Representations of virtual cryptocurrencies seen in this illustration taken November 28, 2021. Photo: Reuters
Digital currencies
Russia proposes ban on cryptocurrencies, points to steps taken in China
3 hours ago

The central bank of Russia, the third-largest bitcoin mining market, cited risks to financial stability and pointed to China’s cryptocurrency ban as an example.

Representations of virtual cryptocurrencies seen in this illustration taken November 28, 2021. Photo: Reuters
Russia proposes ban on cryptocurrencies, points to steps taken in China

The central bank of Russia, the third-largest bitcoin mining market, cited risks to financial stability and pointed to China’s cryptocurrency ban as an example.

3 hours ago
45 minutes ago
20 Jan 2022 - 10:56PM
A woman wearing a face mask walks past a bank’s electronic board showing the Hang Seng Index on January 17. Photo: AP
Hong Kong stocks trim weekly gain as Alibaba, NetEase track US tech slump

Stocks pare gains built on China easing bets earlier this week, tracking losses in global markets after a gauge of US technology companies slipped into a correction phase on Thursday.

45 minutes ago
Artificial intelligence
China Vanke’s ‘virtual’ employee ushers in more AI in the workplace

China, which plans to be a world leader in AI by 2030, is predicted to deploy more ‘virtual’ employees this year.

China, which plans to be a world leader in AI by 2030, is predicted to deploy more ‘virtual’ employees this year.

20 Jan 2022 - 10:56PM
Regulation
China’s internet watchdog denies it has issued policy to vet Big Tech deals

China’s cyberspace watchdog said it has not issued a policy to vet investment deals by internet firms, although sources say internal discussions are under way on how to enhance its supervision of the sector.

China’s cyberspace watchdog said it has not issued a policy to vet investment deals by internet firms, although sources say internal discussions are under way on how to enhance its supervision of the sector.

20 Jan 2022 - 8:00PM
20 Jan 2022 - 7:33PM
Hong Kong real estate regains appeal with international investors: CBRE
20 Jan 2022 - 7:00PM
China’s Xian residents in lockdown find relief on social media
20 Jan 2022 - 8:00PM
20 Jan 2022 - 7:33PM
20 Jan 2022 - 7:00PM
Explainer | What is the metaverse, how will it work and why does Facebook want in?

Here’s why everyone is talking about the metaverse and why Facebook wants to shift from social media to becoming a virtual world where people can meet, work and play.

Here’s why everyone is talking about the metaverse and why Facebook wants to shift from social media to becoming a virtual world where people can meet, work and play.

10 Jan 2022 - 9:34AM
Big Tech threatens an open metaverse, says Sandbox founder

The Sandbox co-founder Sebastien Borget aims to build a decentralised metaverse outside the control of Big Tech as investors pour money into its NFT virtual land sales.

The Sandbox co-founder Sebastien Borget aims to build a decentralised metaverse outside the control of Big Tech as investors pour money into its NFT virtual land sales.

10 Jan 2022 - 9:36AM
China’s Metaverse gold rush is on as investors pile in

Concept gained traction during pandemic as people confined to their homes took to games like Fortnite and Roblox to socialise and create new worlds.

Concept gained traction during pandemic as people confined to their homes took to games like Fortnite and Roblox to socialise and create new worlds.

10 Jan 2022 - 9:29AM

Business | OPINION

A worker checks excavators at a construction machinery company in Yantai, in China’s Shandong province, on January 17. In China, the release of fiscal stimulus is under way with clear support for infrastructure investment. Photo: Xinhua
Macroscope | China set to lead emerging market equities out of Covid-19 doldrums

China is revving up its engines of growth by relaxing interest rates and releasing fiscal stimulus while the US and Europe tighten policies and rates to fight inflation. But near-term risks remain, especially from Covid-19, so solid improvements may not be seen until the next quarter.

2 hours ago
The View | As the global economy goes digital, billions risk being left behind

Global inequality could worsen in a digital economy as nearly 3 billion people in mostly developing countries still have no access to the internet. To close the digital divide, governments in emerging economies like Asean must invest in education and infrastructure.

Global inequality could worsen in a digital economy as nearly 3 billion people in mostly developing countries still have no access to the internet. To close the digital divide, governments in emerging economies like Asean must invest in education and infrastructure.

4 hours ago
As the global economy goes digital, billions risk being left behind
Macroscope | Central bank policy errors in China and the US: who is most at risk?

Markets’ underpricing of the Fed’s resolve to tackle inflation could be devastating if and when it is forced to raise rates more aggressively. Likewise, amid signs of financial contagion in China’s property market, the PBOC must decide on the timing and extent of more forceful action.

Markets’ underpricing of the Fed’s resolve to tackle inflation could be devastating if and when it is forced to raise rates more aggressively. Likewise, amid signs of financial contagion in China’s property market, the PBOC must decide on the timing and extent of more forceful action.

20 Jan 2022 - 2:30PM
Central bank policy errors in China and the US: who is most at risk?

Business | Explore more