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China sales to US slump even as exports beat forecasts
China sales to US slump even as exports beat forecasts
Economy
by  AFP

China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. However, exports to the United States -- one of China's top trading partners -- fell 17.6 percent month-on-month, data showed.

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.