Shippers have diverted about $80 billion worth of cargo away from the Red Sea as they face the threat of attacks from Houthi militants in Yemen. Carriers are re-routing vessels as a direct result of 15 strikes in the Middle Eastern body of water since the start of the Israel-Hamas war in October. U.S. Defense […]
Tencent and NetEase shares plunged on Friday after Beijing released draft guidelines aimed at curbing incentives that could lead to excessive gaming and spending. China’s National Press and Publication Administration released the new draft guidelines during the mid-morning Friday trade, sinking the Hong Kong-listed shares of the two Chinese companies. Tencent tumbled as much as […]