Companies ranging from Amazon to YouTube and Instagram are trying to break into the livestream shopping market. As the FT’s Dave Lee reports, they’re hoping that western consumers will be as keen on the format as their counterparts in China, where sales generated through livestreams are projected to pass $400bn this year. But what’s the best way to crack the market?
Over the past 12 months Covid-19 has curtailed countless business activities, but not money laundering. The UN estimates some $1.6tn is laundered every year, and authorities say lockdown measures have presented criminals with even greater opportunities...
A number of governments, central banks and even some economists now advocate a switch to all-digital currencies. With the rapid rise of mobile payments, the long-term survival of cash seems precarious.
If the US put tariffs on Chinese goods, the impact would be felt way beyond the borders of both countries. China is the world’s biggest exporter, but it’s also the second biggest importer, with many of those imports coming from other Asian countries.
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