As China presses on with its economic recovery from the coronavirus pandemic, new university graduates are still trying to catch up. By official and third-party accounts, the class of 2020 — at a record high of 8.74 million students — is having a harder time finding jobs than last year’s graduates. There’s been a clear […] Read more
China’s young billionaires amassed a combined fortune of more than $223 billion this year as the country enjoyed its fastest year of wealth accumulation, even as the world battles its worst economic crisis in decades. China had 60 billionaires below the age of 40 this year, according to the latest Hurun Rich List released last week. […] Read more
Ireland’s foreign investment rules are being updated as Dublin seeks to protect the country’s prized assets and align itself with regulations from Brussels. Ireland’s industrial policy relies heavily on outside investment with several tech and pharmaceutical giants having headquarters in the country, attracted by the country’s 12.5% corporate tax rate and other factors. In September, […] Read more
China’s Foreign Minister Wang Yi was due to arrive on Wednesday night in Thailand, a country central to Beijing’s strategy for Asia at a time the kingdom is facing a double hit from a pandemic-flattened economy and political turmoil. In the big superpower square-off between the US and China, Thailand plays an oversized role. Bordering […] Read more
China has started one of the biggest real-world trials for its digital currency as it pushes closer toward creating a cashless future. Last week, the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of the digital currency. Nearly 2 million people applied and […] Read more
Negative opinions about China have soared among countries and reached a record high for most of the 14 countries polled, according to a recent Pew Research Center. Negative views of China reached their “highest points” in 9 of those countries since the research center began polling on this issue more than 10 years ago, the […] Read more
British Prime Minister Boris Johnson pledged Tuesday to tap United Kingdom’s offshore wind energy to power every home in the country by 2030, to be a part of the world’s shift away from fossil fuels. “As Saudi Arabia is to oil, the U.K. is to wind—a place of almost limitless resource, but in case of […] Read more
Dr. Scott Gottlieb on Monday lamented the persistent spread of the coronavirus in the U.S., suggesting the nation’s response pales in comparison to other places around the world. “The entire Pacific Rim has less than 1,000 infections a day. Having a raging epidemic is not inevitable,” Gottlieb said on “Squawk Box,” referring to countries such […] Read more
China — China’s technology giants — like their U.S. counterparts — have seen business thrive during the coronavirus pandemic. But the tech industry is at a crossroads, facing an uncertain economic and geopolitical environment. China’s gradual though uneven economic recovery, Beijing’s focus on domestic consumption, and the digital trends that have been accelerated by Covid-19 are […] Read more
President Donald Trump announced early Friday he and first lady Melania Trump have tested positive for coronavirus, plunging the United States into further upheaval and uncertainty just over a month away from Election Day. The White House physician said the president and first lady were “both well” at the moment. In a tweet shortly before 1 a.m. ET, Trump […] Read more
