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Asian stocks looked set to for a muted start to trading Tuesday after their U.S. counterparts closed higher on speculation the Federal Reserve will reinforce its dovish message. Gold steadied around an all-time high, while the dollar remained under pressure.To get more news about OlympusFx, you can visit wikifx news official website.
  Investors are betting setbacks in the global fight against coronavirus will push Fed Chairman Jerome Powell to signal Wednesday that rates will stay near zero for longer. Infections slowed in California, Arizona and Florida, though reported numbers are often incomplete on weekends. Health officials around the world are also trying to tackle a renewed increase in cases, with surges from China to Spain and Germany underscoring the difficulty of curbing the pandemic.
  “We expect no change from the Federal Reserve,” Jeffrey Halley, senior market analyst, Asia Pacific, at Oanda in Singapore, said. “That will reiterate their ultra-dovish stance.”


  China reported the most domestic coronavirus infections in more than four months as it battles outbreaks in its western and northeastern regions, raising fears of a serious resurgence.
Aug 4 '20 · 0 comments
The number of people looking for employment through Nigeria‘s biggest recruiting website has jumped five-fold since the start of the Covid-19 pandemic, highlighting the struggle faced by many in Africa’s largest economy.To get more news about OlympusFx, you can visit wikifx news official website.
  “Typically we have about 10,000 active jobseekers a week,” Hilda Kragha, Jobberman‘s chief executive officer, said in interview in Lagos, the country’s financial capital. “During this pandemic, we have been having over 55,000, which means more people are looking for jobs.”
  Like many countries Nigeria has been hit hard economically after implementing lockdowns to contain the spread of coronavirus. Africas top oil producer was also reeling from a collapse in crude prices earlier in the year and is suffering from rampant dollar shortages. Combined they have exacerbated the strain on a wide range of businesses in a country that has long struggled to provide jobs for its young population.
  The data from Jobberman, which recruits mainly white-collar employees and doesnt track those looking for non-skilled, blue-collar work, chimes with official estimates that sees unemployment in the nation of more than 200 million soaring to 34% by the end of the year from 23% in 2019.
  Read more: Locked Down and Left in the Lurch, African Businesses Face Ruin
  While there was a 40% drop in recruitment in March when the first two weeks after movement restrictions were imposed, applications per vacancy on the online platform has jumped by 183% this year.


  With Nigeria‘s economy set to contract 5.4% this year, according to International Monetary Fund estimates, IT and telecommunication firms are topping Jobberman’s hiring charts as Nigerian companies, like others worldwide, adapt to an at-home workforce. Likewise the hospitality, tourism, travel, aviation, entertainment and oil and gas industries have fallen to the bottom.
Firms are also cutting down on the number of staff they need or are putting off offers to new employees as they reassess their plans.
  “We have a client who was trying to hire 2,000 people before the pandemic, as the pandemic started they reduced to 500 and now theyve only confirmed about 200 people,” Kragha said. At least 10% of those already offered jobs through the platform have been put on hold by their potential employers.
  Jobberman, which is a local unit of Ringier One Africa Media Group, has over 2 million registered job seekers on its platform and placed 16,000 jobseekers in roles in the past three months, according to Kragha.
Aug 4 '20 · 0 comments
Business schools in mainland China and South Korea are climbing the international ranks, as institutions rush to meet demand for degrees that will help graduates navigate uncertainty and harness Asia's prosperity.To get more news about Shanghai mba, you can visit acem.sjtu.edu.cn official website.

One mainland Chinese school broke into the global top five in the latest Financial Times MBA ranking, while another cracked the Asian top 10. So although one fewer Chinese school made the global top 100 compared with last year, the country's premier institutions are becoming more competitive.

All told, 15 Asian business schools made the worldwide top 100, one fewer than in 2018. They are led by the Franco-Singaporean school Insead, which retained its top position in Asia but declined one spot globally, to third from second. Six are located in China, including Hong Kong, along with four each from India and Singapore and one from South Korea.

Seven of the world's top 10 schools are still in the U.S., with the Stanford Graduate School of Business holding onto No. 1. Harvard Business School jumped from fifth to second.

The FT's ranking, released on Jan. 28, evaluates business schools based on factors like job prospects, the salaries graduates earn and diversity.

