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ncial TimesAccessibility helpSkip to navigationSkip to contentSkip to footerVisit Markets DataSign InSubscribeOpen side navigation menuOpen search barFinancial TimesSubscribeSign InmyFTSearch the FTSearchClose search barHomeMarkets DataHomeWorldSectionsWorld HomeIsrael-Hamas warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaMost ReadUS inflation rise to 3.2% highlights ‘last mile’ challenge for Federal ReserveUkraine drone hits one of Russia’s biggest oil refineriesHamas has been shattered. Now it is fighting to surviveSpecial counsel who cited Joe Biden’s memory lapses defends report in CongressUkraine needs 500,000 new recruits. Can it raise them?USSectionsUS HomeUS EconomyInvesting in AmericaUS CompaniesUS Politics & PolicyUS Presidential Election 2024Most ReadCompaniesSectionsCompanies HomeEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportMost ReadHow M&A boutique Evercore became ‘Goldman North’EY’s new boss shuffles leadership roles and plans cost cutsMorrisons posts annual loss of £1bn as debt-financing costs bite Mercedes-Benz boss urges Brussels to cut tariffs on Chinese EVsPrivate equity advisers warn Labour’s plan to tax carried interest will wound CityTechMarketsSectionsMarkets HomeAlphavilleMarkets DataCryptofinanceCapital MarketsCommoditiesCurrenciesEquitiesWealth ManagementMoral MoneyETF HubFund ManagementTradingMost ReadUkraine drone hits one of Russia’s biggest oil refineriesNews updates from March 12: US inflation rises to 3.2%; White House warns Israel against ‘smashing into Rafah’Stock markets undergo ‘risk reset’ as indices notch new recordsLive news: Ukraine strikes oil refineries deep inside RussiaHypocrisy is everywhere with crypto and the banksClimateOpinionSectionsOpinion HomeColumnistsThe FT ViewThe Big ReadLexObituariesLettersMost ReadThe future of ‘communist capitalism’ in ChinaBiden must promise a more conservative second termHypocrisy is everywhere with crypto and the banksThe bullish case for South Africa Nigeria’s kidnapping racket is a symptom of a failing stateWork & CareersSectionsWork & Careers HomeBusiness School RankingsBusiness EducationEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItMost ReadForecaster Peter Turchin: ‘The US is in a much more perilous state than Russia’Can a chief happiness officer improve workplace morale?Business books: what to read this monthThe misery of the meeting motormouthFemale business founders don’t need more roadblocks to fundingLife & ArtsSectionsLife & Arts HomeArtsBooksFood & DrinkFT MagazineHouse & HomeStyleTravelFT GlobetrotterMost ReadHigh finance, low spirits — insider tales from Wall Street and the CityA Very Private School — Charles Spencer’s privileged but painful educationIntroducing Vivobarefoot’s compostable shoeThe exceptional allure of the emerald Why women need to talk about pornHTSIMenuSearchHomeWorldUSCompaniesTechMarketsClimateOpinionWork & CareersLife & ArtsHTSIFinancial TimesSubscribeSign InSearch the FTSearchClose search barFinancial Times HomeWar in UkraineUkraine strikes oil refineries deep inside RussiaKyiv aims to ‘deprive the enemy of resources and reduce the flow of oil money and fuel’ new Ukraine needs 500,000 new recruits. Can it raise them?Russia ‘prepared’ for nuclear war, warns Putin2 hours agoIsrael-Hamas warHamas has been shattered. Now it is fighting to surviveEditor's picks opinion content. Democracy dies in Trumpian boredomEdward LuceThe Big Read. Shipbuilding: the new battleground in the US-China trade warTop storiesFT live newsUS mortgage rates dip below 7% following soft jobs data LiveChina economic slowdownChina’s treatment of local debt ‘ulcer’ threatens growth targetBeijing clamps down on province-level infrastructure spending even as it tries to stimulate economy‘No one is number 2’: Xi looms larger than ever over ChinaUS presidential election 2024Trump’s Republican party ‘chaos’ will boost Biden, Democratic memo saysFormer president’s ‘purge’ of party’s national committee will hinder his White House bid, claim strategistsTrump and Biden secure nominations to set up US presidential rematchStripe IncStripe in ‘no rush’ to go public as cash flow turns positivePayments company has become a Silicon Valley bellwether as its valuation has risen and fallen over the past few years1 hour agoSpotlightEvercore Partners IncHow M&A boutique Evercore became ‘Goldman North’The New York investment bank is narrowing the gap with its downtown Wall Street rivalFood & DrinkHTSI. On the trail with the whisky detectivesMeet the sleuths sniffing out the fakesNewsClimate changeWorld in ‘unknown territory’ after heat records, says head of UN’s climate bodyIPCC chair Jim Skea believes ‘more science needed’ to understand extraordinary temperatures over past year1 hour agoEli Lilly & CoEli Lilly strikes drug dispensing deal with AmazonRetail group agrees first partnership with a big drug company since launching online pharmacy business in 20201 hour agoJapanese economyJapanese workers secure biggest pay rise in three decadesWage