International fashion and luxury groups are opening coffee shops in major Chinese cities, entering an intensely competitive space in a bid to draw in customers amid a slowdown in luxury spending. In …
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McKinsey bars China business from generative AI consultancy work, FT reports
McKinsey has stopped its China business from undertaking consultancy work related to generative artificial intelligence, the Financial Times reported on Wednesday, citing two people with knowledge of …
McKinsey bars China practice from generative AI work amid geopolitical tensions
Consulting firm’s move follows scrutiny from Washington over US companies’ involvement in sensitive Chinese sectors …
China Shuns Low-Grade Coal From Indonesia as Imports Collapse
Indonesia bore the brunt of a sharp fall in China’s coal imports last month, underscoring how Chinese power plants have shifted away from lower-quality fuel due to persistent domestic oversupply.
EU-China trade frictions
Oct 8, 2024 – China imposes temporary anti-dumping tariffs on EU brandy, hitting brands from Hennessy to Remy Martin. Oct 29, 2024 – The EU approves imposing extra tariffs of up to 35.3% on …
China’s DeepSeek AI Predicts the Price of XRP, Dogecoin and Cardano by the End of 2025
DeepSeek AI suggests that holders of the following altcoins are poised for substantial gains, but which ones will do best may surprise you.
Regulatory changes have built momentum in Hong Kong IPOs
A wave of reforms is driving growth in IPO listings in Hong Kong, with experts including Deloitte China’s Edward Au bullish on further growth through the rest of the year.
Trump considering meeting with China’s Xi in the near future amid possible tariff pause extension
President Donald Trump said he could meet with Chinese President Xi Jinping in the “not too distant future” following an invitation from Beijing.
US lawmakers raise ‘China-Russia Alert’; send letter to Google, Facebook, Microsoft and Amazon: Tell us by August 8 …
Republican lawmakers are concerned about the security of subsea cables, crucial for global internet traffic, citing potential threats from China and Russia. They’ve questioned tech giants about the …
Lawmakers want US tech chiefs to address security concerns over submarine cables
Over 400 subsea cables handle 99 per cent of international internet traffic. Read more at straitstimes.com. Read more at straitstimes.com.
Russia Drones Equipped With Chinese Technology Raise Eyebrows
China supports russian terrorism – thus, China directly supports the fight against Europe. The new russian drone consists almost entirely of Chinese components, — GUR. The intelligence agency has …
China Tariff Deal ‘Likely’ Will Be Extended, Bessent Says—But Others Will Still Take Effect Aug. 1
The Trump administration’s trade deal with China that sharply lowered the tariff rate on Chinese imports is expected to be extended past its Aug. 12 deadline, Treasury Secretary Scott Bessent …
More from India less from China: How politics is changing America’s import basket
The shift in trade patterns is a reflection of ongoing geopolitical tensions, particularly policies pursued by the administration of US President Donald Trump, which have impacted China’s dominance an …
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