China pushes back against US sanctions with new rules

BEIJING (BLOOMBERG) – China continued its pushback against US sanctions, issuing new rules to protect its firms from “unjustified” foreign laws and allowing Chinese courts to punish global companies for complying with foreign restrictions. The rules on “counteracting unjustified extra-territorial

Elon Musk debates how to give away world's biggest fortune

(BLOOMBERG)- Elon Musk is not only the world’s richest person, he lays claim to the biggest net worth ever recorded: US$209.3 billion (S$277.4 billion) as of Friday. What he does with it will be closely watched. Judging by Twitter, the

The Week in Business: The Price of Chaos

No one should have been surprised by the violence in Washington this past week, but it was stunning nonetheless. Here’s how the business and tech industries are reacting, and what comes next. — Charlotte Cowles What’s Up? (Jan. 3-9) A

When Business and Politics Mix, ‘Character Really Counts’

A week in which some lawmakers tried to overturn an election and President Trump incited a mob to storm the Capitol ended with Twitter permanently suspending Mr. Trump’s account on Friday night, citing “the risk of further incitement of violence.”

Poshmark Market Cap Could Hit $2.86B

As the world focused on the violence and political chaos in Washington, D.C., other areas of the federal government continued on, allowing the engines of commerce to churn. To wit, in a new amendment filed with the Securities and Exchange

Small-Business Loan Program Will Restart Monday, but Not for All

Lenders who specialize in working with Black- and minority-owned small businesses will have a head start in tapping Paycheck Protection Program funds when the program reopens next week, a move meant to address complaints that the aid was not distributed

Starbucks CEO on new stores and overcoming Covid-19

The local Starbucks business is gearing up for a busy 2021. After what was a disruptive 2020 due to the coronavirus pandemic, affecting the company’s sales revenue as borders remained closed, Starbucks is looking ahead to brighter days and more