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Luxury brands have a new headache in China: Stingy shoppers are returning their goods, erasing up to 75% of their sales value

This unusually high rate of returns — well above the 20% to 30% that consultancy Sanford C. Bernstein considers normal in the global luxury industry...

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Bloomberg

German chancellor walks tightrope as he travels to China to discuss dumping, overproduction, and copyright violations

If Beijing doesn’t heed European warnings to end discriminatory business practices, Brussels will have no choice but to escalate trade defense...

15.04.2024 7

Fortune

Bloomberg

One of China's top bankers steps down after his brother, known as the 'broker butcher,' becomes the country's chief markets regulator

Wu Qing, head of the China Securities Regulatory Commission, is the older brother of Wu Bo, president of China International Capital Corp.

11.04.2024 9

Fortune

Bloomberg

Chinese cement company’s shares mysteriously lose 99% of their value in just 15 minutes

China Tianrui Group Cement Co. said trading in its Hong Kong-listed shares has been halted from 9 a.m. local time, pending an announcement related to...

10.04.2024 9

Fortune

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Man stabs Russian governor in the stomach because he 'disliked' him – the most dangerous assault on a high-ranking official in over a decade

The attack took place in Murmansk where Russia’s biggest companies, such as MMC Norilsk Nickel PJSC and fertilizer producer PhosAgro PJSC operate.

05.04.2024 10

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Tesla's China rivals cut prices to take advantage of Musk carmaker's new hike of Model Y price

Tesla shipments recorded a decline in the first two months of 2024 from the same period a year ago while overall passenger vehicle sales in China...

01.04.2024 10

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Bloomberg

Baltimore Bridge expected to trigger "one of the largest marine losses in history", says Lloyd's of London

A multi-billion dollar loss is on the cards, but the CEO of the world's largest insurance marketplace says the costs are "manageable".

28.03.2024 7

Fortune

Bloomberg

Daniel Kahneman, the psychologist who won a Nobel for upending economics, dies at 90

Kahneman's work casting doubt on the rationality of human decision-making helped spawn the field of behavioral economics.

27.03.2024 2

Fortune

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China’s President Xi meets with U.S. CEOs from FedEx, Blackstone and Qualcomm as Beijing tries to boost confidence in its economy

China is trying to show it welcomes foreign businesses, but whipsawing tensions with Washington, a shaky economic recovery and raids on consulting...

27.03.2024 9

Fortune

Bloomberg

Apple CEO Tim Cook praises Tesla-beating BYD on China visit, pushes AI-infused environmental theme as geopolitical tensions loom

Apple has had to navigate an escalated ban on iPhones in Chinese government-run or state-backed businesses.

24.03.2024 20

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China woos CEOs of Apple, chipmakers, pharma giants as geopolitical tensions mount: ‘The risk-reward has changed’

Foreign businesses’ direct investment into China last year increased by the lowest amount since the early 1990s.

23.03.2024 10

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China is investigating the role of Big 4 accountant PwC in $78 billion Evergrande fraud case

The country’s securities regulator this week accused Evergrande’s main onshore subsidiary Hengda Real Estate Group of recognizing sales in advance...

22.03.2024 10

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Tesla has cut EV production at its China plant amid sluggish sales growth and intense competition in world’s biggest car market

The automaker told employees to lower production of both the Model Y and Model 3 by working five days a week instead of the usual 6 1/2 days, sources...

22.03.2024 10

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Putin prompts his vision after victory in presidential elections

Putin dismissed prospects for a halt to the war in a televised interview last week, saying he’s not interested in a “pause” that would allow...

18.03.2024 10

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EV competition in China is so fierce that built-in fridges are passé and Tesla-beating BYD offers drones and gaming-friendly detachable steering wheels

"While legacy automakers still only focus on the drivability of a car, Chinese companies are not satisfied with that."

