BIT Mining signed a $14 million deal to acquire a 51 MW Bitcoin mining facility in Ethiopia. This expansion marks the company’s first venture outside
BUSINESS
China’s new fashion capitals, ranked
It’s been a turbulent year for luxury in China, but it’s still a crucial region for the fashion industry to continue investing in, home to a savvy and discerning consumer. Across the vast market, what…
The crypto market tanks 8.8% amid escalating macro fears and global pandemic threats
The crypto market is telling a fearful story, reminiscent of the period between 2019 and 2023. It’s Russia and Ukraine all over again, but this time with Iran and Israel – basically, the Middle East…
China Warns US of “Unjust Suppression” After Tencent, CATL Added to Sanctions List
Tensions between the United States and China have escalated after Washington added two major Chinese companies to its list of entities connected to the Chinese military. The U.S. Department of Defense …
Shein condemned by MPs as fast fashion firm dodges questions over forced labour conditions in China
MPs had summoned the company, along with McDonald’s, Tesco and Temu, to discuss labour rights concerns and committee chairman Liam Byrne stated they were “horrified by the lack of evidence” provided …
China’s super-rich eye the exit as leaders brace for economic shock
China’s leaders are bracing for shocks to the economy from higher tariffs threatened by US President-elect Donald Trump once he takes office. Millionaires, meanwhile, are relocating. View on euronews …
China counts on microwaves, rice cookers to revive economic growth
China has added more home appliances to the list of products that can be used in its consumer trade-in scheme and will offer subsidies for additional digital goods this year, in an effort to revive…
China may trim fuel oil imports amid 2025 tax hike, sources say
China’s fuel oil imports are expected to drop in early 2025 following a hike in the product’s import tax from Jan. 1, prompting some sellers to lower prices to boost demand, several trade sources …
Is China ready for Trump’s tariff threats?
By bno – Taipei Bureau Across the world, global markets are already grappling with the anticipated economic impact of Donald Trump’s promise to increase tariffs as he prepares to assume the US …
Chinese toy maker Bloks raises $215 mln in Hong Kong IPO, term sheet shows
Chinese toy maker Bloks Group has raised $215 million in a Hong Kong initial public offering (IPO) by pricing its shares at the top of the indicated range, according to a term sheet reviewed by…
Malaysia imposes anti-dumping duties on plastic imports from China, Indonesia
Malaysia’s trade ministry said it has imposed provisional anti-dumping duties on imports of polyethylene terephthalate, or PET, originating or exported from China and Indonesia.
Now Trump’s import tariffs could raise the cost of a laptop for Americans by 68%
Make America irate again CES The Consumer Technology Association has issued some fresh predictions about how much Americans might have to pay for their hardware if Donald Trump’s wallet-busting import …
China exports push Nippon Steel to seek growth in US, India after blocked deal
Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap Chinese exports after its bid for U.S. Steel was blocked by the White…
