Pangilinan-led Meralco Group is exploring strategic options for its renewable power arm, eyeing either an initial public offering (IPO) or a backdoor listing via SP New Energy Corp.
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Russia Using Crypto in Chinese and Indian Oil Trade – Reuters
Russia is using cryptocurrencies in its oil trade with China and India to dodge Western sanctions, Reuters reported Friday, citing four sources with direct knowledge of the matter. Russia passed …
Vladimir Putin Said ‘Nobody Can Ban Bitcoin’—Now Russia Reportedly Leverages BTC To Evade Sanctions When Selling Oil To China, India
Russia has started employing cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) to manage a growing segment of its oil transactions with China and India, sidestepping Western …
Shein Stays Committed to IPO While Weathering Tariff Storm
Shein’s executive chairman said he remains committed to plans to take the fast-fashion retailer public despite being in the crosshairs of President Donald Trump’s campaign to rebalance global trade.
Russia using cryptocurrency in oil trade with China, India to bypass sanctions, Reuters reports
The cryptocurrency scheme currently represents a small fraction of Russia’s $192 billion annual oil trade, according to the International Energy Agency, but its usage is reportedly increasing.
Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India
Russia is turning to bitcoin and crypto to facilitate oil trades with China and India, circumventing sanctions imposed on Ukraine.
Tesla reportedly producing cheaper Model Y to boost sluggish sales in China
Tesla has plans to produce a low-cost version of its best-selling Model Y to boost sluggish sales in China, according to a report. The car will cost at least 20% less to produce than the…
Hong Kong fintech sector sees 250% blockchain growth since 2022
Hong Kong’s fintech sector reports a 250% rise in blockchain firms and a projected $606 billion market by 2032, fueled by Web3 and AI advancements.
China’s CATL sees slowest profit growth in six years
CATL reported 15% growth in 2024 net profit, the slowest pace in six years, as a prolonged price war in China’s electric vehicle market put pressure on the Chinese EV battery giant.
China should not prioritise low prices in drug procurement plan, European lobby group says
A European business lobby group urged China to take steps not to prioritise low prices over product safety in the country’s centralised drug procurement programme.
Bank of China sets up $7 billion fund to support technology development
Bank of China has set up a 50 billion yuan ($6.9 billion) fund to invest in technology startups, state media CCTV reported, as the nation’s big state lenders move to support the private economy.
China’s new quantum satellite communication link is practically impossible to hack
China has deployed ultra-secure communication in the southern hemisphere via a “quantum satellite”, a report from the South China Morning Post reveals. The supposedly hacker-proof system uses a …
China’s AI fever drives wider adoption across society, but is it mostly hype?
DeepSeek’s free-to-use open-source models would lead more SMEs to use the tech in their processes, said an observer. Read more at straitstimes.com.
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