The Trump Administration has announced a ban on all cotton and tomato products from western China’s Xinjiang region over alleged forced labor issues from detained Uighur Muslims. In a statement, the U.S. Customs and Border Protection said, the order applies… Read More ›
Creativity
Trump Administration bolster ban on U.S. investors funding Chinese military modernization
In a statement the White House said, U.S. President Donald Trump has signed an executive order which further strengthens the November ban on U.S. investments in companies which are allegedly controlled or owned by the Chinese military curbing their access… Read More ›
Citigroup Inc combines wealth management under Citi global wealth
In a statement, Citigroup Inc said, it has created a single wealth management business called Citi global wealth to deliver its products and services to clients, including ultra-high net worth individuals. The newly formed unit, formed by combining wealth management… Read More ›
China’s COVID-19 vaccine, CoronaVac, has general efficacy of less than 60% in Brazil trials
According to two sources who have seen the lab results, China’s CoronaVac, its COVID-19 vaccine, developed by Sinovac Biotech, has a general efficacy of less than 60% in clinical trial in Brazil. Brazil’s Sao Paulo’s Butantan biomedical center, which has… Read More ›
Australia blocks Chinese-state owned company from acquiring domestic peer involved in high profile construction projects
In a significant development, Australia has blocked a Chinese construction company from buying out a domestic builder involved in several high-profile projects, citing national security concerns, reported local media reports. In a regulatory filing to the Johannesburg stock market filing… Read More ›
Huawei’s CFO was a flight risk
Canadian prosecutors told a Canadian court that China’s Huawei Technologies had a plane waiting to whisk away the company’s Chief Financial Officer, Meng Wanzhou, back to China from Vancouver, even as a key verdict in her extradition case was to… Read More ›
European companies on Russian Nord Stream 2 pipeline project at risk of U.S. sanctions
According to two sources familiar with the matter at hand, the U.S. State Department has informed European companies that those helping to build Russia’s Nord Stream 2 gas pipeline face sanction risks. “We are trying to inform companies of the… Read More ›
Chinese EV maker Xpeng Inc secures $2 billion credit facility for expanding manufacturing and sales
On Tuesday, Chinese electric vehicle maker Xpeng Inc said, it has secured a $2 billion (12.8 billion yuan) credit line from five Chinese banks for expanding its manufacturing and sales. New York-listed Xpeng, which has a market value of $35… Read More ›
Bahrain opens airspace with Doha from January 11
In a development that sees the end of a regional dispute, Bahrain’s civilian affairs authority said, it will open its airspace to Qatar from January 11. The development comes in the wake of a U.S.-backed deal by Arab states last… Read More ›
U.S. investment powerhouse KKR closes Asia Pacific infrastructure fund at $3.9 billion
On Monday, KKR & Co, a U.S.-based investment powerhouse stated, it has closed a fund targeting infrastructure-related investments in Asia Pacific at $3.9 billion. In a press release KKR said, the fund was its first in the region for the… Read More ›