City Beijing Financial News

05.02 / 20:59

Europe Winter Olympics Portugal's government approves lithium mining despite protests, concerns

The race for lithium in Portugal has reached its pinnacle.

05.02 / 14:03

London Ukraine crisis: Xi backs Putin as von der Leyen pledges 'robust' sanctions

High-stakes diplomacy continues in a bid to avert a war in Eastern Europe as the Russian military build-up on its border with Ukraine continues to pose a threat.

05.02 / 02:19

Blockchain Lowe's Digital Winter Olympics Low China: CBDC makes a low key debut at Winter Olympics, two banks phase out cash

After eight years of guesses, discourse, and conflicting reports, China’s digital yuan CBDC made a rather low-key debut at the 2022 Beijing Winter Olympics on 4 February.

04.02 / 22:35

Blockchain Digital Winter Olympics Reserve Federal Reserve Bank of Boston and MIT report on Project Hamilton’s first phase

As China’s digital yuan sees its debut on the first day of the 2022 Beijing Winter Olympics, another country has shown signs of stepping into the CBDC development arena. This was none other than the USA.

04.02 / 21:37

Law Winter Olympics lawmakers US lawmakers US lawmakers issue warnings about digital yuan as Winter Olympics kicks off

With the opening ceremony of the Beijing 2022 Winter Olympics completed and all competing athletes currently in China, two members of Congress are warning of the potential dangers of using digital yuan at the events.

04.02 / 20:01

European Union Winter Olympics Costs Russia will face massive costs if it attacks Ukraine, warns EU chief Ursula von der Leyen

Russia will face "severe consequences" and "massive costs" if there is any military aggression against Ukraine, EU chief Ursula von der Leyen has warned in an interview with Euronews.

04.02 / 18:49

festival Winter Olympics After 70 years on the throne, is this the Queen's worst yet?

On 24 November 1992, Queen Elizabeth II, marking four decades on the throne, took the unusual step of admitting publicly that she had not had a very good year.

04.02 / 14:05

Television Winter Olympics restrictions COVID restrictions Beijing Winter Olympics underway amid strict COVID restrictions and diplomatic boycott

Beijing is about to become the first city to host both a winter and summer Olympic Games when it launches a locked-down Winter Olympics opening ceremony on Friday.

04.02 / 13:45

NFT Gaming Non-fungible tokens Animoca Brands’ Offshoot nWay Launches Official Multiplayer Party Game of Beijing 2022 Olympics

nWay, a subsidiary of major non-fungible token (NFT)-focused company Animoca Brands, has launched Olympic Games Jam: Beijing 2022, the official licensed play-to-earn multiplayer party game of the Olympic Winter Games that opened today.

03.02 / 17:59

Blockchain Digital Mobile IOC launches Beijing Olympics-themed mobile game with NFTs

The International Olympic Committee has become the latest organization to jump into the non-fungible token craze.

01.02 / 03:13

Citi Digital Limelight Winter Olympics Winter Olympics spotlight Beijing’s digital yuan: Will China’s CBDC plans push others to move faster?

Central bank digital currencies will get some international limelight over the next couple of weeks as China plans to test its digital yuan at the Beijing Winter Olympics.

01.02 / 00:51

business CBDC Yuan Winter Olympics restrictions COVID restrictions COVID restrictions stymie digital yuan rollout at Beijing Winter Olympics: report

Though athletes and support staff arriving for the Beijing 2022 Olympics still have the option of using digital currency for payments at many venues, the international test run of China’s CBDC is reportedly facing hurdles due to the pandemic.

31.01 / 22:20

Blockchain Digital Racing Strategy Winter Olympics Japan could be taking the slow route on CBDC development for this reason

As China races ahead with not just CBDCs, but also blockchain project pilots, all eyes are on its neighbours. In particular, experts worldwide are closely watching Japan.

31.01 / 12:59

Blockchain Digital Manufacturing Southern testing China Announces 15 Pilot Zones for Testing Blockchain Tech

China announced 15 pilot zones for testing the application of blockchain technology for several service sectors.

31.01 / 04:09

COST UPS Citi Tesla China's Covid lockdown rules are sending prices higher, says Chinese EV start-up

BEIJING — Covid-related restrictions have increased production costs for Chinese electric car start-up WM Motor, even as existing chip and battery shortages are driving up costs, CEO Freeman Shen told CNBC.

29.01 / 04:15

CBDC Adoption Central Bank retail Winter Olympics ‘All Winter Olympics Merchants Now Accept Digital Yuan,’ Say Chinese Banks

The Chinese central bank, the People’s Bank of China (PBoC), is gearing up for what will be the biggest week yet for its digital yuan. And while the token remains officially in its pilot phase, it will be showcased to the world next week as the Winter Olympics begin. Domestic adoption plans will also go into overdrive – as the nation celebrates the Lunar New Year.

28.01 / 13:33

UPS IPO Shell IPOs China's new rules on overseas IPOs will apply to Hong Kong, securities regulator says

BEIJING — China's forthcoming rules on overseas IPOs will apply to Chinese companies that want to list in Hong Kong, the China Securities Regulatory Commission told CNBC on Friday.

28.01 / 12:34

Blockchain CBDC Payments Chinese food delivery giant joins CBDC efforts

China’s food delivery giant Meituan has become the latest tech firm to integrate central bank digital currency (CBDC) payments for its services.

27.01 / 15:13

Target Fighting EU Hits Back at China Over Trade Limits, Taking Lithuania Fight Global

BRUSSELS—The European Union hit back against China’s targeting of one of the bloc’s smallest members over its ties to Taiwan, opening a new front in the global battle over Beijing’s use of economic pressure to advance political objectives.

27.01 / 07:33

cryptocurrency economy World China to start 3-year nationwide crackdown on money laundering

Following increased regulatory steps, Beijing will now start a three-year nationwide crackdown on money laundering from 2022 to 2024, Bloomberg reported.

26.01 / 14:51

Manufacturing CEO Baidu Chinese giant Baidu and automaker Geely put nearly $400 million more into their electric car venture

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