The Bank of England called on policy makers to beef up the global framework for regulating cryptocurrencies to prevent them from threatening the wider stability of financial markets.Most Read from …
Tagged By business
China to ramp up arms export to Pakistan
China has decided to increase its arms exports to Pakistan and take a major leap in its defence cooperation with Pakistan, initiating sale of arms ranging from stealth fighters to submarines, a move …
What’s Really Behind Beijing’s Crackdown on Its Tech Industry?
Beijing’s pride in its world-class big-tech sector has lost its shine, replaced by disdain for its “barbaric” capitalistic growth. Over the past year, a severe clampdown on its largest and most …
U.S. sets red lines for China helping Russia dodge sanctions
The Biden administration has warned Beijing not to take advantage of business opportunities created by sanctions, help Moscow evade export controls or process its banned financial transactions.
Elon Musk tops world’s rich list as crypto billionaires race up the rankings
Newly minted crypto billionaires appear on the Harun Global Rich list. Tesla CEO and Pretoria-born Elon Musk is far and away the richest person in the world, according to the recently published Hurun …
Billionaire Pony Ma Vows Long-Term Growth For Tencent Amid China Tech Crackdown
Pony Ma, the billionaire co-founder of Chinese web giant Tencent, has vowed to reposition his company for “sustainable long-term” growth, after Beijing’s crackdown on its internet sphere has chopped …
China’s EV chassis maker PIX raises $11M to build its own smart vehicles
The autonomous driving industry in China has enjoyed a boom over the past two years, with both institutional and corporate investors pouring money into a driverless future. Companies thriving in the …
UBS, China Life Asset Management Venture Plan in Limbo as Talks Stall – Sources
A plan by UBS and China Life Insurance Group to set up an asset management joint venture in China faces uncertainty as talks have stalled due to a corruption investigation at the insurer and curbs…
China says to exempt 3% VAT levied on some small firms
China will exempt the 3% Value Added Tax (VAT) levied on some small firms, the country’s main source of jobs, the finance ministry said on Thursday, to help shore up the world’s second-largest economy …
China Online Education Group Announces Receipt of a Non-Binding Proposal to Acquire Mainland China Business of the Company
China Online Education Group (“51Talk” or the “Company”) (NYSE: COE), a leading online education platform in China, with core expertise in English education, announced that its board of directors (the …
Live updates: China rejects disinformation accusations
BEIJING — China is rejecting accusations of helping Russia spread disinformation over Washington’s involvement in Ukraine, while repeating Moscow’s baseless claims about secret American biological …
Is Hip-Hop the New K-Pop for Luxury Brands in China?
As a result, luxury brands are leveraging the traction of hip-hop to connect with Gen Zs. Despite this, it is K-pop that has always been viewed as the natural fit for luxury makes in China.…
China urges US to remove all punitive tariffs as soon as possible: Commerce Ministry
China’s Commerce Ministry on Thursday called on the US to remove all punitive tariffs levied on Chinese products and push for bilateral economic and trade relations to get back to normal as soon as …
