A large group of creditors, which is owed US$15 billion, is one of the last major roadblocks to a historic restructuring of China Evergrande Group. The world’s most indebted developer has US$328 billion of liabilities, and has to win them over at key creditor meetings on September 25-26 to avoid a liquidation.

In China, US firms have worst outlook since turn of century, AmCham Shanghai survey reveals

But despite their general trepidation, 31 per cent of surveyed US companies have increased investments in China this year, compared with only 25 per cent in 2022.

Middle class in China, US fear losing status as key economic segment walk the tightrope

The growth of China’s key middle class is set to be hindered by an ageing population, while in the US, flat wage growth and a drop in university enrolments is hurting the crucial segment of society.

The turbo-charged plants that could boost farm output

Researchers are tweaking the photosynthesis process to raise the output of crops like soy, maize and wheat.

Top Chinese EV makers like BYD poised for global expansion by 2030 thanks to ‘overwhelming’ cost advantages: UBS

The vast European market and its surging EV adoption rate will be a catalyst for Chinese EV makers’ go-global push, the bank says.

Instacart Prices I.P.O. at $30 a Share, Raising $660 Million

The grocery delivery company priced its offering at the high end of expectations, in a potentially upbeat sign for tech public offerings.

China’s mixed bag: 4 takeaways from August as economic data tells complex tale

China’s economic data for August paints a complicated picture, with figures indicating the possibility of heightened growth as well as signs of a protracted slump.

China’s receding economic tide will ground all boats, including the US’

Aside from the domino effect of a Chinese economic slowdown, the US has several deeply vulnerable sectors, from tech and drugs to agriculture and rare earths. A belief that US has little exposure to China’s problems is misguided.

Stellantis could close 18 facilities under UAW deal — here are the full details of its latest offer

The company made the latest offer Thursday, before the start of targeted strikes by the United Auto Workers Union against Stellantis, Ford and GM.

Writers union will resume strike negotiations with studios this week

The WGA and the AMPTP will start talking again. Dual writers and actors strikes have shut down Hollywood.

I.R.S. Changes Audit Practice That Discriminated Against Black Taxpayers

The agency will overhaul how it scrutinizes returns that claim the earned-income tax credit, which is aimed at alleviating poverty.

Americans plan to keep cutting back on spending through the holidays, new survey says

U.S. consumers have cut back on spending and plan to continue to do so through the holiday shopping season, a new CNBC-Morning Consult survey says.

Bill Maher Reverses Decision to Restart Show

Mr. Maher said he changed his mind about resuming his weekly HBO show because negotiations in the screenwriters’ strike were set to continue this week.

New York is cracking down on illegal weed stores as legal market struggles to take hold

New York is stepping up its efforts to stop unlicensed smoke shops from selling marijuana, as the state struggles to boot up its legal marketplace.

Wasserman Buys Brillstein, Merging Sports and Entertainment

Casey Wasserman had long pledged to stay away from the traditional entertainment business, but he said a new media landscape changed his thinking.

Golf legend Gary Player says government should stay out of sports

Hall of fame golfer Gary Player talks about the intersection of golf and politics, and weighs in on the upcoming Ryder Cup in Italy.

Battle Over Electric Vehicles Is Central to Auto Strike

Carmakers are anxious to keep costs down as they ramp up electric vehicle manufacturing, while striking workers want to preserve jobs as the industry shifts to batteries.

Clorox says last month's cyberattack is still disrupting production

Clorox said a cyberattack it disclosed last month will have a material impact on its fiscal first quarter results.

Homebuilder sentiment goes negative for the first time in 7 months, thanks to higher mortgage rates

Homebuilder sentiment fell into negative territory as potential buyers struggle to afford new homes in a higher mortgage rate environment.

Morgan Stanley kicks off generative AI era on Wall Street with assistant for financial advisors

Morgan Stanley says it is the first major Wall Street firm to put a bespoke solution based on GPT-4 in employees' hands.

