughly comparable to that of Denmark. […]

Leaving aside the bloviating at the World Economic Forum in Davos, the event often reflects at least what is happening in the world of politics and markets. This year’s edition was particularly interesting given Russia’s invasion of Ukraine, rising interest rates and, of course, the ongoing COVID-19 pandemic. This year’s buzzword seemed to be “de-globalization”, […]

The new talks “will explore concrete ways to deepen the U.S.-Taiwan trade and investment relationship,” the officials said, emphasizing the institutionalization of cooperation in chain resilience. procurement, labor, environment and sustainable development. An official announcement will come after “coordination and consultations”, according to a senior official. The White House declined to comment. A senior official […]

But what really sets China’s Gen Z apart from previous generations, and poses the biggest threat to multinationals from Sony to Christian Dior and Nike, is their growing nationalism, fueled by Beijing’s desire to flex the growing global influence of the country. This puts governments and businesses on an increasingly delicate footing, lest they find […]

A robot plays the piano at the Apsara conference, a conference on cloud computing and artificial intelligence, in China on October 19, 2021. As China revamps its technology regulations, the European Union is developing its own regulatory framework to curb the AI ​​but has yet to cross the finish line. Str | AFP | Getty […]

Placeholder while loading article actions It’s time investors faced the reality of electric vehicle startups. But what do tank stocks mean for the high-profile, low-cost EV makers that stormed the market last year? Shares of new EV makers, from New York-listed Chinese firms such as Nio Inc., Xpeng Inc. and Li Auto Inc. to their […]

After more than a decade of obstacles to U.S. regulatory inspections of Chinese companies’ auditors, Chinese authorities have been uncharacteristically vocal in recent months about their desire to resolve what has become a major drag on Chinese stocks. listed overseas such as the Alibaba Group. While carrying ltd. and Baidu Inc. The change in tone […]

Placeholder while loading article actions First, the United States withdrew in 2017 from a pan-Pacific trade agreement known as the TPP, which moved forward without it under the new moniker CPTPP. Then the United States stood aside as another regional grouping led by China, called RCEP, came into effect this year. Now, China is watching […]

Russia’s military failure in Ukraine defied almost everyone’s predictions. It was first an abject defeat at the gates of kyiv. Then came the incredible shrinking blitzkrieg, as attempts to encircle Ukrainian forces in the supposedly more favorable terrain to the east turned into a slow-motion battle of attrition. What is important about this second Russian […]

Regardless of size, Indian companies have a rare chance to invest in scale and capacity and expand into international markets. Regardless of size, Indian companies have a rare chance to invest in scale and capacity and expand into international markets. Trade relations between the United States and China have not been at their best in […]

“No matter what you are selling, your business in China should be huge, if the Chinese people who should be buying your goods were doing it.” Never has an “if only” clause carried more weight. In the 85 years since Carl Crow, a Shanghai-based American publicist, wrote those words in his book Four hundred million […]

China’s coal imports from Russia nearly doubled between March and April, reaching 4.42 million metric tons, according to trade data from Refinitiv. Russia has overtaken Australia as China’s second largest supplier since last year and now accounts for 19% of its coal imports, up from 14% in March. Coal imports soared 64% in 2021, and […]

By JOSH BOAK, Associated Press WASHINGTON (AP) — As President Joe Biden sets sail for Asia on Thursday, he faces a new risk at home to the economy and his Democratic Party: a global slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories. The global economy cannot throw […]

Placeholder while loading article actions Chinese tech exports to Russia fell in March after U.S. sanctions took effect, U.S. Commerce Secretary Gina Raimondo said on Tuesday, calling it a sign of Beijing’s distrust of the violation. trade bans. Chinese laptop shipments to Russia fell 40% in March from February, while smartphone exports fell by two-thirds, […]

