Sales in its Greater China region fell 21%, impacted by a sharp drop in store … UTC · Updated ago Future of Moneycategory Wallet recovery firms buzz as locked-out crypto investors panic in bitcoin boom…
BUSINESS
China navy secretly built what could be world’s first drone aircraft carrier: report
China has secretly built what could be the world’s first drone carrier, an analyst said. The report pointed to the vessel’s size to guess at its primary mission. Having a drone carrier would allow China…
HTX affiliate Huobi Hong Kong withdraws crypto licence application for second time, must shut down by August
HBGL, which operates Huobi HK, has withdrawn the licence application for unspecified reasons, requiring it to close the crypto exchange under the city’s virtual asset regulations.
Jamie Dimon says China’s relationship with Russia will make it difficult for the US to fully engage with it
The US should embrace full engagement with China, but expect a hard time along the way, JPMorgan CEO Jamie Dimon told Sky News. This will remain difficult as long as China is close to Russia,…
JPMorgan CEO Dimon favors full engagement with China, Sky News reports
The U.S. government is doing the right thing by fully engaging with China, JPMorgan Chase CEO Jamie Dimon said in an interview with Sky News on Wednesday, adding that Beijing was a fierce competitor,
Burberry’s profit slumps by a third as sales in China plunge
British luxury brand Burberry has reported a 34% drop in annual profit after sales fell sharply in China — its biggest market — in the final three months of last year.
War on Crypto Crime: Chinese Police Dismantle $1.9 Billion Underground Banking Ring
Chinese police dismantle a $1.9 billion illegal banking network using crypto, arresting 193 involved in the operation.
China Has Gotten the Trade War It Deserves
The Biden administration’s steep new tariffs are a rational response to Xi Jinping’s aggressive economic policies.
Biden Blocks China-Backed Crypto Mining Firm From Owning Land Near Air Force Base
The U.S. leader Monday ordered MineOne, a crypto mining firm majority-owned by China, to remove its equipment and dismantle improvements in a property located near an American Air Base home to ballistic missiles.
China’s Nio launches Onvo brand to challenge Tesla’s best-selling model
Chinese electric vehicle maker Nio on Wednesday launched the first vehicle under its new brand Onvo to be priced at a lower range and which aims to compete with Tesla’s Model Y, the world’s …
China LNG imports could hit record levels in 2024, PetroChina official says
BANGKOK, May 15 (Reuters) – China’s liquefied natural gas imports could hit record levels in 2024, a PetroChina official forecast on Wednesday. The world’s top importer of the super-chilled fuel is seen shipping between 78-80…
No NRF As Shein Leaves London And New York Guessing Over IPO
The NRF has reportedly not accepted Shein’s application to join the industry body, which could yet influence whether its long-awaited IPO goes to London or New York.
The Global Trade War Just Got Worse. It’s Bad for China and Everyone Else.
The new tariffs on Chinese goods are the latest salvo in what analysts see as a trade war that could last for years. That could boost inflation.
