In a significant development, Hong Kong’s justice secretary has showed the path on how a mainland Chinese law to counter foreign sanctions could be adopted in Hong Kong by amending it into Hong Kong’s mini-constitution, pending a decision by the… Read More ›
After Beijing state prosecutors initiating a civil public interest lawsuit against Tencent’s subsidiary, the company said it would investigate the functions of its popular social messaging app WeChat’s “youth mode”. According to prosecutors, WeChat’s “youth mode” does not comply with… Read More ›
According to a report from the Mail, Odey Asset Management, a UK-based hedge fund has sold its stakes in Ryanair Holdings Plc and International Consolidated Airlines Group SA. Hedge fund manager James Hanbury has sold his holding in British Airways-owner IAG,… Read More ›
In a significant development that marks the impact of U.S. trade embargoes on embattled erstwhile Chinese telecommunications giant Huawei Technologies, the company reported its biggest ever drop in revenues during the first half of 2021. On Friday, Huawei reported revenues… Read More ›
In a recorded message on Friday, U.S. President Joe Biden told a forum of Pacific island leaders, the United States would donate COVID-19 vaccines without strings attached. The development comes in the wake of China becoming an increasingly more assertive… Read More ›
More than 36 influential business groups from the United States and asked U.S. President Joe Biden’s administration to restart trade talks with China; they have also asked that Washington cut its tariffs on Chinese exports to the United States, said… Read More ›
The ratings of heavily indebted Chinese developer Evergrande Group and its subsidiaries was downgraded to “CCC-“, down from ‘CCC+” by S&P Global. This is its second downgrade in less than two weeks. Evergrande along with its subsidiaries Hengda Real Estate Group… Read More ›
Shares of Indonesia’s PT Bukalapak.com jumped by 25% on its trading debut with investors scrambling to get a piece of the action in the country’s first listed tech unicorn. PT Bukalapak.com, which counts Singapore sovereign fund GIC Pte Ltd and… Read More ›
On Monday, France’s Axa posted a 180% surge in its first quarter net income even as the French insurer rebounded from a spike in pandemic-related claims that led to a $1.8 billion (1.5 billion euro) charge in 2020. In a statement… Read More ›
In July, factory activity in India surged on the back of heightened domestic demands and export order. The development sees an increase in job creation for the first time since the onset of the Coronavirus-induced COVID-19 pandemic. According to a… Read More ›
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