The Federal Communications Commission’s chair, Jessica Rosenworcel, said on Thursday that the organization’s proposal to reinstate net neutrality rules may give it more power to compel the removal of hardware made by Chinese firms Huawei and ZTE from American networks,… Read More ›
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With A $500 Sneaker, Adidas Pushes The Upper Limit Of The Running Market
The brand-new Adidas running shoes, which Ethiopia’s Tigist Assefa wore on Sunday to break the world record for a women’s marathon in Berlin, went on sale on Tuesday. However, the price will undoubtedly dampen the enthusiasm of casual runners. Since… Read More ›
China’s Industrial Profits Continue To Fall From January To August, But The Rate Of Decline Slows
Profits for Chinese industrial companies continued to decrease by double digits for the first eight months, although the rate of declines slowed marginally as a flurry of policy support measures began to stabilise certain aspects of the sputtering economy. In… Read More ›
Imports From Three More Chinese Firms Claimed To Be Linked To Forced Labour Restricted By The United States
In an effort to remove products created using the forced labour of Uyghur minorities from the U.S. supply chain, the United States on Tuesday barred imports from three additional Chinese enterprises. According to a government posting, three new companies have… Read More ›
Evergrande Debt Setback And Oceanwide Blow Send China’s Real Estate Equities Tumbling
On Monday, a further roadblock to troubled developer China Evergrande Group’s protracted debt restructuring plan revived concerns for China’s crisis-hit real estate market and caused a stock sell-off. Investor worries were heightened by developer China Oceanwide Holdings’ disclosure in an… Read More ›
In China, Incumbents Are Under Pressure As A Result Of The Price War On e-Commerce
According to analysts, discount e-commerce is expected to rule the world during the crucial forthcoming Christmas shopping season in the West and Singles’ Day in China. Platforms in China, the largest e-commerce market in the world, have recently spoken of… Read More ›
State-Owned British Business Bank Has An Annual Loss Of £147 Million
The government-owned British Business Bank (BBB) has swung to a pre-tax deficit of almost £147 million annually. The lender for economic development claims that broader economic issues caused a decline in the value of the companies it has invested in…. Read More ›
Advisor To China’s Central Bank Suggests Fundamental Changes To Boost The Economy
According to an adviser of the Chinese central bank, China has little room for more monetary policy easing and should focus on structural changes like supporting businesses rather than relying on macroeconomic measures to boost GDP. Beijing’s ability to ease… Read More ›
Island Nations Criticize Wealthy Nations For Their Climate Inaction At The UN Assembly
At the UN General Assembly this week, island nations facing the brunt of climate change’s effects challenged wealthy nations, claiming their survival was at peril because industrialised nations were not acting quickly enough. “There are many amongst us, the small… Read More ›
The Euro Zone’s Economy Probably Shrank This Quarter
A study revealed that the euro zone economy is likely to fall this quarter and won’t soon resume growing as the dampening effect of central banks’ protracted campaign of interest rate increases becomes more apparent. S&P Global’s HCOB Flash Euro… Read More ›