Argentina will start paying for Chinese imports in yuan instead of US dollars in an effort to preserve the country’s dwindling foreign currency reserves, Economy Minister Sergio Massa said Wednesday.
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Apple, Android Rivals See First-Quarter Drop in China Phone Shipments – Research Firm
But its overall shipments in China fell to 13.3 million units, a 3% decrease from the same period in 2022. Sales for all other top-selling brands also fell, with total smartphone shipments dropping 11 …
China-made cars are big and they won’t stop growing anytime soon
China-made cars have become a lot more advanced and innovative over the past 10 years, and it could be a sign of just how much of a giant they’re going to be. China has evolved…
Argentina govt to pay for Chinese imports in yuan rather than dollars
Argentina will start to pay for Chinese imports in yuan rather than dollars, the government announced Wednesday, a measure that aims to relieve the country’s dwindling dollar reserves. In April, it …
Bitcoin’s Biggest Fan? Ted Cruz Reveals Why He’s A Long-Term Crypto Investor
U.S. Sen. Ted Cruz has shown great enthusiasm and bullishness toward Bitcoin BTC/USD , stating that he is excited about the cryptocurrency’s potential and especially its role as the dominant player in …
DoJ, Treasury accuses 3 men of laundering crypto for North Korea
If the DPRK is named, you know it somehow involves Lazarus Group The US government is aggressively pursuing three men accused of wide-ranging and complex conspiracies of laundering stolen and illicit …
Luxury Travel Retail Poised To Rocket With China’s Reopening
The luxury industry is poised for another strong year despite the present economic turmoil in the banking world — and travel retail, in particular, looks like it will outperform due to China’s …
BYD poised to surpass VW as China’s top car brand as budget EV triggers ‘buying spree’ among millions, analyst says
The Warren Buffett-backed company cut the price of its Seagull model below the level that already attracted 10,000 pre-orders in 24 hours The reduction ‘will trigger a buying spree’ among millions of …
Tesla opens select Superchargers in China to (some) other EV brands
Tesla is opening its fast-charging network to electric cars from other manufacturers in China after similar moves in Europe and the US. A pilot project in Beijing and Shanghai sees Tesla initially …
Chinese Liquor Billionaire Gains $3 Billion With Hong Kong IPO But Faces Strong Competition
Wu Xiangdong, a Chinese liquor mogul once known for his savvy advertising tactics, has added another $3 billion to his fortune as his ZJLD Group raised HK$5.3 billion ($676 million) in one of the …
Net profit of China’s top liquor brand posts strong growth in Q1
China leading liquor maker Kweichow Moutai posted a net profit of about 208 billion yuan about 3 billion US dollars in the fi …
You can cross ‘Quantum computers to smash crypto’ off your list of existential fears for 30 years
RSA’s Adi Shamir thinks we’re safe for a generation, but more gnarly keys are still a good idea RSA Conference Adi Shamir, the cryptographer whose surname is the “S” in “RSA”, thinks folks need to…
American Companies In China More Optimistic On Economy, Worried About Washington-Beijing Relations
U.S. companies in China are increasingly optimistic about the country’s economic outlook but worried about overall relations between the Washington and Beijing, according to a survey released today by …
