Russia is turning to bitcoin and crypto to facilitate oil trades with China and India, circumventing sanctions imposed on Ukraine.
Monthly Archives For March 2025
Tesla reportedly producing cheaper Model Y to boost sluggish sales in China
Tesla has plans to produce a low-cost version of its best-selling Model Y to boost sluggish sales in China, according to a report. The car will cost at least 20% less to produce than the…
China erupts with fury at Taiwan as Beijing labelled ‘foreign hostile power’
New president “William” Lai Ching-te has been increasingly robust about Taiwan’s independence from China and Beijing isn’t happy.
Beijing criticizes CK Hutchison’s $23 billion Panama Canal deal by reposting commentary that slams it as ‘an act of submission’
CK Hutchison dropped by over 6% in Hong Kong trading on Friday, even as the city’s benchmark Hang Seng Index rose by over 2%.
Hong Kong fintech sector sees 250% blockchain growth since 2022
Hong Kong’s fintech sector reports a 250% rise in blockchain firms and a projected $606 billion market by 2032, fueled by Web3 and AI advancements.
China’s CATL sees slowest profit growth in six years
CATL reported 15% growth in 2024 net profit, the slowest pace in six years, as a prolonged price war in China’s electric vehicle market put pressure on the Chinese EV battery giant.
China should not prioritise low prices in drug procurement plan, European lobby group says
A European business lobby group urged China to take steps not to prioritise low prices over product safety in the country’s centralised drug procurement programme.
Merkel rebuffs claims of Covid-19 lab origin cover-up
Was the report on the causes of the pandemic kept under lock and key? Former German Chancellor Angela Merkel denies it, and Beijing appeals. As reported by the media, the German foreign intelligence …
Fake love, real estate: Shenzhen women mislead men into home purchases
In a scandal that reads like a plot twist, 15 women from a Shenzhen-based real estate consulting company were involved in misleading at least 36 men to buy homes in the neighboring city of Huizhou…
China anger at Taiwan erupts as Beijing labelled “foreign hostile power”
New president “William” Lai Ching-te has been increasingly robust about Taiwan’s independence from China and Beijing isn’t happy.
Bank of China sets up $7 billion fund to support technology development
Bank of China has set up a 50 billion yuan ($6.9 billion) fund to invest in technology startups, state media CCTV reported, as the nation’s big state lenders move to support the private economy.
China’s new quantum satellite communication link is practically impossible to hack
China has deployed ultra-secure communication in the southern hemisphere via a “quantum satellite”, a report from the South China Morning Post reveals. The supposedly hacker-proof system uses a …
China’s AI fever drives wider adoption across society, but is it mostly hype?
DeepSeek’s free-to-use open-source models would lead more SMEs to use the tech in their processes, said an observer. Read more at straitstimes.com.
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