Seeking stabilityFinancial regulators have urged lawmakers to act fast on legislation to address the rising risk of stablecoins. This type of cryptocurrency — ostensibly backed one-to-one by a stable asset like the dollar, making it more practical as a means for trades and transactions — is booming, with some $130 billion now in circulation. Stablecoin…
The fourth World Laureates Forum officially began in Shanghai’s Lingang Special Area yesterday and ends tomorrow. The event will feature 131 top scientific award winners, including 68 Nobel Prize laureates and nine Turing computing award winners. Among them, 26 will be attending for the first time. Big names present include Reinhard Genzel, who was awarded…
FIREWORKS boomed in the background as visitors at Shanghai Disneyland waited for their COVID-19 test results, surrounded by healthcare workers dressed from head to toe in the white protective suits. On Sunday evening, Shanghai Disneyland announced that they were no longer accepting visitors and cooperating with an epidemiological investigation from another province. They then locked…
A LIST of 100 souvenirs that best represent the Yangtze River Delta were unveiled yesterday for guests attending the fourth China International Import Expo that begins on Friday. The list jointly published by the consumer councils of Shanghai and Zhejiang, Jiangsu and Anhui provinces includes cultural products, food, art and crafts, and daily necessities. “They…
NEW products and technologies from many leading foreign firms based in Shanghai’s downtown will make their global debuts at the fourth China International Import Expo which will begin on Friday. Thirty overseas companies based in Xuhui District will take part in the CIIE this year, the same number as 2020, said Dong Wenyao, director of…
According to Jack Levin, a professor at Northeastern University in Boston and author of the book ‘Gossip: The Inside Scoop’, chit-chat at work can be a force for good. It ties together social and business networks and can improve productivity. But chartered psychologist Dr. Jan Smith, who specializes in workplace mental health, said small talk…
SynopsisThe change could affect corporations like Tata group, Mahindra Group, ICICI Bank, and HSBC Bank, among others, who have multiple subsidiaries and group companies.AgenciesTax experts say the change in law is also set to impact some of the Indian subsidiaries of multinationals that work on a franchisee model and pay a fee or royalty to…
President Joe Biden offered a public apology to a U.N. climate conference over his predecessor Donald Trump’s move to pull the U.S. from the Paris accord. Biden was speaking in Glasgow, Scotland on Monday where world leaders were gathering to discuss implementing the agreement to contain global warming by mid-century. He said: “I shouldn’t apologize,…
SynopsisINLD leader Abhay Chautala, who quit the Haryana assembly in protest against the agri laws, and Congress’ Pratibha Singh, wife of late chief minister Virbhadra Sing are among the prominent candidates in the fray.AgenciesResults will be announced for 3 Lok Sabha constituencies and 29 Assembly seats spread across 13 states.Counting of votes in bypolls to…
Led by engineering goods, petroleum products and gems and jewellery, India’s merchandise exports increased for the eleventh consecutive month in October and grew 42.33% on year at $35.47 billion. Official data released on Monday showed a 62.48% rise in imports leaving a trade deficit of $19.9 billion compared to $9.15 billion and the 14-year high…