China Europe International Business School, or Ceibs -- established by the Chinese government and the European Union in Shanghai -- was named the world's No. 5 business school, continuing its surge from eighth in 2018 and eleventh in 2017.Ceibs prides itself on its international faculty -- 62% of the total -- and professors' deep understanding of China. On average, they have 11 years' experience working in the country.

The school also invites prominent executives and political leaders to give lectures and career coaching, such as former Sony Chairman and CEO Nobuyuki Idei. And it emphasizes in-the-field learning, with programs designed to help students grasp recent developments in Chinese business. Trips to Shenzhen and Nanjing, for instance, let students see how Chinese companies are globalizing their operations. Study abroad programs, to places such as Malaysia, afford opportunities to learn about corporate social responsibility.

Another Shanghai institution, Fudan University School of Management, jumped four rungs within Asia to eighth place, from 12th in the region last year.

Fudan established an international MBA program with the MIT Sloan School of Management in 1996. It offers over 300 courses, showing students the ropes of finance, innovation, investment management, e-commerce and big data.

In addition, "our school has strengthened the practical business consulting program in recent years," said Sun Long, executive director of Fudan's IMBA program. As part of this, students are offered the chance to gain real-world working experience. The university has partnerships with more than 160 companies, from Chinese conglomerate Fosun Group and telecom equipment maker Huawei Technologies to Intel, McDonald's and Michelin.Fudan graduates see a 195% average salary increase three years after graduation -- the biggest of any school even in the global ranking.

The university's career progress rank -- which reflects changes in seniority level and size of employer before and after graduation -- stood at third globally, up from 10th in 2018.One thing that makes Fudan unique is its high percentage of full-time female students, which climbed to 65%, from 57% last year. Sun said the school makes a point of being women-friendly, with support for pregnancies and new mothers. When women cannot attend the regular three-day guidance program for first-year students, the school arranges alternative sessions. And in 2017, it started offering a special guidance program for women and their families, to help everyone understand the pressure the courses will entail.

Only one South Korean school -- Sungkyunkwan University Graduate School of Business -- made the global top 100, coming in 42nd place. But it made a splash at least in Asia, rising five spots to rejoin the regional top 10 for the first time in five years.

SKK GSB receives steady support from Samsung Group and accepts students from over fifty countries, according to a spokesperson. Over 60% of the faculty members are internationally based, and many consult for multinational corporations on the side. Most specialize in management, marketing or finance.

The South Korean school ranked first in the careers service ranking, which shows the effectiveness of an institution's career support system -- counseling, personal development, networking events, access to internships and recruitment -- as rated by alumni.
Aug 4 '20 · 0 comments
The Financial Times Global MBA Ranking 2020 saw Harvard Business School named the best in the world for the sixth time in the FT ranking’s 21-year history. But it’s the rise of business schools in China which has been the most noticeable change over the past decade.To get more news about best university in china for mba, you can visit acem.sjtu.edu.cn official website.

Nine Chinese schools were ranked in the FT’s top 100 in 2020 (seven in the top 50), compared with just three in 2010.

US schools still dominate the ranking, with 51 of the top 100 from the United States, the birthplace of the MBA degree. But, together with the UK, China is now home to the most FT-ranked schools after the US.

Chinese schools climb the rankings

The rise of Chinese business schools in the FT MBA ranking runs alongside China’s rise as a world economic superpower.

A wave of successful businessmen, who got rich quick during China’s boom, demanded more formal management education—and that desire soon spread. The last decades have seen a proliferation of Chinese business schools launching MBA programs and gaining some global acclaim.

The strong performance of Chinese schools in the FT MBA ranking can be explained, in part, by the ranking’s methodology.

The FT places a strong emphasis on jobs data: placement rates and average salaries three years after graduation. It also takes into account measures like career progression, value for money, and the diversity of the MBA class.

Chinese schools tend to perform well for value for money and the salary increases their students—who start from a lower base than their Western counterparts—achieve after graduation.Take, for example, the MBA at Shanghai Jiao Tong University’s Antai College of Economics and Management, one of the oldest and most prestigious schools in China. Antai is ranked the 37th best business school in the world and third in mainland China by the FT. But it’s when you break down the FT data that you discover the true value of the MBA.

