The investing world is enthralled by a determined Beijing as it cuts China’s private sector down to size by relentless regulatory action. India’s more subtle manoeuvres in the same direction are going largely unnoticed.
Author: Agency Staff
Jack Dorsey and Mark Zuckerberg may be making big plans in the cryptocurrency space, but Vitalik Buterin doesn’t see them as likely to gain much traction.
The start of equities trading on the JSE was delayed on Wednesday because the bourse was unable to fully process transactions from a record volumes in the previous session.
Eskom plans to reduce its output of coal-fired power by between 8GW and 10GW through plant closures over the next decade, a cut that amounts to up to 30% of its current capacity.
Chinese gaming and social media giant Tencent Holdings posted a 29% rise in second quarter profit, a slower pace of growth after the coronavirus pandemic led to a boom in online gaming last year.
Huawei Technologies’ chairman has said that although US sanctions have choked its smartphone business, it will not give up and plans to eventually return to the industry’s “throne”.
President Xi Jinping put China’s wealthiest citizens on notice on Tuesday, offering an outline for “common prosperity” that includes income regulation and redistribution, according to state media reports.
Billionaire Richard Li’s streaming business is on a roll, mulling a potential initial public offering after its platform Viu beat Netflix in subscribers in one of Asia’s most competitive markets.
Scientists have yet to start a fusion reaction that sustainably produces more energy than it uses. But excitement has grown as government and private plans move closer to the “net-energy gain” threshold.
Chinese regulators on Tuesday issued a lengthy set of draft regulations for the Internet sector, banning unfair competition and restricting the use of user data.