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Chinese State Banks to Compete for Role on Aramco’s IPO

(Bloomberg) -- Some of China’s biggest state-owned banks have been invited to pitch for the Saudi Aramco initial public offering, people with knowledge of...
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XMG introduces heavy machinery series specifically for the Middle East

XCMG, a well-known Chinese multinational heavy machinery manufacturer, launched its new product line up catering to the Middle East market at a function in...
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China CNPC extends Oman oil production contract for 15 years

China CNPC has extended its contract for developing an aged oilfield in Oman for another 15 years, Reuters quotes Chinese state oil and group...
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China Commits to Trade Talks Amid ‘Groundless’ Huawei Suspicions

(Bloomberg) - Beijing is committed to striking a trade deal with the U.S. but it’s ready to respond with more countermeasures, said Chinese envoy Cui...
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Millionaires Flee Homelands as Tensions Rise, Taxes Bite

The world’s wealthy are increasingly on the move.About 108,000 millionaires migrated across borders last year, a 14 percent increase from the prior year, and...
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Five Biggest Data Centres Across the Globe

With reportedly 3 million data centres across the globe, these behemoth powerhouses (pun intended) rose to prominence in the late 1990s and early 2000s....
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Google to Block TikTok in India

Google has complied with an Indian court order to block access to the popular app TikTok over government concerns with illicit content, according to...
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China’s fourth quarter slips to 6.4%

In the three months to December, the economy of China grew 6.4% from a year earlier, down from 6.5% in the previous quarter. For the...
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Tesla’s Shanghai factory opens today

Tesla hold the groundbreaking ceremony for its first non-U.S. factory in Shanghai."Looking forward to breaking ground on the Tesla Shanghai Gigafactory today!" Musk tweeted...
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Alibaba raises $1bn in 85 seconds during Singles’ Day sale

Chinese internet giant Alibaba raked in $1bn (£780m) in just 85 seconds during yesterday’s Singles’ Day sale in China. The e-commerce company - China’s equivalent...
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