increase underlines inflationary trend and bolsters case for Bank of Japan to begin raising interest ratesMost readHamas has been shattered. Now it is fighting to survive opinion content. The future of ‘communist capitalism’ in ChinaHow M&A boutique Evercore became ‘Goldman North’US inflation rise to 3.2% highlights ‘last mile’ challenge for FedUkraine needs 500,000 new recruits. Can it raise them?BP PLCBP and Abu Dhabi suspend talks to buy stake in Israeli gasfieldTalks with Tel Aviv-listed NewMed paused because of ‘uncertainty created by the external environment’1 hour agoUS banksBlank-cheque company aims to buy failed US banksPorticoes Capital bets on further turmoil with approval to take over collapsed lenders from FDIC MBDA Missile SystemsUK must play a role in EU’s defence strategy, urges European missile maker’s chiefHead of part BAE-owned MBDA Éric Béranger says ‘geography matters’3 hours agoEYEY’s new boss shuffles leadership roles and plans cost cutsJanet Truncale lays the groundwork for when she takes the reins at Big Four firm in JulyPwC Australia slashes jobs after tax leaks scandalNigeriaNigeria hit by wave of food looting as economic crisis deepensRansacking of warehouses and deadly stampede at grain sale spark fears of breakdown in law and order opinion content. The FT View. Nigeria’s kidnapping racket is a symptom of a failing stateThe editorial boardEnergy sectorUS solar manufacturers in ‘dire situation’ as imports soarDomestic industry wants stronger tariffs as subsidies have not done enough to ward off Chinese competitionArgentine economyArgentina’s record bond swap aims to pave way to ending currency controlsRefinancing by economy ministry of $50bn in peso-denominated sovereign debt in bid to ease pressure on public accountsConservative Party UKSunak faces growing criticism over Tory donor ‘racism’ disputePrime minister set to be questioned by MPs over party’s response to Frank Hester’s reported remarksOpinion opinion content. Our stressed-out power grids need helpThe climate crisis demands good data that measures the footprint of high electricity usersMarietje Schaake opinion content. Germany’s ‘Staatsräson’ casts a long shadow on Israel and GazaAny criticism of Israel is now seen by some people in power as antisemiticGuy Chazan opinion content. The future of ‘communist capitalism’ in ChinaMartin Wolf opinion content. Inside Business. How a survivalist mentality has helped Stellantis eclipse VWPeter Campbell opinion content. Lex. Deutsche Pfandbriefbank’s US property woes are coming to Europe3 hours ago opinion content. How Labour would roll back the frontiers of BrexitRobert Shrimsley opinion content. Biden must promise a more conservative second termJanan Ganesh opinion content. Lex. Private equity’s pet problems are a sign of things to comeMore OpinionThe FT ViewLexUnhedgedMarkets InsightInside BusinessAsia-Pacific NewsUS steel unions urge Biden to open probe into Chinese shipbuildingPresident expected to back trade investigation as industry becomes 2024 election issueChinese developer Vanke in spotlight after Moody’s downgradeMercedes-Benz boss urges Brussels to cut tariffs on Chinese EVsUS seeks boost for Philippine chip sector as competition mounts with ChinaSouth Korean chipmakers halt old equipment sales over fears of US backlashStanChart investment banking head leaves in overhaulIndia implements ‘discriminatory’ citizenship lawMore Asia-Pacific NewsAsia-Pacific economyAsia-Pacific companiesAsia-Pacific equitiesChinaIndiaDisrupted TimesSign up for our newsletterPodcastsBehind the Money. Are penny stocks getting the memestock treatment?17 min listenFT News Briefing. 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Why businesses are raising their relocation gameBrooke MastersInside the miracle of modern chip manufacturingMore highlightsMoral MoneyDue DiligenceCryptocurrenciesSpecial ReportsClimate CapitalMoral MoneySign up for our newsletterMarkets NewsGlobal art market shrinks as big-ticket sales stallSales fell to three-year low of $65bn last year, Art Basel and UBS Art Market Report shows Nigeria pushes Binance for user data in stand-off over naira speculationCME bids to enter US Treasury clearing businessBrexit has made investing in the UK harder, says Intercontinental Exchange chiefStock markets undergo ‘risk reset’ as indices notch new recordsGold’s mystery rally baffles analystsChinese developer Vanke in spotlight after Moody’s downgradeMore markets newsAlphavilleMarkets DataCapital MarketsCommoditiesCurrenciesEquitiesFund ManagementWealth ManagementTradingMoral MoneyETF HubTechnologyArm unveils first chip design to power self-driving cars SoftBank-backed group targets automotive sector as it diversifies from declining smartphone market new FT ranking: High-Growth Companies Asia-Pacific 2024 opinion content. 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Amazon.com started requiring writers who want to sell books through its e-book program to tell the company in advance whether their work includes material generated by artificial intelligence.
