English News 金融经济

(即时多来源) 英语商业要闻（Rolling) English Business News

2023年3月15日

广告

Alpilean 是一种纯天然减肥补充剂，旨在帮助个人自然减肥。试一下 Alpilean

Bargain hunters visiting supermarkets four times a week

Research suggests people are visiting the shops more often as they search for deals.

Is Empowering Corporate Women Enough?

Turmoil at Chief, a women’s networking organization, raises a long-simmering question: Is amassing power for corporate women a worthy goal in itself?

Silicon Valley Bank’s Risks Went Deep. Congress Wants to Know Why.

Lapses at the bank will be a focus as a top Federal Reserve official testifies to House and Senate committees this week.

Dollar General Is Deemed a ‘Severe Violator’ by the Labor Dept.

Since January 2017, OSHA has cited the company for 111 instances of workplace safety violations and imposed more than $15.5 million in penalties.

William Hill let new customer bet £23,000 in 20 minutes

Gambling firm hit with record £19m penalty for failing to protect customers and weak anti-money laundering controls.

Taskforce on Nature-related Financial Disclosures releases final draft of ecological risks reporting framework, as biodiversity gains importance among investors, firms

The Taskforce on Nature-related Financial Disclosures has released the final draft of its framework for companies to report ecological risks that could impact their businesses.

No Longer at Starbucks Helm, Howard Schultz Is the Focus at Labor Hearing

After giving up the chief executive’s job (again), Mr. Schultz still casts a long shadow over Starbucks’ policy, not least in fighting unionization.

China’s Cities Are Buried in Debt, but They Keep Shoveling It On

China has long pursued growth by public spending, even after the payoff has faded. Cities stuck with the bill are still spending — and cutting essential services.

Elon Musk: Twitter boss announces blue tick shake-up

Only paying users will have their content recommended and be allowed to vote in polls from 15 April.

U.S. and Japan Reach Deal on Battery Minerals

While the terms of the deal are limited, the agreement appears to provide a model for resolving recent trade spats between the United States and some of its closest allies.

After Doling Out Huge Loans, China Is Now Bailing Out Countries

Beijing is emerging as a new heavyweight in providing emergency funds to debt-ridden countries, catching up to the I.M.F. as a lender of last resort.

Binance Is Hiding U.S. Crypto Trading Activity, Regulator Says

The Commodity Futures Trading Commission wants to permanently bar the cryptocurrency exchange and its founder from commodities markets.

Fed Vice Chair Calls Silicon Valley Bank a ‘Textbook Case of Mismanagement’

The Federal Reserve’s top bank cop blamed Silicon Valley Bank’s leaders, while previewing the cental bank’s review of its faulty oversight.

China tourism: domestic flights surpass pre-pandemic levels, and international bookings soar

Major Chinese economic hubs are already seeing more flights than during the same period in 2019, and others such as Beijing are not far behind.

Fox News Fires Abby Grossberg, the Producer Who Accused the Network of Coercion

The producer, Abby Grossberg, has said the network pushed her to give a false deposition in a $1.6 billion defamation lawsuit.

United Auto Workers Usher In New Era of Leadership

Shawn Fain, who ousted the incumbent president, is presiding over a convention to chart the union’s approach in contract talks this year.

Gladys Kessler, Judge Who Curbed Deceptive Tobacco Ads, Dies at 85

In a landmark case, she ruled in 2006 that cigarette companies had been deceiving the public about the health hazards of smoking, violating racketeering laws.

Binance accused of breaking US financial laws

US regulators seek a ban on the crypto platform as they ramp up their regulation of the industry.

Kamala Harris Looks to Deepen Relations With Africa Amid China’s Influence

In a weeklong trip to Ghana, Tanzania and Zambia, the vice president will face a balancing act as she tries to foster a collaborative U.S. relationship.

Virgin Orbit extends unpaid pause as Brown deal collapses, 'dynamic' talks continue

The company's late-stage deal talks, including with private investor Matthew Brown, collapsed over the weekend, people familiar with the matter told CNBC.

Civil servants to strike in April

The PCS union said 130,000 members voted to strike on 28 April in a continued row over pay, pensions and job security.

First Citizens to Acquire Failed Silicon Valley Bank From FDIC

Banking regulators, which announced the deal late Sunday, had been looking for a buyer since seizing control of the failed bank.

NFT: Plans for Royal Mint produced token dropped by government

Plans for a government-backed digital token, ordered to be created by Rishi Sunak, have been axed.

Global Economy May Be in a ‘Lost Decade,’ World Bank Warns

Adding to crises like the pandemic, recent stress in the banking system is a new threat to world growth, experts at the organization said.

Disney layoffs will begin this week, CEO Bob Iger says in memo

Disney CEO Bob Iger notified employees in a memo that job losses will begin this week.

Silicon Valley Bank’s Collapse Chills Start-Up Funding

Two weeks after the bank failed, the fallout has hit the start-up market as investors pull back further and fear has risen.

Chipotle to pay ex-employees $240,000 after closing Maine location that tried to unionize

Chipotle Mexican Grill has agreed to pay $240,000 to the former employees of an Augusta, Maine, location that tried to unionize.

Markets Climb as Silicon Valley Bank Finally Finds a Buyer

First Citizens agreed on Sunday to acquire the failed lender’s retail operations. Will the move convince investors that recent turmoil in the sector is over?

People Started Buying Crocs During the Pandemic. They Can’t Stop.

While other brands that thrived with customers in quarantine have dropped off, sales of the easily slipped-on clogs are up nearly 200 percent since 2019.

As Banking Worries Swirl, Europe’s Policymakers Express Confidence, With Caution

Officials say eurozone lenders are strictly supervised and continue to be strong. But at a recent conference, wariness about the future remained.

Have AI Chatbots Developed Theory of Mind? What We Do and Do Not Know.

Some researchers claim that chatbots have developed theory of mind. But is that just our own theory of mind gone wild?

Heathrow strike forces BA Easter flight cancellations

The move is due to a planned 10-day strike by some Heathrow security workers in the Unite union.

The digital media rollup dream is dead for the moment — now it's all about core brand strength

BuzzFeed, Vice, Vox Media and Bustle Digital Group are sharpening their focus to enhance core strengths.

Silicon Valley Bank: Collapsed US lender bought by rival

The collapsed lender was seized by US regulators after a run on the bank.

Jet Shook, Killing Dana Hyde, After Pilots Shut Off Key System, Report Says

Dana Hyde sustained fatal injuries during the flight in New England after pilots turned off a switch that controls a stabilizer function in the aircraft, a preliminary report said.

Meet the Xi Jinping Loyalist Now Overseeing China’s Economy

He Lifeng’s long career in government has spanned the extremes of China’s approach, from the early embrace of small business in the 1980s to today’s tighter state control.

Outrage at new project for firm behind P&O sackings

DP World has been chosen to run a new freeport, despite having sacked 800 workers without notice last year.

China’s yuan needs ‘bold breakthroughs’ to make inroads as an international currency: economist

Prominent Chinese economist says banking authorities should implement a progressive tax on cross-border capital flows to guard against external risks that can slow the pace of financial liberalisation.

British Gas, Scottish Power and Ovo dominated forced meter installations

British Gas, Scottish Power and Ovo made up 70% of all forced installations last year, the government says.

Millions to get next cost-of-living payment from April

From 25 April, millions of households on low incomes will get cost-of-living payments eventually worth £900.

Jack Ma: Alibaba founder seen in China after long absence

The 58-year-old reportedly visited a school that he founded in his hometown of Hangzhou.

Mark Mobius still keen on investing in China after recent hiccup, but wants Beijing to relax capital controls

Investment guru Mark Mobius, who earlier had expressed concerns about China’s capital controls, said that while he continues to be bullish on the country, it would be far more attractive to foreign investors if it eases up on investment flows.

Elon Musk: Twitter says parts of source code leaked online

Elon Musk has also reportedly indicated Twitter is now worth less than half the amount he paid for it.

The Banking Industry’s Go-to Crisis Adviser

Rodge Cohen is one of the most influential people behind the scenes of cleaning up the banking crisis.

