china

Hang Seng, Shanghai Composite, Covid, oil

SINGAPORE — Greater China stock indexes led losses as Covid concerns resurge, while Asia-Pacific markets traded lower on Wednesday. Oil futures rose after plunging overnight. Hong Kong’s Hang Seng index slipped 1.37%, with heavyweights HSBC and CNOOC falling 3.93% and 5.58%, respectively. mainland China markets also declined. The Shanghai Composite shed 1.34%, and the Shenzhen …

Hang Seng, Shanghai Composite, Covid, oil Read More »

Nearly one billion people in China had their personal data leaked, and it’s been online for more than a year

The leak could be one of the biggest ever recorded in history, cybersecurity experts say, highlighting the risks of collecting and storing vast amounts of sensitive personal data online — especially in a country where authorities have broad and unchecked access to such data. The vast trove of Chinese personal data had been publicly accessible …

Nearly one billion people in China had their personal data leaked, and it’s been online for more than a year Read More »

Did Tesla Lose the EV Crown? What to know.

Text size Shenzen-based BYD has overtaken Elon Musk’s Tesla as the world’s biggest electric vehicle producer by sales. Qilai Shen/Bloomberg Warren Buffett-Backed BYD sold more cars than Tesla during the first six months of the year, but that doesn’t mean it’s sold the most battery-only electric vehicles. First, the headlines. Shenzhen-based BYD (ticker: 1211.Hong Kong) …

Did Tesla Lose the EV Crown? What to know. Read More »

Asia-Pacific markets are mixed as investors searching for direction

SINGAPORE — Australian stocks rose more than 1% while Hong Kong and South Korean markets were lower on Monday ahead of Australia and Malaysia central bank decisions this week. The S&P/ASX 200 advanced 1.11% to end the session at 6,612.6, with banking and retail stocks in the green. Japan and mainland China markets were also …

Asia-Pacific markets are mixed as investors searching for direction Read More »

An FCC regulator wants TikTok removed from app stores. Here’s how a company executive responded

New York CNN — While TikTok’s short-form videos are entertaining, that’s “just the sheep’s clothing,” a Federal Communications Commission official said, and the app should be removed from app stores because of security issues. But a TikTok executive, in a rare interview on CNN’s “Reliable Sources” on Sunday, claimed there are no security concerns linked …

An FCC regulator wants TikTok removed from app stores. Here’s how a company executive responded Read More »

Biden trolled by Chinese state media after urging gas companies to drop prices

President Joe Biden called on “companies running gas stations” to “bring down” their prices Saturday, after a top White House economic adviser said Americans will have to endure financial pain at the pump in order to maintain the “liberal world order.” The national average for gas prices stood at $4.82 per gallon on Saturday — …

Biden trolled by Chinese state media after urging gas companies to drop prices Read More »