Blinken tells China its spy balloon was ‘irresponsible’ after canceling Beijing trip

WASHINGTON – U.S. Secretary of State Antony Blinken indefinitely postponed what was to be an already tense trip to China on Friday, citing a Chinese reconnaissance balloon moving east across the United States that posed a threat to national security. Blinken had been scheduled to depart for Beijing Friday night, on a trip that was … Read more

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

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, a Chinese electric vehicle startup, on Friday launched two of its flagship cars across a number of European countries, as it … Read more

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

Hong Kong and Macao will fully reopen borders with mainland China | CNN Business

Hong Kong CNN  —  China will fully reopen borders with its special administrative regions of Hong Kong and Macao next week, in what is expected to be a major boost for the economies of the two cities. From Monday, travelers entering mainland China from Hong Kong or Macao will no longer need to provide proof … Read more

View More Hong Kong and Macao will fully reopen borders with mainland China | CNN Business

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

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, which was launched on Thursday, 500,000 air tickets will be given away over the next six months, starting in March. The … Read more

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

Hong Kong stocks fall 2%, private survey shows China’s services activity jump

Hong Kong, Macao to fully reopen borders with mainland China Travel between mainland China and Hong Kong as well as Macao will fully resume on Feb. 6, China’s Hong Kong and Macao Affairs Office of the State Council said in an announcement. The release said mandatory tests for most travelers will be dropped, and group … Read more

View More Hong Kong stocks fall 2%, private survey shows China’s services activity jump

Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies

Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022. CNBC Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S. government to ban cryptocurrencies, as China has done, arguing that a lack of regulation enabled wretched excess and a gambling mentality. “A cryptocurrency is not a currency, not a commodity, and not a security,” the 99-year-old Munger … Read more

View More Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies

Starbucks is about to report earnings. Here’s what to expect

A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California. Lucy Nicholson | Reuters Starbucks is expected to report its fiscal first-quarter earnings after the bell Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 77 cents expected Revenue: $8.78 billion expected Shares … Read more

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Blinken under pressure to push China on role in lethal fentanyl trade when he visits Beijing | CNN Politics

CNN  —  Members of Congress are urging Secretary of State Antony Blinken to pressure China to do more to curb the flow of fentanyl and synthetic opioids into the United States on his visit to the country which is expected to take place in the next few days. On Wednesday, a group of 14 Republican … Read more

View More Blinken under pressure to push China on role in lethal fentanyl trade when he visits Beijing | CNN Politics

Technology is at the centre of national security policy of countries like China. What is India doing?

External affairs minister S Jaishankar at the Global Technology Summit 2022; Credit: Courtesy of GTS 2022 Synopsis Geopolitical contests between countries like India and China are seeing a new front in technology. For China, the Digital Silk Road, the technology focused dimension of the Belt and Road Initiative, is one example. Apart from China, the … Read more

View More Technology is at the centre of national security policy of countries like China. What is India doing?

Luxury stocks rally from China reopening, but world’s largest luxury market may choose to shop ‘in-house’ 

A salesperson showing the limited edition launched by Emporio Armani to welcome the Year of the Tiger at a duty-free store in Haikou, south China’s Hainan Province, January 15, 2022. Zhou Huimin | Xinhua News Agency | Getty Images Stocks of many luxury fashion houses reliant on Chinese consumers rallied on China’s reopening, but those … Read more

View More Luxury stocks rally from China reopening, but world’s largest luxury market may choose to shop ‘in-house’