Bubble tea brews China’s $650 million mega-IPO
03 July 2021 | 2:27 pm
Chinese bubble tea chain Nayuki edged down on its Hong Kong market debut Wednesday after raising more than US$650 million in an IPO that marked the culmination of a literal labour of love for the co-owners who created the firm on a blind date.
Whilst Russia represents an immediate threat, the long-term one China poses to the global order is more serious, US Secretary of State Antony Blinken has said.
Activists slammed UN human rights chief Michelle Bachelet for her restrained criticism directed at China's leaders after her return from Xinjiang. But Bachelet noted that her visit was "not an investigation."
Beijing has accused the US of spreading "disinformation" after Secretary of State Antony Blinken warned China could try to upend the international order.
The German car giant has claimed its presence in Xinjiang has a positive impact despite reports of ongoing human rights abuses. VW is also facing accusations of using slave labor in Brazil under the former dictatorship.
The crew will be responsible for completing the assembly of the Tiangong space station, which is expected to be complete by the end of the year.
A combination of geopolitical tensions and higher costs are pushing large firms to look for alternative production sites. Vietnam's strong economic performance in recent years has drawn the attention of European firms.
The US president has outlined a new plan for economic cooperation with Latin America amidst rising Chinese influence in the region. He is also expected to present a new plan for regional migration issues.
At a UN General Assembly meeting, China and Russia explained their vetoes of a proposal that would have imposed new sanctions on North Korea.
Wei Fenghe slammed US Secretary of Defense Lloyd Austin's "smearing" accusation that China was causing regional instability. He said Beijing would do whatever it takes to ensure reunification with Taiwan.
The US Defense Secretary said Chinese military activity around the self-governing island threatened to change the status quo. Lloyd Austin said Washington would continue to stand by Taiwan at an event in Singapore.
Would Beijing back away from its strategic partnership with Moscow if the war in Ukraine goes nuclear?
Germany sees massive dip in Russia exports, uptick in China imports. Despite trying to wean itself off of Russian energy imports, Germany is paying record prices for them. At the same time, Berlin has built up a large import surplus with Beijing.
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