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| Last Updated | Dec 04 22 |
| Total Articles | 1 |
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Apple's (AAPL) IPhone Sales in China Falls to Worst Level Since 2020: Apple Inc.’s iPhone sales in China fell 19% during the March quarter ...
bloomberg.com/news/articles/2024-04-23/apple-s-china-iphone-sales-dive-19-in-worst-quarter-since-2020
Fosun Tourism's Post-Covid Holiday Fizzles: Fosun Tourism said business volume at its Atlantis Sanya mega-resort and Club Med chain rose 4.5% and 15.2% ...
seekingalpha.com/article/4685289-fosun-tourisms-post-covid-holiday-fizzles
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Tesla offers zero down payments on Model 3, Model Y in China: Tesla Inc has offered zero down payments on its Model 3 and Model Y vehicles in China ...
reuters.com/business/autos-transportation/tesla-offers-zero-down-payments-model-3-model-y-china-2024-04-24/
The Eurozone economy is growing surprisingly strongly: The purchasing managers' index rose by 1.1 to 51.4 points, the highest value in eleven months ...
diepresse.com/18396920/wirtschaft-der-eurozone-waechst-ueberraschend-stark
Huawei sales are soaring in China as Apple sinks: Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the ...
cnn.com/2024/04/23/tech/huawei-apple-smartphone-sales-china-hnk-intl/
Foreigners add net $32.7 bln to EM portfolios in March -IIF: Foreigners added about $32.7 billion to their emerging market portfolios in March ...
reuters.com/markets/foreigners-add-net-327-bln-em-portfolios-march-iif-2024-04-23/
We Tested the BYD Seal—the Car That Explains Why Tesla Just Cut Its Prices: A world-class saloon for the people, from China’s biggest name in EVs ...
wired.com/review/review-byd-seal-2024/
Kering Warns Profit to Tumble Following Gucci Woes in China: Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed ...
bloomberg.com/news/articles/2024-04-23/kering-warns-profit-to-tumble-following-gucci-woes-in-china
Quick Glance: Kering Anticipates Up to 45% Profit Decline in First Half
- French luxury group Kering expects significantly lower profits in the first half of 2024 compared to the previous year after the sales of its top brand Gucci declined.
- Group sales declined by 10 percent to €4.5bn in the first quarter, leading to an anticipated 40 to 45 percent decrease in first half operating income compared to 2023.
- Kering issued a profit warning due to deteriorating sales and strategic repositioning of some of its houses, particularly Gucci.
- The company plans to continue investing in the long-term elevation of its brands, with a focus on Gucci, while working on navigating the aesthetic repositioning and brand segment elevation.
No Substitute for Victory: America’s Competition With China Must Be Won, Not Managed
foreignaffairs.com/united-states/no-substitute-victory-pottinger-gallagher
Paid articlePaid Exclusive: China turns the heat up on cross-border investments in local govt debt, sources say
reuters.com/world/china/china-turns-heat-up-cross-border-investments-local-govt-debt-sources-say-2024-04-23/
How China Can Keep the Global Electric Vehicle Market Aloft: BloombergNEF expects the country’s plug-in car sales to approach 10 million this year.
bloomberg.com/news/newsletters/2024-04-23/how-china-can-keep-the-global-electric-vehicle-market-aloft
Covid Inquiry: Call for examination of disabled people's experience: Peter Livingstone hopes the inquiry will look at how people with disabilities coped in the ...
bbc.com/news/uk-northern-ireland-68881517
Biden mocks Trump on anniversary of COVID bleach controversy: "Don't inject bleach. And don't vote for the guy who told you to inject bleach ...
axios.com/2024/04/23/trump-covid-biden-disinfectant-bleach
The Five Futures of Russia: And How America Can Prepare for Whatever Comes Next: And how America can prepare for whatever comes next.
foreignaffairs.com/russian-federation/five-futures-russia-stephen-kotkin
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Gold price outlook: 29% upside to $3K as China central bank keeps buying: China has purchased about 181 tonnes of gold over the past year, and is now the ...
