BUSINESS
In the latest chapter of ongoing tensions between TikTok and the U.S. government, the wildly popular social media platform has filed a lawsuit against the latter. The legal action comes in response to a new law mandating the app's divestment from its Chinese parent company, ByteDance, or face an outright
American Businesses to Biden: End Trade War With China and Restart Trade Talks
In 2018, President Donald Trump slapped tariffs and other trade barriers on China due to the country’...
CNN Dumps Unvaccinated Staffers in Continuing Pattern of COVID Hysteria
“Let me be clear — we have a zero tolerance policy on this,” wrote CNN President Jeff Zucker in a memo...
Beijing’s Tech Crackdown Highlights Political Risks in China
News analysis On June 30, Chinese ride-hailing company Didi Chuxing listed on the New York Stock Exchange...
Beijing Continues to Open Up Financial Sector, But Tightens Control Over Foreign Investment
China is committed to opening up its financial sector, according to a State Council executive meeting...
France to Imprison Vaccine Passport-Defying Business Owners for up to 1 Year
Draft text of a new French law announced by President Emmanuel Macron on July 12 requiring citizens to...
Online Startup KakaoBank Challenges South Korea’s Traditional Banking System
South Korea’s traditional banking sector is facing stiff competition from emerging digital banking platforms...
Bitcoin Miners Flee China Amidst CCP Crackdown, Many Heading for Texas
China is responsible for around 70 percent of Bitcoin blockchain operations in the world, mostly concentrated...
Didi Investor Temasek’s Portfolio Value Surges as China Cracks Down on Companies, Calls for Protecting
Singapore-based Temasek Holdings has reported a 24.5 percent increase in its portfolio value for the...
Slowdown in Earnings, Nike Chief Executive Assures Beijing His Firm Is ‘A Brand of China’
Nike recently held a conference call with Wall Street analysts about the company’s fourth-quarter earnings...