Crypto.com said it would axe about 20 per cent of its global workforce in the wake of the collapse of FTX, as the Singapore-based cryptocurrency platform said it was facing “unforeseeable industry …
Tagged By business
China’s exports plunge as global demand weakens, but trade with Russia hits record high
China reported a record trade surplus for 2022, as its key export sector delivered robust growth for most of last year, providing much-needed support for the world’s second largest economy that’s …
90% of businesses accepting blockchain: data
According to a recent survey by CasperLabs and Zogby Analytics, businesses have a particularly positive attitude toward adopting blockchain technology. 603 business enterprise “decision makers” in the …
China’s 2022 trade with Russia hit record $190 billion – customs
China’s trade with Russia hit a record 1.28 trillion yuan ($190 billion) last year, the government said on Friday, even as Russia’s imports from the European Union fell on sanctions related to …
China Focus: International brands tap into “Year of Rabbit”
As the Chinese Lunar New Year approaches, many international brands have launched limited-edition products to welcome the Year of the Rabbit and embrace the massive Chinese market. Most of the limited …
China gaming phone maker Black Shark lays off hundreds of workers and fails to pay full severance, according to reports
Some of the laid-off workers from Black Shark have turned to Weibo to vent their anger about reduced severance payments.
Analysis-China’s Rapid Reopening Brings Joy and Woe for World Markets
The rapid reopening of China’s economy from COVID lockdowns is brightening the outlook for global investors keen to leave behind one of their worst years on record, but may also fuel the inflationary …
China imports, exports plunge in December: customs
China’s exports in December fell at their fastest pace since 2020, according to official data Friday, owing to a drop in global demand and after health restrictions hit economic activity at …
China’s trade surplus swells to $877.6B as exports grow
China’s trade surplus swelled to a record $877.6 billion last year as exports rose 7% despite weakening U.S. and European demand and anti-virus controls that temporarily shut down Shanghai and other …
China’s exports, imports tumble sharply in Dec, cloud 2023 growth outlook
China’s exports shrank sharply in December as global demand cooled, while imports also tumbled again as surging COVID infections and a property downturn weighed heavily on domestic demand, …
China Dec coal imports slip as COVID spike dampens industrial activity
China’s coal imports slipped in December from a month earlier as industrial activity slowed following a surge in COVID-19 cases after Beijing’s sudden removal of stringent pandemic controls.
China December soybean imports jump, annual volumes fall
China’s soybean imports jumped 19% in December compared with a year ago, customs data showed on Friday, as buyers stocked up on beans to ease tight supplies in the world’s top oilseed importer.
China’s exports, imports shrink again in Dec on weakening global demand
China’s exports shrank sharply in December as global demand cooled, missing their typical year-end bounce, while imports tumbled again as surging COVID-19 infections and a property downturn weighed …