Gordon E. Moore, Intel Co-Founder Behind Moore’s Law, Dies at 94

His prediction in the 1960s about rapid advances in computer chip technology charted a course for the age of high tech.

‘Hong Kong back in business’ and will benefit from China’s post-Covid growth, Standard Chartered chair Jose Vinals says

Standard Chartered will continue to expand in the city and mainland China in the coming years to cash in on the strong growth expected in the post-Covid era, chairman Jose Vinals said.

China urged to build stronger supply chain role like Apple to counter US decoupling

No country, not even superpowers US and China, could build a completely self-sustained supply chain, former Chinese commerce vice-minister says.

Twitter Says Parts of Its Source Code Were Leaked Online

The leak adds to the challenges facing the Elon Musk-owned company, which is trying to identify the person responsible and any other people who downloaded the code.

The web firm that wants to stop you getting 'cancelled'

Website and app Rumble says it offers an uncensored rival to the likes of YouTube and Twitter.

Cost of living: What are your rights as a tenant when you're renting?

With one in five people now renting in the UK, it's important to understand your rights as a tenant.

Warning big infrastructure projects moving too slowly

The National Infrastructure Commission says the government's approach to big projects is "off track".

Little Lionsgate Soars to the Top With John Wick Ticket Sales

“John Wick: Chapter 4” took in roughly $73.5 million on its opening weekend, a rare phenomenon this far into a series.

Elon Musk Values Twitter at $20 Billion

The billionaire bought the social media company for $44 billion in October and took it private.

What It’s Like to Become a Caregiver to Your Parents in Your 20s

Many adult children end up caring for their parents late in life. But when the role reversal happens in their 20s and 30s, the burden can feel too much to bear.

UK is poorer as a country, says Michael Gove

The levelling up secretary blames war in Ukraine and pandemic, but denies government is at fault.

At Apple, Rare Dissent Over a New Product: Interactive Goggles

The company is expected to unveil an augmented reality headset in a few months. Some employees wonder if the device makes sense for Apple.

John Lewis: Ex-boss says changing ownership model would be a tragedy

Andy Street says the department store chain should not change its staff ownership structure.

We’re open for business, China says in renewed pledge to open markets

In his debut as vice-premier, Ding Xuexiang tells economists and executives the country will expand external access to the economy.

The Week in Business: TikTok in the Hot Seat

The Fed raised interest rates, even as some banks continued to find themselves on shaky ground. The A.I. race is on. And a new inflation reading is coming.

Shrinking food stamp benefits for families mean yet another challenge for retailers

For retailers like Kroger, Walmart and Dollar General, the decline in SNAP dollars will put pressure on discretionary sales.

The Lure of the ‘Made in America’ Sales Pitch

Geopolitics forced an entrepreneur, Taylor Shupe, to bring jobs back from China. It’s helping sell his meme-inspired socks too.

Ovo launches energy deal below government price cap

The supplier launches 12-month tariff of £2,275, as falling gas prices finally start feeding through to bills.

Esther Perel’s Business Is Your Business

She is podcasting-famous, considered a “crossover breakthrough artist” by other therapists — and still trying to both see patients and conquer new platforms.

Historic UAW election picks reform leader who vows more aggressive approach to auto negotiations

The union's new leader will be Shawn Fain, a member of the "UAW Members United" reform group and local leader for a Stellantis parts plant in Indiana.

President Is Ousted in United Auto Workers Election

Shawn Fain, an insurgent, edged Ray Curry after calling for a harder line in contract talks. The union has been dogged by corruption scandals.

Germany and E.U. Agree to Exception in Planned Ban on Combustion Engines

Berlin has been pushing to allow the sale of vehicles running on synthetic fuels past 2035. Its dispute with the E.U. threatened the bloc’s climate goals.

Chinese Foreign Minister Qin Gang assures US business leaders of Beijing’s support

At meeting in Beijing, Chinese Foreign Minister Qin Gang said China will continue to provide a better business environment for foreign companies, including US firms, despite the present chill in relations.

