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Friday, May 3, 2024

Asia

China’s Economy in 2023: Challenges and Opportunities

China's economy is facing a number of challenges in 2023. These include: The ongoing COVID-19 pandemic: The pandemic has caused widespread disruptions to economic activity in China, and it is not clear when the pandemic will end. The war in Ukraine:...

Jack Ma’s Firm Asked to Pay Nearly $1 Billion Fine in China

Chinese regulators have fined Ant Group, the financial technology giant founded by billionaire Jack Ma, nearly $1 billion for breaking rules related to consumer protection and corporate governance. The fine, which is equivalent to 7.1 billion yuan, is the latest...

Ant Group: China’s Largest Financial Tech Company

Ant Group is a Chinese financial technology company that provides a wide range of financial services, including online payments, microloans, and insurance. It is the world's largest mobile payment platform, with over 1.3 billion users. Ant Group is also...

The Rise of “Made in China”

The phrase "Made in China" has become synonymous with cheap, mass-produced goods. However, the label has a much more complex history than that. In the early 1970s, China was a poor, agrarian country with a centrally planned economy. However, in...

HSBC: A Global Banking Giant

HSBC Holdings plc is a British multinational banking and financial services holding company headquartered in London, England. It is the largest bank in Europe by assets and one of the world's largest banks by market capitalization. HSBC operates in...

China retaliates with sanctions against United States firms as sanction war heats up

China is beginning to focus on the interests of the West in the country after five years of snowballing of the US leading trade and technology under Presidents Donald Trump and Joe Biden. In the past two months, Chinese...

Jamalco’s sale is in sight

Noble Group Holding Limited (NHGL), which is an asset holding company based in Hong Kong is on the verge of offloading General Alumina Holdings assets to a third party through a call option. A deal to sell its 55%...

A new study shows China is outperforming the United States in artificial intelligence

A new study by Nikkei shows valid reasons why China is currently outperforming the USA in artificial intelligence due to the quality and quantity of research that is currently being released from China. This shouldn’t come as any surprise...

Baidu extends hours for driverless robotaxis

Chinese internet Juggernaut Baidu is making huge improvements in the autonomous driving industry which has become heated over the last decade. Billions of dollars have been poured into this industry fighting for a piece of a growing autonomous driving...

Debt trapped diplomacy and lessons for smaller nations

Over the last couple of months, we have seen cracks starting to get wider and deeper within the global economic system. One of the main poster children of such a catastrophe is Sri Lanka. Sri Lanka could be seen...
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Twitter Rebrands to ‘X’

In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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