China began restricting exports of graphite supplies needed to make electric vehicle (EV) batteries on Dec. 1. EV carmakers are nervous about shortages because the US lacks its own domestic supplies.
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‘Are they possessed?’: ritual duo pour foodstuff cocktail into China river for ‘good karma’ triggering online eco-backlash
Two women who poured cooking ingredients into a river in China as part of a “release life” tradition to bring good luck have sparked anger online.
Tesla opens several more chargers for third-party brands in China
In China, Tesla has now made it possible for people driving electric cars from other manufacturers to use more than 350 Superchargers and over 260 destination chargers from Tesla. This covers 38 …
China’s credit outlook cut to negative; Rupert Soames named CBI president; trading outages in London – business live
Moody’s cuts its outlook on China’s credit rating, while trading in smaller stocks in London is hit by systems problems …
Raimondo says US supports growth in China if Beijing ‘plays by the rules’
Despite signs from the summit that icy relations between the U.S. and China are warming, Raimondo was clear that the U.S. will be cautious in economic dealings with the country. “We’re going to do …
Lawmakers ramp up scrutiny of Shein, call for proof it doesn’t use forced labor after retailer files for IPO
Lawmakers are ramping up their scrutiny of Shein and calling for proof it doesn’t use forced labor after the retailer confidentially filed to go public.
Stock Futures Slide, Crypto Hype Pauses: Moody’s Bearish China Outlook Sparks Risk Off
Tuesday is shaping up to be a risk-off session, with futures trading in the red in premarket trading, while the dollar and Treasuries are the only major asset classes in the green.
Coinbase CEO Reveals Shock U.S. Dollar Prediction As Bitcoin Price Smashes $40,000, Helping Ethereum, XRP And Crypto Soar
The chief executive of crypto exchange Coinbase has predicted bitcoin will be “the key to extending western civilization” as the U.S. continues to inflate the …
McDonald’s investor day is Wednesday. Expect to hear about expansion, tech and China
McDonald’s is expected to share new details about its accelerated expansion plans, a new spinoff brand called CosMc’s and digital strategy at its investor day on Wednesday.
German firms diversify in Asia to reduce China risk – survey
BERLIN, Dec 5 (Reuters) – Nearly half of German companies operating in China are taking measures to reduce the risk of doing business there largely due to growing geopolitical tensions, according to a new survey…
China’s Services Sector Maintains Growth, Private Survey Shows
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world A private gauge of China’s services activity continued…
Raimondo: More export curbs from U.S. may be needed to keep up with China
The U.S. may add more restrictions on tech exports to China as needed, Commerce Secretary Gina Raimondo told CNBC in an interview. “I know that’s hard for industry,” she said. “The truth of it is…
China’s Rising Debt Spurs Moody’s to Cut Credit Outlook
China’s Ministry of Finance immediately expressed disappointment, saying that the Chinese economy is resilient and that local government budgets could withstand their loss of revenue from the country’s real estate downturn. Moody’s reaffirmed its …