Energy firms call for windfall tax to fall with prices

It comes ahead of a package of measures on energy security, which the BBC understands will be announced on Thursday.

The Rise of Exclusive, Application-Only Gym Memberships

A new crop of luxury gyms requires referrals, interviews and even, in some cases, medical evaluations. And that’s before paying a monthly fee of up to $2,750.

3 reasons why China and Brazil are looking to deepen trade ties, and where they might compete

Brazilian President Luiz Inácio Lula da Silva will meet Chinese President Xi Jinping next week in Beijing, where the leaders are expected to discuss expanding trade and economic ties.

Inside a $218 million private island in Palm Beach — Florida's most expensive home for sale

Developers built a brand new house on Tarpon Isle, turned the existing structure into a guest house, and added a giant pool, tennis courts and other amenities.

China seeks foreign investors with ‘long-term vision’, senior economic official says

Han Wenxui, a senior figure in the Central Financial and Economic Affairs Commission, tells a forum that the country is committed to opening up

Why there may be no return to 'normal' for the U.S. used vehicle market

A notable decline in used vehicle prices toward the end of last year has been roughly cut in half in 2023, as inventories remain lower and prices are high.

More women become truckers as the industry tries to overcome a shortage of drivers

Women made up almost 14% of professional drivers in 2022, according to Women In Trucking, and some are joining the industry from medicine and education.

When Your Career, and Retirement, Are the Family’s Business

Succession plans, or the lack thereof, can hinder the transition to a new generation — and affect how loved ones fund their later years.

China population: primary and kindergarten enrolments tumble as the country’s record low birth rate hits home

China recorded 46.3 million kindergarten and preschool enrolments last year, down 1.7 million from 2021, official data shows, highlighting the early consequences of a record low birth rate.

Do Kwon, Crypto Fugitive, Led a Very Public Life While on the Run

Do Kwon, the founder of the failed crypto company Terraform Labs, is facing charges by the authorities in both South Korea and the United States.

The Fed Has Targeted 2% Inflation. Should It Aim Higher?

After raising interest rates again, the Federal Reserve will soon have to consider how much pain it is willing to inflict in its fight against inflation, our columnist says.

Jacqueline Gold, 62, Dies; Executive Tapped Into the Female Libido

She made Britain’s Ann Summers shops a thriving source of lingerie and sex toys and became a role model for female entrepreneurs.

China debt: local financing vehicles scale back funding amid Beijing’s risk reduction drive

Some local government owned enterprises in China have begun pulling back from funding regional projects in response to a campaign from Beijing to curb implicit liabilities, amid fears of financial contagion.

Bond Trading May Be Sending a Recession Warning

Wild swings in the Treasury market are unlike anything many investors today had seen. They’re also potentially warning of a recession.

John Lewis: Mary Portas warns retailer it has 'let go' of its soul

In an open letter the retail consultant says the store is "part of our collective cultural identity".

Space companies Spire and Momentus get stock exchange delisting warnings

Spire and Momentus received delisting warnings on Friday, according to securities filings, as both ventures' stock prices stood below $1 a share.

Support Grows to Have Russia Pay for Ukraine’s Rebuilding

Although U.S. officials have cautioned against seizing Russia’s reserves in foreign banks, others say it’s “crazy” not to after Moscow’s war of aggression.

Rocket Lab targets $50 million launch price for Neutron rocket to challenge SpaceX's Falcon 9

Rocket Lab is targeting a $50 million launch price for its coming reusable launch vehicle called Neutron, to challenge Elon Musk's SpaceX.

Secondhand resale is getting cutthroat as platforms such as Depop and Poshmark boom

The consumer culture on indie reselling platforms has shifted as more sellers compete to capture demand and more inflation-weary customers hunt for deals.

This LA mansion is staring down an April 1 deadline before the seller loses millions

A new, local mansion tax takes effect in Los Angeles next month, levied upon a seller of any real property that trades for $5 million or more.

Blue Origin says an overheated engine part caused last year's cargo rocket failure

Jeff Bezos' space company Blue Origin released findings from an investigation into the failed flight of a cargo mission last year.