Antai boasts a 100% employment rate, meaning every MBA student surveyed by the FT got a job after graduation. That’s more than any other Western or mainland Chinese school. The school says most students go on to work in the financial services, manufacturing, and technology industries.

MBA graduates from Antai can expect a huge 201% average increase on their salaries from when they entered the program—the third highest globally—with graduates enjoying a potential average salary of over $130,000 three years after graduation.

Accordingly, Antai is ranked 13th in the world and second in China for value for money by the FT, which takes into account the program’s tuition fees. While business schools in the US charge upwards of $100,000 for their MBA programs, schools in China tend to be more affordable. Antai charges $44,000 for its two-year MBA program.

Only perhaps the need to be accredited by AACSB or EQUIS—a lengthy process and a pre-requisite for entry into the FT ranking—has stopped more Chinese schools climbing the FT rankings in recent years.
Aug 4 '20 · 0 comments
China Europe International Business School


China Europe International Business School is a business school located in Shanghai, China.To get more news about business school Shanghai, you can visit acem.sjtu.edu.cn official website.

Established under an agreement between the Chinese government and the European Commission in Shanghai in November 1994, CEIBS was the first business school in mainland China to offer a full-time MBA, an Executive MBA and a wide range of Executive Education programmes. CEIBS follows the European model of business schools. It's MBA programme has consistently ranked amongst the best in the world.
The school's predecessor, the China-EC Management Institute (CEMI), was launched in Beijing in 1984. After CEIBS was formally established in 1994 in collaboration with its partners European Foundation for Management Development (EFMD) and Shanghai Jiao Tong University, it later moved to Minhang in Shanghai. In 1994, CEIBS opened its main campus in Shanghai's Pudong district.

In May 2009 CEIBS started an EMBA programme in Ghana, being the first Asian business school to start such a programme in Africa. CEIBS was also the first Asian business school, and one of the very few around the globe, to become carbon neutral in 2011. In 2009, CEIBS became the first Chinese business school to make the world's Top 10 MBA ranking compiled by the FT.

In November 2015, CEIBS announced that it had acquired the Lorange Institute of Business of Zurich for 16.5 million Swiss francs, with plans to train over 200 Chinese managers per month.
Established in 1994, the main campus of CEIBS in Shanghai's Pudong district was designed by Henry N. Cobb and Ian Bader of Pei Cobb Freed & Partners and made CEIBS the first business school in mainland China with its own campus.In 2011, CEIBS began the 18-month construction of Phase 3 of the Shanghai campus which doubled its size to 7.5 million square meters.[citation needed]

CEIBS opened its Beijing campus on April 24, 2010, within Beijing's Zhonguangcun Software Park alongside the research centres of IBM, Oracle, Neusoft and more than 200 other leading technology companies. It effectively doubled the school's total number of classroom seats. Designed by the Spanish architectural firm IDOM, the Beijing campus hosts CEIBS EMBA programme and executive education courses. Each year, the CEIBS Beijing campus graduates almost 300 EMBA students and nearly 3,000 executive education participants. The campus is also a central meeting point for CEIBS alumni as Beijing is home to CEIBS’ second-largest alumni chapter (after Shanghai).
Aug 4 '20 · 0 comments
Herbal medicine is the use of medicinal plants for prevention and treatment of diseases: it ranges from traditional and popular medicines of every country to the use of standardized and tritated herbal extracts. Generally cultural rootedness enduring and widespread use in a Traditional Medical System may indicate safety, but not efficacy of treatments, especially in herbal medicine where tradition is almost completely based on remedies containing active principles at very low and ultra low concentrations, or relying on magical-energetic principles.To get more news about herbal medicine, you can visit shine news official website.

In the age of globalization and of the so-called ‘plate world’, assessing the ‘transferability’ of treatments between different cultures is not a relevant goal for clinical research, while are the assessment of efficacy and safety that should be based on the regular patterns of mainstream clinical medicine.

