China Archives - Softs Geek

3 Minutes

World

China tells U.S. to remain ‘cool-headed’ over suspected spy balloon

Sources February 3, 2023

Beijing urged Washington to remain “cool-headed” Friday, as it investigates reports that a suspected Chinese-operated spy balloon has been hovering over sensitive U.S. airspace. Foreign Ministry spokesperson Mao Ning said at a press briefing that...

6 Minutes

World

Blackouts, currency dives and corruption: Pakistan’s economy is on the brink of collapse

Sources February 3, 2023

People light a bonfire to warm themselves during a nationwide power outage, in Muzaffarabad on January 23, 2023. Sajjad Qayyum | Afp | Getty Images Pakistan’s economy is on a cliff-edge. The South Asian...

4 Minutes

World

Sanctions on Russian crude oil have ‘failed completely,’ oil analyst says

Sources February 3, 2023

The G-7, the EU and Australia implemented on Dec. 5 a cap on Russian oil prices. Bloomberg | Bloomberg | Getty Images Sanctions imposed on Russian crude oil have so far “failed completely” and...

2 Minutes

Technology

Chinese Tesla rival Xpeng launches flagship EVs in Europe in international push

Sources February 3, 2023

Xpeng is pushing aggressively into international markets. The Chinese electric car start-up launched its P7 sedan and G9 SUV in Denmark, Norway, the Netherlands and Sweden. Zhang Peng | LightRocket | Getty Images Xpeng,...

4 Minutes

World

Hong Kong will give away half a million plane tickets. Here’s who can get them first

Sources February 3, 2023

Hong Kong’s new global promotional campaign will “kickstart” the city’s reopening to international travelers, the Hong Kong Tourism Board told CNBC’s “Squawk Box Asia” on Friday. As part of the “Hello Hong Kong” campaign,...

4 Minutes

World

China’s Tencent wants to expand its presence in Singapore — and Chinese tourists are a big reason

Sources February 3, 2023

“We see Singapore as a strategic market for Weixin,” Etienne Ng, Southeast Asia’s regional director for Weixin Pay, told CNBC in an email. He added that the company aims to “make it easier for...

1 Minute

World

Chinese lidar maker Hesai to raise up to $171 million in U.S. IPO

Sources February 3, 2023

A lidar sensor from Hesai company on top of a vehicle in Shenzhen, China on Jul. 10 2022. Jade Gao | AFP | Getty Images China’s Hesai Group on Friday announced plans to raise...

2 Minutes

World

Starbucks misses expectations as China drags down international sales

Sources February 2, 2023

A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California. Lucy Nicholson | Reuters Starbucks on Thursday reported quarterly earnings and revenue that fell short of analysts’...

5 Minutes

World

Asia-Pacific markets trade mixed as investors digest Fed’s smaller quarter-point hike

Sources February 2, 2023

Bitcoin rises about 4%, nears $24,000 Bitcoin rose 3.72% in the past 24 hours, prices on Coin Metrics showed, as investors continued to cheer the U.S. Federal Reserve’s smaller rate hike of 25 basis...

3 Minutes

World

Iron ore prices could rally as one leading producer remains reluctant to share, analyst says

Sources February 1, 2023

A coke plant worker beside coke battery ovens at the ArcelorMittal steel plant in Kryvyi Rih, Ukraine, in March 2019. Vincent Mundy | Bloomberg | Getty Images Expect exports of iron ore out of...