HONG KONG] Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday (Jun 5), as it pushes to simplify and shrink global…
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Citi to cut 3,500 tech jobs in China in global revamp
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Australia’s Lynas Surges as Automakers Flag Risks From China’s Rare-Earth Export Curbs
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China’s Didi Reports First-Quarter Revenue up 8.5%
China’s Didi Reports First-Quarter Revenue up 8.5% BEIJING (Reuters) -Chinese ride-hailing company Didi Global on Thursday reported an 8.5% rise in revenue in the first quarter of 2025 to 53.3 billion …
China offers cash rewards for hackers it says are Taiwanese military
BEIJING (Reuters) -Authorities in southern China announced on Thursday they were offering rewards of more than $1,000 for the arrest of 20 people they say are Taiwanese military hackers, drawing an …
China’s Didi Q1 revenue rises 8.5% as recovery gains pace
Chinese ride-hailing company Didi Global reported an 8.5% rise in revenue in the first quarter of 2025 to 53.3 billion yuan ($7.42 billion) on Thursday, as its recovery from a regulatory overhaul of …
China’s rare earth restrictions halt first auto industry production lines
The auto industries in both the US and Europe could come to a standstill within weeks thanks to China’s ongoing restrictions on exports of rare earth minerals and magnets. Several European car part …
China warns BYD, rivals to self-regulate as price war heats up
BEIJING] Chinese officials summoned the heads of major electric vehicle makers, including BYD, to Beijing earlier this week to address concerns about the long-running price war, according to people …
Beijing warns the EU to stop ‘provoking trouble’ in the South China Sea
The warning from China’s embassy in the Philippines follows criticism from a top EU official about Beijing’s conduct.
China’s overseas income tax global crackdown expands beyond ultra-rich
Chinese authorities are seeking to boost fiscal income and narrow a record budget deficit as Beijing has ramped up stimulus to counter US tariffs …
Citigroup lays off 3,500 tech staff in China
Citigroup has laid off 3,500 technology staff in mainland China as part of the bank’s push to cut costs and streamline its global operations amid a broader turnaround effort. The cut affects a …
