Vietnam’s Commercial Hub Back in Business after 3-Month Lockdown
Ho Chi Minh City on Friday lifted a stay-at-home order that had kept its nine million residents indoors for three months and devastated business in Vietnam’s economic hub.
Category: BIZ
Afghan Saffron Boss Says Taliban Will Not Silence Her
An Afghan business leader who employs hundreds of women on her saffron fields has vowed to speak up for the rights of her workers, and “not remain silent” under Taliban rule.
Kabul’s Carpet and Antique Dealers Struggle after Foreigners Flee
Traders of carpets, antiques and souvenirs on Kabul’s famed Chicken Street said Sunday business has completely dried up since the vast majority of foreigners left the Afghan capital as the Taliban took over.
Meng Wanzhou: Huawei’s ‘Princess’ on the Rebound
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.
Ex-Head of Chinese Liquor Giant Moutai Jailed for Life for Bribery
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.
Evergrande Founder Calls for Construction, Sales to Resume
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.
Evergrande Agrees Deal to Avoid Default on Key Bond
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.
Crunch Time for Evergrande, but No ‘Lehman Moment’
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 Says ‘Zero Tolerance’ after Corruption Claims in India
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.
Australia Asks WTO to Rule against Chinese Wine Tariffs
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.
‘We Only Have Each Other’: Bangladesh’s Trans Entrepreneurs Create Safe Work Spaces
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.
Digital Doggies: Pet Influencers on the Rise in Singapore
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.
Struggles Facing China’s Evergrande Not Panicking Markets – Yet
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.
China to Target Biggest Payment App Alipay in Tech Crackdown
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.
Fugitive Chinese Billionaire’s Firms to Pay $539M Fines
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.
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The Self-Made Chinese Billionaire Battling to Save Debt-Mired Evergrande
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.
