According to a senior minister on Monday, Indonesia would seek a free trade agreement for particular minerals exported to the US so that businesses involved in the production of batteries for electric vehicles operating there can take advantage of US… Read More ›
According to the head of the International Monetary Fund, the global economy will expand at a rate of about 3% during the following five years, which will be the weakest expansion since 1990. The future, according to Kristalina Georgieva, is… Read More ›
The unexpected supply cut by OPEC and its allies sent oil prices soaring, and economists believe that big oil importers such as India, Japan, and South Korea will bear the brunt of the pain if prices reach $100 per barrel,… Read More ›
China’s economic recovery is taking longer than projected, causing Citi analysts to revise their projection for a three-month stock market rebound. Instead of June, Citi predicts the Hang Seng Index will reach 24,000 by the end of September, according to… Read More ›
The announcement of big revamping plans by Alibaba Group has been interpreted as a hint that Beijing’s regulatory crackdown on corporations is coming to an end, driving its shares higher and bolstering investor confidence in the future of Chinese digital… Read More ›
Recession concerns that had seemed to have subsided only a few weeks earlier have been re-ignited by the failure of American lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the accompanying turbulence in global… Read More ›
After spending months overseas, Alibaba founder Jack Ma has been spotted in China, possibly indicating that Beijing is warming up to technology titans once more following an almost 18-month crackdown on the industry. According to a WeChat post from the… Read More ›
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 ›
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 ›
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 ›
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