NEW YORK, May 16 (Reuters) – U.S. stocks closed weakly on Monday as downbeat data from China and New York state raised fears of recession, but US yields 10-year Treasuries remaining firmly below 3% boosted hopes that the Federal Reserve will cautiously raise interest rates. hikes. Retail and factory activity in China fell sharply in […]

U.S. dollar banknotes are displayed in this illustration taken February 14, 2022. REUTERS/Dado Ruvic Join now for FREE unlimited access to Reuters.com Register HONG KONG, May 16 (Reuters) – The dollar started the week just off a 20-year high against its peers on Monday, as investors sought safety amid global growth fears that surfaced. evidenced […]

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FILE – A Chinese fan holds the national flag ahead of the AFC Asian Cup quarter-final soccer match between Iran and China at Mohammed Bin Zayed Stadium in Abu Dhabi, United Arab Emirates on 24 January 2019. China pulled out as host of the 2023 Asian Football Cup on Saturday, May 14, 2022, in the […]

Technology Big tech companies and the Chinese and American governments are embroiled in a complex relationship of harmony and conflict. We are all at the mercy of the outcome, write Cecilia Rikap and Bengt-Åke Lundvall “Put simply, they have too much power,” US Congressman David Cicilline said of America’s big tech companies during a congressional […]

Tesla CEO Elon Musk gestures during the delivery ceremony for Tesla’s China-made Model 3 in 2020, … [+] highlighting the country’s importance to the US automaker. (Photo by STR/AFP)/China OUT (Photo by STR/AFP via Getty Images) AFP via Getty Images China this week reported a 47% plunge in auto sales in April from a year […]

BEIJING, May 12 (Reuters) – China’s Tibet Airlines said all passengers and crew had been evacuated from an Airbus (AIR.PA) A319 plane that caught fire on Thursday after an aborted takeoff in the city of Chongqing, in the southwest of the country. There were no fatalities and only minor injuries among the 113 passengers and […]

Fresh vegetable prices rose 24% year-on-year in April as consumers stocked up to prepare for possible stay-at-home orders. Pictured is a delivery driver from Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | AFP | Getty Images BEIJING — Consumer and producer prices in China rose more than expected in April, […]

A man stands on an overpass with an electronic board displaying Shanghai and Shenzhen stock indices, at Lujiazui financial district in Shanghai, China January 6, 2021. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register HONG KONG, May 10 (Reuters) – KKR (KKR.N) and BlackRock (BLK.N) have received Chinese regulatory approvals allowing their […]

Saudi Arabia has slashed oil prices for buyers in Asia as China’s coronavirus shutdowns weigh on demand, thwarting uncertainty over supplies from Russia as the war in Ukraine drags on. Saudi Aramco cuts prices for the first time in four months. The state-controlled company lowered its key grade of light Arabian crude […]

Ohen Mark Tucker arrived as the new chairman of HSBC on a cloudy day in London in October 2017, he was ready for a challenge. The former insurance boss was the first foreigner to lead the bank, now 157, which was in the midst of intense upheaval. HSBC was cutting its investment bank, selling underperforming […]

In 2010, Chester County had an unemployment rate of 22%. Last month, that number was around 4.9%. CHESTER COUNTY, SC — The CEO of Sun Fiber and the China General Chamber of Commerce hosted an event to talk about preserving the environment and the economy in Chester County. International business executives traveled to Chester County […]

SELIM BORA had quite a run. In March, his company, Summa, won a contract to rebuild and operate Guinea-Bissau’s new international airport. A few months earlier, he had completed a 50,000-seat national stadium in Senegal, after less than 18 months of work, a sprint pace for such projects. The company’s resume also includes convention centers […]

WASHINGTON—Today, U.S. Senator Joni Ernst (R-Iowa), senior member of the Senate Committee on Small Business and Entrepreneurship and the top Republican on the Senate Armed Services Subcommittee on Emerging Threats and Capabilities , had its measure to prevent China and Russia from exploiting Small Business Administration (SBA) programs pass the Senate. As the Senate considered […]

ggood morning. Chinese companies seem to be riding close to the wind in stealthily grabbing Russian oil at heavily discounted prices. The country’s independent oil refineries have continued to make deals with Russian oil suppliers since the start of the war, but have stopped reporting them, reports the Financial Times. Publicly, the country’s state-owned energy […]

