SM group-led China Banking Corp. grew its second quarter net profit by 27 percent year-on-year to P3 billion, bucking the downturn seen by other banking peers amid constraints arising from the … ( read original…
Monthly Archives For August 2020
Elon Musk says ‘China rocks’ while the U.S. is full of ‘complacency and entitlement’
Tesla CEO Elon Musk, in an interview out Friday, compared the US to a sports team that stands poised to lose after years of winning. ( read original story …)
US hits China anew for rights abuses in western Xinjiang
The Trump administration took new aim at China on Friday by imposing sanctions on a major paramilitary organization in the country’s western Xinjiang region and its commander … ( read original story …)
White House to force China’s ByteDance to separate from TikTok in U.S.: sources
The United States is preparing to force ByteDance to shed the U.S. operations of TikTok over concerns the Chinese company’s ownership of the popular short video app jeopardizes personal data, people … ( read original…
Trump Expected to Order China’s ByteDance to Sell TikTok in U.S.
President Donald Trump plans to announce a decision ordering China’s ByteDance Ltd. to divest its ownership of the popular U.S.-based music-video app TikTok, according to people familiar with … ( read original story …)
As the U.S. and China Wage a New Cold War, They Should Learn From the Last One
Washington and Beijing need to reach a detente, establishing buffers and guardrails to avoid outright conflict … ( read original story …)
Trump to Sign Order Demanding China’s ByteDance to Divest TikTok
President Trump will require Beijing-based ByteDance to sell its ownership in TikTok, the popular video sharing app that U.S. officials have deemed a national security risk, according to a person … ( read original story…
Bank’s ties to Beijing restricting ability to restore its fortunes
The bank did not comment, but some shareholders have highlighted the matter as a potential problem. It is just another example of the difficulties facing … ( read original story …)
U.S. Adds Sanctions Over Human Rights Abuses in China
The Treasury Department imposed sanctions on a powerful government entity that runs companies and farms in the Xinjiang region, where officials carry out the mass internment of Muslims. ( read original story …)
U.S. set to unveil crackdown on China’s ByteDance over TikTok: sources
The United States is preparing to take action against China’s ByteDance over concerns that its ownership of TikTok jeopardizes the security of the personal data that the popular short video app … ( read original…
Blockchain Bites: Dollar’s Decline, Ether’s Moneymakers and Coinbase’s Considerations
You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s … ( read original story…
Live updates – Fauci says China is not a ‘threat’ to COVID-19 vaccine development
Fauci said Europe and Asia had managed to shut down 95% of their populations, whereas about 50% of the United States was shut down. ( read original story …)
Beijing watchdogs to punish Luckin Coffee, related firms after confirming US$300 million accounting fraud
Announcement from two regulators places the beleaguered Luckin Coffee in the spotlight again after the US$300 million scandal led to its delisting from Nasdaq. ( read original story …)