Aarav Shen

Aarav Shen covers world news and global markets for Beijing Times, reporting on geopolitics, economic policy, and the forces shaping international affairs.

Oil Prices Edge Down Amid Dollar Strength and Interest Rate Concerns

Oil prices saw a slight decline on Monday due to renewed concerns over prolonged higher interest rates, which strengthened the dollar, balancing the support...

EU to Take Further Action Against Apple Over Digital Markets Act Compliance

The European Union is set to take further action against Apple on Monday in response to the company's compliance with the Digital Markets Act...

U.S. Prosecutors Recommend Criminal Charges Against Boeing Over 737 MAX Settlement Breach

U.S. prosecutors have recommended that senior Justice Department officials bring criminal charges against Boeing after determining the company violated a settlement related to two...

Australia Plans Billion-Dollar Fines for Supermarket Chains Violating Code of Conduct

Australia's federal government announced plans to impose billion-dollar fines on major supermarket chains that fail to comply with a mandatory industry code of conduct,...

Hong Kong Court Grants Kaisa Group Seven-Week Extension for Debt Restructuring

A Hong Kong court has granted Chinese property developer Kaisa Group a seven-week extension to finalize its debt restructuring plan, adjourning a liquidation petition...

China Urges EU to Revoke Preliminary Tariffs on Electric Vehicles Amid Trade Tensions

China is urging the European Union to cancel its preliminary tariffs on Chinese electric vehicles (EVs) by July 4, following an agreement to hold...

ByteDance Collaborates with Broadcom on Advanced AI Processor Amid U.S.-China Tensions

China's ByteDance is collaborating with U.S. chip designer Broadcom to develop an advanced AI processor, according to sources familiar with the matter. This strategic...

Shein Faces Challenges for U.S. IPO Amid Rising U.S.-China Tensions, Considers London Listing

China-founded e-commerce company Shein is encountering growing obstacles in its pursuit of going public in the United States, according to experts, as escalating tensions...

Regulators Identify Weaknesses in Resolution Plans of Major U.S. Banks

Banking regulators revealed on Friday that they found weaknesses in the resolution plans of four of the eight largest American lenders. The Federal Reserve...

Eli Lilly Seeks FDA Approval for Zepbound to Treat Obstructive Sleep Apnea

Eli Lilly has applied for U.S. approval of its weight loss drug Zepbound to treat obstructive sleep apnea (OSA), the most common sleep-related breathing...

U.S. Existing Home Sales Hit 30-Year Low Amid Record Prices and High Mortgage Rates

Sales of previously owned homes in the U.S. remain at a 30-year low, showing minimal movement in May as home prices reach new highs...

Forever 21 Seeks Rent Reductions Amid Struggles with Competition and Declining Sales

Forever 21 is requesting significant rent reductions from landlords as it faces declining sales and stiff competition in the fast-fashion market. The retailer, which...

JPMorgan Sees Positive Signs in China, Bolsters Investment in Ukraine

JPMorgan Chase is observing signs of economic improvement in China that are expected to boost the bank's business in the region, according to Mary...

State Street, BNP Paribas, and Caceis Eye HSBC Germany’s Fund Administration and Custody Units

State Street, BNP Paribas, and Caceis are emerging as potential bidders for HSBC Germany's fund administration unit INKA and its custody business, according to...

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