China is already on the verge of becoming a cashless society, but the vast majority of those electronic transactions happen on privately owned apps, outside of the immediate purview of the state. An official yuan would change that, giving Beijing an unprecedented amount of information about what people are spending […]
olympics
Japan’s Suntory CEO says economic losses from no-fan Tokyo Olympics will be ‘enormous’
Suntory CEO Takeshi Niinami told CNN Business on Monday that his company decided against being a sponsor of the upcoming Tokyo Games, saying it was “too expensive.” “We thought of being an Olympic partner … but the economics didn’t match up,” said the chief of the Japanese beverage giant, which […]