Date
3 January 2020

BUSINESS

  • Ushering in 2020, it’s time to make some predictions as to what lies in store for us from the all-important technology sector in the year ahead. One big underlying theme, most analysts agree, will be 5G,...
  • US electric vehicle maker Tesla Inc. cut the starting price for its China-made Model 3 sedans by 16 percent to 299,050 yuan (US$42,919) after receiving Chinese subsidies for electric vehicles, Reuters reports, citing information on the...
  • The proportion of money that Chinese banks must set aside as reserves is still relatively high by global standards, and can be adjusted in future to help provide long-term, stable liquidity to the economy, a senior...
  • Negative rates are the destruction of money, an economic aberration based on the mistakes of many central banks and some of their economists who start from a wrong diagnosis: the idea that economic agents do not...
  • In recent years, fears of a new cold war between the United States and China have been proliferating. But the tensions between the two powers would be better described as a “cool war,” characterized not by...
  • For more than a decade, China has been haunted by the prospect of getting stuck at an income level below that of the developed world (the “middle-income trap”). But the country’s economy is well on its...
  • Newly passed legislation will push the US State Department to disclose how it polices the sale of cyber tools and services abroad. The move followed a Reuters investigation which revealed that American intelligence contractors clandestinely assisted...
  • China’s Ant Financial, an affiliate of e-commerce giant Alibaba Group Holdings, has joined the race for a digital banking licence in Singapore, Reuters reports, citing a company statement. The Monetary Authority of Singapore (MAS) has said...
  • Lebanon received an Interpol arrest warrant on Thursday for former Nissan chairman Carlos Ghosn, while Turkey launched an investigation into his daring escape from Japan via Istanbul, Reuters reports. Ghosn has become an international fugitive after...
  • Wall Street’s major indexes notched record highs to open the new year on Thursday as fresh economic stimulus from China added to optimism fueled by easing trade tensions and an improving global outlook. China’s central bank...

WORLD

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