The other black box of herbal-based treatments is the lack of definite and complete information about the composition of extracts. Herbal derived remedies need a powerful and deep assessment of their pharmacological qualities and safety that actually can be realized by new biologic technologies like pharmacogenomic, metabolomic and microarray methology. Because of the large and growing use of natural derived substances in all over the world, it is not wise to rely also on the tradition or supposed millenarian beliefs; explanatory and pragmatic studies are useful and should be considered complementary in the acquisition of reliable data both for health caregiver and patients.

Keywords: evidence based medicince, explanatory trials, herbal medicine, mainstream medicine, phytotherapy, pragmatic trials, traditional medical system, traditional medicine
Herbs are natural products and their chemical composition varies depending on several factors and therefore varying from people to people, from energetic decoctions to the use of herbal extracts following Western methodologies of mainstream medicine. Traditional medicines has a very long history: it is the sum total of the practices based on the theories, beliefs and experiences of different cultures and times, often inexplicable, used in the maintenance of health, as like in the prevention, diagnosis, improvement and treatment of illnesses.

In every country traditional medicines find foundation in magical or religious beliefs, or popular experience and the World Health Organization is engaged to establish definitive guidelines for methodology of clinical research and the appraisal of effectiveness of traditional medicine
For centuries traditional medical systems (TMS) were the primary medical system in the countries of origin, and now nevertheless the present dominance of the Western scientific medical model, citizens and health-caregivers are starting to rely and trust TMS substituting conventional scientifically proved therapies with unconventional ones. Generally cultural rootedness enduring and widespread use of TMS may indicate safety, but not the efficacy of the treatments especially in herbal medicines where tradition is almost completely based on remedies containing active principles at very low and ultra low concentrations, or relying on magical-energetic properties of sun, moon, etc.

In European traditional herbalism categories similar to Asiatic medicines, referring to ‘humoral-energetic doctrines’ that has qualities (like heat, cold, dry, humid), and elements (fire, air, water, earth, etc.) are used. European popular medicine still counsel the so-called depurative plants for treatment of dermatological illnesses, like psoriasis or eczemas, like it were due to intoxications, as well as diuretic plants for arthritis, or a decoction of Stachys (called ‘herb of fear’) used as bath to wash out fears, or hay baths as treatment of cancer.
Aug 4 '20 · 0 comments
Anyone in Shanghai who wants to be tested for the coronavirus can now get one easily, in China’s latest step to allay fears so that economic activity can resume.To get more news about shanghai coronavirus update, you can visit shine news official website.

Companies and individuals in Shanghai can book the nucleic acid tests at their own expense in designated hospitals and clinics, according to the city government’s statement on Weibo. The tests will be conducted on a voluntary basis, aimed at helping companies and schools resume operations.
Similar efforts are likely to be rolled out nationwide after Chinese Premier Li Keqiang called at a Wednesday meeting for large-scale nucleic acid and antibody testing to better prevent and control the epidemic. Chinese leaders are seeking to revive the virus-hit economy while cautiously preventing the resurgence of infection.While China has faced criticism that it has concealed the extent of the coronavirus outbreak, its efforts in mass testing are in striking contrast to the U.S., currently at the epicenter of the pandemic. Cases in the U.S. have exploded to more than 840,000 as attempts to track the outbreak have been hampered by shortages of tests.
In China, a serological survey has been initiated to capture the true scale of the virus outbreak and to reflect how the virus transmitted among people. The survey involves researchers taking blood samples from a representative group of people to see if they have generated antibodies to fight the virus, a sign they’ve been infected. Investigators are blood testing 11,000 people who lived in the epicenter city of Wuhan during the height of the epidemic.

In addition to accelerating testing, officials at the Wednesday meeting urged the production of more convenient and efficient testing equipment. Such equipment would be widely distributed to hospitals, ports, and other key destinations.

In Wuhan, the city where the virus first emerged, individuals need to take the nucleic acid tests before they leave after months of lockdown. Many companies in Wuhan have required employees to test if they have the coronavirus or its antibodies before they returned to work.
Aug 4 '20 · 0 comments
listed online travel giant Ctrip is talking to banks about a planned secondary listing in Hong Kong, putting the group at the head of a queue of Chinese companies expected to follow Alibaba in establishing an investor base closer to China.To get more Ctrip news, you can visit shine news official website.

