Evergrande shares tumble to record low as debt deadline looms yet again December 6, 2021 Shares in embattled Chinese real estate developer Evergrande plunged to their lowest price ever overnight as investors cleared out of the company over concerns it is on the brink of collapse. Evergrande is yet again teetering on the verge of missing a 30-day grace period deadline to pay debts worth over £82m. The downward turn [...]
Elon Musk is being allowed to ‘make the rules’ in space warns ESA December 5, 2021 The chief of the European Space Agency has warned that governments are allowing tech billionaire Musk to "make the rules" in space.
Triple whammy: SoftBank shares slide 3.5 per cent after rocky 24 hours for Didi, Arm and Grab investments December 3, 2021 Shares in Japanese conglomerate Softbank sank as much as 3.5 per cent today after three of its high-profile investments Didi, Arm and Grab were hit with setbacks in the last 24 hours. The investment giant’s shares dropped as low as 5,423 yen ($47.89) today, before settling slightly higher, but with losses of 23 per cent [...]
Activist investor pushes Glencore to spin off coal business November 30, 2021 Activist investor Bluebell Capital Partners has called on commodities titan Glencore to spin off its thermal coal business.
When the chips are down: the tiny piece missing from our supply chains November 30, 2021 If you haven’t already bought your tech gifts this Christmas you may have to come up with some more primitive alternatives for your loved ones. Chronic shortages of chips, the tiny semiconductors that are essential to a myriad of technologies, as well as high labor and transport costs, mean that Christmas gifts this year such [...]
If China’s interfering with hash rate and mining pools, then Bitcoin just proved its resilience November 26, 2021 Jason Deane gathers his thoughts of the week as fingers point towards China's continued disdain for crypto
Beijing asks Didi to delist in New York over data security concerns November 26, 2021 Chinese regulators have pressured top executives of ride hailing giant Didi to pull together a plan to delist from the New York Stock Exchange over data security fears, according to reports. Beijing’s Cyberspace Administration of China (CAC) – the body that has cracked down on the likes of Ant Group and Alibaba in the last [...]
The boring predictability of our rule of law will ensure Britain’s success November 26, 2021 Power doesn’t disappear overnight. In the immortal words of Paul Simon, it slip slides away. In Helmand, Afghanistan I realised things were falling apart when people stopped coming to the government to resolve disputes. They turned to the Taliban instead. That was 15 years before the end. Subtly, almost unnoticed, here was proof that people [...]
UK overhauls development investment body to challenge influence of Chinese loans November 25, 2021 Foreign secretary Liz Truss has revamped the UK’s development investment arm in a bid to offer emerging economies an alternative source of private capital to Chinese loans that can counter Beijing’s influence and avoid “bad and unsustainable debt.” Truss launched British International Investment (BII) this morning at the London Stock Exchange, a body that will [...]
Peng Shuai: What we know, the IOC and the Olympic Games November 24, 2021 The curious case of Peng Shuai gets curiouser and curiouser as the days roll by. From initial allegations, to a prolonged period away from public view, to a court-side appearance, to a video call with International Olympic Committee (IOC) president Thomas Bach. It’s almost unbelievable. The timeline began on 2 November, when Peng accused a [...]