11.03.2024 40

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Britain has the most ‘fragile firms’ in Europe

The figures follow official data showing the U.K. slipped into a recession at the end of last year, with many analysts expecting stagnation for the...

28.02.2024 7

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Self-made billionaire who became China's richest man by winning a corporate war with France's Danone dies at 79

Zong Qinghou, the founder and chairman of Wahaha Group, died of illness at a hospital on Sunday. He never attended high school.

27.02.2024 20

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'Markets are brutal': China's hedge funds flail in pre-Lunar New Year 'quant quake' as authorities promise more regulation

Quants had "one sleepless night after another", according to one fund, as they dealt with market swings and government intervention.

23.02.2024 4

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China just recorded the lowest level of foreign direct investment since 1993

China’s direct investment liabilities in its balance of payments stood at $33 billion in 2023, according to SAFE data, 82% lower than the 2022...

20.02.2024 10

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Putin praises ‘predictable’ and ‘old-style’ Biden as more reliable alternative for Russia than Trump

In his first public comments on the American presidential election.

15.02.2024 20

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Bloomberg

China's $7 trillion stock rout is getting so bad that officials are briefing President Xi Jinping on how they plan to rescue markets

China- and Hong Kong-listed equities have lost $7 trillion in value since their peaks in 2021.

06.02.2024 10

Fortune

Bloomberg

King Charles is being treated for cancer discovered in the course of 'routine' prostate treatment, and will step back from public duties

Prince Harry has spoken to the king about the diagnosis and will travel to the UK from California to see his father in the coming days, according to...

05.02.2024 3

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Russian rockers opposed to Ukraine war face deportation home from Thailand as Kremlin aims to ‘frighten everyone living abroad’

Members of Bi-2, a self-exiled rock group, may face criminal charges in Russia, alarming Kremlin opponents who fled abroad.

28.01.2024 5

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Nvidia CEO Jensen Huang made a quiet Lunar New Year’s visit to China as the almost $1.5 trillion chipmaker tries to navigate Biden’s chip controls

Huang has warned that U.S. efforts to kneecap China's chip industry could backfire, instead driving the country to make its own semiconductors.

22.01.2024 10

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'Nobody’s heard anything at all': Jeff Bezos promised $100 million after Maui wildfire but locals are mystified about where it's going

A spokesperson for Bezos said he and his fiancée have given $15.5 million, but declined to name the recipients—and local officials don't know where...

19.01.2024 10

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Bloomberg

China’s population continued its record plunge in 2023 as total falls 2.1m on COVID deaths and low birth rate

The Chinese population started shrinking in 2022 for the first time since 1961, the final year of the Great Famine under former leader Mao Zedong.

17.01.2024 9

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Bloomberg

China’s Xi touts 'manufacturing prowess' in electric vehicles and passenger planes amid growing signs of weakness in economy

Investor confidence has plummeted as concerns over Beijing’s opaque policymaking persist.

01.01.2024 3

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OTHERS SAY: Don’t give in to gloom on Ukraine

28.12.2023 8

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Tesla plans to roll out revamped Model Y next year in bid to beat increasingly hot competition in China

Elon Musk is facing a headache as rivals in China ramp up their market share.

27.12.2023 7

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Bloomberg

'It's like Lego.' German entrepreneur seeks $269 million to revamp container ships for new modular floating hospitals

Health-care entrepreneur Ulrich Marseille seeks to fund a new venture that will build and operate customized hospital ships to provide emergency...

19.12.2023 10

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OTHERS SAY: Let’s make a deal (and save Ukraine)

18.12.2023 7

Arkansas Online

Bloomberg

China's middle class battered by real-estate meltdown and it 'might just be the beginning of more wealth losses'

Household wealth is melting away for many as the world’s second-largest economy struggles to regain momentum.

18.12.2023 4

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Bloomberg

China’s deflation fears intensify as consumer prices fall at steepest pace in three years

Deflation is dangerous for China because it can lead to a downward spiral of economic activity.

