Strict action was taken against “unhealthy” online fan groups by Chinese internet and media regulators even as supporters of pop star Kris Wu flooded Chinese social media platforms to claim that innocence of the singer and to defend him against… Read More ›
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 ›
A rebound in demand for its adhesives and its dermatological brands helped Nivea maker Beiersdorf to report sales that were higher than before the pandemic with the stocks of the company rising by more than 5 per cent during early… Read More ›
The spread of the highly transmissible delta variant of the novel coronavirus could pose a threat to the hard-won gains in fighting Covid-19 that the world has achieved so far, warned the World Health Organization on Friday but added that… Read More ›
Following expectation beating revenues for the first six months of the current year, Italian fashion group Prada forecast continued growth in sales for the he second half of the year as the luxury brand continued to recover from the hit… Read More ›
The euro zone economy put off a Covid-19 pandemic induced recession in the second quarter as it grew faster than expected with the easing of restrictions and curbs to stop the spreading of infections. However the inflation shot past… Read More ›
On Friday, in a statement Allianz said, its local Chinese asset management business has received regulatory approval, marking the first wholly foreign-owned insurance asset management company in the country. Foreign financial institutions are eager to expand their onshore footprint in… Read More ›
In a significant development U.S. President Joe Biden warned that Washington could end in a “real shooting war” with a “major power” in the event of a significant cyberattack on the United States. The warning comes in the wake of… Read More ›
Following the revelation of that the e-retailer Amazon.com about it hiring an expert in the field of cryptocurrencies, the value of some cryptocurrencies surged. The company put out an advertisement for a “digital currency and blockchain product lead” to look… Read More ›
In a statement, a spokesperson for Swiss banking giant Credit Suisse said, the bank has reached an out-of-court settlement with former star banker Iqbal Khan over allegations of spying that led to the resignation of its CEO Tidjane Thiam. “Everybody involved… Read More ›
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