LVMH owner Bernard Arnault reportedly visits China after luxury spending rebound
Bernard Arnault, chairman and CEO of LVMH, has reportedly arrived in China for his first visit to the country since the end of its strict Covid restrictions, after his company posted a jump in sales driven by a rapid rebound in China's luxury spending.
2023-06-28 14:47
Shein sent American influencers to China. Social media users are furious
A group of American fashion influencers and creators has received online backlash after they visited a model factory in China as part of a tour sponsored by Shein, an internet shopping giant, and posted glowing reviews.
2023-06-28 12:47
Lordstown Motors files for bankruptcy and sues former partner Foxconn
Lordstown Motors, the EV maker, filed for bankruptcy protection Tuesday and announced a lawsuit against Foxconn, accusing its former partner of setting out to "destroy" its business.
2023-06-27 16:26
China's premier strikes confident tone on economic growth
China's Premier Li Qiang struck a confident tone about expansion in the world's second largest economy on Tuesday, saying growth in the second quarter will be higher than in the first three months of the year.
2023-06-27 11:52
Why PwC is selling part of its business in Australia for less than $1
PwC, one of the world's big four consulting firms, is selling its government advisory business in Australia for just cents after a scandal left its reputation there in shreds.
2023-06-26 18:55
Oil price gains evaporate after short-lived Wagner insurrection in Russia
Gains in oil prices evaporated on Monday after a brief and chaotic insurrection in Russia, with investors questioning whether the turmoil in Moscow could disrupt global energy supplies.
2023-06-26 13:25
Asian markets slide as investors fear more rate hikes by major central banks
Asian stock markets tumbled Friday as investors fretted that more interest rate hikes by major central banks would drag on global economic growth.
2023-06-23 15:17
China's economic planner woos European giants Airbus, BMW despite unresolved tensions over Ukraine
China has signed letter of intent to cooperate with many European corporate giants, as it attempts to mend relations damaged by Beijing's perceived support for Moscow throughout the war in Ukraine.
2023-06-23 14:59
Chinese tech giant Alibaba announces new chairman and CEO succession plan in major shakeup
Joseph Tsai, executive vice chairman and cofounder of Alibaba Group, will succeed Daniel Zhang as chairman, according to an announcement by the Chinese tech giant on Tuesday.
2023-06-20 14:46
Alibaba founder Jack Ma gives first class as visiting professor at University of Tokyo as he retreats from tech empire
Alibaba founder Jack Ma has given his first lecture as a visiting professor to the University of Tokyo, as the high-profile Chinese entrepreneur retreats further from his business empire following a crackdown by Beijing.
2023-06-19 16:56
'Nothing to hide': AIIB will investigate claims of Chinese Communist Party control
A Beijing-based multinational lender is launching an internal review after Canada suspended its ties with the regional development bank, citing explosive claims that the Chinese Communist Party had infiltrated the institution.
2023-06-16 18:46
China's Xi greets 'old friend' Bill Gates in first meeting with a US business magnate in years
Bill Gates met with Xi Jinping on Friday, marking the Chinese leader's first known one-on-one meeting with a Western business figure in years after a new pledge from the Gates Foundation.
2023-06-16 16:20