A section of the BP Eastern Trough Area Project (ETAP) oil rig is seen in the North Sea, about 100 miles east of Aberdeen in Scotland February 24, 2014. REUTERS/Andy Buchanan/pool Join now for FREE unlimited access to Reuters.com Register China’s COVID-19 lockdowns are hurting near-term demand EU set to finalize new sanctions against Russia […]

May 2 (Reuters) – Chinese electric vehicle company CH-AUTO Technology Corp Ltd said on Monday it had agreed to release a blank check to a U.S. company in a deal valued at nearly $1. $7 billion including debt. The deal with Mountain Crest Acquisition Corp IV (MCAF.O) includes net worth of $1.25 billion and net […]

Tensions between the UK and China have escalated after British Foreign Secretary Liz Truss warned China to abide by international rules or be prepared to face action by the G7 group of major world powers acting as “an economic NATO”. “Countries have to play by the rules. And that includes China,” Truss […]

NEW YORK, April 30, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of the securities of Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings (NYSE: BKKT, BKKT-WT) (NASDAQ: VIHAU , HIV, HIVAW) (a) between May 7, 2021 and February 25, 2022 inclusive (the “Class Period”); and/or (b) […]

A large number of Chinese nationals are leaving Pakistan from Karachi after 3 Chinese nationals and a Pakistani citizen were killed in a suicide bombing by a Baloch Liberation Army (BLA) at the University of Karachi on April 26. A video is going viral on social media showing a large number of […]

The major luxury goods mall Beijing SKP, pictured here in 2021, said on Friday it would close – with no reopening date specified – after the city confirmed three Covid cases in a nearby apartment community. Qilai Shen | Bloomberg | Getty Images BEIJING — China has shown few signs of easing its zero-Covid control […]

The Chinese Ambassador to the UK visited the Port of Liverpool to mark the success of the China Xpress shipping service, which is the first direct sea route from the Far East to Liverpool. Ambassador Zheng Zeguang was marking the first anniversary of the route which was launched by London-based shipping company, DKT Allseas, in […]

A Phantom 4, developed by major Chinese consumer drone maker DJI, flies during its demonstration flight in Tokyo, Thursday, March 3, 2016. Drone company DJI Technology Co said Tuesday, April 27, 2022 that it has temporarily suspended its business operations in Russia and Ukraine to prevent the use of its drones in combat, in a […]

Storage tanks are seen at the Petroineos Ineos oil refinery in Lavera, France, March 29, 2022. REUTERS/Benoit Tessier Join now for FREE unlimited access to Reuters.com Register HOUSTON, April 26 — Oil prices rebounded in volatile trading on Tuesday as the market weighed China’s plans to support its economy against a potential coronavirus lockdown in […]

By Andrea Shalal WASHINGTON (Reuters) – The Biden administration is carefully considering the inflationary impact of tariffs imposed on China by former President Donald Trump’s administration in light of soaring consumer prices, the press secretary said on Monday. of the White House, Jen Psaki. PSAki said she has no news on tariff cuts since U.S. […]

China’s anti-corruption watchdog has reportedly placed Tian Huiyu, the former president of China Merchants Bank, under investigation, the Wall Street Journal (WSJ) wrote. It comes after he was abruptly removed from the head of the state-backed lender. Huiyu was “suspected of seriously violating discipline and laws”, according to China’s Central Commission for Discipline Inspection. Tian […]

Yikouchi at Chancer’s Cafe, 1418 Pershore Road, Stirchley, Birmingham B30 2PH. No reservation. All dishes from £3.50 to £9. Beers and wines from £4 a glass Yikouchi to Birmingham is a love letter. It’s a sweet tale of a young English couple’s interesting journey through life so far, served one raucous dish at a time. […]

