Spot trading of the yuan-ruble pair in China climbed to a six-month high in June as foreign-currency transactions picked up and the nation boosted shipments to Russia after Covid curbs eased. Trading …
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The Crypto CEO Who Doesn’t Want the Job
The Mask Network’s Suji Yan is building and funding Web3, and hoping it decentralizes away his role. This Q&A is part of Future of Work Week.
China’s Great Wall Motor shelves $1 billion India plan -sources
China’s Great Wall Motor has shelved plans to invest $1 billion in India and laid off all employees at its operations there after failing to obtain regulatory approvals, three sources with direct …
GM Confirms Establishment Of New Import Business In China
After GM Authority exclusively reported back in March that General Motors is establishing a new imported vehicle business in China, the automaker has just officially announced the establishment of its …
China’s Boycotts of Western Brands Aren’t Very Effective
The clothing company Inditex, the owner of Zara and other popular fashion brands, generates over three-quarters of its revenues in Western markets. China produced outsized earnings for Nike last …
Yuan-ruble trade hits a 6-month high as Chinese exports to Russia jump amid Western sanctions
Yuan-ruble trading volume surged to a six-month high in China last month as Chinese exports to Russia ramped up. Spot trading between the two currencies rose to 321 million yuan, …
China pays for its disengagement
For more than three decades, the global economy was defined by unbridled integration and unprecedented interdependence. Neither political spats nor localized wars could slow the globalization train.
Fact-Checking 8 Claims About Crypto’s Climate Impact
While some experts say that there’s potential for positive impact from crypto mining, most agree there are few indications that the industry is going in the right direction. “There is a narrow path …
China’s Up-and-Coming Sports Gear Makers: When Politics Meets Business
China’s indigenous sports apparel companies have made great strides in their domestic market, in part by embracing the CCP’s line. That decision poses steep hurdles for their expansion abroad.
China – Amends 14-Year-Old: Anti-Monopoly Law: What Has Changed And Implications For Business.
China promulgated the Amendments to its 14-year-old Anti-Monopoly Law (the “AML”) which will take effect from 1 August 2022 (the “Amendments”). To bring the Amendments alive, consultation drafts of …
Mercedes-Benz, BMW, and Audi’s EV plans are reliant on China
Three major German carmakers have separately made announcements this month that underscore just how important China is to their electric vehicle ambitions. Mercedes-Benz has just kicked off production …
What China did to Hong Kong is a ‘horrible omen for what’s about to happen in Taiwan,’ says Kyle Bass
Kyle Bass, CIO of Hayman Capital Management, joins CNBC’s ‘Squawk Box’ to discuss China’s relationship with Taiwan as President Xi Jinping makes his first visit outside the mainland for the first time …
China takes fresh steps to open bond market to foreigners
China took fresh steps on Friday to facilitate foreign investment in its $20 trillion bond market, saying it would cut service fees, improve overseas access to foreign exchange hedging, and streamline …