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Books
Authors push back on the growing number of AI 'scam' books on Amazon
March 13, 2024 • Authors say that the proliferation of AI-generated books can lead customers into buying the wrong book on Amazon and that these books can harm authors' sales numbers and reputations.
Authors push back on the growing number of AI 'scam' books on Amazon
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Participants hold signs in support of TikTok at a news conference outside the U.S. Capitol on March 12, 2024, in Washington, D.C. House Democrats and TikTok creators and business owners held the news conference to express concerns over House GOP legislation that would force the owners of the popular Chinese social media app to sell the platform or face a ban in the U.S.
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Technology
Content creators blast a potential TikTok ban
March 13, 2024 • The House is gearing up for a Wednesday vote on legislation that could lead to a ban on one of the most widely used apps in the world, with an estimated 170 million users in the United States alone.
The word game Wordle is shown on a mobile phone in 2022. The New York Times is accusing some Wordle clone creators of copyright infringement violations.
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C-e-a-s-e and desist: 'The New York Times' goes after Wordle spinoffs
March 13, 2024 • Hundreds of GitHub users were notified after the media outlet sent takedown notices to coders it believed violated its copyright on the game.
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What's behind Bitcoin's bullrun?
March 12, 2024 • The introduction of brand new spot bitcoin ETFs has put bitcoin on a bit of a hot streak. Just this week, the price of bitcoin reached a record high of about $72,000 which is about 70% higher than it was a couple of months ago. So why exactly have these ETFs changed the perception around bitcoin so quickly?
What's behind Bitcoin's bullrun?
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Boeing 787 Dreamliners are built at the aviation company's North Charleston, S.C., assembly plant in 2023. John Barnett had alleged that Boeing's manufacturing practices had declined and that managers pressured workers not to document potential defects and problems.
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National
Boeing whistleblower John Barnett, who raised alarm over plane quality, is found dead
March 12, 2024 • John Barnett made headlines when he went public, saying he wouldn't trust planes made in South Carolina to be airworthy. His family says Barnett suffered PTSD and anxiety from his work at Boeing.
Texas investigators say the Smokehouse Creek Fire, the largest in state history, appears to be caused by a downed utility power pole. When it comes to increased risks of starting wildfires, Michael Wara professor at Stanford University says some utilities "are walking into a catastrophe."
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Old power lines plus climate change mean a growing risk of utilities starting fires
March 12, 2024 • Texas investigators say the largest wildfire in state history appears to be caused by a power line. Aging utility infrastructure ups the risk of starting wildfires as the climate heats up.
Old power lines plus climate change mean a growing risk of utilities starting fires
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Employees of Goodbody & Co. work at the stock brokerage's headquarters in Manhattan, N.Y., circa 1965.
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It's Equal Pay Day. Women earn 84 cents for every dollar men make — or even less
March 12, 2024 • Women working full-time, year-round jobs earn 84 cents for every dollar men make, and part-timers make even less. Women have to work well into March before they earn what men made the year before.
It's Equal Pay Day. Women earn 84 cents for every dollar men make — or even less
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Two United Airlines Boeing 737s are parked at the gate at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla., on July 7, 2022.
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National
Why flying is still safe despite high-profile problems
March 12, 2024 • United Airlines recently had multiple flight emergencies in the span of a few days. Meanwhile, federal investigators are probing Boeing for the door plug blowout. But flying is still low-risk.
Chef Jojo Vasquez in the open kitchen of FOND – a Neighborhood Eatery, in west Maui.
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A Maui chef's lifeline: his restaurant as the island recovers from Lahaina wildfires
March 12, 2024 • Thousands remain displaced after last year's deadly wildfire on west Maui. Among those who lost almost everything was a chief and his family. But they're determined to keep their restaurant running.
SAUL LOEB/AFP via Getty Images
The Indicator from Planet Money
Is the financial media making us miserable about the economy?
March 11, 2024 • There's been a disconnect between how the US economy is doing and how people actually feel about it. Maybe people are still burnt from when inflation was high, maybe it's the expensive cost of borrowing for a car or a mortgage, or maybe it's ... wait, are WE the problem?! Today we look in the mirror and find out if financial media contributes to negative economic sentiment.
Is the financial media making us miserable about the economy?
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Airbnb announced Monday that it is banning all indoor security cameras in all listings.
