Life StyleRussia’s economy appears resilient, but companies are going bankrupt by the hundredsRussian corporate bankruptcies have risen sharply, reflecting business difficulties even amid rosy official economic data.Huileng TanMarch 8, 2024
Business, finacialNvidia’s directors bagged $80 million last week in a selling spree following the company’s blowout resultsNvidia's shares have skyrocketed more than 200% in the last 12 months thanks to strong demand for its AI chips.Huileng TanFebruary 29, 2024
Business, finacialPutin needs to keep Russia in a ‘permanent’ state of war to stay in power, expert saysPolitical scientist Marie Mendras said Russian President Vladimir Putin's strategy is "to terrorize everybody" so that they will accept his desires and rule.Huileng TanFebruary 27, 2024
Business, finacialJensen Huang, the CEO of Nvidia, is on the cusp of becoming one of the richest 20 people in the worldNvidia's share price has risen over five times since the start of 2022, sending Huang's net worth to nearly $70 billion.Huileng TanFebruary 23, 2024
Business, finacialRussia has managed to skirt many of the West’s sanctions, but they still come at a cost to Putin: economistRussia has to pay intermediary fees to banks in China, Turkey, and Central Asia even if they are willing to transact in the face of Western sanctions.Huileng TanFebruary 21, 2024
Business, finacialBurned-out South Korean trainee doctors walked off their jobs over a plan to boost med school enrolmentDoctors said the issue isn't a labor shortage but a manpower crunch due to low wages and poor working conditions.Huileng TanFebruary 20, 2024
Business, finacialChinese banks are getting cold feet dealing with RussiaThe Kremlin said it's trying to "working" on addressing issues with Beijing.Huileng TanFebruary 8, 2024
Business, finacialChina’s economy may not overtake the US, but a Trump presidency would still help Beijing: former IMF officialChina will find it hard to sustain a growth rate at 4% to 5% in the next few years, said Eswar Prasad, a Cornell professor and former IMF official.Huileng TanFebruary 7, 2024
Business, finacialRussians are freezing as Soviet-era infrastructure in the country crumbles —and Moscow keeps spending on warFunding for public utilities made up just 2.2% of Russia's total expenditure in 2023. Meanwhile, Moscow blew 21% of its budget on defense.Huileng TanFebruary 6, 2024
Business, finacialA company lost $25 million after an employee was tricked by deepfakes of his coworkers on a video call: policeA Hong Kong-based employee attended a video call with deepfake versions of the company's UK-based CFO.Huileng TanFebruary 5, 2024