Additional shipping delays, port congestions and logistics under-capacity are expected while transport hub Shanghai remains in lockdown, the Danish company said.
HSBC and Ping An executives plan to meet in mid-May to discuss the insurer's proposal for the bank to spin off its Asian business, according to a source.
The announcement follows news that Sri Lanka has extended a credit line with India by $200 million in order to procure emergency fuel stocks
The secretive deals put the spotlight on how importers keep off established routes to buy Russian oil at cheap rates
Comparable sales in China declined 23%, reversing the rapid expansion there in recent years and overshadowing 12% growth in North America and 7% globally
The first quarter figure is the largest quarterly sum ever and more than double the level seen in the same period a year ago, according to data from Pitchbook
The Tesla head is also trying to talk private equity funds to pitch in for the $44 billion acquisition and reduce his need for loans, the Journal said
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.