As the daughter of the founder of Chinese telecoms giant Huawei, Meng Wanzhou was known internally as the “princess” of the company and its possible future leader, but for nearly three years, she’s been stuck in Canada fighting extradition to the United States.
The former head of Chinese liquor firm Kweichow Moutai, the world’s most valuable spirits company, has been jailed for life for taking more than $17 million in bribes.
The head of teetering Chinese developer Evergrande has urged staff to resume construction and sales to deliver properties, state media reported Thursday, as the firm battles to avoid a collapse that could send shockwaves through the world’s number two economy.
Embattled Chinese property titan Evergrande said Wednesday it had agreed a deal with domestic bondholders that should allow the conglomerate to avoid missing one of its interest payments and avoid default, but its deeper debt burden remains.
With the future of Evergrande hanging in the balance, global markets have plunged on fears that one of China’s biggest developers could collapse and cause a contagion throughout the world’s number two economy and beyond.
Amazon said Monday it had “zero tolerance for corruption” following an Indian media report that the e-commerce giant was investigating bribery allegations involving its lawyers.
Canberra asked the World Trade Organization to rule against China’s imposition of crippling tariffs on Australian wine exports on Thursday, after initial consultations failed to resolve the dispute.
Simran Snigdha was begging when a chance encounter helped get her off Bangladesh’s streets and realize her artistic dreams — one of a growing number of trans people securing formal employment as the government boosts support for the marginalized community.
Two fluffy white terriers wearing neckerchiefs pant quietly as their owner waves a treat and snaps a photo for the dogs’ tens of thousands of Instagram followers.
Debt-crippled Chinese real estate giant Evergrande’s troubles are being watched closely by foreign investors, but markets do not seem to fear a major contagion, at least so far. With a debt load of $300 billion, the threat of bankruptcy is real, especially as Evergrande hinted on Tuesday that it may not be able to pay its creditors.
Chinese regulators have ordered sweeping changes to the country’s biggest payment app Alipay, as the ruling Communist Party attempts to rein in “the unruly growth” of the tech giants.
Three companies of exiled Chinese billionaire Guo Wengui have agreed to pay $539 million in penalties to settle charges over illegal cryptocurrency sales, the top US financial market watchdog said Monday.
From rural poverty to real estate billions, the fortunes of Xu Jiayin tracked China’s runaway growth for much of the past two decades — but now he is battling to save his Evergrande conglomerate from a quagmire of debt.
Apple refused to reinstate the wildly popular “Fortnite” game to its South Korean App Store Friday despite a new Seoul anti-monopoly law that effectively outlaws its lucrative digital payment platform, escalating an ongoing dispute with videogame developer Epic Games.
Germany’s revamped IAA motor show opened to the public this week, with climate concerns drawing anti-car protesters but also forcing the world’s most prominent carmakers to showcase greener options.