Wednesday, 27th, 2024 | 7:19PM Updated

Retired senior couple seated in garden chairs appear relaxed looking out
Babyboomers platform Renew.com receives funding of $3 million

In an effort to bring more information of retirement benefits to baby boomer community, funding has been successfully achieved by Renew.com For retirees, American companies have waived pensions and healthcare benefit packages in the mid-1980s and as a result, the upcoming boomers also stand underprivileged for any compensation as similar to the parents career.

Pedestrians walk past a signage of JPMorgan in its headquarters in New York.
More Than $200 Million to Be Paid by JPMorgan as Settlement in Alleged Bribery Case Over Hiring in China

JPMorgan Chase is set to pay more than $200 million in settlement over allegations that it hired children of Chinese leaders as “quid pro quo” or, in a way to gain favor and win businesses in China, Reuters reported.

A man wears a Trump mask made in a factory in Shenzhen.
Trump’s Name Used as a Brand for High-tech Toilets in China

A company in China sells high-tech toilets called Trump, which according to its founder Zhong Jiye, is not intentional on their part.

As the oil market ended the week with prices lower by 3 percent, the world looks to the Chinese economy for signs of underlying problems, being the second largest oil consumer in the world.
China's Oil Production Hits a 7-Year Low

China's oil production has struck a seven-year low in October, raising fear about increasing dependency on foreign oil.

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Chinese Finance Minister Lou Jiwei attends the press conference of the National People's Congress to discuss local government debt problem in March 2015 in Beijing.
China Addresses Local Govt Debts with Graded Emergency Plan

The Chinese government introduced on Monday, Nov. 14, a four-grade emergency plan, as part of “fiscal re-balancing” in a bid to address the rising concern over local government debts, the Xinhua News Agency reported.

A magazine in Shanghai features Donald Trump in its cover story after his victory in the U.S. elections.
China's Central Bank Unclear About Trump’s Real Trade, Economic Policies

The People’s Bank of China (PBOC), the country’s central bank, is uncertain of what Donald Trump’s trade policies truly are, considering the pronouncements made by the newly elected U.S. president during his campaign.

Alibaba's staff take photos of the screen showing the company's sales figure during last Friday's Singles' Day event.
Alibaba Aiming to Reach Sales Equal to Fifth-largest Economy in the Future

Chinese e-commerce giant Alibaba Group Holding Ltd is hoping to generate sales that is equivalent to the fifth-largest economy in the future, after establishing a new record at the recent annual Singles’ Day online shopping event.

Traders in New York Stock Exchange after Donald Trump Election Presidency
Nvidia Q3 earnings indicate revenue up by 54% y/y staying ahead of AMD

As Q3 earning results indicate, Nvidia has recorded exceptional growth and profitability. Whereas AMD's Computing and Graphics segment has been inactive and unprofitable. Another financial variation is that the investors and fans of AMD expectations subdued compared to the real performance and results obtained by AMD and this is also causing absolute financial contrast.

Singles' Day in China hit record sales again this year.
Alibaba's Singles’ Day Revenue Is Not Enough, Says Ma

Jack Ma, the founder of Alibaba, said that Singles’ Day is not just about hitting record sales.

New U.S. President Donald Trump visits outgoing President Barack Obama.
New US President Donald Trump Accuses China of Currency Manipulation

Donald Trump is accusing President Xi Jinping of controlling the yuan.

Pakistan Prime Minister Nawaz Sharif and Pakistan Army chief General Raheel Sharif attend the opening ceremony of a pilot trade project  in Gwadar port.
China-funded New International Trade Route in Southwest Pakistan Opens

A new international trade route opened in Southwest Pakistan on Sunday, Nov. 13, with a Chinese ship sailing to export goods to the Middle East and Africa, providing an important gateway to China’s One Belt, One Road initiative.

Marks & Spencer will be shutting down several operations over the next few years.
Marks & Spencer to Shut Down 60 Stores; China Shops Affected

Marks & Spencer has announced that it will shut down 30 clothing and homeware stores in the U.K. and convert other shops into food stores as profits turn sour in its latest earnings report.

Chinese Vice Premier Ma Kai and British Chancellor Philip Hammond speak at a press conference following the 8th U.K.-China Economic and Financial Dialogue (EFD) at Lancaster House on Nov. 10.
China-UK ‘Golden Era’ Waning But Bilateral Cooperation Deepening

The glow of the “golden era” or special relationship between China and Britain was said to be fading but the relationship between the two countries continues with new collaboration in joint ventures and financial partnerships.

Jia Yueting, chief executive officer of LeEco Global Group, poses for a picture at the company's headquarters in San Jose, California.
LeEco CEO Says Sales Revenue in 2016 to Exceed $7.3 Billion Despite Financial Pressure

Despite investors’ concerns that over-expansion may affect its finances and slow its long-term growth, Chinese Internet firm LeEco is expecting its revenue this year to more than double and exceed 50 billion yuan ($7.38 billion), China Daily reported.

Groundbreaking: Toy Story Land is coming to Shanghai Disneyland in 2018.
Toy Story Land Will Soon Open in Shanghai Disneyland

Woody, Buzz Lightyear and other characters from Toy Story will soon come to life in Shanghai Disneyland. The recent groundbreaking ceremony for the Toy Story Land was attended by Bob Iger, chairman and chief executive officer of Walt Disney Company; Bob Chapek, chairman of Walt Disney Parks and Resorts; and Fan Xiping, chairman of Shanghai Shendi Group.

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