HSBC versus Asian shareholders: Bank’s chiefs warn Hong Kong investors against ‘risky’ break-up April 3, 2023 HSBC’s top brass hit back at shareholder proposals to spin off the bank’s Asian business and pay fixed dividends, as it sought to quieten shareholders’ discontent about the bank’s business model. At a meeting of investors in Hong Kong, Reuters reported that HSBC chair Mark Tucker warned a restructuring or spin-off of HSBC’s Asia business [...]
The must-have accessory for global finance chief execs? A first class flight to Beijing April 3, 2023 A flurry of top financial executives have visited China for the first time since the COVID-19 pandemic as global financial giants seek to cement their relations with Beijing at the start of President Xi Jinping’s new term. Goldman Sachs CEO David Solomon, HSBC CEO Noel Quinn and Standard Chartered boss Bill Winters are among the [...]
China’s undeclared information war with Taiwan is a warning from Beijing April 3, 2023 We can't afford not to care about what happens between China and Taiwan. And it's not a matter of "if" anymore - it's a matter of what we'll do when Beijing challenges Taiwan, writes Eliot Wilson
China ahead in carbon capture race with 73 per cent of patents, while UK filed just 1 per cent March 25, 2023 Chinese scientists filed 73 per cent of all carbon capture and storage (CCS) patents last year, research from Mathys and Squire shows.
Now the BBC has told staff to delete TikTok from any corporate devices March 20, 2023 The BBC has urged staff to delete TikTok from any corporate devices unless they are using it for editorial and marketing reasons. Guidance sent to staff at the broadcaster on Sunday, as first reported by Deadline, said: “We don’t recommend installing TikTok on a BBC corporate device unless there is a justified business reason. If [...]
Oil prices show signs of recovery after banking crisis subsides and commodity investors reassured March 17, 2023 Oil prices suffered their biggest weekly falls since December as a banking crisis rocked financial markets and spooked investors.
TikTok denies Chinese state collusion after UK government bans social media app use on devices March 17, 2023 Chinese-owned company TikTok has said it is “disappointed” by the government’s decision to ban the social media app on MPs’ phones. The social media video app has been at the centre of security and data protection concerns in recent weeks – with Cabinet Office minister Oliver Dowden announcing the decision in parliament yesterday. Speaking yesterday [...]
A decentralised world brings economic efficiency, economic proficiency, stability, and peace of mind – Part 2 March 16, 2023 In part two of Dr Chris Kacher's overview of what a decentralised world holds, he examines the power of what a DAO can do.
Oil markets stabilise after Credit Suisse crisis sank prices to a15-month low March 16, 2023 Oil markets have calmed after sliding to 15-month lows yesterday, with tensions easing after Credit Suisse was given a £45bn emergency loan.
Oil demand set for huge boost from China with 2023 to end ‘with a bang’, says IEA March 15, 2023 The IEA says oil demand is edging up slowly but is set for a huge boost from resumed air travel and China's economic reopening.