Asian stocks advanced Tuesday as investors evaluated the economic outlook amid elevated food and fuel costs, tightening monetary settings and China’s push to stamp out Covid.Most Read from …
Monthly Archives For May 2022
GLOBAL MARKETS-Asia markets rise on hopes of easing China tech crackdown
Asian shares advanced on Tuesday, led by a jump in technology majors, as hopes grow for an easing of China’s unprecedented regulatory crackdown on its once-freewheeling tech sector. HONG KONG, May 17 …
Ex-employees of Samsung chip vendor indicted for involvement in China’s technology theft
Former employees of Semes, a Samsung Electronics subsidiary and key semiconductor chip-related equipment supplier, have been indicted for their alleged involvement in technology theft. According to …
Foreign orders boost China shipbuilding firm linked to military
Chinese shipyards that are at the heart of Beijing’s drive to modernise its navy are also seeing orders and technology transfer worth billions of dollars from commercial shipping companies in dealings …
China returns as 2nd top Bitcoin mining hub despite the crypto ban
The Chinese government has not managed to take down cryptocurrency operations as part of its crypto ban last year as China has re-emerged as one of the world’s largest Bitcoin (BTC) mining hubs …
Wheat export ban: Hope India will reconsider, says US after China’s defence
German Agriculture Minister Cem Ozdemir had criticised India and said that if everyone started imposing restrictions then that would worsen the crisis.
COVID: China logs 140 new local cases, over 60 in Shanghai
Chinese mainland reported 140 locally transmitted confirmed COVID cases Shanghai reported 869 locally-transmitted asymptomatic infections of novel coronavirus Total 627 patients were discharged from …
The Collateral Damage in China’s Covid War
In doing so, it has shown an increasing willingness to put China’s economy, and even its social stability, at risk. For Chinese President Xi Jinping, the stakes could not be higher. The all-important …
World’s highest jailing rate found in Uyghur county of China, data leak suggests
One in 25 people sentenced to prison on terrorism-related charges in Konasheher, Xinjiang province, where Communist party represses Muslim minority …
US Customs seized 460 counterfeit Rolex watches that would have been worth a collective $10.1 million if they were real
US customs seized 27,107 shipments of pirated goods valuing over $3.3 billion. The majority of these shipments come from China.
3-Michelin-starred chef on how Chinese food inspires him, ‘clever takes’ that went wrong, and running Shenzhen’s Ensue from the other side of the world
Christopher Kostow is executive chef at Ensue, the first restaurant in southern China to make it on the Asia’s 50 Best Restaurants list, which it did this year His three-Michelin-star Meadowood, in …
Musk’s China ties add potential risks to Twitter purchase
Elon Musk’s ties to China through his role as electric car brand Tesla’s biggest shareholder could add complexity to his bid to buy Twitter. Other companies that want access to China give in to …
Asian stocks up after Wall Street dip on China’s Covid-bruised data
China has persisted in its strict zero-Covid policy to stamp out an Omicron-fuelled wave, ordering lockdowns in various cities and shuttering factories and ports. The impact of this strategy on the …
