China’s exports tumble in May as global demand falters

arabnews.com BEIJING: China’s exports shrank much faster than expected in May while imports extended declines with a grim outlook for global demand, especially from developed markets,…

Foreign CEOs in China Keep ‘Heads Down’ to Manage Tricky Ties

asiafinancial.com Scores of foreign CEOs, including Tesla’s Elon Musk and Apple’s Tim Cook, have made their way to China in the last few months, as the world’s second-largest economy reopens…

Tesla CEO Elon Musk met with Mongolia's prime minister to discuss possible expansion

cnbc.com Mongolia's prime minister Luvsannamsrai Oyun-Erdene and Tesla CEO Elon Musk on Monday discussed possible expansion and investments into the Asian country over a virtual…

The 20 priciest cities for expats in 2023

fortune.com As remote working and work-from-anywhere policies become increasingly popular, so too has living abroad. But some cities could place a bigger burden on expats’ wallets than…

Nikkei Sell-Off Ends Rally, Hang Seng Lifted by Stimulus Hopes

asiafinancial.com Asia’s major stock indexes were made to work hard for their gains on Wednesday, lifted by hopes of significant stimulus coming from Beijing but with advances capped by…

Venture Capital Giant Sequoia to Hive Off China, India/SEA Units

asiafinancial.com US venture capital giant Sequoia plans to split into three businesses – by hiving off its multi-billion-dollar unit in China, while combining its investments in India and…

China's exports tumble in May as global demand falters

reuters.com China's exports shrank much faster than expected in May while imports extended declines with a grim outlook for global demand, especially from developed markets, raising…

China’s Exports Sink by 7.5% in May Amid Global Slowdown

asiafinancial.com China’s exports and imports extended declines in May, amid dismal demand from developed markets, with the US and Europe struggling because of rising interest rates and…

Chinese EV start-up Hozon ramps up exports as it cashes in on popularity of Neta SUV in Southeast Asia

scmp.com Hozon New Energy Automobile exported a batch of 4,000 electric cars recently, the Shanghai-based company said in a statement on its WeChat account. Photo: Weibo

For Musk and other foreign CEOs visiting China, silence is golden

reuters.com SHANGHAI/BEIJING, June 7 (Reuters) - A veritable parade of overseas CEOs including Tesla's (TSLA.O) Elon Musk and Goldman Sachs' (GS.N) David Solomon have made their way to…

China to further open financial sector, regulator tells Citigroup CEO

reuters.com Citigroup's (C.N) Chief Executive Jane Fraser held a meeting with the head of China's new financial regulator on Monday, the National Financial Regulatory Administration…

China’s EV Juggernaut Is a Warning for the West

wsj.com China rocked the auto world twice this year. First, its electric vehicles stunned Western rivals at the Shanghai auto show with their quality, features and price. Then came…

Apple confirms acquisition of AR startup Mira following Vision Pro launch: Report

cointelegraph.com Just a day after launching a new virtual reality (VR) product line, Apple Vision Pro, the tech giant confirmed the acquisition of Mira, an augmented reality (AR) startup…

Subway plans to open nearly 4,000 stores in China in one of its biggest deals ever

edition.cnn.com Subway is planning to add thousands of new sandwich shops in China, increasing its footprint in the country by more than seven times. The world’s biggest sandwich chain…

China exports slump 7.5% in May after two months of growth

asia.nikkei.com SHANGHAI -- China's exports contracted in May for the first time in three months as weaker global demand weighed on the country's recovery from the COVID-19 pandemic. A drop…

China exports slump 7.5% after two months of growth

asia.nikkei.com SHANGHAI -- China's exports contracted in May for the first time in three months as weaker global demand weighed on the country's recovery from the COVID-19 pandemic. A drop…

US Secretary of State Blinken to visit China in the coming weeks

financialjuice.com A measure of Asian equities rose slightly on Wednesday, boosted by a rise in Hong Kong markets amid optimism for Chinese stimulus and a favourable sign in geopolitics. - The…

