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 …
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McDonald’s pays $1.8B to buy back Carlyle’s China stake
China Denies Injuring Australian Navy Divers
China dismissed complaints by the Australia’s government on … called for an independent inquiry into the origins of COVID-19. “Why do we support this outlaw enemy nation? This is not a game diplomacy can win.…
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 …
Gaza ceasefire: Arab and Muslim countries seek Beijing’s support
To convince the international community of the need to impose a ceasefire in the Gaza Strip, a delegation of Arab and Muslim diplomats began a tour of the five permanent members of the UN Security…
China Steps Up Support for Palestinian Cause in Challenge to U.S. Mideast Policy
Chinese leader Xi Jinping is seizing on the conflict in Gaza to portray his country as a force for stability in the Muslim world, in contrast with what Beijing casts as American meddling in the…
Putin Ally Lashes Out at China
“Why should we idolize China?” said Vladimir Solovyov, a prominent Kremlin propagandist, following a summit between Washington and Beijing.
The Big Bank With a $15 Billion Conundrum in China
H SBC Holdings has a $15 billion headache in China—a big stake in a local lender that it can’t easily sell and that could require a big write-down.
One country, one-and-a-half systems: Hong Kong must reinvent itself
COVID» policy and failed protests have taken their toll on China’s most international metropolis. The city is now seeking its fortune in greater integration with mainland China – a case of «one …
Climate, energy experts more confident about China reaching peak carbon emissions earlier, CREA survey finds
Experts are more confident about China’s carbon reduction progress and outlook than last year, according to a joint survey published on Tuesday by the Centre for Research on Energy and Clean Air and …
Exclusive-China’s state banks are buying yuan, quickening its rally, sources say
China’s major state-owned banks have been active in the currency market this week, buying the yuan and helping hasten its recovery against a broadly weaker U.S. dollar, two sources told Reuters on Tuesday.
China’s central bank tells lenders to bring forward some lending: Sources
BEIJING: China’s central bank has told some banks to bring forward some of the loans they plan to extend in early 2024 to late this year and to not overdo lending in the first quarter,…
Exclusive-China’s state banks seen swapping and selling dollars for yuan -sources
China’s major state-owned banks were seen exchanging yuan for U.S. dollars in the onshore swap market and selling those dollars in spot currency markets this week, two sources told Reuters on Tuesday.
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