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 …
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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 …
Apple and Alibaba’s AI rollout in China delayed by Trump’s trade war, FT reports
Apple and Alibaba’s rollout of artificial intelligence services in China is being delayed by a Beijing regulator, the Financial Times reported on Wednesday, as the partnership becomes the latest to …
Trump Torpedoes China Deal Hopes at 2AM–Rare Earths May Be the Real Fallout
Markets shrug off late-night blast, but investors should watch what’s happening beneath the surface: critical minerals and supply chains.
Markets shrug off doubled U.S. steel tariffs and Trump complaints of Xi being ‘hard to make a deal with’
I like President Xi of China…but he is very tough, and extremely hard to make a deal with!” Trump wrote on Truth Social.
TVB actor Peter Pang sings at China’s nightclub despite cancer to address financial struggles
Hong Kong actor Peter Pang shared that he took a singing gig at a nightclub in China to address his ongoing financial struggles, which have been exacerbated by his cancer treatment.
China has a ‘choice’ on whether to be a reliable partner: US Treasury Secretary Bessent
He said China needs to shift to a more consumption-led economy to help ease global imbalances. Read more at straitstimes.com. Read more at straitstimes.com.