China Launches Domestically Built Cruise Mega-Ship

zerohedge.com China Launches Domestically Built Cruise Mega-Ship China, apparently not content with producing nearly all of the West's goods and products in sum, is now adding "cruise…

Ozempic is taking China by storm. Drugmakers are scrambling to boost supplies

edition.cnn.com Ozempic, originally a medication for treating diabetes, is in high demand worldwide with celebrities and social media users touting it as a miracle drug for weight loss. Now…

‘These jobs can be respectable too’: Why youths in China are abandoning white-collar jobs for ‘light labor’

cnbc.com In China, the hashtag "my first physical work experience" is making waves on social media. These jobs can range from being a manager in a fast food restaurant, wait staff to…

Map shows air quality of U.S. cities hit hardest by Canada's wildfire smoke

newsweek.com A large swath of the Eastern United States looked "like California at the peak of fire season" Tuesday, as a series of wildfires in Quebec sent plumes of smoke into the…

How BRICS Is evolving from China-Russia dream to U.S.-defying reality

newsweek.com Global interest among nations seeking to join the BRICS economic bloc led by Brazil, Russia, India, China and South Africa is demonstrating its growing influence as a new…

Tesla Stock Is Booming As Questions Swirl Around How Model 3 Is Now Tax Credit Eligible

investors.com claims all of its Model 3 vehicle trims are now eligible for the full tax credit under the Inflation Reduction Act (IRA). The Internal Revenue Service verified that claim…

Apple's next challenge: It needs apps for its Vision Pro headset, but it's not on sale yet

cnbc.com Apple CEO Tim Cook speaks with members of the media next to Apple's new Vision Pro virtual reality headset, during Apple's Worldwide Developers Conference at the Apple Park…

As China raids U.S. businesses and arrests workers, the corporate landscape is getting "very risky"

cbsnews.com China cracks down on access to business data China cracks down on access to business data The risks of doing business in China are increasing for foreign companies. The…

China's state banks told to lower cap on dollar deposit rates -sources

reuters.com SHANGHAI/BEIJING, June 6 (Reuters) - In a rare attempt to bolster China's yuan, a self-regulatory body overseen by the country's central bank has told major state-owned…

Why working in China is getting "very risky" for some U.S. companies

aol.com The risks of doing business in China are increasing for foreign companies. The offices of Capvision, a consulting firm with offices in New York and Shanghai, and two…

US sues Binance and founder Zhao over 'web of deception'

aol.com U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a "web of deception," piling further pressure on the world's biggest cryptocurrency…

Sequoia to split off China, India/SE Asia businesses amid geopolitical tension

reuters.com U.S venture capital giant Sequoia plans to split off its Chinese and Indian/Southeast Asian businesses into two independent firms, it said on Tuesday, as it tries to better…

US confirms all Tesla Model 3 vehicles qualify for $7500 tax credit

reuters.com SAN FRANCISCO/WASHINGTON, June 6 (Reuters) - Tesla Inc's (TSLA.O) rapid adjustment of its battery supply chain means all of its Model 3 vehicles qualify for federal U.S.…

Elon Musk Reveals What He Discussed With Chinese Officials

thestreet.com Since China lifted the lockdowns it put in place to fight the spread of covid-19, Beijing has been trying to attract foreign investors and businesses to help revive its…

How Binance founder Changpeng Zhao went from working in McDonald's to running a crypto empire

dailymail.co.uk The multi-billionaire founder of the largest cryptocurrency exchange once worked flipping burgers at McDonald's to make ends meet before the boom of his company made him one…

PBOC Cuts Deposit Rates, Reserve Requirement Cuts Likely In 2nd Half

forbes.com Asian equities were broadly higher overnight, though South Korea was closed for the Memorial Day holiday. Hong Kong and Mainland China gave back mid-morning gains to close…

