Brussels unveils new measures including an import ban on Russian steel and a ban on luxury goods exports to ‘directly hit’ Russia’s elites European Union spokesman Peter Stano says the bloc is …
Tagged By business
Will China Rescue Russia’s Economy?
Moscow needs help to keep its economy functional, but there are a few places to turn to. One of these places is the world’s second-largest economy, China.
Analysts: China’s EV sector so far immune to surging nickel prices
Surging nickel prices are unlikely to be a speed bump for China’s electric vehicle (EV) sector at this moment, as analysts point out that a large proportion of the key battery metal is being used…
Yang Guofu Tempts Investors with Spicy Hotpot IPO in Hong Kong
Leading Sichuan-style hotpot chain Yang Guofu has filed for a Hong Kong IPO, extending a recent series of restaurant …
Against Russia and China, freedom should be the new business bottom line
You can’t get a Happy Meal any longer in Russia after McDonald’s closed shop. The latest apps are barred from the Apple store and a swath of international and European businesses are grinding their …
Oil tumbles below $100 on Ukraine talks, China Covid worries, and Iran nuclear deal hopes – business live
Rolling coverage of the latest economic and financial news. 15:28 The slump in the oil price, down over 20% in the last week, is ‘spectacular’, writes Fawad Razaqzada, market analyst …
China’s tech firms in limbo amid COVID resurgence, US scrutiny
Chinese tech companies. The slew of new cyberspace regulations introduced over the past year or so, from anti-competition rules to restrictions on the use of algorithms, has prompted internet outfits …
China High Speed Transmission Faces Profit Lull as Core Wind Power Business Slows
The stake sale netted China High Speed Transmission around 3.5 billion yuan, which it will use to build new factories, upgrade production equipment and expand its trading business. In addition to …
Yum China (YUMC) Provides Q1 Business Update, Stock Down
Yum China (YUMC) first-quarter same-store sales are affected by the resurgence of COVID-19 cases in Guangdong, Shanghai, Shandong and Jilin regions.
China Boosts Lockdowns, Closes Manufacturing Hubs as Covid-19 Cases Jump
China closed manufacturing hubs Shenzen and Changchun as Covid-19 cases jump, halting local output from companies including Toyota and Foxconn …
China tech rout: Should have seen it coming
Lack of clarity from Chinese authorities amid stalemate with the US means investors should have expected the unexpected …
South China Morning Post’s first NFT collection sells out in two hours despite global market slump
SCMP’s first NFT collection, featuring its news archives from Hong Kong’s pivotal year of 1997, sold out in two hours on Monday, despite the recent global slump in the market for such tokens.
Domestic Brands Are the Future of China’s Luxury Fragrance Market
An evolution in consumer tastes is boosting sales of high-end Chinese fragrance makers, threatening the dominance of entrenched foreign luxury brands.
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