Global investment company SoftBank Group is seeking a valuation of US$60 billion for British chip-making company Arm for its IPO. After failing to sell Arm to Nvidia, SoftBank plans to get Arm to the …
Monthly Archives For March 2022
Elon Musk said it would not be easy for Russia and China to take out Starlink satellites if they attempted to
In an interview with Mathias Döpfner, CEO of Insider’s parent company Axel Springer, Musk said there are 2,000 Starlink satellites in operation.
China’s Sinopec plans its biggest capital expenditure in history
China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing’s call for energy …
Hong Kong ends flight ban, Singapore restrictions ease, Thai crypto crackdown
Several of Southeast Asia’s tourism-dependent countries are taking steps to lift COVID-19 restrictions this week. Malaysia and the Philippines will reopen to all vaccinated travelers, while Singapore …
Luxury Brands Wake Up to the Booming Chinese Coffee Market
As China’s coffee shop market becomes increasingly competitive and sophisticated, how are luxury brands leveraging this opportunity?
Three places to enjoy spring and ancient architecture in Beijing
Beijing is a city of opposites, with one foot in the past and another in the present. Nowhere is this duality visible than in its architecture, where traditional and modern styles coexist and bold …
Shanghai overtakes Jilin to become China’s biggest Covid-19 hotspot
Shanghai became China’s biggest virus hotspot after reporting another record increase in daily Covid-19 infections. The financial hub overtook the northeastern province of Jilin, which reported 2,078 …
Russian gas sales to China ‘will not make up for loss of European markets’ after Ukraine invasion
Russia currently provides far more gas at a higher price to Europe, according to a leading energy analyst But China’s real value is as a source of necessary goods after the West imposed sweeping …
China industrial profit up but mired in single-digit growth
BEIJING (Reuters) -Profit growth at China’s industrial firms accelerated in the first two months of the year in line with other signs of momentum in the …
China finds second black box from plane crash, as all 132 onboard declared dead
The recovery of the second black box, the flight data recorder, increases the chances that authorities may be able to determine the cause of the crash.
Explained: Ethereum Is Upgrading and It Could Change Crypto’s Future
The catalyst for this growth appears to be an upcoming upgrade that will overhaul how the Ethereum blockchain works, and, in the process, make it “more scalable, more secure, and more sustainable.” A …
Chinese auto brands gain larger market share in first two months
The share of Chinese passenger car brands in the domestic market increased in the first two months of the year, data from an industry association showed. Over 1.63 million Chinese brand passenger cars …
With eye to China investment, Taliban now preserve buddhas
The ancient buddha statues sit in serene meditation in the caves carved into the russet cliffs of rural Afghanistan. Hundreds of meters below lies what is believed to be the world’s largest deposit of …
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