US President Joe Biden said his Chinese counterpart Xi Jinping once told him he was backing Quad against China. China, which has territorial disputes with many countries in the strategic Indo-Pacific region, has vehemently opposed the Quad alliance since its formation. Biden, at a Democratic Party fundraising event at […]

China’s ruling Communist Party set the ball rolling for a rare third term for President Xi Jinping as he was unanimously elected as a delegate for the party’s congress to be held once every five years in the coming months and which was widely expected to put a stamp of approval for its […]

Foreign investors sold a record $18 billion of Chinese debt in March, the Financial Times reported on Thursday. Chinese debt has less appeal for foreign investors as rising US bond yields hold the potential for higher returns. The US 10-year yield and the 30-year yield hit multi-year highs of nearly 3%. Loading Something is loading. […]

Israel’s central bank added the yuan to its reserve holdings for the first time ever. Previously, the bank only held US dollars, euros and British pounds. According to the IMF, the dollar’s share of total global currency reserves has fallen to its lowest level in more than two decades. Loading Something is loading. Israel’s central […]

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic chart displaying the Russian Trading System (RTS) Index, Japan’s Nikkei Index and the Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register SINGAPORE/HONG KONG, […]

A South Korean consortium will invest $9 billion in Indonesia to build an electric vehicle supply chain from mining to manufacturing, as battery makers seek to reduce their dependence on Chinese suppliers and mitigate rising commodity prices after Russia invaded Ukraine. The group led by LG Energy Solution, the world’s second largest manufacturer of batteries […]

In this photo released by Xinhua News Agency, a screen image captured at the Beijing Aerospace Control Center in Beijing, China on October 16, 2021 shows three Chinese astronauts, from left, Ye Guangfu, Zhai Zhigang and Wang Yaping saluting after entering the Tianhe Base Module Space Station. Three Chinese astronauts returned to Earth on Saturday, […]

NEW YORK, April 16, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Volta Inc. securities. f/k/a Tortoise Acquisition Corp. II (NYSE: VLTA, VLTA-WT, SNPR ) between August 2, 2021 and March 28, 2022 inclusive (the “Class […]

The Health Ministry has banned the purchase of cameras made by Chinese state-backed tech firm Hikvision amid allegations it was used to spy on the country’s Uyghur minority. Sajid Javid, the health secretary, ordered officials to stop buying security cameras from the company after a review of purchases raised ethical concerns. It is believed to […]

A man plays an online game on a computer at an internet cafe in Beijing, China August 31, 2021. REUTERS/Florence Lo Join now for FREE unlimited access to Reuters.com Register BEIJING/HONG KONG, April 15 (Reuters) – China on Friday said live streaming of unauthorized video games was banned, signaling tougher enforcement of the rules as […]

Nearly 400 million people are estimated to be in some form of lockdown in China.Credit…Hector Retamal/Agence France-Presse — Getty Images Nearly 400 million people are estimated to be in some form of lockdown in China as authorities try to stop a rapidly evolving Omicron outbreak that is beginning to weigh on the world’s second-largest economy. […]

JetBlue Airways passengers check in for their flights at a kiosk in the domestic terminal at Hartsfield-Jackson Atlanta International Airport in January.Credit…Alyssa Pointer for The New York Times Despite strong pressure from airlines, the hospitality industry and Republican lawmakers to lift the rule requiring masks on planes and trains, at airports and on some buses, […]

Strict lockdown measures in places such as Shanghai and Jilin province have forced automakers to halt manufacturing and risk delaying shipments at a time of strong global demand for vehicles. volkswagen (VLKPF) Factories in Shanghai and Changchun, the provincial capital of Jilin, have been closed for weeks, the company said Monday. “Due to the current […]

