CNW/ – GYSR.V) (GYSRF) (“Geyser Brands” or the “Company”) is pleased to announce that it has completed the strategic partnership and investment agreement (“Agreement”) with the largest hemp company in … ( read original story…
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Chinese Police Freezing OTC Traders’ Bank Accounts Over ‘Tainted’ Crypto Transactions
Thousands of cryptocurrency over-the-counter merchants and their clients may have been affected as police in China freeze bank accounts over tainted crypto and fiat assets. ( read original story …)
China Monthly Car Sales Rise for First Time in Almost a Year
Car sales in China rose for the first time in almost a year last month, evidence that the world’s largest auto market is rebounding from the coronavirus crisis and the trade war with the U.S.…
The UK steps up its fight with China by preparing tough new laws to prevent ‘hostile’ takeovers of British firms
New laws could make it compulsory for British firms to report attempted takeovers that could create risks to national security. ( read original story …)
China’s Monthly Car Sales Rise for First Time in Almost a Year
Car sales in China rose for the first time in almost a year last month, evidence that the world’s largest auto market is rebounding from the coronavirus crisis and the trade war with the U.S.Retail…
Chinese tech giant Tencent forms alliance to promote blockchain development
Chinese tech giant Tencent’s cloud service, Tencent Cloud, has launched an alliance to promote the development and application of the blockchain industry.The post Chinese tech giant Tencent forms … ( read original story …)
China stocks gain as dismal trade data fuels stimulus hopes
China stocks ended higher on Monday as poor domestic trade data reinforced hopes for further policy stimulus to shore up the coronavirus-stricken economy. ( read original story …)
Ericsson to Take $109 Million Hit as China Assets Written Down
Ericsson AB will need to write down assets related to its business in China, resulting in a 1 billion krona ($109 million) hit to the Swedish telecoms giant. ( read original story …)
The supply chain shift out of China has further to go: Investor
Marc Dragon of Reefknot Investments discusses the challenges to global supply chains posed by Covid-19 and U.S.-China trade tensions, and the ongoing reshoring of operations away from China. He says … ( read original story…
Ericsson flags margin headwind over China 5G contracts, takes $108 million charge
Ericsson’s second-quarter results will take a hit of about 1 billion crowns ($108.8 million) due to write-downs of product inventory in the Chinese market, the Swedish company said on Monday. The … ( read original…
Ericsson Strengthens its Position in China and Writes Down Assets
As previously announced Ericsson (NASDAQ: ERIC) has increased its footprint in China through 5G contract awards from all three major operators in China. The strengthened market position is strategical … ( read original story …)
Ericsson Sees Negative Q2 Margin In China; Maintains Group Targets For 2020, 2022
(RTTNews) – Ericsson (ERIC) announced Monday that it has maintained financial targets for 2020 and 2022. The company noted that it has increased its footprint in China through 5G contract awards from … ( read…
India is forging closer ties with the U.S. as China rises: Eurasia Group
India has been building its defense relationship with the U.S. to secure a “free and open” Indo-Pacific region as China’s global rise poses a growing threat to its borders, says Akhil Bery of Eurasia ……
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