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Technology
Airbnb bans all indoor security cameras
March 11, 2024 • Starting April 30, Airbnb is prohibiting all indoor security cameras in its listings. Previously, it allowed indoor cameras in common areas that were disclosed prior to booking and visible to guests.
Medications are locked in a glass cabinet at a supermarket.
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Analysis
Retailers howled about theft last year. Why not now?
March 11, 2024 • Mentions of retail theft seem to be fading, their fever pitch cooling. What's changed? And how bad was the problem in the first place?
So-called point-of-sale donations have sharply increased in recent years, bringing in hundreds of millions of dollars a year. But the requests to "round up" your bill for charity have really taken off.
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That spare change you donate at checkout is adding up to millions for charities
March 10, 2024 • So-called point-of-sale donations have sharply increased in recent years, bringing in hundreds of millions a year. But the requests to "round up" your bill for charity have really taken off.
A door plug area of an Alaska Airlines Boeing 737 Max 9 aircraft awaiting inspection is pictured with paneling removed at the airline's facilities at Seattle-Tacoma International Airport on Jan. 10 in SeaTac, Wash.
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National
Boeing says it can't find documents on the door plug that blew off mid-air
March 9, 2024 • A Boeing top official told Congress that employees looked extensively for documents on the door plug and it's likely that such paperwork never existed.
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Shots - Health News
Health industry struggles to recover from cyberattack on a unit of UnitedHealth
KFF Health News
March 9, 2024 • Doctors are worried that the attack on Change Healthcare, part of UnitedHeathcare's Optum division, will mean they can't get paid properly for months.
Oscar statue and an investor.
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It's Been a Minute
And the winner is... outrage? Plus, if the economy is good, why does it feel bad?
March 8, 2024 • This weekend's Oscars ceremony will mark the close of awards season. But what has been an exciting year in film seems to have turned into an opportunity for outrage over snubs, "firsts" and more. Host Brittany Luse wants to know: Is the discourse over awards season stifling our love of art? Brittany is joined by Aisha Harris, co-host of Pop Culture Happy Hour and author of the essay "Award shows have become outrage generators. Surely there's another way?"
And the winner is... outrage? Plus, if the economy is good, why does it feel bad?
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This image provided by Novo Nordisk in January 2023 shows packaging for the company's Wegovy medication. The popular weight-loss drug can now be used to reduce the risk of stroke, heart attacks and other serious cardiovascular problems in patients who are overweight or who have obesity, the Food and Drug Administration said Friday.
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Health
FDA approves Wegovy for lowering heart attack and stroke risk in overweight patients
March 8, 2024 • The popular weight-loss drug can now be used to reduce the risk of stroke, heart attacks and other serious cardiovascular problems in patients who are overweight or who have obesity, the FDA said.
Reporter Darian Woods and wind turbine technician Konnor Therriault at the base of a Vestas wind turbine in Bingham, Maine. (Photo by Matthew Copeman)
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The Indicator from Planet Money
Why wind techs are so in demand
March 8, 2024 • The job that's projected to be the fastest-growing in the U.S. is wind turbine service technician. So we wanted to learn what they actually do. Today on the show, reporter Darian Woods travels to a windy corner of Maine for a day in the life of one of these green-collar jobs.
Why wind techs are so in demand
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Planet Money
March 8, 2024 • Money makes the world go around, faster and faster all the time. At Planet Money, a multimedia team of reporters tracks down the economists, investors and regular folks who are trying to make sense of the rapidly changing global economy.
Dean Treml/AFP via Getty Images
Planet Money
On the Oscars campaign trail
March 8, 2024 • When you sit down to watch the Oscars, what you are really watching is the final battle in a months-long war of financial engineering and campaign strategy. Because in Hollywood, every year is an election year. A small army of Oscars campaign strategists help studios and streamers deploy tens of millions of dollars to sway Academy voters. And the signs of these campaigns are everywhere — from the endless celebrity appearances on late night TV to the billboards along your daily commute.
On the Oscars campaign trail
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Lay's potato chips are on sale at a California grocery store in February 2023.
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Economy
The State of 'Shrinkflation': Why Biden called out skimpy bags of potato chips
March 8, 2024 • The term is relatively new, but companies have long hidden price hikes in plain sight by changing package sizing. Now the debate is getting political.
It's "Vehicle Safety Recalls Week," an initiative by federal regulators to encourage drivers to check if their car has been recalled during the two days a year when clocks in the U.S. change.
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It's time to move your clocks forward — and to check if your car is being recalled
March 8, 2024 • Federal regulators call the week before clocks change "Vehicle Safety Recalls Week." It's a reminder to check on NHTSA.gov or the SaferCar app to see if your car has been recalled.
