A mobile phone is displaying the screen of Tencent Games company’s stock plunge in Suqian, Jiangsu Province, China, on December 22, 2023. Costfoto | Nurphoto | Getty Images Chinese online gaming stocks rose Wednesday, recovering some losses from the previous session after the country’s top gaming regulator said it will “carefully study” the concerns of … Read more
London: AstraZeneca said on Tuesday it will buy Gracell Biotechnologies for up to $1.2 billion as the Anglo-Swedish pharma company furthers its cell therapy ambitions and boosts its presence in China, the world’s second-largest pharmaceuticals market. The cash deal, which adds several experimental therapies to AstraZeneca’s portfolio, values Gracell at $2 per ordinary share, or … Read more
Moscow: Russian Foreign Minister Sergey Lavrov on Tuesday said that 30 countries have expressed their interest in establishing partnership ties with the BRICS grouping. Lavrov said Moscow expects a wide range of solutions to be developed ahead of the group’s next summit, set to take place in the Russian city of Kazan in October next … Read more
US Secretary of State Antony Blinken’s first videoconference with European Union foreign ministers last month was so good humoured that some diplomats in Europe described it as a “love fest”. But two senior envoys who attended said there was no direct response from the ministers gathered in Brussels when Blinken said: “We must push back … Read more
China and Australia’s differences should not define a vital diplomatic relationship, Prime Minister Anthony Albanese has said as he closed out his historic trip. On the final day of his three-day trip, Mr Albanese visited China’s seat of power to a military guard of honour. He was greeted by Chinese Premier Li Qiang and the … Read more
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Nio on Tuesday reported narrowing losses in the third quarter, but gave a revenue forecast below market expectations. Here’s how Nio did in the third quarter, according … Read more
Canada’s public inquiry into foreign interference has set the dates for its public hearings, the federal government announced on Friday. The hearings are the first of two expected to take place in 2024 and are part of the inquiry into allegations of interference from China, Russia and other foreign actors and any impact they had … Read more
Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The draft guidelines from China’s National Press and Publication Administration sank the Hong Kong-listed shares of Tencent, NetEase and Bilibili — among the largest online gaming-related counters … Read more
The Magnificent Seven — a term I coined earlier this year to track the market’s biggest tech winners — has certainly lived up to its vaunted name. Those seven mega-cap tech names are Apple, Google-parent Alphabet, Facebook and Instagram owner Meta Platforms, Microsoft, Amazon, Nvidia and Tesla. The first six are Club names. Call them … Read more
U.S. Air Force F16 fighter jets fly in formation during U.S.-Philippines joint air force exercises dubbed Cope Thunder at Clark Air Base on May 09, 2023 in Mabalacat, Pampanga province, Philippines. Ezra Acayan | Getty Images News | Getty Images The chairman of U.S. Joint Chiefs of Staff, Gen. Charles Brown, spoke virtually with his Chinese … Read more
