Once high-flying Chinese tech giants are now looking to scale back costs

MORNING SQUAWK APAC Monday, 22 August 2022 Once high-flying Chinese tech giants are now looking to scale back costs Alibaba and Tencent have felt the effects of a Covid-induced economic slowdown in China which is hitting areas from consumer spending to advertising budgets. » Read more Asia-Pacific markets drop as investors weigh concerns over Fed hikes This is CNBC's live blog covering updates on Asia-Pacific markets. » Read more Australian bank to scrap loans for new diesel and gasoline cars as country looks to increase EV uptake An Australian bank plans to stop giving loans for new diesel and gasoline cars as the country tries to encourage the use of electric vehicles. » Read more How to reduce risk in your portfolio right now, according to the pros Goldman Sachs, Wells Fargo and others share a range of allocation strategies, beyond the traditional 60/40. » Read more Elon Musk says Tesla will hike the price of FSD driver assistance software by 25% in September Elon Musk said on Sunday that Tesla plans a price increase for FSD, its premium driver assistance option. » Read more Today's Guest Highlights on CNBC All times in SIN/HK 06:05 Vishnu Varathan  Mizuho Head / Economics & Strategy Global macro  09:45 Eric Wade Editor, Crypto / Head of Asia Pacific Robeco  12:40 Sahil Shah  Policy Fellow / European Leadership Network Iran Nuclear Deal  Send to a friend  |  Advertise  |  More newsletters  |  Digital Products  |  Unsubscribe © CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632