A senior Communist Party official warned on Saturday that China’s economic recovery’s base is not strong enough and warned of potential spillover consequences from the world’s economic issues. Han Wenxiu, deputy chairman of the party’s office for finance and economic… Read More ›
At least when it comes to their online purchasing habits, millennials have huge aspirations for the upcoming year. According to a survey by ESW, a global direct-to-consumer company that aids retailers in expanding DTC channels, over 27% of millennials intend… Read More ›
Investors’ concerns that regulators and central banks have yet to manage the greatest shock to the industry since the 2008 global financial crisis caused shares of Germany’s largest bank, Deutsche Bank, to fall on Friday. Despite assurances from policymakers that… Read More ›
Shou Zi Chew, the CEO of TikTok, was grilled by a US congressional investigators for four and a half hours on Thursday. Other people can run marathons faster than that, as one legislator noted. Chew will undoubtedly feel it after a… Read More ›
Cash-strapped In contrast to eating out and ordering takeout last month, British consumers purchased at sales and grocery stores, which unexpectedly increased retail sales, according to government figures released on Friday. According to the Office for National Statistics, British retail… Read More ›
The government’s relationship with the social media behemoth, which is making a concerted effort to separate itself from Beijing authorities, is made plain by China’s declaration that it would “seriously oppose” a forced sale of TikTok. The Chinese rule on… Read More ›
Joseph Lubin, the co-founder of Ethereum, blasted regulators for comparing the ether cryptocurrency to a security, claiming that it is more comparable to a commodity like oil. At Paris Blockchain Week on Thursday, Lubin stated he was “quite certain” ether… Read More ›
Evergrande, a troubled Chinese real estate behemoth, has unveiled plans to restructure $20 billion in offshore debt, which might serve as a template for other suffering developers. According to the company, the actions will aid in “efforts to resume operations… Read More ›
The $61 billion merger between American chipmaker Broadcom and VMware could increase the cost of servers, according to Britain’s competition watchdog, who threatened to refer the matter to an in-depth investigation if its concerns weren’t addressed. Last year, Broadcom decided… Read More ›
On Tuesday, tensions over Air India’s plans to become a global airline with hundreds of new jets erupted as foreign carriers clamoured for increased access to the fastest-growing economy in the world. Since India’s flag carrier was sold to the… Read More ›
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