After a weekend of intense negotiations, Swiss authorities brokered an emergency deal to sell Credit Suisse the troubled 167-year-old investment bank to its Swiss rival, UBS. A $54bil lifeline from the …
1 year, 9 months ago
Thu 23rd March 2023
[UTC + 07:00]
Massive Empty Containers & Layoffs, China's Exports & Consumption Slump. The Digital Economy Rescue?
Exports, investment, and consumption are known as the three driving forces behind China's economy, but from the current macroeconomic situation in China, it seems that all …
1 year, 9 months ago
Thu 23rd March 2023
[UTC + 07:00]
China's tech startups are in even worse shape/The difference between SVB's and China's bank failure
Before the U.S. government stepped in to bail out SVB, news of the collapse quickly appeared prominently in major Chinese media outlets and continued to …
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