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Business

U.S. sheds 701,000 jobs in March, experts say "just the beginning"

U.S. employers cut 701,000 jobs in March, and the unemployment rate soared to 4.4 percent, ending a [Full report]

Chinese securities regulator condemns Luckin coffee for accounting fraud

BEIJING, April 3 (Xinhua) -- Chinese securities regulator said Friday that it pays close attention t[Full report]

AIIB to set up 5-bln-USD COVID-19 crisis recovery facility

BEIJING, April 3 (Xinhua) -- The Asian Infrastructure Investment Bank (AIIB) said Friday that it wil[Full report]

U.S. economy to decline by 7 pct in Q2: Congressional Budget Office

WASHINGTON, April 2 (Xinhua) -- The U.S. Congressional Budget Office (CBO) estimates that second-qua[Full report]

Economists call for free trade to fight COVID-19 pandemic amid rising protectionism

WASHINGTON, April 2 (Xinhua) -- As protectionism and anti-globalization sentiments grow during the C[Full report]

Luckin Coffee shares plummet on accounting probe

NEW YORK, April 2 (Xinhua) -- Shares of Chinese coffee chain retailer Luckin Coffee plunged more tha[Full report]

China's Chongqing sees more tech-based enterprises

CHONGQING, April 2 (Xinhua) -- The southwestern Chinese municipality of Chongqing has a total of 16,[Full report]

China sees over 400 bln yuan of tax and fee cuts

China has issued a total of 402.7 billion yuan (about $56.7 billion) in tax and fee cuts in the firs[Full report]

China warns against virtual currency trading, ICO risks

BEIJING, April 2 (Xinhua) -- The National Internet Finance Association of China (NIFA), a self-disci[Full report]

Online sales of electronic products surges in China despite COVID-19 outbreak

China saw surging online sales of electronic products in the January-February period, despite the ne[Full report]
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