Worsening consumer and business sentiment, increased inflation, and central banks moving to tighten monetary policy, with the US Federal Reserve being the most aggressive, have …
Monthly Archives For June 2022
Yum China Releases 2021 Sustainability Report
Yum China Holdings, Inc. (the “Company” or “Yum China”, NYSE: YUMC and HKEX: 9987) today issued its fifth annual sustainability report. Yum China’s 2021 Sustainability Report highlights the Company’s …
American Eagle Outfitters to Exit China Market
With a focus on online, the retailer slowly shrunk its offline retail presence. In June 2019, it closed all brick-and-mortar stores in mainland China. The American Eagle and Aerie brands still operate …
Putin says Russia is rerouting trade to China and India
China’s crude imports from Russia soared to a record level … neglecting “the basic principles of [the] market economy” such as free trade. “It undermines business interests on a global scale, …
Tens of thousands forced to evacuate by floods in south China
Heavy rainfall has collapsed roads in some parts of cities and swept away houses, cars and crops, and more rain is forecasted for coming days.
China analyst urges possible attacks on Elon Musk’s Starlink satellites
In a recent paper published in a China-based academic journal called Modern Defense Technology, analyst Ren Yuanzhen argued that China’s military needs to develop the capability of tracking each …
Why China’s ambitions in space should not be underestimated
While China was excluded from the International Space Station, it is building its own, has constructed the world’s largest radio telescope and expects to launch a powerful space telescope next year …
Can The U.S. Overtake China In The Battery Metal Race?
The global push towards renewable energy has sparked a significant rise in rare earth prices, and the U.S. and China are vying for market dominancy …
US Tariffs on China Give Negotiating Leverage, Trade Chief Says
US tariffs on more than $300 billion in annual imports from China provide significant leverage and are useful from a negotiating standpoint, President Joe Biden’s trade chief said amid a debate within …
China imports 2 mln barrels more of Iran oil, likely for reserves
SINGAPORE: China has received a new shipment of nearly 2 million barrels of Iranian oil in the past week at a southern port, according to shipping trackers, with one tracker saying the cargo is …
U.S. law prohibiting import of products made by Uyghurs in labor camps goes into effect
The United States has began enforcing the Uyghur Forced Labor Prevention Act, which mandates that companies using imported goods from China’s Xinjiang region provide “clear and convincing evidence” …
China’s cash-strapped local governments accused of misusing funds as economic pressure grows
China’s audit office says local governments have misused proceeds from special purpose bonds and falsified information to receive coronavirus subsidies 23 small- and medium-sized banks were found to …
Blockchain Leads to Ecommerce Logistics Savings
Rates from China-Europe are around $11,500, and China-Long Beach hovers around $9000, with a mean rate of $10,250. Thus, if clients used blockchain, conservative estimated savings would be $8.4 …
