London CNN Business — Last year, Auckland’s largest real estate company couldn’t sell properties quickly enough to meet demand in New Zealand’s biggest city. Houses were “flying out the door,” said Grant Sykes, a manager at real estate agency Barfoot & Thompson. “There were chin-dropping moments when agents stand around the room and are gobsmacked […]
Hong Kong CNN Business — China has locked down a major transportation hub in the south, as the country grapples with its largest nationwide Covid outbreak since April. The lockdown also follows rising cases in Beijing, which reported the country’s first Covid deaths in nearly six months. In recent days, China had begun to ease […]
Hong Kong CNN — When world leaders at the Group of 20 summit in Bali, Indonesia, issued a joint statement condemning Russia’s war in Ukraine, a familiar sentence stood out from the 1,186-page document. “Today’s era must not be of war,” it said, echoing what Indian Prime Minister Narendra Modi told Russian leader Vladimir Putin […]
Hong Kong CNN — Residents under Covid lockdown in China’s southern manufacturing hub of Guangzhou have torn down barriers meant to confine them to their homes, taking to the streets in defiance of strictly enforced local orders, according to video and images circulating on social media. Some of the images show large crowds cheering and […]
Hong Kong CNN Business — Officials attending the first US-China summit under the new Biden administration in March 2021 exchanged undiplomatic words, highlighting a tense relationship between the world’s two largest economies grappling with a simmering trade war. Since then, ties between the United States and China have chilled further, particularly after the US House […]
New Delhi CNN Business — Shares of Taiwan Semiconductor Manufacturing Company surged on Tuesday after Warren Buffett’s Berkshire Hathaway disclosed that it had purchased a $4.1 billion stake in one of the world’s largest chipmakers. In a filing with the United States’ Securities and Exchange Commission on Monday, Berkshire Hathaway (BRKA) said it acquired about […]
Editor’s Note: Matthew Bossons is an editor and journalist based in Shanghai. He has lived in China since 2014. The views expressed in this commentary are his own. View more opinion on CNN. Shanghai CNN — In the lead-up to China’s Communist Party Congress last month, watercooler chatter in many offices here focused on a […]
Hong Kong CNN Business — Chinese authorities are making their biggest effort yet to end a crisis in the country’s vast real estate sector that has weighed heavily on the economy over the past year. Shares of China’s biggest property developer Country Garden soared as much as 52% in Hong Kong after Beijing on Friday […]
CNN Business — Apple has limited the use of the AirDrop wireless file sharing function on devices in China, just weeks after reports that some protesters had used the popular feature to spread messages critical of the Chinese government. Users of iPhones in mainland China who updated their iOS software this week can send or […]
Hong Kong CNN Business — China’s Singles Day, the world’s biggest annual shopping event, is known for regularly smashing sales records. This year’s bonanza, which wraps up on Friday and is led by internet titans Alibaba (BABA) and JD.com (JD), will likely be no exception: Analysts expect it to rack up 1 trillion yuan ($140.8 […]