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US to block cotton from China region targeted in crackdown

WASHINGTON (AP) — The U.S. government announced Wednesday that it will halt imports of cotton and tomatoes from the Uighur region of China in its most sweeping action yet to pressure the Communist Party over its campaign against ethnic minorities. Officials said Customs and Border...

Where is Jack Ma, China's e-commerce pioneer?

BEIJING (AP) — China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks. The former English teacher founded Alibaba Group in 1999, when China had few internet users. Online payments service Alipay launched five years later, before regulators...

Dollar in the dumps as 2020 ends, another bumper bond year

The dollar was set to end 2020 around 2-1/2 year lows on Thursday, allowing currencies from the euro to Chinese yuan to strengthen, while holiday-thinned euro zone bond yields were mostly steady after dropping 30-100 basis points over the year. The prospect of a brighter 2021 has lessened...

Honda to stop auto sales in Russia in 2022

The Russian subsidiary of Japan’s Honda Motor Co said on Wednesday it would stop supplying new cars to official dealers in Russia in 2022. It said the move was linked to Honda’s efforts to restructure its operations.