Millennials plan to stick with online shopping even as stores rebound, new survey finds

While the early part of the pandemic saw an unprecedented online shopping boom, eager shoppers have been returning to reopened stores.

LG Will Spend $5.5 Billion on a Battery Factory in Arizona

Investment plans for U.S. battery production have increased since President Biden signed a law that offers generous incentives for electric cars and green energy.

U.S. Due Diligence Firm Says China Detained Its Employees

Five Chinese nationals were taken away Monday, and the company, which does corporate investigations, and its law firm have been unable to contact them.

China Denies Pressuring Companies Like TikTok to Spy on Users

The Foreign Ministry rebuffed claims by U.S. lawmakers that TikTok could be a tool of surveillance for the Chinese government.

TikTok’s C.E.O. Struggles to Make His Case in Washington

Lawmakers interrogated Shou Chew over the video app’s ties to the Chinese government in a hearing that suggests the company’s problems are far from over.

Say Goodbye to Daily Hotel Room Cleaning

The pandemic put a pause on many hotels’ guaranteed once-a-day cleanings. Now many of them are making the change permanent, even saying guests prefer it.

Amazon Union Gets Favorable Finding on Warehouse Access for Organizing

Federal labor regulators said that Amazon had illegally barred off-duty employees from work sites and that the policy was aimed at union backers.

Luminar CFO defends lidar maker's pricing and revenue in the wake of a Goldman downgrade

Luminar's shares have fallen 16% since the downgrade. Now, the company's CFO is taking his rebuttal directly to shareholders.

California’s Plan for Cheaper Insulin Collides With Big Pharma’s Price Cuts

The state awarded a $50 million contract to produce less costly treatments, but moves by major suppliers might undercut the initiative before any new product emerges.

Chewy and Petco earnings make it clear: Pet health care is their future

Chewy and Petco have bet big on pet health care, which could be the key to long-term success.

China ups US corn purchases at start of 2023 following record agricultural imports last year

China has bought 4.39 million tonnes of US corn this year, compared to 6.36 million tonnes over the same period in 2022, while also recently boosting purchases from Brazil to offset the impact of the Ukraine war and to ensure food security.

Banks Are Borrowing More From the Fed: What to Know

As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.

Ford plans to build 500,000 EVs annually at its $5.6 billion Tennessee campus

The first and only product to be announced thus far for the plant is a next-generation electric truck, which Ford has codenamed "T3," short for "TrustTheTruck."

China investment gets a soft sell as authorities cajole and charm visiting foreign executives

Procter & Gamble, Amway, private equity firms, petrochemicals and food packagers reflect the diverse range of multinationals being buttered up in China’s major economic hubs that are eager to attract foreign direct investment.

These Devices Sickened Hundreds. The New Models Have Risks, Too.

Duodenoscopes — tubular cameras threaded into the intestine — with disposable parts were supposed to be safer. But the parts can fall off in the body, the F.D.A. warned.

Young moviegoers are more likely to pay more for good seats in theaters, new survey says

Young moviegoers don't mind paying extra fees to see films on the big screen, if it means they get to sit in the best seats in the house, a new survey says.

The Younger Brother Caught in the Middle of the FTX Investigation

The collapse of Sam Bankman-Fried’s business empire has led federal prosecutors to scrutinize his brother, Gabe, who ran a pandemic-prevention group.

China-Russia trade surge lifts yuan use, but Russians would ‘give right arm’ for US dollars

Russia’s economy has been hit by Western sanctions, resulting in an increased use of the yuan as part of a surge in trade, but analysts said it will not help significantly internationlise the use of the currency.

‘Train Daddy’ Andy Byford to Join Amtrak

Mr. Byford, whom transit riders nicknamed “Train Daddy” and credited with improving an antiquated system, will run Amtrak’s new high-speed rail development program.

Crewless container ships appear on the horizon

Autonomous container ships are undergoing trials with crewless voyages planned in the next two years.

Ex-Morgan Stanley advisor charged with defrauding NBA players out of millions

Darryl Cohen is facing three different counts of fraud, which could amount to 20 years in prison.