STOCKHOLM, April 12 (Reuters) – Telecoms equipment maker Nokia (NOKIA.HE) is pulling out of the Russian market, its CEO told Reuters, going further than rival Ericsson (ERICb.ST), which said Monday that it was indefinitely suspending operations in the country. Hundreds of foreign companies cut ties with Russia after its February 24 invasion of Ukraine and […]

In a rare direct response from a major government agency to fears of a jobs crisis, China’s Cyberspace Administration said Friday that the country’s 12 tech giants have hired more workers than they need. had lost in the past nine months. He cited recent “spirited public discussions” over reports of “large-scale layoffs” at major internet […]

Lu, 99, had been a long-time resident of Donghai Hospital for the Elderly in Shanghai. Relatives said she was receiving 24-hour care at the largest such center in the city. That was before COVID-19 hit China’s biggest city last month, the country’s worst outbreak since the virus emerged in Wuhan in late […]

NEW YORK, April 09, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of International Business Machines Corporation (NYSE: IBM) between April 4, 2017 and April 20, 2017. October 2021 inclusive (the “Course Period”). A class […]

WASHINGTON — Human rights activists, labor leaders and others on Friday urged the Biden administration to throw its weight behind an upcoming ban on products made with forced labor in China’s Xinjiang region. , claiming that slavery and coercion taint the supply chains of companies that cross the region and China more broadly. The law, […]

A man stands outside the headquarters of JD.com amid the Singles Day shopping festival during a tour in Beijing, China November 9, 2021. REUTERS/Tingshu Wang Join now for FREE unlimited access to Reuters.com Register April 7 (Reuters) – JD.com Inc (9618.HK) on Thursday promoted its chairman, Lei Xu, to chief executive to succeed founder Richard […]

By ROD McGUIRK, Associated Press CANBERRA, Australia (AP) — Indian and Australian trade ministers say a shared security partnership with the United States and Japan has helped them secure a trade deal that Australia hopes will reduce its dependence on the regard to exports to China. Indian Commerce Minister Piyush Goyal is leading a trade […]

Pressure is mounting on the Biden administration to step up economic sanctions against Russia amid war crimes reports in Ukraine. Existing financial and technological sanctions are already doing great damage. Ukraine wants allies to cut off Russian oil and gas exports and block Russian access to international waterways. Russia still makes money by exporting oil […]

One building rises above the others on the Port Moresby skyline. But the Noble Center, built by a Chinese state-owned company to be the country’s tallest building, stands empty. The 23-story tower has been deemed uninhabitable after more than 70 flaws were discovered, which regulators say threaten the building and life safety. The documents obtained […]

Two Australians, news broadcaster Cheng Lei and writer Yang Hengjun, are currently being held in China on charges of breaching national security laws. Their indictment and detention drew repeated rebukes from Beijing from Foreign Secretary Marise Payne. The most high-profile deportation of residents from the federal government is that of Huang Xiangmo, a Chinese billionaire […]

Photos and videos showing young children isolated from their families and crying in a Shanghai hospital sparked an outburst of anger online on Saturday, as China’s largest city struggled to contain an outbreak of the highly contagious Omicron version of the coronavirus. In the footage, a series of hospital beds, each containing several young children, […]

BEIJING — A Chinese diplomat has a suggestion for resolving the Ukraine conflict: US President Joe Biden should call Russian President Vladimir Putin and promise no more NATO expansion, no weapons deployment strategic in Ukraine and that the country will remain neutral. “Then maybe the problem will be solved,” Director General of the European Affairs […]

The flags of China and Russia are shown in this illustration photo taken March 24, 2022. REUTERS/Florence Lo/Illustration Join now for FREE unlimited access to Reuters.com Register SHANGHAI, April 1 (Reuters) – Chinese exports to Russia are slowing as the value of the ruble fluctuates, clear evidence of the ripple effect Western sanctions over Russia’s […]

