Hegseth focused his warning on Beijing’s stance toward Taiwan, making the stakes clear for the broader region. “To be clear: any attempt by Communist China to conquer Taiwan by force would result in …
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Citi plans to slash 3,500 tech roles in China as global banks cut costs
A slew of major global banks are under fresh pressure to trim costs against the backdrop of deteriorating global economic outlook.
Trump tariffs live updates: US auto suppliers urge action on China rare earths curbs amid tariff strain
On Wednesday, a US auto parts group, MEMA, the Vehicle Suppliers Association, has urged immediate action over China’s tighter controls on rare earth exports, warning the move could soon disrupt car …
Citi to cut 3,500 tech jobs in China in global revamp
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…
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 …
Citi Cuts Tech Staff in China, Presses on With Brokerage Plan
Citigroup will reduce its technology workforce in China by about 3,500 as part of ongoing restructuring to streamline global operations.
Transcript: What drives China’s strongman leader?
This is an audio transcript of the Rachman Review podcast episode: ‘What drives China’s strongman leader?’ Gideon Rachman Hello, and welcome to the Rachman Review. I’m Gid …
Citi to cut 3,500 tech jobs in China as part of global revamp
US bank said some of the roles would be moved to its technology centres elsewhere. Read more at straitstimes.com. Read more at straitstimes.com.
Loans issued from China’s housing provident fund slow in 2024: report
China issued more than 1.3 trillion yuan ($181 billion) in 2024 under the country’s housing provident fund programme for individual mortgage loans, down 11.4% from the previous year, according to …
As China restricts rare earths, Trump targets ethane in plastics manufacturing blow
The Trump administration plans to reject U.S. ethane exports to China that are heavily relied upon for plastics manufacturing in an apparent escalation of the temporary trade war truce between the …
Late-night social media and surprise tariffs complicate Trump’s two biggest trade talks
President Trump is complicating negotiations with China and the European Union as he made two moves Wednesday to call out Chinese President Xi Jinping on social media and boost tariffs on steel and …
China’s rare earth export curbs hit the auto industry worldwide
Some European auto parts plants have suspended output and Mercedes-Benz is considering ways to protect against shortages of rare earths, as concerns about the damage from China’s restrictions on …
