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2023年3月16日小编

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Journalist Detained by Russia Was Reporting Stories That ‘Needed to Be Told’

Evan Gershkovich, who works for The Wall Street Journal, knew the risks of reporting in Russia but felt a deep connection to the country, his friends said.

China's loans to Africa worry World Bank President David Malpass

The bank's president David Malpass says more transparency is needed when providing economic help.

Food prices: How the humble shopping list is saving us money

Soaring food prices mean some families are missing meals and desperate for deals, but preparation can help.

China trade: North Korea’s food crisis could push Pyongyang to resume cross-border flow in coming months

North Korea’s borders with China and Russia have largely been closed for three years since the outbreak of the coronavirus, limiting the amount of food it can import and placing a strain on the economy.

Council tax, water and mobile bills rise for millions

A range of bills - from council tax to water - are going up, but the lowest earners also get a pay rise.

Vince McMahon locks in two-year contract as WWE looks for buyers

WWE Chairman Vince McMahon locked in a two-year employment agreement as the company seeks potential acquisition bids.

The Value of Regional Banks

As midsized lenders have come under pressure in the wake of Silicon Valley Bank’s collapse, experts say their role in the economy must be preserved.

How Small Businesses Can Find Safety Before the Next Bank Crisis

Financial advisers recommend that business owners examine their accounts now to ensure they are protected in case of a future bank failure.

Medicare Delays a Full Crackdown on Private Health Plans

After intense lobbying by insurers, U.S. health officials say changes to reduce overbilling in Medicare Advantage will be phased in over three years.

Huawei, Pummeled by U.S. Sanctions, Reports Plunge in Profit

The company blamed the decline on pandemic lockdowns and an increase in research and development to counter restrictions on access to U.S. technology.

‘Thousands of Dollars for Something I Didn’t Do’

Because of a bad facial recognition match and other hidden technology, Randal Reid spent nearly a week in jail, falsely accused of stealing purses in a state he said he had never even visited.

Tesla and Musk Lose Ruling on Factory Union Issues

A court upheld a finding that Tesla wrongly fired a worker involved in labor organizing and that a Twitter post by Elon Musk was illegally anti-union.

With the right keys, China is still a most attractive investment option

The key is to gain a good understanding of the economy, honestly assess its potential and risks, and seek the best entry points to the market – such as Hong Kong.

Lazarus Heist: The intercontinental ATM theft that netted $14m in two hours

How criminals seemingly working for North Korea were able to plunder cashpoints in 28 countries.

China population: agricultural innovation could help boost urban workforce by tens of millions, demographers say

Reducing China’s rural workforce by 10 percentage points could lead to an increase of 78 million urban workers, according to demographer Cai Fang, with the country facing a demographic crisis caused by a declining population and a rapidly ageing society.

Fox News Suffers Major Setback in Dominion Case

A judge said the suit would go to trial, for a jury to weigh whether the network knowingly spread false claims about Dominion Voting Systems, and to determine any damages.

ChatGPT Is Banned in Italy Over Privacy Concerns

The action by Italy’s data protection agency is the first known instance of the chatbot’s being blocked by a government order.

Welcome Back to The Trump Show

A historic indictment has returned the former president and his supporting cast to the forefront of the media universe.

Top Economist Leaves White House, and an Economy Not Yet ‘Normal’

Cecilia Rouse says lingering effects of the coronavirus pandemic continue to haunt the recovery from recession — and drag on Americans’ optimism for the economy.

Here's what went wrong with Virgin Orbit

Virgin Orbit is on the brink of bankruptcy after last-ditch efforts to secure funding failed.

Judge rejects Fox motions, allows Dominion's $1.6 billion defamation suit to go to trial

The defamation lawsuit between Fox and Dominion looks to be moving forward to a trial in April as a Delaware judge rejects all of Fox's motions.

Sam Altman, the ChatGPT King, Is Pretty Sure It’s All Going to Be OK

Sam Altman sees the pros and cons of totally changing the world as we know it. And if he does make human intelligence useless, he has a plan to fix it.

The Fed’s Preferred Inflation Gauge Cooled Notably in February

A closely watched measure of price increases provided encouraging news as the Fed considers when to stop raising rates.

How the S&P 500 is Dominated By Apple and Microsoft

Investors in the S&P 500 are highly dependent on the fate of Microsoft, Apple and other big technology stocks. A rally in March showed how this can mask turmoil in the rest of the market.

