The EU is investigating the Chinese shopping app over suspicions it’s failing to protect customers. Coming under the bloc’s Digital Services Act, can the probe slow Temu’s race to the top of online shopping? Confronting...
The crisis around Volkswagen hits at the very heart of German engineering excellence. It’s a legend among European automakers, but can it survive the jump to EVs and beat out Chinese competition? It’s hard to...
The US dollar is mostly softer ahead of the September CPI. The euro and Canadian dollar have recorded new lows for the move. The greenback extended its gains against the yen to JPY149.55 but has...
Hungary wants to become a key producer of electric vehicle batteries. Government spending has attracted investments, including a new Chinese gigafactory. The sound of whirring, rattling and bleeping fills the springtime air as excavators and...
Not too many surprises are expected from the 20th Congress of the Chinese Communist Party (CCP), which meets from October 16 to 23, except perhaps the promotion of newcomers among the seven members of the...
A major source of banks’ optimism is their various expectations of an economic recovery in 2020. It has to be said that this is not widely shared by other forecasters (including both the Fed and...
A major upheaval is underway in China’s peer-to-peer (P2P) finance sector after numerous cases of fraud and negligence. As loans helped finance cars and property, could the crisis worsen the country’s economic slowdown? It’s not...
The Financial Stability Board (FSB) in its 2013 annual report on Shadow Banking titled, ”Strengthening Oversight and Regulation of Shadow Banking”, defined shadow banking as “credit intermediation involving entities and activities (fully or partially) outside...
Over 120,000 Chinese live in Germany. Most of them are students; the second largest group consists of entrepreneurs. They network with each other — not just for business opportunities, but also for better integration. Zhang...
The systematically depreciating yuan and the house price bubbles in Chinese cities have made the elite nervous. Capital flight has become a priority. Dodging government limits on capital flight has turned into an art. And buying properties...
Americans have a saying about an 800-pound gorilla in a room. It refers to a person or organization so powerful that it can act unilaterally. The British have an expression about an elephant in a...
Shanghai Leishang Cosmetics has said it was sorry over the controversy caused by a racist ad for one of its products. Having caused a major stir on social media it might be too little, too...