Macro

Wall Street Bets on Private Credit Woes with New Derivatives

Wall Street banks are trading new derivatives, including credit default swaps, to bet on potential stress and defaults within the rapidly growing private credit market.

Olivia Rodrigo Drops New Single ‘Drop Dead’ and Makes Surprise Coachella Appearance

Olivia Rodrigo releases her new single 'Drop Dead' and performs it live at Coachella, signaling a new romantic direction for her upcoming album.

Trump Organization Eyes Tbilisi Skyline with Ambitious New Skyscraper Project

The Trump Organization is planning a new luxury skyscraper in Tbilisi, Georgia, featuring a hotel and residences, as part of its international expansion strategy.

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.

Judge Halts Nexstar-Tegna Merger Amid Antitrust Fears

Federal judge blocks Nexstar-Tegna merger over antitrust concerns, halting the $6.2 billion deal pending a trial. State AGs and DirecTV celebrated the ruling.

Hong Kong takes steps to spearhead innovation with $6.37 million funding for Web3 ecosystem

Hong Kong's Financial Secretary, Paul Chan, announced on Wednesday that the Hong Kong government will allocate HKD 50 million ($6.37 million) towards the development...

Anyang City Signs 42 Projects Worth $5.6 Billion at Investment Promotion Conference

The 2023 Investment Promotion Conference of Anyang city, Henan province, was held in Beijing on Thursday, where 42 projects were signed, with a total...

China’s Sixth International Import Expo Expected to Bolster Global Openness and Cooperation

China's ongoing efforts to promote economic cooperation and globalization have received a major boost with the upcoming sixth China International Import Expo (CIIE), scheduled...

Multinational Executives in Shanghai Optimistic About China’s Role in Global Business

Senior executives of multinational corporations based in Shanghai share an optimistic outlook on the world's second-largest economy and believe that the China market will...

Top State Assets Regulator Targets Higher Profit Growth for Central SOEs Above National GDP

In a news conference held in Beijing on Thursday, Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission (SASAC) of the State...

Industry leaders urged to empower specialized SMEs with technology and talent

According to experts, more policy support is anticipated to expand financing channels for small and medium-sized enterprises (SMEs) that specialize in niche industries with...

Beijing-Tianjin-Hebei GDP Reaches $1.46 Trillion, Showing Coordinated High-Quality Development

China's Beijing-Tianjin-Hebei region, a major economic zone, recorded a combined GDP of 10 trillion yuan ($1.46 trillion) in 2022, which is 1.8 times the...

Xinjiang’s Urumqi International Land Port Area Set to Boost Trade with Europe and Central Asia in 2023

The Urumqi International Land Port Area is set to unleash its potential further this year, according to local officials in the Xinjiang Uygur autonomous...

Chinese Political Adviser and Railway Researcher, Zhang Geming, Aims to Boost Technological Innovation in Rail Transport

Railway expert and political adviser, Zhang Geming, has been hailed for his outstanding contributions to promoting the high-quality development of China's railway system. A...

Devialet to increase investment in China with additional brick-and-mortar stores in second-tier cities

Devialet, the French audio technology company, is increasing its investment in China with plans to open more brick-and-mortar stores in second-tier cities in an...

Foreign investment in China surges to $19.02 billion in January

The Chinese economy continues to attract significant amounts of foreign capital, with the actual use of foreign capital on the Chinese mainland hitting 127.69...

China’s Cross-Border E-commerce Market Reaches Trillion-Dollar Scale, Encourages New Brands

The growth of cross-border e-commerce has become an increasingly important aspect of China's foreign trade and economic growth, particularly as the country recovers from...

East China Unveils Measures to Boost Inbound Tourism After Cross-Border Travel Resumes

Provinces in East China are gearing up their efforts to welcome back inbound tourists with open arms, following the resumption of normal cross-border travel....

Inner Mongolia commerce department leads business mission to the Middle East

A wave of Inner Mongolian enterprises is set to make their way to the United Arab Emirates (UAE) and Saudi Arabia in search of...

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