Shanghai stock exchange suspends record-breaking Ant IPO
09 November 2020 | 12:24 pm
The Chinese fintech giant had expected to raise an unprecedented $35 billion in its stock market debut. But concerns that regulatory oversight could get in the way are now being proven right.
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Taiwan held drills at its main international airport in Taipei amid concerns over Chinese aggression towards the island. Taiwan's president said the exercises are necessary in order to protect critical infrastructure.
High costs, lower demand, fiercer competition — the German automotive industry is coming under pressure. The lucrative Chinese market, in particular, is proving difficult as Chinese consumers choose national brands.
Beijing has alleged that a Chinese man signed a contract with the United States spy agency and received training to conduct espionage activities.
The air and sea drills close to Taiwan are seen as a response to a visit of its Vice President William Lai to the US. China has derided Lai as a "troublemaker" who backs "Taiwanese independence" separatists.
Tokyo has summoned the Chinese ambassador over hundreds of crank calls believed to originate from China. Japan has begun to release treated water from the Fukushima nuclear power plant, which Beijing says is not safe.
China's largest property developer, Country Garden, warned that it is on the brink of default as it reported a staggering loss of almost $7 billion for the first half of the year, deepening a real estate crisis that threatens to unravel the country's already fragile economy.
After a mass in Mongolia attended by some groups of Chinese Catholics, the pope told them to be "good Christians and good citizens."
With more than 41 percent of exhibitors at the Munich IAA mobility show headquartered in Asia, analysts say European carmakers will need to prove their ability to compete with China in the electric vehicle age.
Germany's International Motor Show has opened in Munich with Chinese EV makers out in force, revving their new electric models on the turf of German carmakers. Some say the market will never be the same after the event.
Apple's market value has tumbled by some $200 billion in the wake of reports that Beijing has banned iPhones among government employees. We take a closer look. Also, Chinese car manufacturers make inroads into the European market, and New York City cracks down on Airbnb.
Chinese emergency teams are scrambling to track down a large number of crocodiles that escaped after heavy storms and floods that hit in recent days.
13 mins ago
One month after opening a Tesla factory in Berlin, tech enterprenuer and billionaire Elon Musk opened the newest electric car making facility in Austin, Texas.
1 hour ago
We look at the profiles of some of the hostages released by Hamas over the past three days and take a look at how Israeli papers are reacting to the hostage release deal. We also see why there's little optimism ahead of this week's COP28 climate summit in Dubai. We finish with a look at this year's highly timely Booker Prize winner.
1 hour ago
Samuel Paty was killed by a suspected Islamist after showing cartoons of Prophet Mohammad to his class. Five teenagers are charged with identifying the teacher to his killer for payment.
2 hours ago
North Korea has sent troops to restore border posts that were taken town as part of an agreement to ease tensions, Seoul says.
2 hours ago
The protesters were blocking shipping traffic at the Port of Newcastle over the weekend, challenging the nation's dependence on fossil fuel exports.
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