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Business Times is a digital global news publication that provides comprehensive coverage and analysis of the most important business, economic, financial, political and technological issues from China and around the world.
Oil Prices Hit Three-Month High as Demand Surges Amid …
2 days ago · Oil prices continued their upward trajectory on Monday, reaching their highest levels since October 2024. The rally was driven by colder-than-normal weather, signs of recovering demand in Asia, and market anticipation of stricter sanctions on …
Dollar Falls as Trump Denies Tariff Policy Shift, Markets Eye …
2 days ago · The U.S. dollar faced a turbulent session Monday, dropping sharply against major currencies before paring losses after President-elect Donald Trump denied reports suggesting his administration might pursue a scaled-back tariff strategy. The dollar index, which measures the greenback's performance against six major currencies, fell 0.59% to 108.32, retreating from earlier losses of more than 1%.
BYD Closes the Gap with Tesla in 2024 EV Sales Amid Rapid Growth
6 days ago · Chinese electric vehicle (EV) manufacturer BYD is rapidly closing the gap with global leader Tesla, reporting record-breaking sales of 1.76 million vehicles in 2024. BYD's December sales of 207,734 EVs, powered by strong domestic demand and government subsidies, marked a 41% year-over-year increase. This performance positions BYD as Tesla's most formidable rival in the global EV market.
China-Linked Hackers Infiltrate U.S. Treasury Systems in 'Major ...
Dec 31, 2024 · The U.S. Treasury Department has confirmed a major cybersecurity breach attributed to Chinese state-sponsored hackers. The attackers gained access to several Treasury workstations and unclassified documents by exploiting vulnerabilities in a third-party software service provider, BeyondTrust. The breach, which Treasury officials classified as a "major cybersecurity incident," has intensified ...
Economy : Business Times
Dec 19, 2024 · "Japan has slipped into a recession, leading to the loss of its position as the world's third-largest economy-a title now held by Germany. This shift comes as Japan's Gross Domestic Product (GDP) shrank at an annualized pace of 0.4% in the final quarter of 2023, as reported by the Cabinet Office.
Chinese Manufacturing Growth Slows as New Trade Threats Loom
Dec 31, 2024 · China's manufacturing sector ended the year on a tempered note, with fresh data showing a lower-than-expected reading for December's purchasing managers index. According to the National Bureau of Statistics, the PMI stood at 50.1 in December, a figure just above the expansion threshold but below the 50.3 forecast by economists.
Alibaba Sells Intime Retail for $1 Billion, Recording $1.3 Billion Loss
Dec 18, 2024 · Alibaba Group Holding is set to exit its physical retail business after announcing plans to sell its entire stake in Intime Retail Group for $1 billion, marking a $1.3 billion loss on the deal. The Chinese e-commerce giant's decision reflects its strategic shift to refocus on its core online commerce operations amid mounting competition and challenging market conditions.
Beijing Extends Control Over Critical Minerals, Threatening U.S.
Dec 7, 2024 · China's move to ban the sale of key industrial materials to the United States, and to hold foreign firms accountable for re-exporting restricted goods to America, has jolted an already fragile relationship between the world's two largest economies. Beijing's new regulations, announced this week, impose extraterritorial reach similar to that of U.S. and European sanctions, covering Chinese ...
About Us - btimesonline.com
The Business Times is a trusted source of real-time news, intelligence and analysis on the forces reshaping global and national economy. Business Times, is a digital global news publication which initially founded in 2009 and headquartered in Beijing, and moved the operation to New York City in March, 2020.