HSBC is ‘very positive’ about the future of China’s economy, CFO says
HSBC is “very positive” about the mid- to long-term outlook for the Chinese economy despite the current headwinds, the British bank’s CFO told CNBC.
Former Treasury Secretary Mnuchin is putting together an investor group to buy TikTok
Mnuchin did not specify who the other investors would be in such a deal or the potential valuation for the social media site.
SpaceX’s Starship notches major flight test milestones, breaks up over Indian Ocean in final moments
SpaceX launched the third test flight of its Starship rocket on Thursday, as the company pushed development of the mammoth vehicle past new milestones.
Wholesale inflation rose 0.6% in February, much more than expected
The producer price index for February was expected to increase 0.3%, according to the Dow Jones consensus estimate.
The U.S. wants ByteDance to sell TikTok. China is almost certainly going to refuse
China is expected to block a sale of TikTok if Washington passes a law to force the Chinese-owned social media app to divest its U.S. business.
European Central Bank chief economist: Must ‘take our time’ on rate cuts, clearer picture due in June
“We do have to take our time to get that right, from holding to dialing back restriction,” Philip Lane.
EU opens probe into Alibaba’s AliExpress over illegal content, pornography on platform
The European Commission on Thursday said it opened a formal investigation into AliExpress, an international e-commerce website run by Chinese tech giant Alibaba.
Apple supplier Foxconn turns upbeat on 2024, cites huge demand for AI servers
Apple supplier Foxconn has adopted a far more bullish outlook for this year, saying on Thursday it expects booming demand for artificial intelligence servers.
Oil giant Shell waters down its near-term emission cuts in strategy update
British oil giant Shell on Thursday announced plans to moderate its near-term carbon emissions cuts.
This 31-year-old spent $20,000 to travel after he was laid off
Peter Lancaster, 31, was laid off from his tech job in Silicon Valley. He used his time unemployed to backpack around South America and Asia for 8 months.
