A man rides an electric bike past the Tencent headquarters in Nanshan district of Shenzhen, Guangdong province, China September 2, 2022. REUTERS/David Kirton Tencent Holdings Ltd (0700.HK) is raising its stake in Ubisoft Entertainment SA (UBIP.PA) in a deal that values France’s biggest games developer at almost $10 billion, as deep-pocketed Chinese firms continueContinue Reading
Russia and China called in a joint statement on Friday for NATO to halt its expansion while Moscow said it fully supported Beijing’s stance on Taiwan and opposed Taiwanese independence in any form. The joint statement, including harsh criticism of the United States, was issued during Russian President Vladimir Putin’sContinue Reading
In public, Binance said it welcomed government oversight. At the same time, the firm was withholding information from regulators, maintaining weak checks on customers and acting against its own compliance department’s recommendations, a Reuters investigation has found. By ANGUS BERWICK and TOM WILSON Filed Jan. 21, 2022, 1:05 p.m. GMT ATTARD, Malta – InContinue Reading
Fossil fuel emissions aren’t just driving climate change and worsening air quality, they’re also hurting crop yields enough to cause some $63 billion in annual losses in East Asia, scientists say. With high levels of ozone pollution, China, South Korea and Japan are seeing diminished yields in wheat, rice, andContinue Reading
Starbucks (SBUX.O), which has seen sales slow in China due to COVID-19’s fallout, is attempting to widen its reach in its second-biggest market globally by distributing its coffees through the country’s dominant food delivery firm, Meituan. The U.S. coffee chain said on Tuesday it has entered into a partnership with Meituan (3690.HK) thatContinue Reading
Alibaba Group today kicked off its 2021 11.11 Global Shopping Festival. (Photo: Business Wire) October 20, 2021 03:21 AM Eastern Daylight Time SHANGHAI–(BUSINESS WIRE)–Alibaba Group Holding Limited (NYSE: BABA; HKEX: 9988) today officially kicked off its 13th annual 11.11 Global Shopping Festival (“11.11” or “Festival”) with an emphasis on sustainabilityContinue Reading
Bitcoin holds ground after China voices support for blockchain Bitcoin held ground on Monday near a one-month high scaled over the weekend after China’s president Xi Jinping said the world’s second biggest economy should accelerate the development of blockchain technology. Blockchain, a digital ledger that forms the backbone of manyContinue Reading