6 d. ago China central bank facilitates RMB donations to support Hong Kong residential complex fire relief efforts

China central bank facilitates RMB donations to support Hong Kong residential complex fire relief efforts  China Daily - Global Edition

Events

8 d. ago Israeli soldiers appear to kill Palestinians in West Bank after they surrender

Israeli soldiers on Thursday appeared to kill a pair of Palestinian men in the occupied West Bank after they had surrendered to troops, drawing Palestinian accusations that the men were executed “in cold blood”. The Israeli military said it was investigating. The killings, captured in a pair of videos shown on two Arab television stations, came as Israel pressed ahead with its latest offensive in the West Bank, where the army has stepped up its activities over the past two years. Israel says it...

Events

1 week ago Sour grapes? European wines left on the rack as China’s consumers cut back

As China’s traditional spirits and premium wines grapple with declining consumption, a significant shift is under way across the beverage landscape. This three-part series examines the challenges faced by Maotai town as its once-coveted baijiu loses its lustre, the impact of economic shutdowns on European wine imports, and the rise of craft beer as a budget-friendly alternative for consumers seeking quality without breaking the bank. Marshall Su, a 30-year-old headhunter based in Shanghai, has...

Events

1 week ago After peaking, decline of China’s European wine imports worries makers

As China’s traditional spirits and premium wines grapple with declining consumption, a significant shift is under way across the beverage landscape. This three-part series examines the challenges faced by Maotai town as its once-coveted baijiu liquor loses its lustre, the impact of economic shutdowns on European wine imports, and the rise of craft beer as a budget-friendly alternative for consumers seeking quality without breaking the bank. Marshall Su, a 30-year-old headhunter based in...

Politics

1 week ago Standard Chartered faces US$2.7 billion 1MDB suit in Singapore

A Singapore court has cleared the way for a US$2.7 billion lawsuit against Standard Chartered Bank over its alleged role in 1MDB fraud, liquidators seeking to recover the funds said on Monday. Singapore High Court dismissed an application by the bank to strike out a suit filed against it by liquidators, the liquidators said in a press release, calling it “a significant legal victory” allowing the case to continue. Liquidators trying to recover money from Malaysia’s sovereign wealth fund 1MDB...

Economics

1 week ago China donates winter relief supplies to Palestinian families in West Bank

China donates winter relief supplies to Palestinian families in West Bank  Xinhua

Politics

2 w. ago TD Bank sued by Chinese staff in US who say they were fired illegally

Toronto-Dominion Bank was sued by a group of former employees who claim they were improperly fired from their jobs amid disclosure of widespread criminal money laundering through bank branches. Five Chinese and Chinese-American former employees sued Toronto-Dominion claiming they were dismissed from branches in New York as part of the bank’s effort to crack down on money laundering. At least 22 people were fired from four Chinatown branches in the city’s Manhattan, Brooklyn and Queens boroughs,...

Events

2 w. ago TD Bank sued by Chinese staff in US who say they were fired based on ethnicity

Toronto-Dominion Bank was sued by a group of former employees who claim they were improperly fired from their jobs amid disclosure of widespread criminal money laundering through bank branches. Five Chinese and Chinese-American former employees sued Toronto-Dominion claiming they were dismissed from branches in New York as part of the bank’s effort to crack down on money laundering. At least 22 people were fired from four Chinatown branches in the city’s Manhattan, Brooklyn and Queens boroughs,...

Events

2 w. ago TD Bank sued by Chinese staff in US who say they were illegally fired

Toronto-Dominion Bank was sued by a group of former employees who claim they were improperly fired from their jobs amid disclosure of widespread criminal money laundering through bank branches. Five Chinese and Chinese-American former employees sued Toronto-Dominion claiming they were dismissed from branches in New York as part of the bank’s effort to crack down on money laundering. At least 22 people were fired from four Chinatown branches in the city’s Manhattan, Brooklyn and Queens boroughs,...

Events

3 w. ago Why China’s growing global investments could spur yuan internationalisation push

China may take additional steps to advance the yuan’s internationalisation and ease cross-border flows on the back of rising investment demand, according to a prominent economist. “Chinese companies are showing strong momentum in expanding their overseas investments, so I believe the Chinese government will take more enabling measures [to support transactions],” said Xiang Songzuo, former chief economist at the Agricultural Bank of China. He added that the internationalisation of the yuan is...

Politics

4 w. ago China tech firm gifts staff gold keycaps as bonus; heaviest one worth US$45,000

A Chinese tech company has been rewarding its employees with gold keycaps as a bonus for four consecutive years, earning their appreciation for “helping them manage wealth.” The firm, Insta360, based in Shenzhen, in southern Guangdong province, recently honoured several outstanding employees by gifting them 21 gold keycaps to celebrate Programmer’s Day in China on October 24. The heaviest keycap, the space key, weighs 35.02 grams and is currently valued at around 320,000 yuan...

Economics