Tag: china
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Small aircraft crashes into Beijing’s tallest building, eyewitnesses say
BEIJING: An aircraft about the size of a car crashed into Beijing’s tallest building, CITIC Tower, on Friday (Jun 26), two bystanders told Reuters, as police closed off roads around the skyscraper and stopped passersby from filming the scene.The building, known as CITIC Tower or China Zun, is a 108-storey sky
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Nike’s turnaround ‘not enough’ to remain bullish on the stock, KeyBanc says
Nike has made some progress under its “Win Now” strategy, but signs of opportunities to drive considerable upside to the stock are still missing, per KeyBanc.
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Europe depends on China. Here’s where China still depends on Europe
While Europe’s dependence on China is widely recognized, China’s reliance on the EU in key technologies is often overlooked. Despite its push for technological self-reliance, Beijing still depends on European capabilities in critical areas. #EuropeNews
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Airwallex hits $11 billion valuation with $320 million raise as fintech pushes into finance run by AI agents
Airwallex raised $320 million to build the financial infrastructure powering a world where AI agents handle business payments and finance.
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China’s top auditor says major state banks have committed tax evasion or lending violations
Bank of China evaded paying 2.4 billion yuan (US$352 million) in tax while Agricultural Bank of China illegally issued 11 billion yuan in loans to farmland projects, says China’s top audit body.
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Luxury spending now driven by experiences and ‘inheritourism’
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
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Second worker dies at BYD’s Hungary factory already under scrutiny for labor practices
A second worker died at the construction site of BYD’s electric vehicle factory in Hungary, CNBC has learned.
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China targets face of international space cooperation in corruption crackdown
Senior Chinese defence industry official Bian Zhigang was also deputy director of the China National Space Administration (CNSA).
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Commentary: Can WeChat become China’s killer AI app?
If Tencent can manage it, China’s killer AI app won’t need to be built from scratch, says Catherine Thorbecke for Bloomberg Opinion.
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IMF to closely monitor China’s economic growth amid trade tensions
An accurate measurement of China’s digital economy is a priority for other powers competing with Beijing in fast-developing technologies.
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