As Zelensky Visits Kherson, World Bank Says Ukraine Needs $411 Billion to Rebuild

The bank released a significantly higher figure as European Union leaders approved plans to provide Kyiv with one million artillery shells over the next 12 months.

Crypto Fugitive Do Kwon Is Arrested in Montenegro, Authorities Say

Mr. Kwon, the entrepreneur behind the failed TerraUSD and Luna cryptocurrencies, was arrested earlier in Montenegro.

China’s post-Covid performing arts scene is poised for ‘explosive growth’ in concerts and festivals

China’s performing arts industry is showing signs of recovery after a massive wave of coronavirus outbreaks rattled the country late last year, while Beijing this week dropped curbs on visits by foreign performers.

Lidar maker Ouster dips as quarterly losses widen, but CEO sees savings in Velodyne merger

Ouster is on track to realize the benefits of its merger with Velodyne, completed in February. But its pre-merger Q4 results fell short of expectations.

N.J. deli stock fraud defendant behind bars as feds reveal he renounced U.S. citizenship

Three men, including Peter Coker Jr. and his dad, are accused of pumping up the stock price of a New Jersey deli-owning company once valued at $100 million.

How Ford plans to turn a profit on EVs in under four years

Ford forecast a drastic turnaround for its electric vehicle unit, reiterating that it expects its EV business to be solidly profitable by the end of 2026.

Short Seller Accuses Jack Dorsey’s Block of Facilitating Fraud

Shares of the financial tech company plunged after Hindenburg Research said Block had failed to stamp out illegal activity on its platforms, including drug sales and sex trafficking.

Stocks Are Turbulent as Wall St. Weighs Fed’s Future Moves

Investors remain preoccupied with the health of banks as interest rates rise, putting balance sheets under pressure.

Movie theater stocks pop after report says Apple plans to spend $1B a year on releases

The investment is part of Apple's plan to raise its profile in Hollywood.

Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.

Jerome H. Powell has said that snarled supply chains, an oil shock following Russia’s invasion of Ukraine and shifts among American consumers are primarily behind rapid price growth.

Walmart lays off hundreds of workers at e-commerce facilities

Walmart joins a growing list of retailers, including Amazon and Target, that are cutting costs.

Starbucks shareholders to vote on proposals for labor probe, succession planning

New Starbucks CEO Laxman Narasimhan will lead the company's shareholder meeting just days after his transition to the role.

TikTok's ad business is growing around live sports as platform faces possible U.S. ban

Brands like State Farm and T-Mobile are putting a bigger emphasis on advertising on TikTok.

Investing in Space: The latecomer

A small group of Virgin Orbit employees are rolling back into the company's Long Beach, California, headquarters today.

China-Russia relations: Xi Jinping and Vladimir Putin meeting raises risk of more US sanctions, analysts say

Chinese firms could face more sanctions if US-China relations worsen following President Xi Jinping’s meeting with Vladimir Putin this week, in which the two leaders reaffirmed their countries close ties.

How China’s yuan stands to gain with US Federal Reserve’s monetary tightening ‘coming to an end’

US Federal Reserve has been gradually raising interest rates for the past year to combat inflation, prompting Beijing to repeatedly warn of global financial risks.

Ford's EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units

The financials are the first detailed look at EV profitability as Ford unveils a new financial reporting structure.

China Premier Li Qiang hones in on advanced manufacturing, calls for action at ‘important juncture’

New Premier Li Qiang visited China’s southern Hunan province this week, visiting companies including electric car maker BYD and promising to create a business-friendly environment, while also pinning his hopes on entrepreneurs.

China’s billionaire population drops: super-rich suffer as stock losses, yuan depreciation knock 229 off Hurun Global Rich List

Sliding stocks and a depreciating yuan hit the country’s super-rich harder than their peers in any other nation in the last year, according to a new list published by Hurun Report.

China economy: 5 issues, from housing to population, that are likely to feature in Xi Jinping’s fact-finding campaign

Economic issues will feature prominently in China’s nationwide fact-finding campaign, including challenges to domestic demand, tech self-reliance, support for private and foreign investors, housing and jobs.

