China Creates ‘Strong Nation’ App as Data Regime Tightens
China plans to launch a government-backed app to integrate a variety of services including ride-hailing, a sign of more state involvement in a sector wracked by controversy.
Bloomberg Tech
Davos Latest: Twitter Users Say No to Domination by WEF Elite
UniCredit SpA Chief Executive Officer Andrea Orcel joined the chorus of cautious optimism among the global elite in Davos, saying Europe may see slightly positive growth this year even as risks remain including the war in Ukraine and rising borrowing costs.
Nearly Half of Chinese Tourists Don’t Plan to Travel Overseas This Year
About 40% of Chinese travelers aren’t planning to venture overseas this year despite the sudden easing of restrictions, mainly because of the financial impact of Covid, according to a survey published Thursday.
Bank Worker Who Led Secret Life After $500,000 Heist Caught 25 Years Later
A Chinese woman who lived under a fake identity for 25 years after stealing more than half a million dollars from a bank and having plastic surgery to change her appearance has been caught.
Treasuries Rise, Stocks Drift on Recession Worries: Markets Wrap
Treasuries rallied and equities were muted as growing signs of a global economic slowdown raised investor concern that the start-of-the-year rally in risk assets may have gone too far.
Boohoo Forecasts Revenue Decline as Consumers Spend Less
Boohoo Group Plc forecast a double-digit decline in revenue as inflation-squeezed consumers cut back on buying clothes online and return to stores that were shut during Covid lockdowns.
Global Foundry Sales Set to Drop in 2023 in Blow to Taiwan, South Korea
Revenues in global contract chipmaking, or foundries, are projected to fall this year as demand cools rapidly for the advanced chips that have bolstered Asian technology-driven economies Taiwan and South Korea.
Bitcoin Outpaces Gold in 2023 as Resistance Turns Support: Chart
Bitcoin has not only started the new year with a rally, its gains have outpaced those of gold. That’s reversed — at least temporarily — part of the 76% decline in the Bitcoin-to-gold ratio over 12 months through November, a period during which the cryptocurrency tumbled into a bear market. The gauge actually found a low two months ago and drifted sideways, taking support at resistance formerly seen in 2018 and 2019. The jump so far in 2023 signals that the barrier has now turned into a significa
Bitcoin Steadies After Ending Longest Winning Streak Since 2013
Bitcoin steadied after snapping a rare 14-day winning streak as a mood of caution supplanted the risk appetite that drove up a variety of assets at the start of the year.
Royal Mail Export Chaos Has Businesses Fuming After Cyber Attack
Sean Fothersgill, the owner of model car seller Pendle Slot Racing, typically gets about 50 orders a day from outside the UK — or about half his total.