Covid-19 Live Updates: News on Mask Mandates, Cases and Vaccines
Students read during class at Garrison Elementary School in Washington, DC, in January.Credit…Erin Schaff/The New York Times More US school districts have dropped mask mandates in recent weeks as coronavirus cases plunged across the United States. But they remain a subject of debate among some students and their parents, and a study released Tuesday by […]
Chinese tycoon faces multi-billion dollar hit after nickel prices spike
A Chinese tycoon who had bet big against nickel is now facing billions of dollars in losses. Entrepreneur Xiang Guangda, known as “Big Shot”, had held a substantial short position in nickel, Bloomberg reported. It is now under pressure from brokers to make huge “margin call” collateral payments to demonstrate it can cover expected losses. […]
Activity Highlights: Fall of Wall Street, Trade with China
___ Biggest stock drop on Wall Street in 20 years as oil soars NEW YORK (AP) — Stocks fell sharply on Wall Street on Monday after another big jump in oil prices threatened to reduce inflation’s grip on the global economy. The S&P 500 fell 3%, its biggest drop in 16 months, after a barrel […]
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China’s January-February export growth slows, Ukraine crisis poses risk
Workers are seen on a crane above containers at the Yangshan deep-water port in Shanghai, China January 13, 2022. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register Exports from January to February +16.3%, against +20.9% in December, +15% in a survey Imports from January to February +15.5%, against +19.5% in December, +16.5% […]
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China to boost coal production and reserves to ensure electricity supply – NDRC
An excavator loads coal onto a train in Pingdingshan, Henan province, China November 4, 2021. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register BEIJING, March 5 (Reuters) – China will boost production at more modern coal mines and boost its coal reserve capacity, and aims to raise government deployable storage to 5% […]
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China calls on rare earth companies to bring prices down to ‘reasonable’ level
Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China October 31, 2010. REUTERS/Stringer Join now for FREE unlimited access to Reuters.com Register BEIJING, March 4 (Reuters) – China has summoned some key rare earth companies amid continued rising product prices and urged them to ensure a stable […]
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China’s Tencent to lower WeChat payment transaction fees for SMEs
WeChat app is seen on a smartphone in this illustration taken July 13, 2021. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register SHANGHAI, March 3 (Reuters) – Chinese social media giant Tencent Holdings Ltd (0700.HK) will cut transaction fees by 10% for small and medium merchants using its WeChat payment system, the […]
China ‘extremely concerned’ over civilian casualties in Ukraine: FM Wang
China is deeply saddened by the outbreak of the conflict between Ukraine and Russia and “extremely concerned” about the damage caused to civilians, Chinese Foreign Minister Wang Yi told his Ukrainian counterpart Dmytro Kuleba and called on Kyiv and Moscow to resolve the raging crisis through negotiations. The two ministers spoke on […]
The war in Ukraine has investors thinking of a second Cold War
Since the fall of the Soviet Union, investors have enjoyed decades of global economic stability in which military conflict and foreign diplomacy played a lesser role in market movements. But Russia’s invasion of Ukraine is the clearest sign of a recent shift in this dynamic, as increased jostling between powerful nations will have far-reaching consequences […]
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Analysis: After the deluge of sanctions, Russia’s emerging market allies are exploring workarounds
SHANGHAI, Feb 28 (Reuters) – As Western governments tighten sanctions on Russia over its invasion of Ukraine, Moscow’s emerging market allies are exploring trade and financing channels to keep going. The other members of the former BRIC group – Brazil, India and China – are moving cautiously lest they stumble over sanctions, but the beginnings […]
Chinese electric vehicle maker Nio continues secondary listings in Singapore and Hong Kong
SYDNEY/SINGAPORE (REUTERS) – Chinese electric vehicle (EV) maker Nio Inc plans to conduct secondary IPO listings in Hong Kong and Singapore as it seeks to expand its business in the region. Documents filed on the stock exchange on Monday (28 February) showed that the New York-listed company had received preliminary approval from the Hong Kong […]
What does the war in Ukraine mean for businesses?
What are the implications of the invasion of Ukraine for business leaders? Most of the attention is obviously focused on the diplomatic, military and humanitarian aspects of the conflict. But the implications for multinationals are enormous. Businesses need a way to immediately check their compliance with the new sanctions and technology controls that really matter. […]
Before the invasion of Ukraine, Russia and China cemented their economic ties
“If they don’t comply with the United States, they have problems with the United States, but if they don’t comply with China, they could also face sanctions in China,” he said. -he declares. Of course, collecting fines from companies that are unwilling to pay and monitoring whether companies are following the rules could be difficult, […]
Renren, once hailed as the “Chinese Facebook”, is charting a new chapter in Phoenix
PHOENIX — Phoenix is home to several international technology companies, but here’s one you probably haven’t heard of: Renren Inc. Renren was originally launched as a Chinese social networking platform and was once hailed as China’s answer to Facebook, but the company has since exited the social media industry and become a holding company. Renren […]
A Trump-era ‘China initiative’ that critics have called anti-Asian comes to an end
The Department of Justice is changing its approach to combat economic espionage and trade secret theft in China. The so-called “China Initiative” has drawn criticism from civil rights groups and the academic community. A senior Biden official said the current threat landscape demands a “broader approach.” Loading Something is loading. The Justice Department is ending […]
Fundraising by Chinese private funds plunges, slowing economy takes its toll
SHANGHAI: Money raised by newly launched private funds in China plunged 44% in January from the previous month, according to the latest official data, adding to evidence of a rapidly diminishing appetite for the risk in a context of economic slowdown and growing geopolitical tensions. The disclosure from the Asset Management Association of China (AMAC) […]
Analysis: China’s bubble Olympics kept reality at bay
Olympic workers in protective gear walk through the snow at a hotel inside the Olympic bubble during the 2022 Winter Olympics, Saturday, Feb. 12, 2022, in Zhangjiakou, China. (AP Photo/Kirsty Wigglesworth) Kirsty Wigglesworth PA BEIJING They did – it seems obvious. But what exactly did they do? China staged a logistically adept Olympics with very […]
The ‘cycle is over’ for speculative tech stocks
Abrdn, which manages and administers £532 billion ($1 trillion) in assets, is also bullish on Chinese equities, taking comfort in massive stimulus injected by Beijing that has pushed lending to record highs. “This shows how hard Chinese policymakers are trying to stabilize the economy and should create a turning point in the business cycle and […]
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Chinese superstar Xiao Zhan is the new face of Nars
The beauty brand announced one of China’s hottest celebrities as the brand’s new spokesperson on Sunday, and in less than 24 hours the video linked to the announcement had 37 million views. times on the Chinese social media platform, Weibo. Xiao Zhan, who has been at the center of controversy in the past due to […]