markets.businessinsider.com/news/commodities/gold-price-outlook-china-central-bank-buying-spree-fed-easing-2024-4
The German chancellor’s awkward meeting with China’s boss: It is time for Xi Jinping to accept that Germany isn’t America’s puppet
economist.com/europe/2024/04/18/the-german-chancellors-awkward-meeting-with-chinas-boss
Sandvik buys majority stake in China-based Suzhou Ahno: Sweden's Sandvik said on Tuesday it has agreed to buy a majority stake in China-based Suzhou Ahno ...
reuters.com/markets/deals/sandvik-buys-majority-stake-china-based-suzhou-ahno-2024-04-23/
JPMorgan China names new heads of China securities unit: JPMorgan Chase & Co appoints Lu Fang to chair the board of its China securities arm ...
reuters.com/business/finance/jpmorgan-china-names-new-heads-china-investment-banking-arm-2024-04-23/
Morning Bid: Tanking Tesla reports, Europe business beats: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-23/
Quick Glance: Hope for Strong Quarterly Results Drives Wall St Stocks
- Wall Street stocks saw an increase on Monday as investors anticipated a busy week of quarterly results from key companies to gain insight into the health of the U.S. economy.
- All 11 S&P 500 sectors experienced growth, with technology and financial stocks leading the gains.
- In addition to the outstanding corporate earnings, markets are also looking forward to the upcoming release of the PCE data in March later this week to further understand the monetary policy trajectory.
- Megacap growth stocks showed gains, including Alphabet, Amazon.com, and Apple, along with Nvidia's increase to recover from a previous decline.
VW workforce cuts: Volkswagen pays up to 450,000 euros in severance pay: VW is fueling its workforce reductions with high severance payments ...
wiwo.de/unternehmen/auto/sparprogramm-bei-volkswagen-vw-zahlt-bis-zu-450-000-euro-abfindung/29757096.html
China can't quit coal by 2040, researchers say, despite global climate goals: China's coal consumption will fall by just one-third by 2040, according to a report ...
reuters.com/world/china/china-cant-quit-coal-by-2040-researchers-say-despite-global-climate-goals-2024-04-23/
China's EV strategy of going small and cheap to pay big dividends in Asia: Russell
reuters.com/world/china/chinas-ev-strategy-going-small-cheap-pay-big-dividends-asia-russell-2024-04-23/
China secures cutting-edge AI chips through the back door: The American government is trying to stop the export of special processors optimized for artificial ...
faz.net/aktuell/wirtschaft/kuenstliche-intelligenz/china-sichert-sich-hochmoderne-ki-chips-durch-die-hintertuer-19672828.html
Chinese professor at Tokyo university missing after trip home: BEIJING -- A professor at Tokyo's Asia University has gone missing after temporarily ...
asia.nikkei.com/Spotlight/Society/Chinese-professor-at-Tokyo-university-missing-after-trip-home
Paid articlePaid Why a stronger dollar is dangerous: It sets the stage for a nasty new Trump-China clash, among other things
economist.com/finance-and-economics/2024/04/23/why-a-stronger-dollar-is-dangerous
China to revise statistics law to fight data fraud: China will revise its statistics law in a bid to fight persistent data fraud, the state-run Xinhua news ...
reuters.com/world/china/china-revise-statistics-law-fight-data-fraud-2024-04-23/
India tells spice makers to verify quality after Hong Kong allegations: India's spice exports regulator has asked MDH and Everest to provide details of quality ...
reuters.com/world/india/indias-everest-says-its-food-products-are-safe-after-hong-kong-halts-sale-2024-04-23/
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
reut.rs/4d6PnFn
Telegram founder says China downloads have not fallen since Apple move: Pavel Durov, billionaire founder and CEO of Telegram, said Apple's move last week to ...
reuters.com/technology/telegram-founder-says-china-downloads-have-not-fallen-since-apple-move-2024-04-23/
World defense spending reaches highest levels on record: Report: Military spending across the world last year reached the highest levels ever recorded by a major ...
thehill.com/policy/defense/4611470-world-defense-spending-reaches-highest-levels-on-record-report/
Quick Glance: Global Military Spending Hits Historic High in 2023
- Global military spending hit a record high of $2.443 billion in 2023 after a 7% increase, as per a report.