It's time to move your clocks forward — and to check if your car is being recalled
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Two Ukrainian citizens hold up posters against Russia's military intervention.
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The Indicator from Planet Money
How to get Russia to pay Ukraine
March 7, 2024 • Ukraine desperately needs money. And there's a tempting solution sitting in a Belgian financial institution: nearly $200 billion in frozen Russian assets. In today's episode, we learn about this unique depository where most of the Russian assets are stored and two proposals to get some of this money to Ukraine.
How to get Russia to pay Ukraine
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Leaders of some of America's most well-known journalism schools, which include Graciela Mochkofsky (from left), David Ryfe and Jelani Cobb, weigh in on the state of the news industry and how they are making sure students are prepared to enter a turbulent business.
Daniel Mordzinski, David Ryfe, Jelani Cobb
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Perspective
Is journalism disappearing? These top educators have a lot to say about that
March 7, 2024 • The leaders of six journalism schools discuss the ongoing media bloodbath, the cost of a journalism degree, and how to prepare journalists for the future.
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Leading investment companies set up to offices in Shanghai
2024-03-13 15:47
China's central bank adds liquidity via reverse repos
2024-03-13 15:22
Experts: AI will boost stock market
2024-03-13 07:27
No deflation in China but more efforts needed to defuse risks
2024-03-12 13:13
Financial sector key to country's sci-tech push
2024-03-12 09:28
Adviser says macro policies' joint effect key
2024-03-12 09:01
Simplified payments to facilitate foreign visitors
2024-03-09 07:48
Fiscal moves to bolster recovery
2024-03-08 08:57
Foreign capital in financial sector in focus
2024-03-08 08:54
Local govt debt risk controllable, Minister of Finance says
2024-03-07 10:23
Insurers play positive role as economic, social stabilizers
2024-03-07 10:16
Lenders step up efforts to serve real economy
2024-03-07 10:14
Regulators assure cheaper finance
2024-03-07 07:54
Improving regulations ensures fair market environment for retail investors
2024-03-06 20:58
Policymakers ready to take measures against market failures
2024-03-06 17:18
Treasury bonds aim to spur investment, consumption
2024-03-06 16:43
China still holds scope to further cut RRR, says PBOC governor
2024-03-06 16:41
China to appropriately enhance intensity of proactive fiscal policy: minister
2024-03-06 16:13
Economist shares thoughts on economic innovation
2024-03-05 17:15
China sets targeted fiscal deficit-to-GDP ratio at 3%
2024-03-05 11:30
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Finance: Latest news about stock market, securities, banking and fund - SHINE News
Finance: Latest news about stock market, securities, banking and fund - SHINE News
Finance
Finance
Yellow metal rising! Gold investment sparkles as prices soar
With the dramatic rise in international gold prices, many Chinese investors are looking with interest at the yellow metal, an investment where risks and opportunities coexist.
1m
0
Finance
China's forex reserves rise to US$3.2258 trln
China's forex reserves totaled 3.2258 trillion US dollars as of the end of February, rising by 6.5 billion dollars, or 0.2 percent compared to the end of January.
2024-03-07 17:31
0
Finance
China to appropriately enhance intensity of proactive fiscal policy
China will appropriately enhance the intensity of the proactive fiscal policy, the finance minister said on Wednesday.
2024-03-06 17:48
0
Finance
There is ample room for China's monetary policy
China has a rich toolbox of monetary policy and there is still ample policy headroom, Pan Gongsheng, governor of the People's Bank of China, said Wednesday.
2024-03-06 16:41
0
Finance
China to raise single mobile transaction limit to US$5,000 for overseas travelers
China will guide major payment platforms to raise the single transaction limit for overseas travelers using mobile payments from 1,000 US dollars to 5,000 US dollars.
2024-03-01 21:23
0
Finance
Financiers honored for contributions to Shanghai's growth
City's financial industry, with more than 1,700 certified financial institutions, saw output rise 5.2 percent from a year earlier to 864.7 billion yuan (US$120 billion) in 2023.
2024-03-01 20:52
0
Finance
Shanghai Stock Exchange STAR ESG index to debut on March 21
This index, the Shanghai Stock Exchange STAR ESG index, will select the top 50 listed companies in terms of ESG performance.
2024-02-29 13:27
0
Finance
Chinese banks report forex settlement deficit in January
China's commercial banks saw a net forex settlement deficit of 70.1 billion yuan (US$9.9 billion) in January, official data showed on Friday.
2024-02-23 22:23
0
Finance
China's FDI inflow exceeds 112 bln yuan in January
Foreign direct investment (FDI) in the Chinese mainland in actual use stood at 112.71 billion yuan (US$15.86 billion) in January, down 11.7 percent year on year.
