A senior Chinese central bank official, Mu Changchun, said the country will respect digital yuan users’ privacy and protect their personal information, Reuters reported on July 25. According to Changc...
Tag: China
Goldman Sachs cuts earnings outlook for MSCI China to zero growth
In China, people typically buy apartments before they are completed. Pictured here on June 28, 2022, are unfinished residences in Nanning, Guangxi Zhuang Autonomous Region. Future Publishing | Future ...
China on Alert for Evergrande Restructuring Plan After Shakeup
(Bloomberg) — The clock is ticking for the world’s most indebted developer, whose liquidity woes sparked a broader debt crisis in China’s property industry that’s gone on to engulf more home bui...
‘Top Gun 2’ Nears $1.3 Billion, ‘Elvis’ Tops ‘Lightyear’
Tom Cruise and Jennifer Connelly in ‘Top Gun: Maverick’ Paramount and Skydance Top Gun: Maverick earned another $10 million (-19%) domestic and $16.4 million (-19%) overseas in its ninth w...
Russia, China, and BRICS Nations Plan to Craft a New International Reserve Currency – Economics Bitcoin News
While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst ...
VW’s Diess Goes, As Flawed Governance Foils Another Leader
Herbert Diess, chief executive officer of Volkswagen AG, who is leaving at the end of August. … [+] Photographer: Krisztian Bocsi/Bloomberg © 2022 Bloomberg Finance LP A software spat probably t...
Is China Headed for a Lehman-Style Crisis? This Property Bust Is Different.
Text size The downturn in China’s property market is unlikely to lead to a meltdown that triggers a financial crisis. STR/AFP via Getty Images China’s property slump and suffering economy is lea...
Can Keanu Reeves’ ‘John Wick 4’ Finally Break Out Overseas?
Keanu Reeves in ‘John Wick: Chapter 4’ Lionsgate Lionsgate dropped their first teaser to Chad Stahelski’s John Wick: Chapter 4 last night. Pardon my tardiness. My wife is out of town with ...
Tesla sells 75% of its Bitcoin holdings to meet production costs in China
Tesla’s second-quarter financial earnings revealed that the company sold 75% of its entire Bitcoin holdings. The sale of Tesla holdings generated the company $936 million worth of fiat currency. Elon ...
China’s Clean Energy Push Grows, Week In Review
China Last Night KraneShares Week in Review Asian equities started the week on a strong note except for Japan, which was off for Marine Day, a national holiday meant to give thanks for the ocean’s bou...
Heatwave causes largest Bitcoin mining power drop since China ban
As the world battles with soaring air temperatures that have engulfed multiple countries around the globe and are breaking century-long meteorological records in some of them, Bitcoin (BTC) miners are...
Kiribati’s Liaison With China Threatens Sushi And Security
FILE – Kiribati’s President Taneti Maamau, left, and Chinese President Xi Jinping walk together … [+] during a welcome ceremony at the Great Hall of the People in Beijing, in this ph...
China Government Application For Digital Yuan
– Advertisement – The government of China is looking forward to launching its digital currency in the market, just like the crypto coins. To ensure this works, the Chinese government has a...
China Cybersecurity Regulator CAC Fines Didi $1.19B for Data Security Law Violations
Didi has responded to the fine penalty. The company said in an online statement that it accepts the regulator’s decision. The Cyberspace Administration of China (CAC) has fined Chinese transport compa...
Elon Musk: Tesla Sold Its Bitcoin Because of COVID Lockdowns in China
During Today’s Tesla earnings call, Tesla CEO Elon Musk explained the reason for the company’s sale of 75% of its Bitcoin holdings, worth approximately $936 million, as noted in its Q2 earnings ...
China Billionaire Cuts Stake In Outperforming Nike Rival Xtep
Xtep international Chairman Ding Shui Po in 2014. (Photo by Edmond So/South China Morning Post via … [+] Getty Images) South China Morning Post via Getty Images An investment company controlled ...
