By Niket Nishant, Hannah Lang and Tom Wilson (Reuters) -Binance chief Changpeng Zhao will step down and plead guilty to breaking criminal U.S. anti-money laundering laws as part of a settlement …
BUSINESS
China’s CO2 emissions may be falling already, in a watershed moment for the world
China’s carbon emissions have either peaked already or will do this winter, seven years ahead of schedule. They may plateau for a year or two but will then go into exponential decline for mechanical …
China Unlikely to Repeat Last Winter’s Surge of Fuel Exports
A surge of diesel and gasoline exports from China in the last northern winter eased then-prevailing fuel shortages in Asia but …
McDonald’s pays $1.8B to buy back Carlyle’s China stake
McDonald’s paid $1.8 billion for Carlyle’s minority stake in a group that operates the chain’s business in mainland China, Hong Kong and Macau, per a source familiar with the deal Why it matters: The …
Opportunities for South Africa at the China International Import Expo in Shanghai
The 6th China International Import Expo (CIIE) held from November 5 –10 in Shanghai was an important event that connected South African exporters to China …
Can blockchain supply the guardrails to keep AI on course?
The basic idea is that blockchains’ immutable, tamper-free ledgers, together with smart contracts, may provide the guardrails for AI implementations, ensuring responsible artificial intelligence. A …
China says it would be a ‘huge foreign policy mistake’ for Argentina to cut ties
China on Tuesday issued a warning to Argentina that it would be a “huge foreign policy mistake” for Buenos Aires to cut ties, shortly after right-wing libertarian Javier Milei secured victory in the …
Tencent, Huawei Make Bold Moves in Web3 Amid China’s Crypto Constraints
Tencent and Huawei, two major Chinese tech giants, are making notable strides in the Web3 space despite the country’s stringent regulations on cryptocurrency trading.
Hong Kong IPO fundraising craters to two-decade low; city must do more to claw back share listings amid headwinds: EY
Funds raised by share listings in the city declined 59 per cent year on year to US$5.3 billion as of November 17, according to a report from EY, which calls for more government and regulatory…
US crypto VC firm CoinFund expands in Asia after first hire in Hong Kong, with clear regulations a pull factor
CoinFund is expanding in Asia after Hong Kong hire and sees trend of cryptocurrency capital flows from US to the region.
Crypto giant OKX applies for Hong Kong licence, becoming first major exchange to file under city’s virtual asset scheme
OKX, the world’s third-largest crypto exchange, is the seventh applicant under Hong Kong’s virtual asset licensing regime, a day after Futu-affiliated PantherTrade also applied.
China’s lithium carbonate imports fell in October, but could recover in November after a surge in Chile’s October exports
In October, 9,044 mt of lithium carbonate were imported from Chile, accounting for 84.04% of China’s total imports. And from January to October, a total of 105,500 mt of lithium carbonate were …
China responds to Argentina’s dollarization – BRICS will NOT beg
Some analysts predict that Javier Milei’s intentions to sever ties with China will not amount to much, considering the many projects in the country spearheaded by China.