From the US SEC approving 11 spot bitcoin ETFs, military strikes in the Red Sea to Google layoffs and Tesla’s price adjustments in China, here’s a look at some of the developments from the world…
BUSINESS
China Seen Cutting Rate, Boosting Cash to Support Economy
(Bloomberg) — China’s central bank is likely to cut a key policy rate … Engineering SEC Authorizes Bitcoin-Spot ETFs in Crypto’s Breakthrough These Are the World’s Most Powerful Passports in 2024 …
China’s Zijin Plans Stake in Canadian Miner, Testing Security Rules
Most Read from Bloomberg Google Lays Off Hundreds in Hardware, Voice Assistant Teams SEC Authorizes Bitcoin-Spot ETFs in Crypto’s Breakthrough These … the government has said. Read More: China’s …
De-Coupling From China: Harder Than Anyone Thought It Would Be
Both the American government and American business want to de-coupe from China’s economy, but the road there seems to have more bumps than people anticipated.
CES 2024: China smartphone brand Realme unveils new handset on sidelines of trade show as its biggest rivals stay home
The new 12 Pro+ handset to launch at the end of January provides a better zoom lens at a budget price, as Realme caters to young overseas users Realme sister brand OnePlus was also in…
How KFC won over China
KFC China recently celebrated the opening of its 10,000th store in the city of Hangzhou, about an hour outside of Shanghai. By comparison the U.S. has a little over 4,300 KFC locations. Known in China…
Mexico likely beat China to be the top exporter to the US — the first time in 20 years
As global trade flows shift amid an intensifying great power competition between Washington and Beijing, the US is moving to import less from China in an effort to reduce dependencies on its chief …
Tron Founder Predicts China To Join The Crypto ETF Race
Tron Founder Justin Sun celebrates SEC’s Spot Bitcoin ETF approval while predicting China’s entry and signaling global crypto acceptance.
China, U.S. extend MoU on preventing illegal importation of Chinese cultural artifacts
BEIJING, Jan. 11 (Xinhua) — The governments of China and the United States have extended a memorandum of understanding (MoU) that aims to prevent the illegal importation of Chinese cultural artifacts …
China Voices Concern Over Chip Curbs in Call With Raimondo
A senior Chinese official has raised concern with US Commerce Secretary Gina Raimondo over US measures to limit China’s access to advanced chipmaking technology, highlighting a contentious area in …
China raises concerns with US over chip-making export controls, sanctions
China’s Commerce Minister Wang Wentao expressed concern over U.S. curbs preventing third countries from exporting lithography machines to China during a phone call with U.S. Commerce Secretary Gina …
Algorithmic trading platforms poised to take a hit as China’s commodity bourses tweak trading rules
The rulings will affect quant strategies generated by computer algorithms that involve the rapid buying and selling of securities, as well as dealing a blow to brokerage revenues that rely on …
China says the U.S. has ‘weaponized’ chip export controls
China “firmly opposes” such moves and will take “necessary measures” to protect Chinese business interests, Shu said. The ministry last year announced export controls on some metals used in chipmaking …