Business, finacialWhat the collapse of a company owing $300 billion means for the worldEvergrande, China's biggest real-estate developer, is being liquidated. It has assets worth about $245 billion, but owes about $300 billion.Huileng TanFebruary 3, 2024
Business, finacialThe Russian government and its central bank are publicly disagreeing on how to handle the economyThe Russian government said capital controls ordered by Putin in October are effective and should be extended. Russia's central bank disagrees.Huileng TanJanuary 25, 2024
Business, finacialNvidia’s Jensen Huang sheds his biker chic look to dance in a red floral vest during a visit to ChinaNvidia cofounder and CEO Jensen Huang was in China ahead of Chinese New Year, which starts on February 10 this year.Huileng TanJanuary 24, 2024
Business, finacialRussia is threatening to retaliate against the West in equal measure if it confiscates Moscow’s frozen assets to help UkraineLeaders of the Group of Seven are set to discuss how to legally seize $300 billion in Russian central bank assets to fund reconstruction in Ukraine.Huileng TanJanuary 23, 2024
Business, finacialMeta is approaching a $1 trillion market cap after Mark Zuckerberg’s ‘Year of Efficiency’Meta's market cap is now $966.60 billion, which means it is $33.4 billion away from the prized $1 trillion milestone.Huileng TanJanuary 18, 2024
Business, finacialRussia has burned through almost half of the liquid reserves in its national wealth fund as it bleeds money amid the war in UkraineLiquid assets under Russia's National Wellbeing Fund fell from 8.9 trillion rubles in January 2022 to 5 trillion rubles at end-2023.Huileng TanJanuary 18, 2024
Business, finacialGo to the office 4 to 5 times a week if you’re young and want to score a promotion, says a corporate leader"I'd be in the office four to five days a week," Kevin Ellis, the chair of PricewaterhouseCoopers UK, said.Huileng TanJanuary 16, 2024
Business, finacialThe Red Sea attacks appear to be hurting traders and suppliers across the globe — but Russia’s oil trade with India is still boomingRussian oil cargoes typically sail through the Red Sea before reaching India and this remains the preferred route, per S&P.Huileng TanJanuary 11, 2024
Business, finacialIt’s not just Jeff Bezos — Amazon’s looking for office space in Miami, tooIn October, Amazon founder Jeff Bezos snapped up a seven-bedroom mansion in Indian Creek, Florida, for $79 million.Huileng TanNovember 27, 2023