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The founder and head of the Chinese Internet giant Alibaba, Jack Ma, during a conference in Hangzhou said that the US trade war with China could drag on for 20 years. In his opinion, the war will have more influence on the world than it is expected. He also said that he did not see quick solutions in this situation. American companies can buy wholesale Chinese goods on the Alibaba platform, which will also suffer from increased trade disputes. Ma, however, believes that in the current situation for business there are not only obstacles, but also unprecedented opportunities that need to be used. New duties on Chinese goods are of concern to American automakers and representatives of the US agro-industrial complex, Governor of Michigan, Rick Snyder, told CNBC.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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