Storage tanks are seen at Marathon Petroleum’s Los Angeles refinery, which processes domestic and imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel and other petroleum products, in Carson, California, USA , March 11, 2022. Photo taken with a drone. REUTERS/Bing Guan Join now for FREE unlimited access to Reuters.com Register Ukraine […]

By MATTHEW DALY, Associated Press WASHINGTON (AP) — In a move that could significantly undermine President Joe Biden’s ambitious climate goals, the Commerce Department said Monday it is investigating whether imports of solar panels from Southeast Asia – Is circumventing anti-dumping rules that limit imports from China. Clean energy leaders said the investigation – which […]

Adam Smith’s book The Wealth of Nations is well known. His other book, The Theory of Moral Sentiments, while equally influential, is less well known. Smith evokes a hypothetical scenario of ethical conflict, asking what a European would do if the great Chinese empire were to be swallowed up by an earthquake. He would obviously […]

BEIJING: Profit growth for Chinese industrial companies accelerated in the first two months of the year, in line with other signs of dynamism in the economy, although the outlook is clouded by the national COVID epidemics -19 and the war in Ukraine. Profits rose 5.0% from a year earlier, compared to 4.2% in December, the […]

Amid the Russia-Ukraine crisis, a survey found around 90% of people rejected Beijing’s persistent claims that Taiwan was part of China. “About 90% rejected Beijing’s persistent claims that Taiwan is part of China and their efforts to limit the small country’s international space and threaten it with military force,” Taiwan News quoted […]

On Wednesday, delivery people smuggled food over a barrier at the edge of a lockdown in Shanghai.Credit…Aly Song/Reuters The spike in Covid cases across China, driven by the highly transmissible variant of Omicron, is straining hospitals and locking down neighborhoods in Shanghai, which until recently was considered a crown jewel in the world. the government’s […]

Hedge fund manager Pierre Andurand believes Russian oil supplies in Europe will disappear in light of Vladimir Putin’s warmongering, as many traders expect crude prices to hit $250 a barrel this year. The French oil trader said that after listening to local media reports, he was convinced Moscow’s aggression would last a long time, leading […]

A sign of the Kaisa Plaza, a real estate property developed by Kaisa Group Holdings, is seen in Beijing, China December 1, 2021. REUTERS/Tingshu Wang Join now for FREE unlimited access to Reuters.com Register HONG KONG, March 23 (Reuters) – Cash-strapped Kaisa Group Holdings Ltd (1638.HK) has joined a growing list of Chinese property developers […]

Ukraine has demanded that Western oil majors including BP and Shell stop selling Russian oil in the latest campaign to pressure energy companies to cut off a key source of Kremlin funding. Oleg Ustenko, chief economic adviser to Ukrainian President Volodymyr Zelensky, has written letters to the largest Western energy companies asking them to end […]

By JOE McDONALD, AP Business Writer BEIJING (AP) — China is, along with North America and Europe, one of the world’s top three air travel markets. It has significantly improved safety since a series of fatal crashes in the 1990s and 2000s. China hasn’t reported a commercial flight accident with more than five fatalities since […]

OVER THE SOUTH CHINA SEA (AP) — China has fully militarized at least three of the many islands it has built in the disputed South China Sea, arming them with anti-ship and anti-ship missile systems. aircraft, laser and jamming equipment and fighter jets in an increasingly aggressive move that threatens all nations operating nearby, a […]

Russian Finance Minister Anton Siluanov (center) during a meeting in the Kremlin last month. Photograph: Alexei Nikolsky/TASS Hello and welcome to our ongoing coverage of the global economy, financial markets, eurozone and business. Russia is moving to pay international bondholders in rubles rather than dollars just days before paying key interest on its foreign debt, […]

Western companies have massively cut ties with Russia since Vladimir Putin sent his troops to Ukraine. But even when banks such as Goldman Sachs and energy companies like BP have said they are exiting the market, they have given little clarity on what that means in practice. The big four accountants have joined the corporate […]