China’s private firms still face ‘hidden barriers’ that state-owned brethren do not, official media warns

Questions linger as to how and whether Beijing’s announced measures will be effectively implemented, rather than serve as mere lip service that fails to reassure entrepreneurs.

China’s Import Curbs on Cosmetics Face Pushback in Europe

Cosmetics sales in China are soaring, but a group of exporting nations led by France are pushing Beijing to lift restrictions they say are blocking them unfairly.

Unions Stick With Hardball Tactics Like Strikes

In contract disputes from Detroit to Hollywood, organized labor leaders are holding firm in their efforts to gain more pay and job security for members.

Chinese battery maker Gotion supercharges global ambitions with opening of German plant

Volkswagen-backed Gotion’s factory in Gottingen is expected to reach a production capacity of 5GWh by mid-2024 and 20GWh when fully complete. It is also building plants in the US states of Illinois and Michigan.

New tax divides India's booming computer games sector

The Indian government's forthcoming tax on the industry doesn't apply to all types of games.

Little Progress in Talks to End UAW Strike Against 3 Detroit Automakers

The U.A.W. returned to the bargaining table on Sunday after its president warned, “We’re going to amp this thing up” if the car companies don’t improve their offers.

Chinese commercial banks fear stimulus measures will do little to stem tide of mortgage prepayments, squeezing margins

Chinese commercial banks could see an earnings decline of up to 5 per cent this year if a surge of prepayments by Chinese homebuyers persists, according to analysts.

China population: retirement age cannot be one-size-fits-all, Beijing adviser says as retirees to hit record

More than 28 million people will retire in China this year, and while Beijing has already said it will raise retirement ages, no timetable has been released.

UAW Union and Ford, General Motors and Stellantis Resume Talks

The United Auto Workers said it had “reasonably productive conversations with Ford” but did not mention G.M. or Stellantis.

California Sues Oil Giants, Claiming Decades of Deception

Launching one of the most prominent climate lawsuits in the nation, the state claims Exxon, Shell, BP and others misled the public and seeks creation of a special fund to pay for recovery.

Asian Games in Hangzhou will be ‘frugal’, China says, in country’s biggest sport event since Covid-19

Organisers say most venues have been used before and will be used after the event finishes.

Tech Fears Are Showing Up on Picket Lines

What’s being called the “summer of strikes” comes at a time when workers increasingly fear new technologies will threaten their jobs.

Foreign direct investment in China drops despite efforts to attract overseas capital

China’s commerce ministry blames slow recovery after the coronavirus for 5.1 per cent decline in its foreign direct investment in the first eight months of the year.

Should I Worry About My Co-Workers Smoking Weed on Break?

It may be ill-advised, but if their work doesn’t risk anyone’s safety, let a manager handle it.

The Market Is Stuck Until the Fed Is Done

Stocks are mired in a holding pattern. The big question, our columnist says, is when will the Federal Reserve start to cut interest rates?

China’s desperate stock traders keen for policy ‘bazooka’ to rouse US$10 trillion bear market from slumber

Many of mainland China’s 220 million retail investors are not convinced the government’s recent efforts aimed at reviving the stock market go far enough to set equities on a path to long-term recovery.

Will China weaponise the yuan? Global finance body throws cold water on the idea as it rankles markets

Intentionally weakening the yuan would be a boon for cheaper Chinese exports, but on the whole, a devalued yuan could make China’s problems much worse.

China’s tech hub to import more integrated circuits, steel itself against US sanctions after Huawei handset leap

Beijing has high hopes for Shenzhen and its role in ensuring that China becomes technologically self-sufficient in the face of crippling US curbs on technology transfers.

CIIE: Beijing kicks off countdown by appointing business delegates for first import expo after zero-Covid policy exit

Beijing has mobilised 39 business delegations to ensure the purchase of goods and services at the China International Import Expo, in its latest effort to maintain strong economic ties with foreign businesses and head off any chance of a decoupling with the West.

China’s piecemeal stimulus paying off slowly, but property still bleak and private sector ‘lacks that animal spirit’

China’s economy showed signs of life in August, with retail sales and manufacturing picking up, but some analysts are still waiting to see if Beijing has a ‘bold reform plan’ up its sleeve, as the road to recovery remains rocky.