US firms 'more negative' about doing business in China

Five years since the trade war started, American firms seem less inclined to invest in China.

China population: city dangles free high school education for third child amid birth rate crisis

A city in China’s Shandong province is offering free high school for the third child in a family, as authorities across the country roll out a variety of incentives for couples to have babies amid a record-low birth rate.

China, Russia gas-pipeline statements raise questions on Power of Siberia 2 progress

Russian President Vladimir Putin says agreement with China and Mongolia to build Power of Siberia 2 natural gas pipeline is ‘practically’ finalised, but analysts say Beijing may be looking to curb geopolitical risks as it shores up energy security.

Beijing and Xian are latest Chinese cities to offer cash subsidies on EV purchases, after price cuts by carmakers fail to drive up sales

The total number of provincial governments that are offering subsidies to EV buyers has grown to 14 since January, and includes major carmaking centres such as Shanghai, Jilin and Tianjin.

China food security: domestic seed industry plagued by lack of innovation, officials warn

China’s domestically produced seeds of corn and soybean are ‘more than 20 years behind’ the United States in terms of yields, Hubei officials say.

Sidemen manager: 'I cut out alcohol to succeed'

Jordan Schwarzenberger talks about his attitude to alcohol in the workplace for our CEO Secrets series.

What is the trade, investment relationship between China and Russia?

President Xi Jinping has made his ninth visit to Moscow, meeting with Russian counterpart Vladimir Putin, and economic cooperation is expected to be further strengthened after a surge in bilateral trade last year.

Can China’s rebound save the global economy?

As China sees demand return and economic activity pick up, the rest of the world is experiencing a slowdown thanks to inflation-fighting policies. While a rise in Chinese consumption may boost global growth, changing the trajectory of the global economy is a tall order.

China trade: Xinjiang’s US exports down 90 per cent in February, 8 months after ‘forced labour’ law came into effect

Exports from China’s Xinjiang Uygur autonomous region to the US dropped by almost 90 per cent in February, eight months after the Uygur Forced Labour Prevention Act came into effect.

‘Two sessions’: China has shown its eagerness to do business and engage with the world

The signs are there: a pro-business cabinet, a big welcome for foreign investment and a big push for diplomacy, connectivity and sustainability. For many international companies, China will still be a major growth driver this year.

As Mongolia diversifies economy away from single markets like China, prime minister courts global investors

Sandwiched between superpowers, Mongolia is in a precarious geopolitical position, and Prime Minister Luvsannamsrain Oyun-Erdene says Russia and China ‘totally understand and highly appreciate’ this.

‘I left teaching to train as a heat pump engineer’

Heat pumps could radically cut household CO2 emissions, but there's a shortage of qualified installers.

China battens down the hatches as financial risks mount at home and abroad

While major financial troubles have eluded China in the last two decades, Beijing’s concerns over the possibility of a financial crisis have grown, as revealed in its new regulatory framework.

China-Australia relations: Chinese buyers snap up more coal as diplomatic relations thaw

Chinese imports of Australian coal are still far below the level they were before diplomatic ties plummeted in mid-2020, but there is ‘renewed interest’ among Chinese buyers, analysts say.

China must ‘tolerate failure’ in science and tech to close gap with US, by reforming risk-averse research environment

Allowing academics and scientists more time to conduct high-risk but potentially groundbreaking research is critical to achieving self-reliance, experts say.

Taiwan exports to India keep rising as rest of world orders less

But Taiwan’s global export orders saw a year-on-year decline of 18.3 per cent last month, valued at US$42.12 billion

HSBC to open Ocean Centre, Causeway Bay branches 7 days a week to tap rising mainland Chinese demand for accounts

HSBC will keep three branches open on weekends in hotspots frequented by mainland Chinese tourists to attract more new account openings.

Are romance authors at risk from book-writing chatbots?

As AI-powered chatbots can now write fiction, human authors may have unwanted competition.

SVB collapse: US rate hikes raise risks for banks, emerging markets, top Chinese officials warn

Silicon Valley Bank’s (SVB) fate shows how financial institutions may fail to adapt to ‘tightening cycle’, People’s Bank of China deputy governor Xuan Changneng tells a forum in Beijing.