- Military expenditure rose consistently over nine years in all regions due to worsening peace and security globally.
- Countries like Ukraine, Russia, Poland, Germany, and the UK saw significant spikes in their military spending.
- Israel notably increased its military spending significantly due to the conflict in the Middle East, particularly a major offensive in Gaza in 2023.
China Is Betting on a Trade-In Plan to Help Save Its Economy: China’s world-beating electric vehicle industry, at the heart of growing trade tensions with the US ...
bloomberg.com/news/articles/2024-04-22/china-is-betting-trade-ins-for-evs-fridges-can-help-save-its-economy
U.S.-China relations 'stable but fragile,' AmCham chief says: HONG KONG -- U.S.-China relations are "stable but fragile," the American Chamber of ...
asia.nikkei.com/Business/Business-trends/U.S.-China-relations-stable-but-fragile-AmCham-chief-says
Paid articlePaid US Firms Still Cautious About Investing in China, AmCham Says: US companies are wary about investing in China because of policy unpredictability ...
bloomberg.com/news/articles/2024-04-23/us-firms-still-cautious-about-investing-in-china-amcham-says
Paid articlePaid South Korea's economy likely saw steady economic growth in Q1: Reuters poll: South Korea's economy likely grew 0.6% last quarter, maintaining the same pace of ...
reuters.com/markets/asia/south-koreas-economy-likely-saw-steady-economic-growth-q1-2024-04-23/
Hong Kong, China and a footballing dilemma: Hong Kong, China and a footballing dilemma
bbc.com/sport/football/articles/c9ezpy0ryk0o
Nidec posts unexpected quarterly loss, hit by restructuring costs amid China EV war
reuters.com/business/autos-transportation/nidec-posts-quarterly-loss-hit-by-restructuring-costs-2024-04-23/
Chery, B-ON form electric vans JV for Europe, N.America: B-ON and China's Chery (CHERY.UL) announced an electric van joint venture on Tuesday that gives the ...
reuters.com/markets/deals/chery-b-on-form-electric-vans-jv-europe-namerica-2024-04-23/
35 managers report to him: Tesla boss Elon Musk activates “war mode”: Tesla is struggling with sales problems and is under price pressure from China ...
businessinsider.de/wirtschaft/35-manager-berichten-an-ihn-tesla-chef-elon-musk-aktiviert-kriegsmodus/
Tesla cuts prices in US, China and Germany as competition heats up: Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices ...
cnn.com/2024/04/22/cars/tesla-price-war-china-germany-us-intl-hnk/
Quick Glance: Tesla cuts prices in US, China and Germany as competition intensifies
- Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and growing competition in major markets.
- The prices of four models were slashed in China by 14,000 yuan ($1,932), while in Germany, the price of the Model 3 rear-wheel drive was lowered by 2,000 euros ($2,132). Earlier cuts were made in the US, with prices of three models reduced, while prices for the Model 3 and Cybertruck remained unchanged.
- The price cuts come during a tough time for Tesla, with a significant stock plunge and a drop in quarterly deliveries. Elon Musk postponed his planned India trip due to company obligations. In China, Tesla's price cuts escalate an existing price war in a highly competitive sector influenced by other manufacturers like BYD offering more affordable options.
- The price wars in China began in 2022 and continue with over 30 car makers announcing further price reductions, impacting the entire auto industry's profit margins. Competitors like BYD and XPeng are also offering subsidies and lowering prices to attract buyers in the EV market, posing challenges to Tesla's market dominance.
Chinese Embassy: No Espionage: China's representation in Berlin rejects the latest espionage allegations. Meanwhile, CDU security expert Kiesewetter is convinced ...
zdf.de/nachrichten/politik/deutschland/spionage-china-deutschland-kiesewetter-100.html
Pro-China party wins Maldives election in landslide, media say: Maldives voters handed President Mohamed Muizzu's party a landslide win at parlimentary ...
reuters.com/world/asia-pacific/pro-china-party-wins-maldives-election-landslide-media-say-2024-04-22/
Quick Glance: Pro-China Party Secures Overwhelming Victory in Maldives Election
- President Mohamed Muizzu's PNC party wins by a landslide in Sunday's election, gaining control of parliament with a supermajority.
