In terms of its infrastructure, urbanisation rate and education, nutrition and life expectancy levels, China is already a developed economy. But its nominal per capita GDP is about one sixth of the US’ and one third of Europe’s and Japan’s. A cheap currency is the...
A Chinese government-run equity exchange clarified on Wednesday that it has no links to an overseas cryptocurrency firm that shares its abbreviated English name.The China Beijing Equity Exchange, a bourse run by the municipal government of Beijing for trading stakes in state-owned enterprises, said in...
A popular video game developed by a Japanese studio has set off an unexpected cloud-computing race between Tencent Holdings and Alibaba Group Holding, as the two Chinese tech giants rush to draw players to their respective servers.Palworld, an open-world survival game developed by Pocketpair that...
No. 1 trending travel destination 2024: ToykoTokyo is the top trending destination for 2024, according to Tripadvisor.Japan was among the last countries to ease border closures after the Covid-19 pandemic and now that they are open again, tourists are getting in line to visit the...
Powell’s circumspect tone indicated that the Fed was in no rush to reduce rates. That sent stocks skidding, as traders who were betting for cuts to commence in March ran for cover. The S&P500 index plunged 1.5 per cent in New York, marking the sharpest...
China’s installed capacity for wind and solar energy will exceed that of coal for the first time by the end of this year, according to an estimate made by the country’s power trade association, as the country remains on track towards sourcing 80 per cent...
Manulife has announced that its coverage of 260 specialty prescription drugs will apply only at Loblaw-owned pharmacies, a deal that was first reported by The Canadian Press on Tuesday.Experts who spoke with CBC News said the deal could hurt independent pharmacies and degrade the quality of...
Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing Corp. began tracking that data in 1988.The federal housing agency said in a report Wednesday...
Social media platform TikTok began pulling music by artists with Universal Music Group on Thursday amid a fight over licensing rights, according to a report by The New York Times.That means music by Universal artists was deleted from TikTok's library, and that music by Universal artists on existing...
The Desjardins Group says it will cut its service centres and ATMs by 30 per cent before 2027.Spokesperson Jean-Benoît Turcotti says the boards overseeing the 200-plus credit unions that comprise the organization made the decision after analyzing how frequently the outlets were used.Desjardins says it...