Ctrip, also known as Trip.com Group Ltd, has approached China International Capital Corp, JPMorgan and Morgan Stanley for its planned share sale in Hong Kong, said four people with knowledge of the matter.

Ctrip, which had declined to comment earlier, late on Friday said: "The specific details of the listing reported are not true. The company does not have plans yet for a secondary listing."

No banks have been mandated, and more banks may be involved, the sources said.China's largest online travel firm looks to sell at least 10per cent of its shares as early as the first half of the year, said two of the people who declined to be named as the information was private.

Based on Ctrip's latest market value of US$20.6 billion on Nasdaq, that would help it to raise at least US$2 billion. But the sources said the deal was still in the early stages and the details were subject to change.

The move comes weeks after the successful US$12.9 billion secondary listing of Chinese e-commerce giant Alibaba Group in Hong Kong in November, which was the city's largest deal since 2010 and the world's biggest ever cross-border secondary listing.Charles Li, chief executive of bourse operator Hong Kong Exchanges & Clearing, said this week at a Reuters BreakingViews event that he was confident more U.S.-listed companies would follow Alibaba.

"I think just by their nature they will come, because their customers know them and they will potentially get a better valuation re-rate if your customer know your business and wants to become your shareholder," he said, noting too that adding Chinese shareholders could help to balance U.S. investor views.

"A different shareholder base means that you are hedged because the Chinese are going to look at the world very differently from the western investors and as a company you want people to have different views," he added.

Co-founded in 1999 by Chinese businessman Liang Jianzhang, Ctrip first went public on Nasdaq in 2003, as part of an early wave of Chinese tech companies lured by high valuations overseas, at a time when domestic markets were a fraction of their current size.

Both the HKEX and its mainland Chinese counterparts have been trying to coax such companies to their home markets to give Chinese investors access to these fast-growing businesses that have traditionally opted to list in New York.

Apart from Ctrip, U.S.-listed Chinese tech companies, including NetEase Inc and Baidu Inc, have also had preliminary discussions with the HKEX about the possibility of a secondary listing in the city, said a separate person with direct knowledge of the matter.Baidu and the HKEX declined to comment. NetEase did not immediately respond to a request for comment.
Aug 4 '20 · 0 comments
Does Tencent’s E-Commerce Move Spell Trouble for JD.com?




Tencent (OTC:TCEH.Y) recently launched Minishop, a new tool that lets merchants directly launch online stores on WeChat. WeChat is the most popular messaging app in China with over 1.2 billion monthly active users, so the move could set the foundations for a new e-commerce marketplace.To get more JD.com news, you can visit shine news official website.

Tencent previously allowed retailers to set up shop on WeChat's Mini Programs platform, which also hosts games, ride-hailing services, delivery services, and other tools. But companies usually need to hire developers to create the Mini Programs, since they were essentially stand-alone apps.

The Minishop tool simplifies the process and helps vendors quickly set up WeChat shops without help from external developers. This could make it easier for merchants of all sizes to sell products on WeChat -- and it could spell trouble for China's e-commerce leaders Alibaba (NYSE:BABA), JD.com (NASDAQ:JD), and Pinduoduo (NASDAQ:PDD).Yet Tencent's announcement is especially troubling for JD, its longtime e-commerce partner. Tencent owns nearly a fifth of JD, it hosts JD's Mini Programs on WeChat, and the two companies offer cross-platform marketing solutions for other companies. Tencent and JD also co-invested in the flash sale underdog Vipshop in late 2017. Does Tencent's Minishop indicate it's evolving into a competitor to JD? Or is there still room for both these platforms to grow?

Is Tencent getting ready to cut ties with JD?
On the surface, Tencent and JD seem like steadfast allies, united in their fight against Alibaba (NYSE:BABA). But there are cracks appearing under the surface.

Tencent initially owned a 20% stake in JD after the latter's IPO in 2014, but it had reduced that stake to 17.1% by early 2020. That reduction might seem minor, but Tencent’s stake in Pinduoduo also declined over the past year due to the e-commerce company’s secondary offering. At the same time, Tencent ramped up its investments in Missfresh, an online grocery delivery start-up that directly competes against JD and Walmart's JD Daojia joint venture.

