China discusses sale of TikTok US to Musk as one possible option
Under one scenario, Musk’s X—the former Twitter—would take control of TikTok US and run the businesses together, according to people ...
Tag: Bloomberg
Uniqlo owner falls most in five months on China concerns
Analysts indicated concern over China, where sales declined 1% compared to a year earlier, their first contraction in eight quarters. ...
Nippon Steel says there’s no Plan B to blocked U.S. Steel deal
“There is no reason—or need—to give up on this deal,” Eiji Hashimoto, chairman and chief executive officer of the Japanese ...
South Korea sharply trims GDP forecast after martial law fiasco
South Korea's finance ministry sees the economy now growing 1.8% in 2025, down from a 2.6% forecast made in July. ...
China’s finance, property firm workforces shrink for first time
China's gloomy job market has been one of the key reasons stopping people from spending more. Read More Source link
Chinese EV makers hit EU wall as tariffs inflate cost of imports
Manufacturers such as BYD and SAIC’s MG accounted for 7.4% of EV registrations in November, down from 8.2% in October. ...
Merck snags Chinese obesity drug in nearly $2 billion deal
Merck will gain the exclusive global license for Chinese drugmaker Hansoh’s HS-10535, an experimental oral drug that targets GLP-1 receptors. ...
China vows bigger fiscal spending to boost consumption next year
Top officials vowed to raise the fiscal deficit target next year following a two-day huddle of the Central Economic Work ...
U.S. Steel drops as Biden set to block Nippon Steel deal
President Joe Biden plans to formally block the $14.1 billion sale of U.S. Steel on national security grounds, people familiar ...
China makeup mogul becomes billionaire on hot Hong Kong debut
Mao Geping, founder of Mao Geping Cosmetics, became a billionaire as his beauty company soared as much as 87% after ...
New Zealand halts poultry exports as bird flu found at egg farm
New Zealand has halted all poultry exports after confirming its first case of bird flu on an egg farm in ...
China private factory gauge grows again in sign of stabilization
China’s manufacturing activity expanded for a second straight month, according to a private survey, a further sign of stabilization after ...
U.S. preps China chip curbs that stop short of early proposals
The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would ...
Meta says app stores should police Australia under-16 social ban
Australia will push ahead with a ban on social media for people aged under 16 despite calls by Meta Platforms ...
Nomura woes deepen with trading scandal, attempted murder arrest
Scandals are mounting at Nomura Holdings Inc., threatening to derail a turnaround plan at Japan’s biggest brokerage just as it’s ...
Mike Bloomberg casts vote for Kamala Harris
As the time ahead of Election Day dwindles, celebrities, entrepreneurs, and influential business people have come out of the woodwork ...
Apple blocked from selling iPhone 16 models in Indonesia
Indonesia blocked Apple Inc. from selling its latest iPhones in Southeast Asia’s largest economy, saying the company has yet to ...
TSMC’s Arizona chip production yields surpass Taiwan’s in win for U.S. push
Taiwan Semiconductor Manufacturing Co. has achieved early production yields at its first plant in Arizona that surpass similar factories back ...
Scandal over ex-lover cuts billionaire WiseTech CEO’s wealth
Richard White, the Australian billionaire battling allegations of inappropriate behavior with women, has said he has a relaxed relationship with ...
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