Container shipping freight rates are too low, says Hapag Lloyd CEO

reuters.com Global container shipping freight rates have reached unsustainable levels and must rebound, the chief executive of Germany's Hapag Lloyd (HLAG.DE), the world's number five…

The Ethereum Shanghai upgrade: Everything you need to know

cointelegraph.com Ethereum has just had its first major upgrade, or “hard fork,” since transitioning to a proof-of-stake system. The Shanghai upgrade allows validators to withdraw the staked…

Subway inks deal for 4,000 new sandwich shops in China over next 20 years

reuters.com Subway reached an agreement with a master franchisee to open nearly 4,000 new sandwich shops across mainland China over the next 20 years, it said on Tuesday. International…

A Trader’s Guide To More Extreme Weather Events

zerohedge.com A Trader’s Guide To More Extreme Weather Events By Georgina McKay and Ashutosh Josh, Bloomberg Markets Live reporter and strategists From Australian mining behemoths to…

VW's China joint venture transforms Shanghai plant for EV production

reuters.com [1/2] A worker at the Volkswagen assembly line in Wolfsburg, Germany, April 27, 2020. Swen Pfoertner/Pool via REUTERS/File Photo SHANGHAI, June 6 (Reuters) - Volkswagen 's…

Stock market today: Global stocks mixed on concern about US economy weakening

aol.com Global stock markets were mixed Tuesday after a report that showed growth in service industries is slowing stoked concern the U.S. economy is weakening. London, Shanghai,…

Nikkei Extends Record Run, Hang Seng Dips on China Recovery

asiafinancial.com Asian stocks wobbled on Tuesday as investors struggled to maintain recent momentum with uncertainty over the US Fed’s next rates move dampening the mood. China’s sluggish…

SEC Case Against Binance And Zhao Seen as Big Blow to Crypto

asiafinancial.com The move by US regulators to sue Binance and its CEO Changpeng Zhao on Monday has dealt another severe blow to crypto, which could gravely affect public trust in the sector.…

Stock market today: Asian stocks mixed after Wall St retreats on concern economy weakening

aol.com Asian stock markets were mixed Tuesday after Wall Street fell on concern the U.S. economy may be weakening following a report that showed growth in service industries…

Real estate is China's economic Achilles heel

noahpinion.blog This is the second in a short series of posts about China’s economy. The first post, from last week, was entitled “Where China is beating the world”. I once joked to a…

Elon Musk says China will initiate AI regulations

reuters.com The Chinese government will seek to initiate artificial intelligence regulations in its country, billionaire Elon Musk said on Monday after meeting with officials during his…

Stock market today: Asian stocks rise after Wall St retreats on concern economy weakening

bostonherald.com Asian stock markets rose Tuesday after Wall Street fell on concern the U.S. economy may be weakening following a report that showed growth in service industries slowing.…

How regulators are mitigating the risk of extinction from AI: Law Decoded, May 29

cointelegraph.com The lively discussion around artificial intelligence (AI) continues. Last week, dozens of AI experts — including the CEOs of OpenAI, Google DeepMind and Anthropic — signed…

U Power Continues to Draw Attention for Its Japan Deal

247wallst.com Continuing to ride high from an earlier-announced partnership, investors in China’s U Power (US:UCAR) — a technology enterprise that develops its proprietary…

First Mover Asia: Why Did Bitcoin Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets

coindesk.com Bitcoin was recently trading at about $25,750, down nearly 5% over the past 24 hours. Much of its initial downturn occurring in the two hours after the Securities and…

Argentina Takes Step Toward Joining BRICS and NDB

watcher.guru Argentina, a country that has long been rumored to join the bloc, has taken a step toward joining BRICS and its New Development Bank (NDB). Specifically, the BRICS Bank is…

Top asset manager says pension fund clients are turning skittish on China

markets.businessinsider.com The national flag of China is displayed in a street in Wuhan, Hubei province, China. Getty Images APG's pension fund clients are more worried about investing in China, the…