Tencent's introduction of WeChat's Mini Programs platform in 2017 indicated it wanted to lock users into a walled garden with "in-app apps." Doing so would allow Tencent to own an "app store" without owning a major mobile OS, and tether its users more tightly to its sprawling ecosystem.

JD launched its own Mini Programs, but Tencent also allowed other retailers to set up shop in WeChat. That decision arguably diluted the partnership between the two companies and suggested Tencent was building a decentralized e-commerce marketplace to challenge Alibaba, JD, and Pinduoduo. The introduction of its Minishop tools, which could open the floodgates for smaller vendors, supports those aspirations.Tencent's Mini Programs surpassed 400 million daily active users last quarter, representing roughly a third of WeChat's monthly audience. Tencent's WeChat Pay, which is integrated into the app, is also one of the two most widely used digital payment platforms in China. Those two growth engines, along with WeChat's growing number of e-commerce Mini Programs and Minishops, could support WeChat's evolution into an e-commerce platform.

During last quarter's conference call, Tencent President Martin Lau admitted many of Tencent's "investee companies" (including JD and Vipshop) are "also engaged in e-commerce platforms," but "building a stronger e-commerce ecosystem within WeChat is actually going to be synergistic to them" as more people grow accustomed to "buying products and services on WeChat."

In other words, Tencent wants WeChat to become a top destination for online shopping -- which could pull shoppers away from other stand-alone marketplaces like JD -- and its desire to host more merchants could force JD and other retailers to rely more heavily on promotions to stay competitive on WeChat.
Aug 4 '20 · 0 comments
Leading a company through a crisis is no mean feat — and for some, it can be their undoing. But for those that get it right, it can be an opportunity to set the business apart from the pack. To get more Alibaba news, you can visit shine news official website.

That was the case for Chinese technology giant Alibaba Group, executive vice chairman and director of Alibaba’s entrepreneur fund Joe Tsai said in a recent interview.

Now an e-commerce giant worth some $678 billion, Alibaba was about to launch Taobao, its online marketplace for consumers, in 2003 when crisis struck. China was hit hard by a then-novel coronavirus outbreak known at SARS (Severe Acute Respiratory Syndrome), which forced businesses to shutter and people to shelter in their homes.That might have been it for the nascent company. But instead, Tsai and his 17 co-founders, including Jack Ma, decided to pivot. They implemented what was then a novel — and clunky — work-from-home system to ensure the launch went ahead on time.

“We wanted to make sure that when customers emailed or called us, we could serve them,” said Tsai. “Obviously, the first thing you want to do is make sure your employees are safe and working in conditions where things continue to function. As long as that’s in place, they can continue to serve their customers.”

Just weeks later, Taobao was launched as planned on May 10, 2003. The self-imposed quarantine became a watershed moment for China’s economy, as domestic consumers turned to the internet to order goods online.

Tsai said that steadfast commitment to the mission was instrumental to the company’s success — and remains so today: “Fast forward to today and our focus on the customer is still an absolute priority.” That offers an important lesson for start-ups struggling with today’s Covid-19 pandemic, the entrepreneur continued during his wide-ranging discussion with Tony Wong, co-founder and CEO of e-commerce platform, Shopline.

Specifically, business owners should focus on the core goal of their business. If that still remains, even amid the downturn, then it’s worth carrying on.“As an entrepreneur, I don’t think you should chase ideas. I think you have to go back to why you founded the business in the first place,” said Tsai. “Look at what the mission was and the problem you were trying to solve. And if the same problems still exist and the same customers are still there, then it makes sense to continue your business.”

“But if you’re just chasing ideas, then you don’t have the passion. You’re chasing it because it’s a money-making opportunity and not because you really love pursuing your mission. Let your mission guide your direction.Just like for Alibaba, that may mean innovating and coming up with new ways to reach that goal amid current limitations.

“You can definitely look inward to change your bad hand,” said Tsai. “Let’s say you’re in the restaurant business and the restaurant has shut down — there’s nothing you can do about it. (But) I think a lot of companies now are thinking of alternatives.”

“Just because the restaurant’s shut down, customers don’t stop eating and the alternative is adapting to takeout. The adaptability of the business is very important. Teamwork and internal communication are key to adapting to a new normal,” he said.
Aug 4 '20 · 0 comments
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