Analysis: Germany’s leader and top CEOs have arrived in Beijing. They need China more than ever
German Chancellor Olaf Scholz arrived in China on Friday with a team of top executives, sending a clear message: business with the world’s second-largest economy must continue.
‘The worst is behind us’: Hong Kong hosts top global bankers for finance summit
Hong Kong leader John Lee sought to drum up confidence in the city’s future as a global financial hub on Wednesday, as he welcomed some of Wall Street’s top executives to its biggest international event in years.
Mercedes CEO says Europe’s gas crisis will accelerate its shift to renewables
Europe’s gas crisis will be “a catalyst” for Mercedes-Benz to push deeper into clean energy, says its CEO.
Superyacht linked to Russian billionaire mysteriously shows up in Hong Kong
A megayacht linked to a sanctioned Russian oligarch has dropped anchor in Hong Kong, amid efforts by the West to seize the luxury assets of Russian elites in allied ports as the war in Ukraine drags on.
Anti-Asian hate crimes are scaring Chinese travelers away from the US
Cannon Yu lives in Shantou, Guangdong province.
Inflation is stubbornly high. Here’s what this bank exec suggests you do
People around the world are searching for ways to shield themselves from the impact of stubbornly high inflation, and the rich are no exception.
The Rhine is shrinking, endangering Europe’s top economy
Germany’s Rhine river is getting too dry, snarling supply chains and creating more problems for its struggling economy.
How inflation pushed KFC to put chicken feet on the menu in China
For years, KFC customers in China wondered why the chain didn’t sell chicken feet, which are a delicacy in the country.
First on CNN: BTS is coming to Disney in a major streaming deal
Disney is bringing BTS to its streaming services, adding the world’s biggest band to its roster of digital stars.
Tesla is still battling spying suspicions in China
Tesla cars are being kept off some roads in China as authorities bar them from sensitive areas, reportedly including a seaside resort town where a top leadership gathering could take place next month.
Traders sleep by their desks as China's financial hub locks down
China's banks and investment firms are calling on essential staff to live at the office this week to avoid any trading disruption during Shanghai's massive Covid lockdown.
Luckin Coffee is back and bigger than Starbucks in China
Luckin Coffee, the Chinese startup that became mired in a fraud scandal and was kicked off Wall Street two years ago, is making a comeback.
Didi's disastrous foray onto Wall Street is over
Shareholders voted Monday in favor of Didi's plan to quit the New York Stock Exchange less than a year after China's largest ride-hailing firm launched its $4.4 billion initial public offering.
Top dealmaker says Chinese markets are 'close to the bottom'
One of China’s top investment bankers says the country’s stock markets appear to be nearing “the bottom.”
SoftBank reports record $27.5 billion loss on crashing tech stocks
SoftBank's mega tech funds lost more than $27 billion in the last fiscal year, by far their worst performance on record.
Saudi Aramco eclipses Apple to once again become the world's most valuable company
Saudi Aramco has overtaken Apple as the world's most valuable company, underscoring the recent surge in oil prices that have boosted the energy giant this year.
HSBC's biggest shareholder reignites debate about breaking up the bank
HSBC has long prided itself on being the bank that connects East and West. Now it's under pressure to rethink that model after a challenge from its top shareholder, one of the most powerful finance companies in China.
People in Beijing can now book a taxi with no one at the wheel
For the first time in China, people will be able to get a taxi ride without anyone behind the wheel.
Palm oil is in half your groceries. Here's why prices might shoot up
Indonesia will start restricting exports of palm oil this week, a move that could make the global food crisis worse and push up the prices of hundreds of consumer products.
Chinese officials are 'painfully aware' of economic fallout from lockdowns: European Chamber President
Chinese officials are grappling with the economic distress caused by their Covid-19 restrictions, as several cities remain in lockdown, according to the head of a European trade group.