China’s economic model is ‘washed up on the beach,’ says veteran investor David Roche
China’s economic model is “washed up on the beach” and “not going to take off again,” which will have a big impact on global markets, says veteran investor David Roche.
Top China official urges more secrecy in the country’s energy sector
National security has been a focal pillar of the Beijing administration since President Xi Jinping stepped into power.
World’s longest, deepest rail tunnel to close for months after freight derailment in the Swiss Alps
Recognized as a feat of engineering, the Gotthard Base Tunnel through the Swiss Alps is a vital thoroughfare for goods and cargo.
Global smartphone market to hit decade low in 2023 but Apple could take top spot, research shows
Counterpoint Research said it expects smartphone shipments in 2023 to decline 6% year-on year to 1.15 billion devices, the worst in a decade.
Europe’s Stripe rival Adyen dives 39% after slowest sales growth on record
Adyen reported revenue of 739.1 million euros ($804.3 million) in the first half of the year, up by 21% from 2022, but below analyst estimates.
China is considering countermeasures to Biden’s executive order
China signaled it would respond if needed to the Biden administration’s executive order to restrict U.S. investments in advanced Chinese technology.
Russia’s inflation spike sets Kremlin and central bank on collision course
Russia’s rising inflation and plunging currency have spotlighted an emerging discord between the Kremlin and the country’s central bank.
CNBC Daily Open: Inflation and interest rates might go higher, warns the Fed
The fight against inflation isn’t over. And there’s a risk interest rates have to go higher. That’s the key takeaway from minutes of the Fed’s July meeting.
Chinese asset manager Zhongzhi says it faces a liquidity crisis, Reuters reports citing meeting video
Beijing-based Zhongzhi has hired one of the Big Four accounting firms to conduct a comprehensive audit of the firm, and is seeking strategic investors.
Japan trade data dims growth prospects as China leads decline in Asia exports
Exports to Asia plunged almost 37%, while those to China contracted 13.4% in an eighth consecutive monthly decline, underscoring the extent of the slowdown.