How Federal Judge’s Ruling on Obamacare Could Change Health Insurance

A ruling by a federal judge this week could set up yet another Supreme Court challenge to the Obamacare health law.

Yang Bing-yi, Founder of Dumpling Empire Din Tai Fung, Dies at 96

Starting with a modest shop in Taiwan in 1958, he built Din Tai Fung into a global dumpling and noodle empire, earning a Michelin star along the way.

Has Bitcoin Benefited From the Banking Crisis? Not in the Way Its Fans Hoped.

Bitcoin’s price has soared since banks failed this month, but there’s little evidence that the surge is being driven by investors treating the virtual currency as a financial alternative.

Nikola shares sink after its $100 million stock offering priced at 20% below market

Nikola's $100 million stock offering got a cool reception on Wall Street, even with a discount.

New Rules Will Make Many Electric Cars Ineligible for Tax Credits

The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.

How a Trump-Era Rollback Mattered for Silicon Valley Bank’s Demise

An under-the-radar change to the way regional banks are supervised may have helped the bank’s rapidly growing risks to go unresolved.

Just Dept. Sues Norfolk Southern Railroad East Palestine Train Fire

The lawsuit, seeking to claw back cleanup costs under the Clean Water Act, accuses the Georgia-based rail company of putting profits over safety.

Sen. Elizabeth Warren says she wants to make banking boring again

Sen. Elizabeth Warren told CNBC that the problem started under the Trump administration, when bank CEOs lobbied for Congress to weaken regulation.

Are Big Profits Keeping Prices High? Some Central Bankers Are Concerned.

Companies’ rising profit margins could be contributing to persistent inflation, a European Central Bank policymaker says.

Social Security and Medicare Funds Still Face Long-Term Shortfalls, Report Says

Slower economic growth could mean some retirement benefits will be cut sooner than originally forecast.

‘Rust’ assistant director pleads guilty to gun charge in movie set shooting case

David Halls, the "Rust" assistant director who handled the gun that killed Halyna Hutchins in 2021, pleaded no contest to the negligent use of a deadly weapon.

Carl Icahn blasts Illumina for nearly doubling CEO’s pay despite steep drop in market value

Activist investor Carl Icahn ramped up his proxy fight against Illumina with a blistering statement.

Large ethnicity gap in real living wage, report finds

Almost a third of Pakistani or Bangladeshi workers in London are on low pay, a new report finds.

Disney blocks Ron DeSantis' Florida power play with a royal family clause

Florida Gov. Ron DeSantis' attempt to strip Disney of self-governance have been thwarted by a document that invokes the British royal family.

EV tax credit rules are about to get a lot more complicated

Rules around the sources of EV battery minerals and components will come into effect next month.

Virgin Orbit fails to secure funding, will cease operations and lay off nearly entire workforce

Virgin Orbit CEO Dan Hart gave employees an update in an all-hands meeting on Thursday, according to audio obtained by CNBC.

Virgin Orbit’s Failed Launch Is a Blow to the Company

Richard Branson’s satellite launch company, which hasn’t recovered since a January mishap in Britain, has laid off nearly all its employees.

The Future of AI: What Comes Next and What to Expect

Where we’re heading tomorrow, next year and beyond.

A Big Rover Aims to Be Like ‘U.P.S. for the Moon’

A small company, Astrolab, announced a deal with SpaceX to send a robotic version of its transport vehicle to the lunar surface and help deploy other company’s payloads.

Heathrow security guards begin 10-day strike during Easter break

More than 1,400 security officers at the UK's largest airport have begun industrial action in pay row.

Justice Department sues Norfolk Southern over toxic Ohio derailment

The Justice Department is alleging Clean Water Act violations in its lawsuit against Norfolk Southern.

Rival energy firms lose court case over Bulb sale

High Court judges dismiss a case against Octopus Energy's purchase of failed supplier Bulb.

China’s rapidly evolving digital economy spurs debate about tax, welfare system

China’s government is being urged to rethink the way it calculates key economic indicators, such as gross domestic product and the unemployment rate, to ensure they are appropriate for the modern digital economy.

Twitter’s Blue Check Apocalypse Is Upon Us. Here’s What to Know About Twitter’s Blue Check

Elon Musk, Twitter’s owner, is changing the platform’s longstanding practice of verifying accounts. That has implications for a range of users.

Is It Rude to Knit During Virtual Meetings?

An official in Wales was called out for knitting in a virtual meeting, setting off a debate over etiquette. Experts say the fine-motor movement activates the parts of the brain used for focus.

