August is meant to be the quiet month but City dealmakers are moaning they’re unlikely to catch a staycation break as the pace of takeovers of British companie …
Monthly Archives For August 2021
The Latest: US reaches out to Russia, China on Afghan chaos
The Biden administration is reaching out to top rivals Russia and China as the situation in Afghanistan continues to deteriorate amid a scramble to evacuate Americans, other foreigners and at-risk Afg …
China’s economic growth likely to slow due to corona
BEIJING: Chinas economic growth will soften this year due to summer flooding and anti-coronavirus controls, an official said Monday, after consumer sales and other activity weakened in July. Chinas ec …
Beijing takes stake, board seat in ByteDance’s key China entity – The Information
The Chinese government has taken a stake and a board seat in TikTok owner ByteDance’s key Chinese entity, Beijing ByteDance Technology, The Information reported on Monday, citing corporate records and …
Beijing says charges against Meng Wanzhou ‘nothing but fabrication’ as extradition hearing enters final week
In its first official remarks on the case since the start of Huawei CFO Meng Wanzhou’s extradition hearing, China’s Foreign Ministry referred to the U.S. fraud charges against Meng as “a political …
Oil prices drop to one-week low amid declining output in China
Crude oil prices dropped by a week low amid a decline in refining output in China and fresh outbreaks in COVID-19. Brent, the global oil benchmark, fell by three percent to $68.38 per barrel this…
Individual Investors Responsible for Crypto Resurgence, Says Analyst
The resurgence of cryptocurrencies like Bitcoin, Ether and Dogecoin in the past few weeks is largely due to renewed interest from individual retail investors.
Universal Music China Plans Major Expansion of Local Recording Operations
Universal Music Greater China, part of Universal Music Group, has unveiled plans to significantly expand its recorded music activities in the Middle Kingdom. It aims to create a multi-label …
China looks forward to ‘friendship’ with Taliban but doesn’t recognize their rule — yet
The Chinese Communist Party said it looked forward to continuing its “friendship and cooperation” with Afghanistan following the Taliban takeover of nearly the entire country, although it stopped …
China, Russia and Pakistan expect to increase influence in Afghanistan
Analysis: three countries have all signalled a readiness to engage with Taliban authorities to some degree …
China’s Slowdown Could Continue. That’s Bad News for Chinese Stocks.
China’s economy slowed faster than expected in July on multiple fronts, hurt by extreme weather, the spread of Covid’s Delta variant, and Beijing’s regulatory push.
ByteDance says China unit holds local licences in response to media report
TikTok owner ByteDance told Reuters on Monday the Chinese subsidiary referenced in a report by The Information only related to some of its China market video and information platforms and held some of …
UPDATE 1-Beijing takes stake, board seat in ByteDance’s key China entity – The Information
The Chinese government has taken a stake and a board seat in TikTok owner ByteDance’s key Chinese entity, Beijing ByteDance Technology, The Information reported on Monday, citing corporate records and …
