Hikvision: UK bans Chinese surveillance cameras from ‘sensitive’ sites

hong kong CNN Business — Hikvision, one of China’s leading surveillance companies, has denied suggestions it poses a threat to Britain’s national security after the UK government banned the use of its camera systems at “sensitive” sites. The restrictions, announced on Thursday, will prevent authorities from installing technology produced by companies subject to Chinese law. … Read more

IHC, hungry for deals, plans IPOs in healthcare and IT

Pure Health IPO raises over $1 billion, CEO says Targets tech unit IPO in Q3, with $1 billion in assets Mull Eyes International Energy Holding IPO Next Year Planning purchases this year and next year, seeking a large loan ABU DHABI, Nov 24 (Reuters) – International Holding Company (IHC.AD) plans to sell 20% of its … Read more

Analysis: China’s grand reopening may come too late for many businesses

SHANGHAI, Nov 22 (Reuters) – The culinary tourism business of Brian Bergey and his wife Ruixi Hu has persevered in China through three years of severe COVID-19 restrictions. But as excitement mounts in global financial markets that the world’s second-largest economy can finally emerge from lockdown next year, the two are packing their bags. “I … Read more

EXCLUSIVE QatarEnergy boss says World Cup tension won’t impact German business

DOHA, November 21 (Reuters) – QatarEnergy chief Saad al-Kaabi said on Monday that relations with German companies would not be affected by political tensions sparked by criticism of the energy organization. World Cup by Qatar, which angered officials from Arab Gulf countries. gas exporter. Kaabi told Reuters he was shocked by German Economy Minister Robert … Read more

Exclusive: Toyota scrambles to restart EVs with eye on Tesla

Oct 24 (Reuters) – Toyota (7203.T) plans to restart its electric car strategy to better compete in a booming market it has been slow to break into and has halted some work on existing electric vehicle projects , four people with knowledge of the plans still in development said. The proposals under consideration, if passed, … Read more

Japan’s economy shrinks for the first time in a year

Japan’s economy contracted unexpectedly for the first time in a year in the third quarter, fueling further uncertainty about the outlook as global recession risks, a weak yen and rising import costs weighed on household and business consumption. The world’s third-largest economy has struggled to carry on despite the recent lifting of Covid restrictions, and … Read more

Biden and Xi to meet ahead of G20, Musk addresses business forum by candlelight

NUSA DUA, Indonesia, Nov 14 (Reuters) – Chinese leader Xi Jinping will arrive on the Indonesian island of Bali on Monday for a long-awaited meeting with U.S. President Joe Biden ahead of the tension-laden Group of 20 (G20) summit about Russia’s invasion of Ukraine. The two leaders are expected to discuss the nuclear ambitions of … Read more

Taiwan’s virtual beauty brand struggles to debut on Wall Street

hong kong CNN Business — Taiwan’s latest entrant to Wall Street has had a rough ride since going public a week ago. Shares of Perfect Corp., a software company that allows users to virtually try on makeup or jewelry from brands such as Estée Lauder, LVMH and Shiseido, fell more than 40% off their listing … Read more

Chinese exports drop unexpectedly as global slowdown shakes demand

China’s exports and imports contracted unexpectedly in October, the first simultaneous recession since May 2020, as soaring inflation and rising interest rates hammered global demand as new COVID-19 restrictions at home have disrupted production and consumption. October’s dismal trade figures highlight the challenge for policymakers in China, as exports have been one of the few … Read more

Analysis: Airlines are restarting as COVID sparks a revolution in one-day business travel

The most popular airline routes have changed since 2019 – OAG Higher airfare prices offset lower travel Environmental concerns a factor for some companies SYDNEY/CHICAGO, Nov 7 (Reuters) – Airlines around the world are wrecking schedules and introducing new flights to tackle a COVID-triggered trend in business travel for executives like Jerome Harris – cutting … Read more