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World Economy News: World Finance News, Global Financial Markets

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China’s BYD Confirms Mexico Factory Plan But Rules Out Exports

Reports of BYD’s plans to expand production in Mexico spurred speculation that the EV giant was looking for a way…

18 hours ago

Biden Orders Probe Into Data Security Risks From Chinese EVs

The White House said the probe could lead to restrictions being imposed on Chinese EVs due to concerns about "connected"…

19 hours ago

US to Block Personal Data Sales to China, Russia – engadget

The order will also bar data brokers from selling large troves of Americans’ personal information to countries or entities in…

19 hours ago

SpaceX’s Talks With Vietnam Over Starlink Internet Hit a Snag

Hanoi looks to have denied SpaceX's request for an easing of rules on foreign ownership of telecom firms with network…

20 hours ago

Major Investment Shifts in Asia, as China Hedge Funds Plunge

Some 74 hedge funds in Asia closed down in 2023, half of them in China, as interest shifted toward Japan,…

23 hours ago

China Premier Li Urges US to U-Turn on Decoupling Push

Li Qiang said building 'small yards with high walls’ was not in the interests of China or the US

2 days ago

US Startup, Singapore to Build an Ocean Carbon Removal Plant

US scientists to work with Singapore's water agency to build a plant that can remove 10 tonnes of carbon dioxide…

2 days ago

BMW Considering EV Battery Plant in Thailand – Bkk Post

BMW plans to build a battery factory for electric vehicles in Rayong, on Thailand's eastern seaboard this year, to take…

2 days ago

Country Garden Liquidation Petition Clouds Huge Debt Revamp

China's biggest developer, now in default, vows to fight petition filed by a creditor for non-payment of a $205m loan;…

2 days ago

China-Wary Investors ‘Icing on Cake’ For Japan’s Nikkei

Nikkei heavyweights with a significant presence in China have seen mega rallies, especially in the chip sector

3 days ago

Tougher Penalties in China for Firms Understating Emissions

Emissions data fraud has been a big problem for China's carbon trading scheme, but State Council officials have drawn up…

3 days ago

Chinese Airlines Allowed to Lift US Flights to 50 a Week

Flights between China and the US were badly disrupted by the Covid pandemic, but the US says Chinese airlines can…

3 days ago