India and South Korea show emerging markets offer alternative to US, China economic doom and gloom

While the struggles of the Chinese and US economies have drawn most of the world’s attention, the doom and gloom around them is not the whole story. Market surges in India and South Korea as well as world-leading interest rate cuts in Brazil and Poland show there are grounds for cautious optimism.

The firms hoping to take psychedelic drugs mainstream

Start-ups are tweaking psychedelic compounds to treat mental health conditions.

China’s economic data breakdowns show signs of life amid prevailing doom-and-gloom outlook

Economists say alternative high-frequency data points – from subway ridership to commodity prices – suggest parts of China’s economy are functioning well. But crisis or not, China is ‘not out of the woods, yet’.

Unwinding China’s US$8 trillion local debt crisis a ‘monumental challenge’, but can Beijing find the cash?

Deterioration of local-government finances has become a key concern for policymakers and investors amid the slower-than-expected economic recovery.

China-Middle East aim to lift trade to new heights by 2030 amid strained ties with Western partners

China’s Belt and Road Initiative has helped enhance exchanges with the Arab world in recent years, and Beijing’s foray into the Middle East is paying dividends.

China cuts banks’ reserve requirement ratio for second time this year, ahead of August data release

The People’s Bank of China’s second cut to the ratio this year comes as the world’s second-largest economy has struggled to rebound in recent months.

China extends anti-subsidy duties on EU potato starch imports for 5 years, hits back at EV probe

China will extend anti-subsidy duties on potato starch imports from the European Union for the next five years from Saturday, announcing the move hours after hitting back over a planned probe into its electric vehicle exports.

Chinese stocks suffer record outflows in August, FDI to contract amid negative sentiment over economic outlook

Chinese equities suffered an outflow of around US$15 billion in August, marking the largest monthly outflow on record for Chinese stocks.

China’s southern export hub steps up talent hunt as Dongguan dangles US$70,000 cash, US$1.4 million housing subsidy

China’s southern export hub of Dongguan will offer a home-purchase subsidy of up to 10 million yuan (US$1.37 million) in an attempt to lure talent, as the city seeks to upgrade advanced industries.

Global EV transition accelerates as falling battery costs hasten purchase price-parity in further blow to combustion vehicles

The ongoing transition to electric vehicles (EVs) will gather pace globally as battery costs – which make up as much as 40 per cent of the production cost of a typical EV – decline faster, dealing a further blow to sales of conventional petrol cars.

Belt and Road Summit: Hong Kong has the talent and expertise to be an ideal insurance hub for infrastructure projects

Hong Kong’s insurance sector can offer comprehensive cover for multitude of risks faced by companies investing in Belt and Road projects, due to deep talent pool and expertise, according to summit panel.

China’s hi-tech ambitions under threat with scientific literacy inadequate to support innovation-driven economy

Beijing has vowed to rely on a so-called talent dividend to drive innovation and high-quality development, but only 13 per cent of China’s population are viewed as scientifically literate.

China can ‘demonstrate ethical decarbonisation’ in construction sector, which requires massive emissions cuts, UN and Yale report says

The buildings and construction sector must cut emissions massively, according to a new report by UNEP and the Yale Center for Ecosystems and Architecture.

China’s top-500 list of private firms is missing some big names, as profits fell and property developers tanked

Eight more private developers have exited the semi-official annual list by the All-China Federation of Industry and Commerce, and an e-commerce giant has retained the No 1 spot.

China’s central bank ramps up pressure on yuan bears as currency dives toward record low offshore

Currency traders trying to bet against the yuan are facing growing headwinds from China’s efforts to ramp up the cost of doing so in Hong Kong. The PBOC plans to issue more yuan-denominated bills than are maturing in the city next week, a move that will pressure borrowing costs.

In China’s changing economy, MNCs must rethink the mantra of going big

As the Chinese market matures, success will no longer hinge on thinking big and outpricing competitors. Continuous innovation and the quality of business will be more important than having a brilliant founder or a top-selling product.