A Federal Tool Could Soon Make It Easier to Compare Credit Cards

The Consumer Financial Protection Bureau, which already provides some card details, is asking banks for more information about who qualifies for which cards.

Fox News Hosts Back Trump, After Months of Keeping Some Distance

Despite recent criticism, the network’s star personalities joined other leading conservatives in denouncing the indictment as politically motivated and a possible cause for unrest.

Conspiracy Theorists Seek Reasons for Trump Indictment on Social Media

Mr. Trump tried rallying his base as the expected indictment drew near.

Amazon workers in Coventry announce six more strike dates

Union members in Coventry say they will take action on six dates in April in a continuing pay row.

Trump’s Indictment and What’s Next

The fallout will be widespread, with ramifications for the 2024 presidential race, policymaking and more.

Past health risks from contaminated meat, says watchdog

The Food Standards Agency says it is possible buyers were at risk as it investigates mislabelling of products.

Energy bill help cut: ‘We can only work four days'

As government energy support for business falls from 1 April, firms are warning of the impact of high bills

Want to watch MLB games? Making sense of the confusing TV and streaming landscape

It costs more now than ever to be a local MLB team fan, with games spread across cable-TV packages and streaming services

China-Australia relations: Beijing paying ‘great attention’ to Australian scrutiny of investments, vice-trade minister says after meeting

China’s vice-trade minister Wang Shouwen met Tim Ayres, Australia’s assistant minister for trade, earlier this week at the request of Canberra, in the latest sign of thawing relations between the two countries.

UK-Asia trade deal to boost UK economy by 0.08%

The bloc includes nations such as Japan and Australia, but the UK's economy will only get a small boost.

UK growth confirms recession avoided in 2022

The economy performed better than previously estimated in the final three months of 2022, new figures show.

Google faces new multi-billion advertising lawsuit

The case seeks £3.4bn in compensation for publishers from the search giant.

The Fed Is Doing Too Much, All at Once

In its fight against inflation, the Federal Reserve has contributed to the bank failures and economic instability that it is now trying to fix, our columnist says.

As a Golf Course Developer, He’s Playing the Long Game

Ben Cowan-Dewar’s career has “been an overnight success story 19 years in the making.”

12 Ways to Save on Family Spring Break Travel

Like everything else these days, the cost of a family vacation is rising. With spring break season upon us, here’s how to keep costs under control.

House prices see biggest annual fall since 2009

Property prices dropped by 3.1% in the year to March, the Nationwide says.

US-China chip war: Japan plans to restrict some equipment exports

The measures, which are planned to take effect in July, follow similar moves by the US and the Netherlands.

Virgin Orbit: Sir Richard Branson's rocket company cuts 85% of workforce

Virgin Orbit will cease operations for the foreseeable future, according to media reports.

China’s economic recovery ‘on track’ as services activity hits 12-year high in March

Business sentiment in China’s services and construction sectors hit a 12-year high in March, suggesting the world’s second-largest economy “is on track” after its reopening, despite a dip in the manufacturing industry.

Trump Indictment Elicits Extensive TV Coverage, and Some Gasps

The news of the indictment of former President Trump immediately took over cable news channels and the country’s main broadcast networks on Thursday.

Food at your favorite ballpark is probably going to be more expensive

Among the areas seeing the harshest pricing pressure: ballpark hot dogs and plastic packaging.

Russia detains Wall Street Journal reporter, plans to hold him until late May

Russian authorities claimed WSJ reporter Evan Gershkovich was conducting espionage. The newspaper vehmently denied the charge.

Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank

The JPMorgan chief executive led an effort to raise $30 billion for First Republic, but no one is sure if it did any good.

DeSantis’s Oversight Board Said Disney Stripped It of Its Power

The Florida governor’s new Disney World oversight board belatedly realized that the company had quietly sidestepped its control.

Kushner Firm Got Hundreds of Millions From 2 Persian Gulf Nations

The infusion of money from interests in the two Persian Gulf monarchies reflects the close ties to Middle Eastern countries established by Jared Kushner, former President Donald Trump’s son-in-law.

Nikola announces a $100 million stock offering

Nikola plans to raise $100 million via a secondary offering, and possibly a private investment, if needed.

Biden Calls on Regulators to Increase Oversight of Certain Banks

The proposals, which would not require congressional approval, are a response to Silicon Valley Bank’s failure this month, which sent shocks through the financial system.

