On Friday, ride-hailing giant Didi Global said, it will delist from the New York Stock Exchange and pursue a listing on the Hong Kong Stock Exchange following increased pressure from Chinese regulators. Earlier this year in July Didi had pushed ahead… Read More ›
In a significant development, Honduran president Xiomara Castro said, the incoming government does not plan on establishing diplomatic ties with China as it prioritizes U.S. relations, signaling a reversal of her pre-election stance. Castro appears to have won the country’s… Read More ›
Payments company Square Inc, led by former Twitter CEO Jack Dorsey has changed its name to Block Inc, underscoring that it looks to expand beyond its payment business into new technologies including blockchain. While the name “Square” had become synonymous… Read More ›
The United States and the European Union are scheduled to issue a “robust” joint statement after emerging from a meeting on Thursday on their approach to China underscoring a convergence on the challenges posed by Beijing, said a senior U.S…. Read More ›
In a significant development, the Women’s Tennis Association (WTA) announced the immediate suspension of all tournaments in China following concerns on the well-being of former doubles world number one Peng Shuai and the safety of other players. The decision by… Read More ›
Elon Musk is frustrated with SpaceX’s slow progress in creating the Raptor engines that will propel its Starship rocket. In a companywide email sent the day after Thanksgiving, he portrayed a terrible scenario, a copy of which was obtained by… Read More ›
Amazon.com Inc’s cloud computing business unveiled two new bespoke processing processors on Tuesday, aiming to help customers save money they expend on usage of the relatively costly chips from Intel Corp and Nvidia Corp. Amazon Web Services (AWS) is the world’s… Read More ›
On Wednesday, Exxon Mobil is set to brief Wall Street on its spending plans, after investors wanting to know how it will balance oil and low-carbon initiatives without compromising on their returns. Exxon Mobil, the largest U.S. oil producer, has slashed… Read More ›
Factory activity in China contracted in November following a fall in employment rates, reduced demands and rising prices weighing on manufacturers, showed a business survey the results of which were released on Wednesday. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI)… Read More ›
Global airlines are bracing for a fresh round of volatility following the emergence of yet another COVID-19 variant Omicron which is likely to force them to adjust schedules and destinations at short notice and once again force them to rely… Read More ›
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