Comac C919 Chinese-made commercial jet built to rival Boeing and Airbus
Synopsis by Business Insider Feb 13 22
China hopes the C919 plane will help the country become less reliant on foreign-made ...Read full articleBusiness Insider: Comac C919 Chinese-made commercial jet built to rival Boeing and Airbus
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| Last Updated | Feb 13 22 |
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Quick Glance: Investigation Launched After Beijing Half Marathon Finish
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- A Chinese runner overtook the others, as seen in a recorded livestream of the Beijing Half Marathon. The remaining three runners - Willy Mnangat and Robert Keter from Kenya, and Dejene Hailu from Ethiopia - followed closely behind, with He claiming the first place.
- The organizers of the half-marathon are currently examining the results after a video of the finish circulated online, prompting many to question the intention of the three African runners to slow down.
- The winner secured the first place with a time of 1 hour 3 minutes 44 seconds. Mnangat, Keter, and Hailu shared the second place, one second later.
Tesla to lay off more than 10% of staff globally as sales fall: Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen by ...
channelnewsasia.com/business/tesla-layoffs-shares-fall-sales-slowdown-china-price-war-byd-xiaomi-4266676
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bbc.co.uk/news/live/world-asia-68720022
Quick Glance: Taiwan: Successful Earthquake Preparedness
- Taiwan, situated in a seismically active area, faces frequent earthquakes, particularly along the scenic rural east coast.
- Following past earthquakes, Taiwan revised building codes and strengthened disaster management laws to be better prepared for future events.
- Response to earthquakes has improved, with enhanced coordination between government units and non-governmental organizations in disaster areas.
- Taiwan has also bolstered the resilience of its communication networks to effectively respond to potential attacks or natural disasters.
Tesla’s global job cuts include reducing staff in leading markets U.S., China: sources
theglobeandmail.com/business/international-business/article-teslas-global-job-cuts-include-reducing-staff-in-leading-markets-us/
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Tesla is scrapping its long-promised cheap electric vehicle in favor of robotaxis, report says
qz.com/elon-musk-tesla-cancel-cheap-ev-turn-self-driving-1851390873
Quick Glance: Elon Musk's Behavior Impacting Tesla's Sales and Reputation
- A growing number of EV shoppers are increasingly put off by Elon Musk’s behavior and politics.
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- Musk scored low in trust surveys, with many EV shoppers now seeking alternatives to Tesla to avoid his behavior and politics.
Tesla cofounder: Canceled $25K Tesla helps China: Tesla cofounder Martin Eberhard said China would likely benefit if Tesla scrapped its $25,000 car.
businessinsider.com/tesla-cofounder-china-chance-spread-report-canceled-25k-model-2-2024-4
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Quick Glance: China Supports Russia in Weapons Manufacturing with Impact on Ukraine
- China is aiding Russia in significantly expanding its defense industrial base, leading to the most ambitious military manufacturing since the Soviet era. The support includes a variety of machine tools, drone and turbojet engines, as well as technologies for cruise missiles, microelectronics, and nitrocellulose used in weapons propellant. Chinese and Russian entities are also collaborating on drone production in Russia.
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- China is assisting Russia in enhancing its satellite and space capabilities for use in Ukraine. The US is actively engaging with banks worldwide to establish compliance systems to avoid inadvertent involvement in supporting the Russian defense industrial base, which would result in sanctions. Efforts to convince China to halt this support are ongoing to prevent further bolstering of Russia's military capabilities.
Kremlin says Putin and Xi plan to meet, but gives no time frame: MOSCOW, April 9 (Reuters) - The Kremlin said on Tuesday that Russian President Vladimir Putin ...
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Tesla scraps low-cost car plans amid fierce Chinese EV competition - News | Khaleej Times
khaleejtimes.com/business/auto/tesla-scraps-low-cost-car-plans-amid-fierce-chinese-ev-competition
Quick Glance: Elon Musk to Unveil Tesla 'Robotaxi' on August 8
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- Other companies like Waymo and Cruise are also working on autonomous ride-sharing services, despite safety concerns and incidents.
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businessinsider.com/jack-ma-addresses-alibaba-employees-2024-4
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businessinsider.com/teslas-layoffs-arent-just-in-us-report-china-germany-2024-4
Meta's WhatsApp and Threads removed from Apple app store in China : Apple on Friday (Apr 19) announced that it had removed WhatsApp and Threads from its App ...
wionews.com/technology/metas-whatsapp-and-threads-removed-from-apple-app-store-in-china-712897
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- The delisting closes a loophole that allowed Chinese users to access some major western social media platforms officially blocked in the country.
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asia.nikkei.com/Economy/IMF-sees-slow-steady-2024-global-growth-China-inflation-pose-risks
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Oil Updates – prices dip as demand worries outweigh Mideast supply fears: TOKYO/SINGAPORE: Oil prices extended losses on Wednesday as worries about global demand ...
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Germany’s Scholz in China: We Want Fair Auto Market but No Dumping
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Fitch downgrades China outlook to negative on economic growth risks: BEIJING, April 10 (Reuters) -- Fitch cut its outlook on China's sovereign credit rating ...
asia.nikkei.com/Economy/Fitch-downgrades-China-outlook-to-negative-on-economic-growth-risks
Paid articlePaidQuick Glance: Fitch lowers China's rating outlook due to economic uncertainty
- Fitch cut its outlook on China's sovereign credit rating to negative on Wednesday, citing risks to public finances arising from the increasing uncertainty in the economy's transition to new growth models.
- The outlook downgrade follows a similar move by Moody's in December and coincides with Beijing's efforts to boost a weak post-COVID recovery in the world's second-largest economy with fiscal and monetary support.
- It is projected that China's explicit central and local government debt will increase to 61.3% of gross domestic product (GDP) in 2024 from 56.1% in 2023 - a significant deterioration from 38.5% in 2019.
- Despite cautious signs of improvement in China's economy, the ratings warning is issued. The planned issuance of treasury bonds indicates Beijing's readiness to take on a greater share of the responsibility in meeting growth targets, while local governments struggle with slower fiscal revenues and subdued land sales.
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Tesla scraps low-cost car plans amid fierce Chinese EV competition: Tesla has cancelled the long-promised inexpensive car that investors have been counting on to ...
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China top EV forum to be held in California in May: BEIJING (Reuters) -- China's top electric-vehicle forum, the World New Energy Vehicle Congress (WNEVC) ...
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Paid articlePaid U.S., China to start new talks on balanced growth, Yellen says: GUANGZHOU, China (Reuters) -- U.S. Treasury Secretary Janet Yellen said on Saturday that she and ...
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Paid articlePaidQuick Glance: US and China Reach Accord on New Talks for 'Balanced' Economic Growth
- The United States and China have agreed to hold 'intensive exchanges on balanced growth', as stated by the US Treasury Department, following two days of discussions between Treasury Secretary Janet Yellen and her Chinese counterpart He Lifeng in Guangzhou.
- These planned talks signify the latest advancement in joint efforts to stabilize relations between the world's top two economies since a meeting between Presidents Joe Biden and Xi Jinping last November.
- Yellen emphasized that these exchanges will facilitate a discussion on macroeconomic imbalances, including the link to overcapacity, and her intention to advocate for a fair playing field for American workers and companies.
- The US Treasury Secretary cautioned against China's overcapacity risks and highlighted the importance of dialogue to avoid potential conflicts, noting progress in the talks and the structured continuation of discussions as crucial.
China's services sector shows accelerated growth in March, Caixin PMI reveals
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Powerful storms leave seven dead in China in 4 days, three people blown out of their apartment
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