Chinese carmaker SAIC Motor expects to export 1.2 million vehicles in 2023 as MG brand ‘revival’ fuels 20% rise

‘The revival of the MG brand shows China’s rising manufacturing might in the automotive sector,’ an analyst says, as SAIC leads the country’s push to overtake Japan in annual car exports this year.

Beijing outlines ‘interconnected living’ plan for Taiwan and Fujian

Coastal mainland province to become a model zone for closer development with the island to promote ‘peaceful reunification’.

China dealing more with California, New York than Washington as regional ties trump ‘political point-scoring’

Business representatives from California, Illinois and New York were on hand during the recent China International Fair for Investment and Trade in Xiamen despite increased scrutiny over Chinese investments by Washington.

China urged to be more tech savvy with Belt and Road Initiative as developed nations steer clear and US curbs hit hard

China’s global initiative to link economies into a trade network is said to be lacking collaboration in critically important digital and green sectors, but belt and road benefits are also seen going beyond technology.

'I wasn't heard at meetings, so did something about it'

Pamela Maynard, CEO of Avanade, shares her advice to get ahead at work.

Shanghai port operator aims to expand capacity of its automated terminal at Yangshan and help shippers reduce waiting time and costs

Yangshan deep water port in Shanghai aims to expand handling capacity of its automated container terminal to reduce vessels’ waiting time and operating costs for ocean carriers amid a trade slowdown in China.

Beijing scraps limits on listing prices of pre-owned homes in popular Haidian school district in bid to prop up demand

In Haidian, a district known for its good schools and access to quality education, 29 properties are now publicly advertising their listing prices for pre-owned homes.

China yuan: weak currency hits traders, travellers as customers request discounts, firms could raise retail prices

China’s yuan fell to a 16-year low against the US dollar last week, with financial regulators vowing to take action to stem one-sided speculative bets, but exporters are already under pressure to change prices.

Google trial: US takes on tech giant in landmark case

A landmark trial against the search engine will be a key test of whether the US can rein in the industry.

Robots are trained to help revive coral reefs

Researchers are experimenting with robots to help speed up the restoration of coral reefs.

Stopping the scammers who target online jobseekers

Fraudsters are using fake job ads to try to get people to give them money or their personal data.

Urban oases combine roof gardens and solar panels

Combining solar panels and a roof garden is a tricky and costly engineering task.

Vet prices: 'I spent £12,000 on my pug'

Pet owners reveal how much their vet bills set them back, as a review of the industry is launched.

Beloved Aussie tradition under threat

Charities and sports clubs could have a tough time finding someone to man a sausage sizzle when new food safety rules come into effect.

广告 | Advertisement

在澳纽网做广告｜ Advertise with us

1,941 views

广告

UK interest rate freeze ends run of 14 straight increases

Tech Giants See Chatbots Everywhere, Including in Your Inbox

H&M in U-turn over online returns fee in store

Interest rates: How the Bank of England's decision affects you and your money

Olive Garden parent Darden Restaurants beats earnings estimates, despite weak fine-dining sales

Bank of England Keeps Rates Steady for First Time in Nearly Two Years

China’s home-grown planes touch down in Southeast Asia as West mulls approval

How to Claim Your Fortnite Refund

Firms forced to sell more electric cars despite petrol ban delay

The Lawyers Sam Bankman-Fried Once Trusted Are Drawing Criticism

Car makers split on decision to delay petrol ban

Government borrowing rose to £11.6bn in August

Japan's Toshiba set to end 74-year stock market history

Biggest sell-off of Chinese bonds since reopening provides no relief to investors betting on turnaround in growth

Co-op boss warns of shoplifting 'anarchy'

Hong Kong Says It Calls the Shots, Not Beijing. Investors Are Wary.

Google accused of directing motorist to drive off collapsed bridge

Top Studio Executives Join Writers’ Strike Negotiations

China’s middle class puts luxury spending on hold as uncertainty swirls

Google’s Bard Just Got More Powerful. It’s Still Erratic.

