Chinese tech giants, including Alibaba, have seen slower growth and no growth as China’s economy faces weakness as a result of Beijing’s zero-Covid policy. Qilai Shen | Bloomberg | Getty Images Chinese tech giants are coming off their worst quarter of growth on record as a major slowdown in the world’s second-largest economy, fueled by …
Chinese tech giants post worst growth on record due to zero Covid Read More »
China’s record heat wave, which began in June, has evaporated more than half of the hydroelectric power generation capacity in Sichuan, a southwestern province that typically gets 81% of its electricity from hydropower. The drop in energy supply, at a time when the need for cooling has increased demand, is pausing industrial production and daily …
China’s heat wave is wreaking havoc on electric vehicle drivers Read More »
Dr. Bob Li, right, Physician Ambassador to China and Asia-Pacific from Memorial Sloan Kettering … [+] Cancer Center enjoys a light moment at the US-China Business Forum held at Forbes on Fifth in New York on August 9. Photo by Ethan Covey How to compete with China has been a hot topic among US policymakers …
International Cooperation Can Speed Cancer Cure: US-China Business Forum Read More »
China’s Sichuan province activated its highest emergency response on Sunday to deal with “extremely exceptional” power supply shortages, adding to the woes of manufacturers in the region as they shuttered factories. Extreme high temperatures and low rainfall since July, along with record electricity demand, have caused gaps in power supply, the southwestern province said in …
The power crisis in Sichuan province adds to the woes of manufacturers in China Read More »
Two recent federal enforcement actions – announced on the same day – have underscored the need for crypto companies to carefully consider their anti-money laundering (AML) obligations or else risk significant penalties. First, on August 8, 2022, the US Treasury Department’s Office of Foreign Assets Control (OFAC) added Tornado Cash (Tornado) to the list of …
Marina Baratashvili Daniel Zuchnik There’s a reason why socialites, models and celebrities visit Marina Baratashvili’s nondescript massage studio in New York’s Hell’s Kitchen neighborhood. There’s a reason they smile and endure an hour of painful prodding, pushing, twisting and punching. Create a regimen with Baratashvili and she promises longer muscles, pupils, less inflammation and sculpted …
Inside Marina Baratashvili’s body slimming massage Read More »
For the most part, Asia-Pacific residents can travel again. But some are more confident about packing their bags than others. Confidence in travel is “diverse and nuanced” in the region, according to a new survey commissioned by travel website Booking.com. About 11,000 people in the region were surveyed about their comfort levels and concerns, as …
Tencent posted its first quarterly year-over-year revenue decline as tighter regulations around games in China and a resurgence of Covid-19 in the world’s second-largest economy hit the tech giant. Here’s how Tencent did in the second quarter, against Refinitiv’s consensus estimates: Income: 134.03 billion Chinese yuan ($19.78 billion) vs. 134.6 billion yuan expected, down 3% …
The Chinese tech giant reports its first ever revenue decline Read More »
As there is a broader consensus about how a lack of adequate housing, food, education and transportation has a negative impact on a person’s health, more and more organizations are trying to address the social determinants of health. The latest announcement comes from CVS Health, which announced last week that it is investing $18.9 million …
CVS Health invests $18.9 million in affordable housing for Columbus, Ohio Read More »
