Business News
Dive into the latest business news, market trends, and financial insights. Stay ahead with Creative Media News.
China reduces lending rates as the real estate crisis worsens.
China’s central bank has reduced its mortgage rate to stabilize the property market. The People’s Bank of China (PBOC) reduced ...
Cineworld admits it is contemplating Chapter 11.
Cineworld has revealed that it is considering filing for bankruptcy in the United States as it continues to struggle with ...
Iconic Shanghai sights are darkened due to a power shortage caused by a drought.
The Bund, an iconic skyline in the Chinese city of Shanghai, will not be lit for two nights to conserve ...
Do new school uniform regulations save money for parents?
Beginning in September 2022, a new law will safeguard parents in England against excessive school uniform fees. State schools will ...
P&O Ferries is given an ultimatum when the company’s owner reports record profits.
The company’s move earlier this year to terminate 786 crew members without warning and replace them with significantly cheaper agency ...
China imprisons billionaire Xiao Jianhua for 13 years.
A Chinese-Canadian millionaire was sentenced to 13 years in prison and his corporation was fined over $8 billion (£6.7 billion) ...
Cineworld shares fall on worries of insolvency.
Concerns that the second-largest theatre chain in the world is poised to declare bankruptcy has caused a decline in Cineworld ...
July retail sales gain 0.3%, while the long-term downturn continues.
The Office of National Statistics reports that sales of clothing and home products continue to decline, with customer feedback indicating ...
A rising proportion of those under 30 pay expensive rent.
Those under 30 are facing a growing rental crisis. According to the report, 40% in this age group now spend ...
Super Orange HK’s attempt to acquire Pulsic is thwarted on security concerns.
The United Kingdom has banned the takeover of an electrical design company by a Hong Kong company due to national ...
Sir Jim Ratcliffe: Billionaire seeking to purchase Manchester United.
Sir Jim Ratcliffe, a British millionaire, desires to purchase Manchester United. According to a Bloomberg story, the Glazer family is ...
US and Taiwan declare formal bilateral trade negotiations.
The United States has declared that it will begin formal trade negotiations with Taiwan, weeks after House Speaker Nancy Pelosi’s ...