Car-charging and dog hotels: Seven perks to lure you to the office

Companies are trying a variety of incentives to lure staff back to the office.

After China’s ‘two sessions’, here are 8 areas in which Beijing will have its work cut out

From real estate and infrastructure to e-commerce and self-sufficiency, China’s policymakers have a range of hot-button issues on their plate this year.

China’s State Council’s first meeting looks to private sector and foreign investment as part of economic plans

Premier Li Qiang told a meeting of the new cabinet that they should continue to open up the country and further reform state-owned enterprises.

Chinese tourists unwilling to pay extra for sustainable travel options even as concern about climate change on the rise, McKinsey and Trip.com report says

Chinese travellers are increasingly concerned about climate change but are still not ready to pay extra for sustainable travel, according to a recent report by McKinsey and Trip.com.

China’s financial overhaul brings more power to the party, with US$58 trillion in assets at stake

Beijing’s sweeping directive is seen ushering in a new era for Chinese financial regulators, and perhaps for foreign investors, as policymakers move to address financial security and challenges ahead.

For itself and China, Hong Kong’s only recipe for success is to be a truly international city

Hong Kong must strengthen its global links, lead the Greater Bay Area integration and educate our young into tomorrow’s pioneers of innovation. It is high time Hong Kong thought more comprehensively about China’s needs, and what we can bring to the table.

Durian from China? Hainan gears up for first harvest of Southeast Asia’s ‘king of fruits’

China is gearing up for the harvest of its first domestic durian crop this summer after more than four years of cultivation, but analysts do not expect the local industry to challenge Southeast Asian exports.

China’s Xpeng expects lower deliveries amid weak demand for premium cars, posts wider loss for fourth quarter of 2022

Guangzhou-based Xpeng has forecast a fall in deliveries for the first quarter of this year, in the latest sign that mainland China’s automotive market has hit a speed bump due to weak consumer demand.

US-China trade ‘becoming less directly interdependent’ amid decoupling despite ‘misleading’ data

US exports to China increased last year, but the data is ‘misleading’ according to the Peterson Institute of International Economics and the ‘two economies are becoming less directly interdependent’.

China releases US$72.6 billion of liquidity with cut to banks’ reserve requirement ratio

China’s central bank announced on Friday a cut to the amount that banks set aside for deposits by 25 basis points, vowing to keep monetary policy ‘targeted and powerful’ to support the economy.

China’s US$21 trillion bond market limps back to normal as real-time data-feed ban is lifted

China’s onshore bond traders were once again able to access bond data feeds on Friday, after a sudden regulatory ban earlier this week roiled the nation US$21 trillion bond market.

China jobs: Beijing urged to reform vocational education and end discrimination to plug skilled worker gap

China must tackle long-held perceptions that technically skilled jobs are inferior and ensure vocational training meets changing trends if it wants to be at the cutting-edge of manufacturing, according to lawmakers and policy advisers.

'A village's goodwill saved me from life on the streets'

A new report has found that rough sleeping and homelessness has increased across the English countryside

The revolution underway in India's diamond industry

India's long history with diamonds enters a new chapter as lab-grown versions of the gem take off.

How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’

Trade tariffs against China may have spurred US firms into diversifying supply chains, but US consumers are paying more for certain goods, says the US International Trade Commission.

China’s Xi Jinping says Ukraine war has shown the ‘extreme importance’ of food security

Chinese President Xi Jinping has warned that lessons must be learned from the food market turbulence caused by the Ukraine war, saying agriculture is a ‘national security issue of extreme importance’.

China’s home prices rise for first time in 18 months as supportive measures restore some confidence

The average price of a new home in 70 medium and large cities edged up 0.3 per cent in February, as favourable government policy restored some confidence to the beleaguered market.

Sign Aussies feeling cost of living pinch

Experts have called new data on the mental health and cost of living crisis “a wake-up call”, with reports revealing almost half of the nation is experiencing elevated distress.

[xyz-ihs snippet=”GoodAD300x100″]

158 views