Money

Bain’s Shanghai office raided by Chinese police

Published

1 year ago

April 27, 2023

ticker NEWS

U.S. consultancy firm Bain has Shanghai office raided as relations between Beijing and Washington sour

As relations between Beijing and Washington continue to deteriorate, U.S. consultancy giant Bain says Chinese police have visited its office in Shanghai.

The firm says it is cooperating with authorities where appropriate.

Officers reportedly took away computers and phones.

Just last month, fellow U.S. company ‘Mintz’ was also raided and five local employees were detained.

Bain’s Shanghai office was opened in the city’s central business district in 2004 and it has additional offices in both Beijing and Hong Kong.

The global firm provides advice to public, private, and non-profit organisations.

U.S. businesses are becoming increasingly concerned about their prospects in China given current geopolitical tensions.

Tensions have heightened since former President Donald Trump triggered a trade war between the two nations in 2018.

They were recently frayed even further when the U.S. shot down an alleged Chinese spy balloon, which Beijing insisted was a weather monitoring device. #trending #featured

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

4 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending