Basketballs, electric scooters and rainbow-coloured umbrellas — nothing seems out of bounds in China’s booming “sharing economy”. Where once Chinese consumers would look to shell out on items such as luxury handbags or cars, now they can rent them for short periods taking advantage of the explosion of mobile payment technology. As ever with China, … Read more
Toshiba shares dropped Tuesday morning as a report said the huge conglomerate may warn that its future is in jeopardy owing to huge losses in its nuclear power business. Japan’s leading Nikkei business daily said Toshiba would issue the red flag as it reports nine-month earnings later in the day. Shares in the beleaguered company, … Read more
Toshiba shares dropped Tuesday morning as a report said the huge conglomerate may warn that its future is in jeopardy owing to huge losses in its nuclear power business. Japan’s leading Nikkei business daily said Toshiba would issue the red flag as it reports nine-month earnings later in the day. Shares in the beleaguered company, … Read more