2024-02-23 19:07
0
Finance
Chinese commercial banks see profits up 3.2% in 2023
China's commercial banks reported a profit growth of 3.2% in 2023, data from the banking regulator showed on Wednesday.
2024-02-21 20:44
0
New plan released to support foreign R&D centers in Shanghai
New routes make travel to Vietnam easier
HKSAR gov't cancels all property cooling measures
WeChat warns against posting illegitimate content
Foreign firms still bullish on China market
Xiaomi to start sales of its first cars from March 28
Siemens Advanta establishes China headquarters in Suzhou
China's auto sales up 11.1 pct in first 2 months
China to make housing development plans for 2024, 2025
Apple to expand applied research lab in China
Thousand-plus domestic and international charter flights planned from Shanghai
Survey shows increase in satisfaction of Shanghai shoppers
US CPI accelerates to 3.2% in February amid continued inflation pressure
Heinz pops up at popular outdoor space with local restaurants
New guideline bolsters financial support for rental housing market
Panasonic to continue to delve into Chinese market, says Panasonic VP
Shanghai to beat even New York City with new Apple store
Mercedes-Benz, BMW register NEV charging joint venture in Beijing
China's exports of new energy passenger vehicles up in February
Survey identifies winners and losers in domestic smartphone market
Shanghai relaxes housing policies for non-locals
Video game giant Electronic Arts announces job cuts
RV, camping exhibition scheduled in Shanghai as market surges in China
Apple to extends research capabilities in Shanghai and Shenzhen
Action plan identifies major tasks to boost consumption
East China Fair 2024 to open on Friday at Shanghai expo center
How port cooperation helps enterprises in Beijing-Tianjin-Hebei region go abroad
Meta's Facebook, Instagram back up after global outage
China concerned about US probe into 'connected' vehicles: MOC
Hong Kong court orders liquidation of China's Evergrande
Sinopec has built over 6,000 EV charging stations
AI developer festival to open in Shanghai this month
Dishui Lake Financial Bay construction speeding up
Chinese carmaker FAW Group reports robust sales in Jan-Feb
Gradation certificate at provincial level issued
China's fixed-asset investment in railways hits 65.2 bln yuan in Jan-Feb
China's PPI down 2.7% in February
China pavilion at World Expo breaks ground in Japan's Osaka
China to launch real estate financing coordination mechanism
Volvo launches Phase IV of its Asia-Pacific Headquarters in Jiading
China has 3,617 listed manufacturing companies by January
SenseTime founder 'revived' by AI technology
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Business Times - Business & Financial News, China & International Breaking News
>Business Times - Business & Financial News, China & International Breaking News
Wednesday, March 13, 2024
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Business Times - Business & Financial News, China & International Breaking News
Top news
U.S. Intelligence Warns of Potential Chinese Influence Through TikTok in 2024 Elections
During a recent House of Representatives intelligence committee hearing, U.S. Director of National Intelligence Avril Haines addressed the growing concerns surrounding TikTok, the popular social media app owned by Chinese company ByteDance.
Apple to Allow Direct iOS App Downloads from Websites in EU, with Strict Developer Requirements
Apple has announced plans to allow some developers to distribute their iOS apps directly from websit
JPMorgan's Jamie Dimon Softens Stance on Bitcoin Amid Market Surge
Boeing Fails 33 Out of 89 Tests During FAA's Six-Week Audit of 737 Max Production
Bitcoin Soars to Record High Above $71,000 as UK Allows Crypto-Backed Exchange-Traded Notes
Ganfeng Lithium's Chairman Projects Long-term Growth in Lithium Market Amid Global Energy Shift
FDA Finds Lead Contamination in Six Brands of Ground Cinnamon, Urges Voluntary Recall
Features
Haitian Prime Minister Ariel Henry Resigns Amid Mounting Chaos and Gang Violence
Biden Directs U.S. Military to Build Port in Gaza for Humanitarian Aid
China Slams US Trade Controls, Demands UN Membership for Palestine
More News
Jeffrey Epstein's Sealed List Stirs Speculation: 150 Names Hang in Balance
The court has deferred the unsealing of a list containing over 150 names connected to Epstein until at least January 22, 2024, granting a temporary reprieve to those embroiled in the controversy.
Viral Video Sparks Debate on Kimmel's Ties to Epstein's Chef Amid NFL Star's Accusations
Early Abdication Speculation: Will King Charles Follow Queen Margrethe's Lead?
OPEC+ Reconvenes in Early February: Oil Prices Plunge Amidst Market Speculation
On Tuesday, oil prices took a plunge during trading hours following reports from anonymous delegates indicating that OPEC+ plans to resume its regular
Apple Faces Bleak 2024 with Major Drop: Barclays Warns of Cooling iPhone Demand
Claudine Gay Resigns as Harvard President Amid Controversy and Investigation
China
Beijing's Crackdown Meets Resistance: Jimmy Lai's Not Guilty Plea in Security Law Trial
Hong Kong tycoon and pro-democracy advocate Jimmy Lai stood firm in his plea of not guilty to charges of endangering China's national security.
