'You're not safe anywhere': Tourism woes slow China's rebound

‘You’re not safe anywhere’: Tourism woes slow China’s rebound

Fiona Wang prepared for a week of relaxation among palm fronds, golden sand beaches and swimming pools at the Atlantis Sanya, a tropical resort on Hainan Island in southern China. Instead, the Beijing mother of three young children found herself stuck in the hotel for the past two weeks, begging local authorities for a flight out of Hainan as she ran out of powdered milk for a 13-month-old . Wang was one of 150,000 vacationers stranded this month on the island known as the “Hawaii of China,” the latest in an ongoing series of localized lockdowns and mass testing campaigns…

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Business Places: City mourns Jain’s death, Citi reshuffles after Skarbek

Financial services leaders paid tribute to the former Deutsche Bank none Anshu Jain this week after his death from cancer. Jain played a key role in shaping the German lender after the financial crisis. He was described by his peers as “one of the best bankers on Wall Street”, “a leader and visionary to the core” and “one of the best bankers of his generation”. Jain was 59 and is survived by his wife and two children. Tributes were also paid to a veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed the Warren Buffett of India, died on…

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State-by-state financial advice and updates

Hello again everyone and welcome to our live blog with all the latest financial news coming out of the US this Friday August 19. Our live blog will bring you the latest updates on a variety of financial issues including gas prices, the federal gas tax holiday, the summer stimulus update, and more. In addition, there will be several money-saving tips and benefits programs that will be rolled out across the country. So, just below and with the most recent updates closer to the top, we’ll have information on how to get cheaper gas or even free gas in certain…

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Hikvision reports financial results for the first half of 2022

Hikvision reports financial results for the first half of 2022

HANGZHOU, China, August 19, 2022 /PRNewswire/ — Hikvision has reported its financial results for the first half of 2022. During the reporting period, the company generated revenues of RMB 37.26 billion, an increase of 9.90% year-on-year (year-on-year). The net profits attributable to the shareholders of the listed company were RMB 5.76 billionwhich reflects a year-on-year decrease of 11.14%. During the first half of 2022, Hikvision achieved revenue of RMB 11.71 billion in foreign markets, with year-on-year growth of 23.72%. Hikvision reports financial results for the first half of 2022 Hikvision reports financial results for the first half of 2022 With…

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China sentences Canadian tycoon to 13 years for financial crimes

BEIJING (AP) — A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a string of billionaire financial crimes and his company was fined $8.1 billion, announced a court. Xiao Jianhua was convicted of misusing billions of dollars in bank and insurance deposits controlled by his Tomorrow Group and offering bribes to officials, Shanghai No. 1 Intermediate People’s Court said on its social media account . Xiao was fined 6.5 million yuan ($950,000) and his company 55 billion yuan ($8.1 billion), the court said. Xiao was last seen in a…

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China sentences Canadian tycoon to 13 years for financial crimes

BEIJING (AP) — A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a string of billionaire financial crimes and his company was fined $8.1 billion, announced a court. Xiao Jianhua was convicted of misusing billions of dollars in bank and insurance deposits controlled by his Tomorrow Group and offering bribes to officials, Shanghai No. 1 Intermediate People’s Court said on its social media account . Xiao was fined 6.5 million yuan ($950,000) and his company 55 billion yuan ($8.1 billion), the court said. Xiao was last seen in a…

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China sentences Canadian tycoon to 13 years for financial crimes

BEIJING (AP) — A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a string of billionaire financial crimes and his company was fined $8.1 billion, announced a court. Xiao Jianhua was convicted of misusing billions of dollars in bank and insurance deposits controlled by his Tomorrow Group and offering bribes to officials, Shanghai No. 1 Intermediate People’s Court said on its social media account . Xiao was fined 6.5 million yuan ($950,000) and his company 55 billion yuan ($8.1 billion), the court said. Xiao was last seen in a…

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What Rakesh Jhunjhunwala said about investing through mutual funds

Rakesh Jhunjhunwala, the Indian billionaire investor who is admirably called the ‘Warren Buffett of India’ because he set an exemplary example of how to create wealth from the stock market died on August 14 in Mumbai. A qualified CA and the son of an Income Tax officer, Jhunjhunwala had entered the stock market in 1985 when the Sensex was at 150 points with only ₹5000. The journey that began with ₹5,000 and has left this world today leaving a wealth of $5.8 billion (according to Forbes data) to his family. He is no longer with us, but his investment principles…

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