TikTok owner ByteDance will move its headquarters to London from Beijing under a deal approved by British ministers, The Sun newspaper reported. ByteDance’s founders are to announce their intention to … ( read original story…
Monthly Archives For August 2020
Beijing’s actions risk Hong Kong’s future as global financial center
The new security law Beijing imposed on Hong Kong and the ongoing political turmoil cast a dark shadow on the financial hub’s competitiveness and attractiveness to international business. ( read original story …)
In Showdown Between China and the West, HSBC Gets Caught in the Middle
Global businesses are increasingly being asked to pick political and legal sides in the confrontation between the world’s two biggest economies. ( read original story …)
List: 3 leading vaccines from China against COVID-19, now on Phase III human trials
Chinese vaccines lead the pack in quest for coronavirus shot, with trials in UAE, Brazil Get Breaking News Alerts From Gulf News We’ll send you latest news updates through the day. You can manage them…
South China Sea Dispute: Malaysia Pushes Back With Rejection Of Chinese Maritime Claims
Malaysia is appealing to the United Nations, rebuking China’s claims that Kuala Lumpur has no right to seek the establishment of its continental shelf. ( read original story …)
China opens anti-dumping probe on U.S. polyphenylene ether imports
China’s commerce ministry said on Monday it has started an anti-dumping probe into imports from the United States of polyphenylene ether, a polymer prized for its heat resistance and used in the … ( read original…
ZTE, China Unicom complete 2.1GHz SA commercial verification
ZTE and the Shandong branch of China Unicom have completed commercial verification of standalone 5G in the 2.1GHz band. ZTE completed the SA systematic networking verification, the first 2.1GHz and 3. ( read original story…
US-China tensions rise over TikTok; markets eye manufacturing reports – business live
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HSBC profits hammered by pandemic and soaring US-China tensions
HSBC on Monday said profits for the first half of 2020 plunged by 69 percent on year as the banking giant was hammered by the coronavirus pandemic and spiralling China-US tensions. Chief executive Noe ……
China stocks rise as expanding factory activity boosts recovery hopes
Chinese shares rose on Monday as new data underscoring strong growth in factory activity bolstered hopes that China’s economy has bounced back faster than expected from the shock of the coronavirus … ( read original…
US small business bailout money flowed to Chinese-owned companies, analysis shows
Millions of dollars of U.S. taxpayer money have flowed to China from the $660 billion Paycheck Protection Program that was created in March to be a lifeline for struggling small businesses in the … (…
US doubles surveillance flights over South China Sea
The US military nearly doubled aerial surveillance operations in the South China Sea last month compared with May, a Beijing think tank said yesterday, warning that this made a confrontation much more … ( read…
Goldman, BofA Left Off Ant IPO for Work With Alibaba Rivals
Goldman Sachs Group Inc. and Bank of America Corp. were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people ……
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