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Monthly Archives: March 2023

Estonia says China’s plan to end Ukraine’s war ‘extremely unfair’

China’s peace proposal to end the war in Ukraine is “extremely unfair,” since the plan doesn’t respect the territorial integrity of the country, said the permanent secretary of Estonia’s Ministry of Defense. Beijing issued a 12-point peace plan in February.  It is the duty of “the wider global community” to …

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China is a ‘relative safe haven’ in the face of banking stress

Aerial view of shipping containers sitting stacked at Yangshan Deepwater Port, the world’s biggest automated container terminal, on May 21, 2021 in Shanghai, China. Vcg | Visual China Group | Getty Images The recent turmoil surrounding the banking sector in the U.S. and Europe has highlighted China as a “relative …

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India outbound travel market won’t overtake China’s soon: Analyst

Crowd of travelers wait to check-in for their flight at Indira Gandhi International Airport in Delhi, India, on May 31, 2022. Nurphoto | Nurphoto | Getty Images India’s airline industry may be on a strong growth trajectory — but don’t expect India’s outbound travel to overtake China’s soon, aviation analysts …

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Crypto firms slam SEC, Washington for lack of clarity on rules

Crypto companies are frustrated at the U.S. government for its lack of clear rules for the industry and the Securities and Exchange Commission for its aggressive actions against digital currency firms, according to multiple executives who spoke to CNBC. Unlike other countries, the U.S. has yet to come up with …

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Tech firms MSFT, GOOG, AMZN, SAP are profitable but layoffs continue

Google and Facebook parent Meta are some of the companies that have laid off workers in recent months. Beata Zawrzel | Nurphoto | Getty Images From the U.S. to Europe and Asia, global tech giants from Microsoft and Google, to Amazon, SAP and more have laid off thousands of employees …

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TikTok CEO grilled by lawmakers from both parties over China ties

TikTok Chief Executive Shou Zi Chew reacts during a session for him to testify before a House Energy and Commerce Committee hearing entitled “TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms,” as lawmakers scrutinize the Chinese-owned video-sharing app, on Capitol Hill in Washington, March …

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Nevada builds natural gas plant as drought pressures power grid

Looking east to the Tracy Power Plant, a natural gas and oil-fired power plant owned and operated by Sierra Pacific Power, located near Interstate 80 and the Truckee River between Reno and Fernley, Nevada. Neil Gilham | Moment | Getty Images Nevada’s largest electricity provider has been approved for a …

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Binance employees, volunteers tell users how to evade China crypto ban

Binance is the world’s biggest cryptocurrency exchange, handling $490 billion of spot trading volumes in March 2022. Akio Kon | Bloomberg | Getty Images Binance is the world’s largest crypto exchange by volume and assets, processing $9.5 trillion worth of trades in 2021 alone. But it’s not supposed to be …

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These eight charts show why climate change matters right now

A girl sits on a cot as she crosses a flooded street at Sohbatpur in Jaffarabad district of Balochistan province in Pakistan on October 4, 2022. Fida Hussain | Afp | Getty Images “The climate time bomb is ticking,” António Guterres, the Secretary-General of the United Nations, said this week …

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Activision fails to increase representation of women: diversity report

KIEV, UKRAINE SOPA Images | LightRocket | Getty Images Video game publisher Activision Blizzard failed to increase its representation of women in the first quarter of 2022, according to a diversity report it released on Thursday. Executives have pledged to make women more pervasive inside the company after media reports …

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