09.12.2023 8

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Bloomberg

'You cannot taser the housing crisis': Ireland shaken by rioting Gen Z Dubliners lashing out amid anti-immigrant disinformation

“A lot of the stuff around immigration boils down to housing,” says housing policy analyst Lorcan Sirr.

06.12.2023 6

Fortune

Bloomberg

China's credit rating outlook cut to negative by Moody's

Beijing pushed back soon after the outlook change was announced, saying it was “disappointed” with Moody’s decision.

05.12.2023 10

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Bloomberg

COLUMNIST: Running out of time for high school seniors

05.12.2023 4

Arkansas Online

Bloomberg

China's youth unemployment crisis has millennials quitting the city for the country and the farming life—that their parents escaped

“Whenever I get anxious and sad about my next step, I would tell myself: let’s lie flat a bit and just focus on the work now,” says 24-year-old...

04.12.2023 8

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OTHERS SAY: Needed: A real ethics code for the Supreme Court

29.11.2023 5

Arkansas Online

Bloomberg

China tells the WHO that known germs—not a new novel virus like COVID-19—are behind surge in kids’ pneumonia

The Chinese CDC and Beijing Children’s Hospital told the WHO that the surge is due to the spread of mycoplasma pneumoniae, respiratory syncytial...

24.11.2023 20

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Bloomberg

It’s not the time to regulate AI

All of a sudden there is a flurry of activity around artificial intelligence policy. On Oct. 30, President Joe Biden issued an executive order on the...

05.11.2023 7

Arkansas Online

Bloomberg

Why no recession yet?

American consumers keep buying despite high inflation and the contractionary policy of the Federal Reserve. They deserve thanks not only for the...

30.10.2023 8

Arkansas Online

Bloomberg

‘Peak Oil’ will arrive by 2030, IEA predicts for the first time

The predicted peak, which the agency also anticipates for coal and natural gas, doesn’t mean a rapid plunge in fossil fuel consumption is imminent.

24.10.2023 30

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Bloomberg

No risk-takers here

Over the last 60 years in nearly every wealthy country, the amount of time parents spend with their kids has steadily increased. While parental...

24.10.2023 7

Arkansas Online

Bloomberg

Anxiety is gripping China’s stock market more than anytime in the past year as the 'Fear and Greed' indicator slumps

The Fear and Greed indicator, measuring buying strength versus selling strength, for the Shanghai Composite fell to its lowest level since October...

24.10.2023 4

Fortune

Bloomberg

China's latest war against Taiwan-based Foxconn has 'all the hallmarks of a political crackdown' and adds to a push to put foreign firms on notice

Beijing has been intensifying its scrutiny of Western businesses amid growing geopolitical tensions.

23.10.2023 7

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Country Garden blames 'deep correction' in China's home market as it signals first-ever default is looming

Country Garden's $186 billion of total liabilities make it one of the world’s most indebted builders.

18.10.2023 6

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Bloomberg

Baidu claims its Ernie AI chatbot is now as good as ChatGPT months after weak rollout spooked investors

China’s search leader, often referred to as a homegrown equivalent to Google, is pinning its hopes on AI to help it surpass rivals.

17.10.2023 7

Fortune

Bloomberg

China’s central bank governor sees growth improving, ‘manageable’ debt risks, and ‘signs of recovery’ in real estate market

Pan Gongsheng spoke on Saturday at the International Monetary Fund’s annual meetings in Marrakech, Morocco.

14.10.2023 9

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Bloomberg

OTHERS SAY: Israel’s war against terror

The images from Israel last weekend were horrific. This murderous Palestinian assault deserves only one response from the world: outrage, and...

12.10.2023 5

Arkansas Online

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EU pushes Elon Musk to rein in ‘fake and manipulated images and facts’ about Israel-Hamas war on X

European Commissioner Thierry Breton also cited reports of “repurposed old images of unrelated armed conflict or military footage that actually...

11.10.2023 8

Fortune

Bloomberg

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