Elon Musk Tried to Meet With F.T.C. Chair About Twitter but Was Rebuffed

Mr. Musk requested a meeting with Lina Khan, the chair of the F.T.C., which has been investigating Twitter’s privacy and data practices.

IMF chief calls for ‘faster, more efficient’ plan for debt relief amid pressure on China to ease distress

International Monetary Fund (IMF) managing director Kristalina Georgieva spoke about global debt restructuring at the Boao Forum for Asia on Thursday following a report that a record number of countries are all in sovereign default.

Ford hikes prices on its F-150 Lightning as production resumes after EV battery fire

Ford is resuming production of the F-150 Lightning after a February battery fire forced a halt. It's also raising prices on the popular electric truck again.

Probe into meat 'falsely labelled' as British at supermarkets

The Food Standards Agency has launched an investigation into claims a supplier mislabelled meat.

Sam Bankman-Fried Pleads Not Guilty to Additional Set of Charges

Prosecutors this week charged Mr. Bankman-Fried with orchestrating a $40 million bribe to Chinese officials to unfreeze funds held by his trading firm, Alameda Research.

A.I., Brain Scans and Cameras: The Spread of Police Surveillance Tech

In the Middle East, artificial intelligence and other emerging technologies have become part of everyday policing.

Banker Bonuses Drop 26% on Wall Street As Deal-Making Cools

The bumper payouts earlier in the pandemic have waned, as banks cut costs and worries about financial stability loom over markets.

Bed Bath & Beyond again warns of bankruptcy if new stock offering doesn't pay off

Beleaguered retailer Bed Bath & Beyond is offering $300 million in stock in a last ditch effort as it warns of bankruptcy, again.

More home sellers are sitting out of the spring housing market

New listings in March were 20% lower than the same month last year, keeping home prices higher and competition strong.

Lobbyists Begin Chipping Away at Biden’s $80 Billion IRS Overhaul

The tax preparation industry is alarmed over the prospect that the Internal Revenue Service will devise its own free tax-filing system.

Under Armour's new partnership with Steph Curry will last beyond the NBA star's retirement

Golden State Warriors icon Steph Curry agreed to extend his already 10-year-old partnership with Under Armour.

How to Use Chatbots, like ChatGPT, in Your Daily Life and Work

Large language models are already good at a wide variety of tasks.

EVgo shares are surging after fourth-quarter results trounce Wall Street estimates

EVgo's revenue surged over 283% from a year ago as a new initiative to provide chargers for businesses boomed.

The Undoing of Guo Wengui, Billionaire Partner to Trump Allies

He cultivated powerful allies and built an empire in China. Then, fleeing charges, he turned his charms on America. Now the law has caught up with him.

Senators unveil new rail safety bill in wake of toxic Ohio derailment

Democratic Sens. John Fetterman and Bob Casey of Pennsylvania and Sherrod Brown of Ohio introduced a new rail safety bill.

New UK plan to reach net zero goal faces criticism

The strategy was drawn up after judges ruled existing plans weren't sufficient to meet climate targets.

Constellation Brands taps food-and-travel streamer Tastemade to help draw new customers

Constellation Brands, which owns a suite of beer, wine and spirits brands, is teaming up with streaming service Tastemade to create a content studio.

Warning UK car industry under threat without help

An industry veteran says the UK needs to follow the US and EU in helping with the shift to electric cars.

Bob Iger Ousts a Marvel Antagonist

Ike Perlmutter, the chairman of Marvel Entertainment who’s had a volatile tenure at Disney, was among the latest round of job cuts at the entertainment giant.

State pension age rise to 68 will not be brought forward yet

The government is set to announce it will not yet bring forward the date for the pension age rise to 68.

China must ‘reflect’ on the collapse of Silicon Valley Bank, keep a watchful eye on liquidity

Lu Lei, deputy head of China’s foreign exchange regulator, says authorities must become more vigilant of risks in the financial sector following the sudden collapse of Silicon Valley Bank.

Publishers Worry AI Chatbots Will Slash Readership

Many sites get at least half their traffic from search engines. Fuller results generated by new chatbots could mean far fewer visitors.

Do We Know How Many People Are Working From Home?

New Labor Department numbers indicate that fewer Americans worked remotely last year. But many experts criticize the government’s data collection.

Tokyo Olympics Scandal Fouls Hopes for a Sapporo Winter Games

The International Olympic Committee was already struggling to find hosts for the Winter Games. Sapporo’s flailing 2030 bid has added another headache.

