Latest: Fintech News

Geopolitical tension, war in Ukraine, climate change, security concerns and surging inflation have eroded faith in globalisation and respect for global trade rules among world powers

US officials have forewarned Beijing, in a bid to stabilize tense ties with China, that the Commerce Ministry is working on an update of chip export controls imposed by the US last year

The move by major companies to reduce production in China has boosted inflation, but the western shift to 'friendly shores' has been positive for countries like India and Vietnam

Foreign firms have been particularly concerned about stepping over the line while dealing with Chinese regulators, amid Beijing’s crackdowns on due diligence and consultancy firms

While the planned diplomatic exchanges are aimed, in part, at restoring ties, Xi is also said to be hoping they will slow down Washington’s trade and tech war targeting Beijing

The Canadian Armed Forces site was hit, as well as the country’s House of Commons site, though Ottawa said no major damage was done

In a filing to Hong Kong Stock Exchange, Evergrande said it had been told by authorities that Hui "has been subject to mandatory measures" due to suspicion of unspecified crimes