Temu’s e-commerce platform launched in the EU just over a year ago. Company filings in Ireland show how the Chinese firm’s foray into Europe is going.
The payments company had set up shop in Dublin and sought an e-money licence from the Central Bank but has pulled the plug on that strategy.
Chinese policymakers appear unwilling to countenance a significant easing in monetary policy. This apparent inflexibility suggests that the yuan may be building up significant depreciation pressures.
FDI flows towards China have weakened dramatically over the last 12 months, and they have now ground to a complete halt. Is the huge fall in China-bound FDI a reflection of globalisation going into reverse, or corporate de-risking?
The US policy of "my way or the highway" has dramatically failed in the Gulf States as Russia and China become firmly embedded across the Middle East. The long-term consequences for the West are significant.
As US lawmakers intensify scrutiny on Chinese companies growing exponentially on their shores, could Ireland become a shield?
Jimmy Lai, a former textile and media tycoon, faces life imprisonment in Hong Kong for printing his pro-democracy newspaper. His son and Irish-led legal team are trying to find the right pressure points to stop that from happening.
The flight of Western capital from Russia since its invasion of Ukraine has so far been replaced with inflows from other partners led by China. The real threat for Moscow lies in the longer-term effects of shrinking investment.
The Carlow-based university spin-out harnessing bacteria to clean up polluted soils has just changed its name to Talam Biotech. Behind the scenes, the company has undergone a lot more than rebranding.
The conflation of the pre- and post-Lehman experience of the Western banking system and that of China today is flawed. The Chinese financial system and its relationship to the broader economy is fundamentally different by design.
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