China’s new energy storage capacity is expected to surpass 50GW by 2025

By the end of 2022, China had a total new energy storage capacity of 8.7GW, a more than 110 per cent increase year on year.

London Stansted Airport: The race against time to resurface a runway

Engineers are halfway through a five-month project to lay about 65,000 tonnes of asphalt.

China’s Premier Li Qiang lashes out at ‘new cold war’ in a speech putting Beijing at the centre of global economic stability

Speaking at the Boao Forum for Asia, China’s Premier Li Qiang lashed out at trade protectionism and supply chain decoupling, while touting the Chinese economy’s ‘strong’ growth momentum.

Former Starbucks CEO Howard Schultz Spars With Democrats at Senate Hearing

Howard Schultz faced rancor from Senate Democrats at a hearing where he chafed at “propaganda that is floating around” about company labor practices.

Ambani, Adani: Should India break up its big conglomerates?

A former deputy governor of India's central bank says five big firms are hindering competition in the market.

Disney sidesteps DeSantis board with royal clause

The Florida governor's oversight board says Disney circumvented it with an agreement citing King Charles.

Disney Lays Off Ike Perlmutter, Chairman of Marvel Entertainment

The move, part of a cost-cutting campaign, followed Mr. Perlmutter’s unsuccessful effort to shake up Disney’s board.

Texas Observer Reverses Plan to Shut Down and Lay Off Its Staff

Former and current staff members had fought the decision to shut down the 68-year-old magazine, a bastion of liberal opinion and investigative journalism in a red state.

IPO funds raised globally may have plummeted 61 per cent in first quarter amid banking crisis, high inflation, EY says

Funds raised by newly listed companies globally might have plummeted by 61 per cent in the first quarter, as high inflation and a banking crisis pushed firms to put their IPO plans on hold, EY said.

Spice sales boom as home cooks get more adventurous

The global spices sector is thriving as the pandemic is said to have made people try more recipes.

Easter holiday travel: No repeat of airport chaos, industry says

Airports and airlines say they have enough staff to cope, with travel set to return to pre-Covid levels.

Satellite-imagery venture Planet reports record quarterly revenue to cap strong year

Planet on Wednesday delivered another record quarter of revenue, nearing the top end of its full-year revenue forecast.

Adidas Drops Trademark Dispute With Black Lives Matter

The German sportswear company challenged the trademark application on Monday, saying it was “confusingly similar” to its three-stripe logo. Within 48 hours, it reversed course.

China urged to leverage Southeast Asia-led trade pact amid diversification trends

The Regional Comprehensive Economic Partnership offers China an opportunity to capitalise on diversification trends and tap Southeast Asia’s growing middle class, economists and business executives say.

JetBlue is preparing to trim New York flights in response to FAA staffing shortage, CEO says

The Federal Aviation Administration will let airlines reduce schedules at congested airports due to air traffic controller shortages.

South Korea’s US$60 billion swing in China trade due to ‘shrinking tech advantage’ as deficit emerges

South Korea recorded a trade deficit of US$5.1 billion with China in January and February, which was the highest among all its trading partners, with an analyst pointing to its shrinking “technological comparative advantage”.

'Rust' case district attorney appoints new special prosecutors, recuses herself

The DA's decision in the Alec Baldwin "Rust" case comes soon after the previous special prosecutor stepped down.

TikTok’s Owner ByteDance Pushes a Lemon8 App in U.S.

ByteDance, the Chinese company behind TikTok, is trying to woo popular social media creators to Lemon8 before it is officially introduced this year.

Trump’s Return to Fox News Gets a Cool Reception … on Fox News

The network used to be a safe space for the former president. But Brian Kilmeade, Jason Chaffetz and others had tough words for his appearance on “Hannity,” his first Fox interview in months.

F.D.A. Approves Narcan for Over-the-Counter Sales

The nasal spray reverses opioid overdoses and public health officials hope that making it more widely available could save lives and reduce the nation’s high rates of drug fatalities.

YES Network launching streaming service to give non-cable viewers access to Yankees games

The YES Network, which carries Yankess games, is the latest regional sports network to launch a direct-to-consumer streaming service.

United Airlines reaches tentative labor agreements with ground workers union

United Airlines has reached tentative agreements with a union representing nearly 30,000 ground workers, the labor group said Wednesday.

Bernie Sanders grills ex-Starbucks CEO Howard Schultz about alleged union busting

Starbucks Workers United has filed more than 500 complaints of unfair labor practices against the coffee chain.