Xi Jinping Revives Aggressive Stance with Diplomatic Iron Army Directive
China CDC Assesses Low Public Health Risk from JN.1 Variant Amid Rising Respiratory Diseases
More China News
Global
Mass-Emailed Bomb Threats Lead to Evacuations, Security Scramble Across U.S. State Capitols
In an alarming series of events that underscored the heightened security concerns facing the nation, Capitol buildings across several states were evacuated and searched due to mass-emailed bomb threats.
Terror Strikes Iran: Over 100 Killed in Memorial Ceremony Explosions
Israel Strikes Beirut and Iran Deploys Ships to Red Sea, Escalating Middle East Tensions
More Global News
China
U.S. National Debt Hits Record $34 Trillion Amidst Political Gridlock, Raising Long-Term Risks
The U.S. Department of the Treasury revealed that, as of last Friday, the federal debt has surpassed $34 trillion, setting a new record. This amount equals 1.2 times the U.S. GDP. Moreover, this milestone was reached faster than expected. The Congressional Budget Office had forecasted this debt level wouldn't be hit until the fiscal year 2029.
UK Economy Stagnant Ahead of Next Election: Challenges Persist
Eurozone Near Recession: Manufacturing PMI Shrinks for 18th Consecutive Month
More Economy News
Finance
China's Banking Giants Tighten Grip to Shield Against Credit Crisis: Report
China's prominent banks are strategically reassessing their relationships with smaller lenders amid a deepening property crisis.
Cryptocurrencies Plunge on Wednesday, Analysts Doubt Bitcoin ETF Approval
Anticipation Builds for SEC's Bitcoin ETF Decision Amid Tight Timelines
More Finance News
Company
Maersk Hesitates to Resume Sailing, Questioning the Efficacy of US 'Red Sea Escort': Shipping Leaders See Stock Surge
The global shipping market continues to face uncertainty.
Netherlands Revokes Export Licenses for ASML Lithography Machines, China to Closely Monitor Developments
GAP Expands in China but Struggles to Shake Off Exit Perceptions
More Company News
Tech
US Streaming Market in Disarray: Subscriptions Drop as Inflation and Competitive Pressures Mount
The US streaming market is facing a tumultuous period as inflation continues to bite into American living costs, making it increasingly challenging for streaming services to retain customers. Many companies are under intense pressure to cut costs and improve efficiency while trying to lower service prices and enhance value for money to survive in the market.
DJI Scales Back on K12 Education Robotics:
Apple's Market Value Dips by $107 Billion Amidst Worst Daily Decline Since August
More Tech News
Entertainment
Prince Harry Speaks Out, Meghan Markle Shows Strain: The Sussexes' Struggle for Individuality
BTS Jimin's Digital Single 'Closer Than This' Sweeps Japanese Charts, Uplifting Korean Song Pride
More Entertainment News
Sports
Jadon Sancho Nears Manchester United Exit for Borussia Dortmund Return
Manchester United's Jadon Sancho is reportedly on the brink of a sensational return to Borussia Dortmund, his former club. As the January transfer window unfolds, the talks between the two football giants are said to be advancing rapidly, with both parties keen on a deal that would see Sancho back in action in the Bundesliga.
Cristiano Ronaldo Tops Global Football Earnings with €235 Million in 2023
Liverpool Joins Real Madrid and PSG in Battle for Mbappe's Signature
More Sport News
Lifestyle
LVMH Fund Invests in Chinese Beauty Brand Blankme's Parent Company, Signaling Confidence in the Industry
L Catterton, the private equity fund of LVMH Group, has made another investment in a Chinese company, this time in the parent company of Blankme, a domestic makeup brand specializing in base makeup products.
De Beers Panics as Diamond Myth Crumbles, Launches Major Campaign in China Amid Falling Prices
AI Revolution Could Lead to 4-Day Workweeks for Millions in US and UK, Study Finds
More Lifestyle News
Real Estate
Warning from Fitch: 88% of Major U.S. Cities Have Overvalued Housing Prices
According to reports, Fitch Ratings' latest report indicates that 88% of housing prices in major U.S. metropolitan areas are overvalued.
Evergrande's Unit Takes Legal Action Against Parent Company Over $279 Million Pledge Guarantees
China Evergrande's New Equity Offer Draws Bondholders' Doubts Amid Debt Challenge
More Real Estate News
Auto
Toyota's Daihatsu Temporarily Halts Production Amid Fabrication Scandal, Plans Compensation for 423 Suppliers
Following a series of safety scandals, Daihatsu Motor Co., Ltd., a wholly-owned subsidiary of Toyota Motor Corporation specializing in the production of mini-vehicles, announced on the 25th that it would compensate 423 domestic suppliers with whom it has direct business relationships.
