The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this y …
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China losses force General Motors to take over $5B in charges to restructure and cut asset values
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this …
General Motors is taking a $5 billion-plus hit on its operations in China
GM said it would write down the value of its joint venture with China’s SAIC Motors by as much as $2.9 billion and incur restructuring charges.
European Business Groups’ Surveys Find Rising China Challenges
British and German firms in China are having a tougher time doing business and worry about the outlook for next year, according to two new surveys.
Bybit crypto exchange says mainland Chinese can trade through VPN, but not with yuan
Bybit CEO Ben Zhou says the company plans to reapply for a Hong Kong licence next year even though regulators bar selling crypto to mainlanders.
China’s Nuclear-Armed Neighbor Gets Aircraft Carrier Boost
INS Vikrant, India’s first indigenous aircraft carrier, is now fully operational for undertaking naval assignments.
Greg Abbott’s War on China
Texas governor has instructed state agencies to “divest at the first available opportunity” from China in a move aimed at Beijing.
Before DOGE, Ramaswamy spent years attacking Musk for ties to China
Vivek Ramaswamy, the co-chair of the proposed Department of Government Efficiency alongside billionaire Elon Musk, has a lengthy history of attacking his partner’s ties to China, frequently referring …
China’s services activity expansion dampened by ‘trade environment’ concerns: Caixin PMI
Caixin/S&P Global services purchasing managers’ index aligned with the official gauge, which also showed China’s non-manufacturing activity weakened last month.
Bombshell 520-Page Congress Report: Covid DID Leak From Dodgy Wuhan Lab… and Both China and the U.S. Were Involved in Global Cover-Up
A bombshell Congress report has revealed that Covid-19 did leak from a lab, which ended up killing millions of people around the world.
Australia’s Lynas near 3-week high after China bans export of critical minerals to US
Shares of Australia’s Lynas Rare Earths climbed to a near three-week high on Wednesday, a day after China banned exports of some critical mineral to the United States.
The 9 pacts that China and Nepal signed as KP Sharma Oli met Xi Jinping in Beijing
Even though Nepal and China signed nine pacts during Nepali Prime Minister KP Sharma Oli’s visit to China, none of the pacts were new and no new investments announcements have been made so far
North Korea, Russia and China watch on as crisis unfolds in key US ally South Korea
A night of political upheaval in South Korea has upended stability in a key democratic US ally – sending shock waves through the region and Washington at a moment of acute global tension.
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