To catch foreign investors, China casts mega projects with great potential in uncertain times

Beijing is putting on the charm as it seeks to reassure businesspeople and lure overseas capital amid a trend of multinationals diversifying away from China.

Pending home sales squeezed out a tiny gain in February, as mortgage rates jumped

The average rate on the popular 30-year fixed mortgage started February right around 6% and ended the month just over 7%

Macy's CEO Jeff Gennette, who's led the company's turnaround effort, will retire next year

Macy's said Bloomingdale's CEO Tony Spring will succeed Jeff Gennette in February.

UBS Taps an Ex-C.E.O. to ‘Pilot’ Its Takeover of Credit Suisse

Sergio Ermotti helped the bank recover after the 2008 financial crisis, but faces a tougher task this time.

Mainland EV makers like BYD have potential to establish foothold in Southeast Asian markets, panel at Post’s China Conference hears

China’s home-grown EV brands have the potential to establish a foothold in Southeast Asia’s automobile markets, but must establish their brands in the minds of the consumer, a panel at the Post’s China Conference: Southeast Asia heard on Thursday.

China and Asean aim to expand agricultural trade to more than US$100 billion in 5 years

China and the 10-nation Asean bloc are looking to enhance agricultural ties, including in technology and training, with Hainan positioned as a possible ‘gateway’ for more trade, diplomats say.

Chinese EV market in consolidation stage, BYD chief says, with some players being knocked out, others grabbing bigger slice of the pie

‘Some players will be eliminated, while some will grab a bigger market share,’ says Wang Chuanfu, founder, chairman and president of Chinese carmaker BYD.

Dermalogica founder shares her business advice

Jane Wurwand, who co-founded the skincare brand Dermalogica, shares her advice for our CEO Secrets series.

China rolls out the red carpet for foreign CEOs, but investors ‘cautiously reconnecting’ after reopening

The China Development Forum, the first in-person conference with foreign executives since borders reopened in January, was attended by an audience of 69 foreign CEOs eager to see an improving investment climate.

China population: Shanghai’s populace falls again as migrant workers, births continue worrisome declines

Shanghai is China’s most densely packed urban metropolis, but the exodus of jobseekers from other regions, an inability to convince couples to have children, an ageing population and zero-Covid measures took a toll last year.

Russian influx drives up rental prices in Dubai

Average rents in the Emirate rose by more than a third last year as soaring demand outstripped supply.

China economic hub to reward travel agencies for attracting foreigners to affluent Hangzhou

The capital of Zhejiang province will hand out cash bonuses to fuel tourism and help reinvigorate the local economy as it tries to get travellers to stay longer and spend more.

China kicks off Boao Forum for Asia, seeking to reconnect with a business world that is looking elsewhere

With China looking to reconnect with the business world, this week’s Boao Forum for Asia in Hainan offers a glimpse at how authorities are hoping foreign investors and businesses can reinvigorate China’s economy.

Warren Buffett-backed BYD posts record quarterly profit as value-for-money EVs prove a hit with Chinese buyers

The Shenzhen-based carmaker’s profit rose 12-fold to 7.3 billion yuan (US$1.06 billion) in the three months to December, compared with 602 million yuan a year earlier.

China launches new AI programme as race against the US for supremacy heats up

China has announced a new programme to promote artificial intelligence (AI) in science and technology research, amid intensifying technology competition with the United States.

If the US doesn’t thwart China’s efforts to be semiconductor self-sufficient, climate change might

As China rushes to build up its chip manufacturing capabilities, climate change is making parts of the country increasingly prone to extreme weather that could create resource scarcities and disrupt operations.

China anti-corruption probe targets top banks, SOEs as Beijing races to defuse financial risks

China’s new leadership team is racing to defuse financial risks, including at top banks and state-owned industrial giants, against a backdrop of slowing economic growth and an overseas banking crisis.

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.

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.

The tech helping driverless cars see round corners

A trial in London used existing street cameras to help an autonomous car navigate city streets.

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.

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.

‘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

Speakers at the China Development Forum in Beijing call for high-value-added industrial clusters and interdependent supply chains in face of US trade war.

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.

China says we’re open for business 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.

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.

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.

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

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.

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.

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.

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.

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.

Crewless container ships appear on the horizon

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

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.

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.

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.

Victory secure successive wins

Melbourne Victory’s slim hopes of playing finals football remain alive after a fighting display in Wellington secured them back-to-back wins for the first time this season.

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