BYD Makes First Foray Into Japan Passenger Car Market With Three EV Models
BYD unveiled three EV models for the Japan market at a conference in Tokyo on Thursday. BYD China-headquartered BYD, the world’s largest maker of electric vehicles, held a press conference in Tokyo on...
Ford Makes Major Commitment To CATL Lithium Iron Phospate EV Batteries
Ford reinforces plan for 600,000 annual EV run rate by end of 2023 Ford It’s no secret in the auto industry that in order to meet the commitments that manufacturers have for EV production this decade ...
NetEase Surges On Game Approval, Baidu Introduces Fully Autonomous SUV
China Last Night KraneShares Key News Asian equities were mixed overnight on light volumes as the summer lull is in full effect. Hong Kong was largely down, led by Tencent -1.36%, Meituan -2.21%, and ...
China Fines Ride-Hailing Giant Didi $1.2 Billion, Citing Cybersecurity Breaches
SINGAPORE—Chinese authorities fined ride-hailing company Didi Global the equivalent of about $1.2 billion, bringing an end to a yearlong investigation into the company’s cybersecurity practices. The f...
Here’s What Another China Lockdown Could Mean For The U.S. Economy
More Covid lockdowns in China would be “another headache” for the Federal Reserve in its battle against inflation, experts say, though global supply-chain bottlenecks are easing. If there’s any indica...
Chinese Ride-Sharing Giant Didi Global Fined More Than $1 Billion In Year-Long Cybersecurity Probe
Didi’s ride-sharing app. Costfoto/Future Publishing via Getty Images Chinese authorities have decided to impose an 8 billion yuan ($1.2 billion) fine on embattled ride-sharing giant Didi Global,...
Bitcoin mining difficulty expected to see largest drop since China ban
Bitcoin (BTC) mining difficulty is expected to adjust downwards by about 4.5% during the next adjustment window, on July 21 at around 7 p.m. BST, according to an analysis conducted by CryptoSlate usin...
Tesla Shares Rally Despite Slowdown In Profits, Impact From China Shutdown
Topline Shares of Tesla jumped late on Wednesday after the company reported second-quarter results that beat Wall Street expectations, despite analyst concerns about production taking a hit from month...
Hong Kong Internet Stocks Rally On Didi Follow Through & HFCAA Window Potentially Not Shortening
China Last Night KraneShares Key News Asian equities had a strong performance overnight though we should curb our enthusiasm slightly as volumes were light. Hong Kong internet stocks had a strong nigh...
How To Slash The Time And Money Needed To Build Warships—Without Cutting Capabilities
The federal fiscal year beginning October 1 marks an unfortunate anniversary for the U.S. Navy. It will be the 20th consecutive year that the number of warships in the U.S. fleet is fewer than 300. Vi...
Didi To Resume Normal Operations, Hong Kong Volumes Plummet
China Last Night KraneShares Key News Asian equities posted mixed results on light volumes as summer doldrums kicked in. The WSJ reported that “according to people familiar with the issue,” Didi will ...
China U.S. debt holdings go under $1 trillion for 1st time in 12 years
The U.S. Treasury building in Washington, D.C. Bloomberg | Bloomberg | Getty Images China’s holdings of U.S. debt have fallen below $1 trillion for the first time in 12 years amid rising interes...
Retail Agonizes About Trade Provisions
American flag in the center of circuit board, Artificial intelligence of digital illustration getty Americans know about having chips on the line – but Congress seems hell-bent on disconnecting ...
The Biden Administration Needs to Pass The USICA and Get Tougher On China
Before Russia launched its unjust invasion of Ukraine, President Biden’s foreign policy efforts were focused on countering another authoritarian adversary, China, whose economic aggression continues t...
Policy Support For Clean Energy & Real Estate Lifts Stocks
China Last Night KraneShares Key News Asian equities started the week on a strong note except for Japan, which was off for Marine Day, a national holiday meant to give thanks for the ocean’s bounty. M...