Sources told Bloomberg that ICBC Financial Services, a U.S. subsidiary of Industrial and Commercial Bank of China, relied on the offline system to process trades of U.S. Treasuries after it was hit by a ransomware…
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China Escalates Japan Feud With Island Patrols and Warnings to Citizens
China urges citizens not to visit Japan over Taiwan row
China–Japan rift widens as Beijing sends coast guard patrol into disputed Senkaku waters
China sends coastguard to disputed islands as row with Japan escalates
Newport Harbor boys water polo dominates Corona del Mar for CIF-SS Open title
Tokyo-Beijing doomsday? China’s travel iron curtain drops amid Taiwan row, tourism tsunami reversed
China warns citizens against Japan travel as Taiwan spat escalates
Recent Posts
The World’s Largest Bank Was Just Hit by a Ransomware Attack. Experts Say These Hacks Will Keep Happening
China’s internet entrepreneurs had the world at their feet. What changed?
Small and medium-sized business starters are like orphaned children, completely on their own Huang Panlong But what appeared to be a blazing furnace of enthusiasm was more like a dying ember. In the years since,…
China BEV rethink, Astra PHEV, Gigacasting tricky? – the week
Growth in China’s new energy vehicle (NEV … How will this impact subscription business models? The UK government’s recent decision to delay the ban on the sale of new petrol and diesel engine cars from…
Yellen warns Beijing: Chinese firms aiding Russia face ‘significant consequences’
U.S. Treasury Secretary Janet Yellen on Friday said the U.S. government had seen evidence that Chinese firms may be aiding in the flow of equipment to Russia’s war effort despite Western sanctions, and said she…
Nvidia Develops New AI Chips, Again, to Keep Selling to China
For the second time, the chip giant is responding to tightening U.S. regulations by making chips tailored for Chinese customers.
China to guarantee payments to coal power producers based on capacity
China’s state planner said on Friday that coal-fired power producers will be guaranteed payments based on their installed capacity, as the country seeks to ensure stability of supply while transitioning towards variable renewable power sources.
Did This US Lawmaker Just Admit The CIA Is Monitoring China’s Crypto?
Representatives from the US Congress have been pushing the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act, with …
The GOP congressman who leads the House’s probe of COVID-19’s origins says he won’t seek reelection
The Republican congressman who leads the House GOP’s investigation of the origins of COVID-19 says he won’t seek reelection next year …
Wall Street and Beijing fight fallout of ransomware attack on China’s biggest bank
The attack prevented ICBC FS from settling Treasury trades on behalf of other market participants, according to traders and banks. Hedge funds and asset managers rerouted trades because of the …
China’s latest stimulus effort unintentionally creates chaos in its financial markets as short-term rates hit 50%
China’s recent sale of sovereign bonds has created a massive liquidity crunch, forcing some banks to borrow at astronomical costs.
China Warms to America in New Poll
Analysts believe anxiety over Beijing’s slowing economy is likely driving the Chinese public’s less hawkish attitudes toward the U.S.
Biden and China’s Xi to discuss competition and limiting conflict at meeting next week
President Joe Biden will meet with Chinese President Xi Jinping at a summit of Pacific Rim nations in the San Francisco Bay area, the White House announced.
Meta’s China quest thaws thin layer of dense cube
Amid strained U.S.-China relations, Meta Platforms’ quest for new users could bring it back into the messy middle. The $828 billion company has brokered a preliminary deal to sell virtual reality headsets in the country…