Adidas CEO says Kanye West didn't mean antisemitic remarks, isn't a bad person

Bankrupted Post Office Horizon victim demands answers after 17 years

Ford Averts Auto Strike in Canada as UAW Talks in U.S. Inch Along

Fed Pauses Interest Rate Increases as It Aims for a Soft Landing

U.S. will again offer free at-home Covid tests starting Monday

U.A.W. Strike Hits Home in Michigan, the Auto State

Anheuser-Busch to stop cutting off Clydesdale horse tails after backlash

Philip Morris considers selling stake in pharmaceuticals unit to boost health-care division

Gas Prices Have Crept Higher This Summer, a Challenge for the Fed

Defense Department Awards Chip Funding to Fuel Domestic Research

GM and Stellantis just laid off more than 2,000 additional workers because of the UAW's strike

Fed holds interest rates steady - for now

How TikTok Stars Like B. Dylan Hollis are Reshaping the American Cookbook

Floods, Winds and Temperature Extremes Challenge Rail Lines

U.K. Inflation Rate Slips to 6.7%, Slowing for Third Straight Month

Kraft recalls 84,000 cases of American cheese slices over choking hazard

ChatGPT Can Now Generate Images, Too

GM executive slams UAW over 'flow of misinformation,' rhetoric during strike

Britain Passes Sweeping New Online Safety Law

SpaceX countersues Justice Department, seeking to dismiss hiring discrimination case

Fall Covid shot rollout gets off to a bumpy start as some patients see insurance delays

What Fed Rate Moves Mean for Mortgages, Credit Cards and More

Jules Melancon, Oyster Farmer Who Tried Something New, Dies at 65

China hits back at economic fatalists during gathering of policy heavyweights

Is the Off Season Getting More Expensive?

Fortnite: Parents in US offered refunds for game purchases

Google Says Switching Away From Its Search Engine Is Easy. It’s Not.

Walmart opens a pet center with veterinary care and grooming as it signals bigger ambitions

$100 Oil Could Scramble the Fed’s Efforts to Ease Inflation

UK inflation: Slowing food prices drive surprise fall

Taiwan’s export orders see full year of decline, and foreign investment in tech hub paints woesome outlook

How to Get the Best Foreign Exchange Rate

Unions Fight in the States to Make Biden’s Climate Agenda Work for Workers

Date set for next £300 cost-of-living payment

Fukushima: China's seafood imports from Japan down 67% in August

Hong Kong is well-placed to make use of opportunities in Asia’s growth, Chinese sovereign fund’s global advisors say

Clorox Wipes’ Supply Could Be Affected By Cyberattack

Forget LA – it’s British film studios that are in demand

Cost-of-living payments: Who is getting them and when?

China factories with Asean aspirations are lining up for a look at Vietnam, and industrial parks are cashing in

Billions to Connect Everyone to High-Speed Internet Could Still Fall Short

Strike Is a High-Stakes Gamble for Autoworkers and the Labor Movement

White House no longer sending top officials to Detroit for UAW strike talks this week

Eli Lilly sues clinics allegedly selling knockoff versions of Mounjaro diabetes drug

Live sports are headed to Max, as Warner Bros. Discovery adds a new tier to streaming app

U.A.W. Threatens Strikes at More Plants

Instacart Rises 12% on First Day of Trading

Ford barrels toward new Canadian strike that could affect F-Series pickup production

Rocket Lab stock drops after first satellite launch failure in more than two years

Disney plans to nearly double its investment in parks and cruises business

SEC Charges Concord, the Money Manager Tied to Roman Abramovich

Kevin Durant's Boardroom launches entertainment and sports advisory firm

Burberry Street Fashion Week Ad Sows Confusion in London

Disney Plans to Spend $60 Billion on Parks and Cruises

Max to Stream Pro Sports Starting in October

Fed Meeting: What to Expect on Interest Rates

Sam Bankman-Fried’s Parents Sued by FTX

Burner Laptops and Smaller Profits: Firms Portray Their China Challenges

FTX: 'King of Crypto' parents sued over missing millions