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Chinese fabric exporters anxious for US trade patch-up
Chinese fabric exporters anxious for US trade patch-up
Economy
By AFP

Surrounded by samples of silk and glittering tweed in one of China's largest fabric markets, textiles exporter Cherry said she was anxiously awaiting the result of trade talks with the United States this weekend. Sales to the United States made up 18 percent of China's total textiles and apparel exports in 2024, according to Moody's Ratings.

Former head of crypto platform Celsius sentenced 12 years
Former head of crypto platform Celsius sentenced 12 years
Economy
By AFP

The founder and former CEO of bankrupt cryptocurrency trading platform Celsius, Alexander Mashinsky, was sentenced Thursday to 12 years in prison on fraud charges. Mashinsky, 50, pleaded guilty last December to securities fraud in a deal that reduced the level of charges he faced.