TikTok to invest billions of dollars in Southeast Asia amid growing scrutiny over data security
Short video app TikTok, owned by China's ByteDance, said on Thursday it would invest billions of dollars in Southeast Asia over the next few years, as it doubles down on the region amid intensifying global scrutiny over its data security.
2023-06-15 15:21
Why Hong Kong can't cut loose from the US dollar just yet
Hong Kong's currency is facing its biggest test since the global financial crisis of 2008.
2023-06-14 09:59
Facebook faces new allegations of gender discrimination in its delivery of job ads. Research by human rights group suggests it's a global concern
Facebook-parent Meta is the subject of four new complaints from human rights groups in Europe alleging that the algorithm it uses to target users with companies' job advertisements is discriminatory. Nonprofit Global Witness shared new research with CNN that it says shows the algorithm distributing job ads is based on gender stereotypes, and that it appears to be a global issue.
2023-06-12 14:17
People in China are so worried about the economy they're asking for divine intervention
China's post-Covid reopening was supposed to be the stimulant that the world needed. But after an early burst of activity, growth in the world's second largest economy appears to be stalling.
2023-06-09 12:57
China sees biggest trade increase with Russia in 2023, Chinese customs data shows
Bilateral trade between Russia and China totaled more than $93.8 billion from January to May in 2023, a 40.7% increase compared to the same period last year, data from China's General Administration of Customs showed.
2023-06-08 06:48
What Turkey's new cabinet says about where the country is headed
Turkish President Recep Tayyip Erdogan swore in a new cabinet over the weekend, ushering in what he has called "a new period of glory" for the Turkish Republic as it begins its second century, and one that he hopes will cement his rule over the nation of 85 million.
2023-06-07 20:53
Subway plans to open nearly 4,000 stores in China in one of its biggest deals ever
Subway, the world's biggest sandwich chain, announced Tuesday that it would open almost 4,000 new stores across the country over the next 20 years, increasing its current retail footprint there by more than seven times.
2023-06-07 12:59
12.9 million Chinese students take college entrance exam as pressures mount
For nearly 13 million high school students across China, Wednesday marks a day that could make or break their plans for college and the increasingly competitive job market beyond.
2023-06-07 11:20
Ozempic is taking China by storm. Drugmakers are scrambling to boost supplies
Ozempic, originally a medication for treating diabetes, is in high demand worldwide with celebrities and social media users touting it as a miracle drug for weight loss. Now the frenzy is sweeping through China, where being "wafer thin" is a prevailing beauty standard, leading to shortages in the country.
2023-06-07 10:23
Saudi Arabia needs more than higher oil prices to fund its grand plans
Riyadh knows that it cannot rely solely on a fluctuating oil market for income. Along with its efforts to raise oil prices, it is also trying to bring in investment from abroad.
2023-06-05 22:22
With no more Covid restrictions, Asia's drug cartels are thriving, UN report warns
The synthetic drug trade in Asia is roaring to "extreme levels," with crime groups establishing new trafficking routes to evade enforcement crackdowns and methamphetamine prices hitting fresh lows, according to a new report released Friday.
2023-06-02 12:19
Jamie Dimon denies knowledge of JPMorgan concerns over Epstein in lawsuit deposition
JPMorgan Chase CEO Jamie Dimon has denied knowing about internal reviews of Jeffrey Epstein's criminal conduct and his account with the bank when they were happening.
2023-06-01 16:25