Business
US: Wall St opens higher on China trade de-escalation hopes, Fed decision
Wall Street’s main indexes opened slightly higher on Wednesday (May 7) as investors hoped for a de-escalation in trade tensions with…
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China
News
Countdown to Scott Bessent’s Trade Talks With China
An Israeli spyware company is ordered to pay Meta $167 million. A federal jury in California awarded Meta damages from the NSO Group,…
Business
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click…
Business
Why China Is Investing So Much Money in Moroccan Factories
When Xi Jinping, China’s top leader, returned from the Group of 20 summit in Brazil last November, he made a stopover in Casablanca, where…
Business
China Cuts Interest Rates to Shore Up Economy Hit by Trade War
China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the…
News
Tariffs: US and China set to start trade talks this week
US and Chinese officials are set to start talks this week to try to deescalate a trade war between the world's two biggest economies.…
News
Trump Officials to Meet With Chinese Counterparts Amid Trade Standoff
Top officials from the Trump administration will meet with their Chinese counterparts in Switzerland this week, the first formal meeting…
Fashion
Oil rises 3% on signs of more Europe and China demand, less US output
Oil prices climbed about 3 per cent on Tuesday on signs of higher demand in Europe and China, lower production in the US, tensions in the…
News
Chinese Imports to US Hit 20-Year Low as Tariffs Sink In
The share of U.S. imports from China in the first quarter of the year fell to its lowest point in over 20 years, as the high tariffs…
Business
SKP Beijing to Sell 42 to 45 Percent Stake to Boyu Capital
SKP Beijing, China‘s top-grossing luxury department store operator, is slated to sell around 42 to 45 percent of the company to Boyu…
News
Barbie Maker Mattel Plans to Raise Prices Because of Trump’s Tariffs
Less than a week ago, President Trump suggested that children may have to make do with fewer toys this year. “Well, maybe the children…
News
US lawmaker targets Nvidia chip smuggling to China with new bill
A US lawmaker plans to introduce legislation in the coming weeks to verify the location of artificial intelligence (AI) chips like those…
News
How Trump’s Closing a Tariff Loophole Will Hurt UPS and FedEx
Less than a year ago, executives from FedEx and UPS were talking about how they were handling a flood of packages from China to American…
News
Trump shuts off federal funding for gain-of-function virus research in China, Iran
President Trump ended federal funding for gain-of-function virus research in China, Iran and other countries that have "insufficient…
Culture
China Box Office: ‘The Dumpling Queen’ Reigns Over May Day Frame, ‘Ne Zha 2’ Crosses $2.13 Billion
Chinese audiences turned out in decent numbers over the May Day holiday weekend, propelling CMC Pictures’ “The Dumpling Queen” to the top…
Business
China resumes spot LNG purchases to take advantage of price drop
The move is a u-turn for Chinese LNG buyers, which had reduced imports and resold shipments because expensive gas was not attractive to a…
News
China’s Garment Factories Face a Tipping Point After New Tariffs
Liu Miao has sold clothing on Amazon to wholesale buyers in the United States for the past five years. That trade has come to an abrupt…
News
Oil Prices Slide Further on Plans to Increase Supply
Oil prices resumed their downward slide after the OPEC Plus cartel of oil producers said over the weekend that it would pump more oil,…
News
Trump’s Tariff on Cheap Chinese Imports Will Cost Big Tech Billions
The expansion of the loophole for tariff-free shipments of goods nearly a decade ago gave rise to Temu, Shein and other low-cost online…
News
Car Prices Expected to Rise as Tariffs on Parts Kick In
The United States imposed 25 percent tariffs on imported auto parts on Saturday that could sharply raise prices for new and used vehicles…
News
Companies Are Raising Prices as Tariffs Hit
More companies are starting to warn that they will have to pass on higher costs to American consumers, raising prices for products like…
Business
TikTok Fined $600 Million for Sending European User Data to China
TikTok was fined 530 million euros ($600 million) on Friday for violating a European Union data privacy law after regulators found the…
News
U.S. and China Dig In on Trade War, With No Plans for Formal Talks
As trade tensions flared between the world’s largest economies, communication between the United States and China has been so shaky that…
Business
TikTok fined 530 million euros in EU over China data transfer
TikTok was hit with a massive EU fine of 530 million euros (S$779 million) on Friday (May 2), accused of sending personal data of…