Xiaomi Unveils SU7 in Bold Entry into Electric Vehicle Market
Tesla Reportedly Opts Out of Performance-Based Stock Incentives for Employees Amid Cost-Cutting Measures
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IDF Targets Hezbollah Infrastructure Deep in Lebanon as Lebanon-based Group Fires Over 100 Rockets at Golan Heights and Galilee
Inflation Surges Unexpectedly in February, Pressuring Fed's Rate Decision
United Airlines Faces Another Emergency Landing Due to Maintenance Issue, Marks Fifth Incident in a Week
Xiaomi Set to Enter EV Market with SU7 Launch, Aims for Global Top Five
Former Mar-a-Lago Employee Brian Butler Speaks Out, Says Trump Classified Docs Case 'Is Not a Witch Hunt'
Boeing Whistleblower John Barnett Found Dead Days After Testifying in Lawsuit Against Company
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Gas Leak Triggers Fatal Explosion in China's Hebei, Killing Two and Injuring 26
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China Warns US TikTok Ban Would Be 'Act of Bullying' and Backfire on America
Special Counsel Robert Hur Reveals White House Requested Revisions to Biden's Memory Lapses in Report
Biden and Trump Secure Nominations, Setting Stage for 2024 Presidential Rematch
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Prince Harry and Meghan Markle's Secret Desire for Part-Time Royal Return Revealed
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New COVID-19 Variant JN.1 Spreads Rapidly in the U.S. During Holiday Season
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mRNA Pioneers Clinch Nobel Prize in Medicine for Groundbreaking COVID-19 Vaccine Work
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New COVID-19 Strain EG.5 Earns Watchful Eye from WHO; Global Risk Remains Low
China's Expert Recommends COVID-19 Booster Shots for Vulnerable Populations, Optional for Under 50s
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Samba and tango: the shared currency plan
South America’s two biggest economies, Brazil and Argentina, are planning to create a joint currency called ‘Sur.’ But can it work?
2021 | News | World Finance Awards
World Finance Pension Fund Awards 2021
As in all markets, it seems that sustainability is on an unalterable rise and pension funds are no different. They will see a transformation in the coming years, but the work must begin now if climate goals are to be met
Featured | News
EU chief reveals plans for post-pandemic recovery
In her first State of the Union address, EU Commission chief Ursula von der Leyen unveiled plans to get Europe’s battered economy back on track through a green new deal
Featured | News
Universal basic income gains support during the pandemic
The crisis on by COVID-19 has prompted many economists and policymakers to rethink their stance on universal basic income
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Credit Suisse to launch digital banking app in October
Switzerland’s second-largest bank hopes its new app will rival fintechs like Britain’s Revolut and Germany’s N26
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US weekly jobless claims fall below one million
Initial claims dropped to a five-month low, but the US Labour Department says this doesn’t signal a strong recovery in the labour market
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Japanese Prime Minister Shinzo Abe to resign
Abe’s announcement that he will be stepping down for health reasons comes as Japan’s economy sinks deeper into recession
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Australia confronts the difficulties of curbing economic ties with China
As tensions rise between Australia and its largest trading partner, China, the former asks whether it can really afford to sever economic ties
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Indian central bank keeps interest rate unchanged as inflation rises
With India’s economy weakening and inflation rising, the Reserve Bank of India has decided to keep interest rates on hold in its August policy review meeting
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Germany’s radical fiscal policy shift, and why it won’t last
Germany has a long history of saving for crises. Now that it’s in the midst of one, the country’s fastidious commitment to budget-balancing has been vindicated
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Spain’s unemployment rate rises to 15.33 percent
Joblessness in Spain has hit its highest level since 2018 as experts warn that the country’s labour market will take a long time to recover from the pandemic’s impact
Banking | News
IMF approves $498m disbursement to Ecuador
The International Monetary Fund has confirmed it will release $498m to aid Ecuador’s economic development
Featured | Markets | News | Technology
Europe takes a “risk-based” approach to 5G restrictions following US lobbying against Huawei
Huawei is likely to face resistance establishing its 5G mobile networks in Europe amid fears of Chinese data misuse and US pressure
Featured | News
Ukraine secures fresh IMF funding amid Russian tensions
A fiscally responsible 2019 budget has convinced the IMF to resume aid to Ukraine. The $3.9bn commitment will offer a much needed boost to the country as it faces up to escalating Russian aggression
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Top 5 political events that rocked the global economy
Political events can have huge effects on the global economy. Millicent Angel examines some of the most significant examples across the 20th and 21st centuries
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