- The PNC, with three additional seats from allies, secures 70 out of 93 seats, signaling a shift towards China from India.
- Official results confirmation is expected soon, with the new assembly set to take office in early May.
- The election serves as a pivotal moment for Muizzu's agenda of closer economic ties with China following his previous win in the presidential election.
The China-Russia trade friendship may not be quite what you think: Commercial ties between the two powers appear to be catching up from an abnormally low base
ft.com/content/4bc0973c-c1f3-4df7-821d-0c262e506bb8
Saudi Aramco in talks to buy 10% of China's Hengli Petrochemical: Saudi oil giant Aramco said on Monday it is in talks to acquire a 10% stake in China's Hengli ...
reuters.com/markets/deals/chinas-hengli-petrochemical-says-saudi-aramco-talks-buy-10-company-2024-04-22/
North Koreans may have helped create Western cartoons, report says: North Korean animators may have helped create popular television cartoons for big Western ...
reuters.com/world/asia-pacific/north-koreans-may-have-helped-create-western-cartoons-report-says-2024-04-22/
UBS Dials Back China Fund Plans on Grim Outlook: UBS Group AG is postponing plans to build its own mutual fund business in mainland China due to high costs and a ...
bloomberg.com/news/articles/2024-04-23/ubs-dials-back-china-fund-plans-on-grim-outlook
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Corona pandemic: The mysterious case of a man who was corona positive for 613 days
welt.de/gesundheit/article251133798/Corona-Pandemie-Der-raetselhafte-Fall-eines-Mannes-der-613-Tage-lang-coronapositiv-war.html
UK police charge two men with spying for China: British police on Monday charged two men with spying for China, including one reported to have worked as a ...
reuters.com/world/uk/uk-prosecutors-authorise-charges-against-two-men-over-spying-china-2024-04-22/
Quick Glance: Charges Filed Against UK Ex-Parliamentary Researcher for 'China Espionage'
- London's Metropolitan Police has accused two men, researcher Christopher Cash and Christopher Berry, of violating the Official Secrets Act.
- The charges coincided with the announcement of the arrest of three German nationals suspected of spying for China and accessing secret maritime technology by German investigators.
- The British duo is alleged to have transmitted 'articles, notes, documents or information' to a foreign state between 2021 and the previous year.
- In September, the Met Police disclosed the arrest of a man in his twenties on espionage suspicions. The Sunday Times revealed his parliamentary researcher identity.
Sanctions to cut off China dollar access as trade with Russia worries US: The US is drafting sanctions on Chinese lenders that facilitate trade with Russia ...
businessinsider.com/china-dedollarization-sanctions-russia-trade-dollar-access-banks-ukraine-war-2024-4
US sends land-attack missile system to Philippines for exercises in apparent message to China
cnn.com/2024/04/22/asia/us-land-attack-missile-philippines-china-intl-hnk-ml/
China's Q1 fiscal revenue falls as tax cut policies weigh: China's fiscal revenue in the first quarter fell 2.3% from a year earlier, as some special factors ...
reuters.com/world/china/chinas-q1-fiscal-revenue-falls-tax-cut-policies-weigh-2024-04-22/
Aramco boss says China's solar panel, EV output helps affordability: The comments come as the West has stepped up criticism of China's dumping of cheap green ...
businessinsider.com/saudi-aramco-nasser-china-overproduction-solar-panel-ev-output-affordable-2024-4
What’s in the Philippines’ Luzon Corridor?: The Philippines' largest island has become the focus of U.S. and Japanese attempts to counter China's growing power ...
thediplomat.com/2024/04/whats-in-the-philippines-luzon-corridor/
What to read about India’s economy: Can it emulate China’s past manufacturing success—and should it even try?
economist.com/the-economist-reads/2024/04/22/what-to-read-about-indias-economy
China's strong iron ore imports diverge from weak steel output: China's first quarter imports of iron ore and its domestic production of the steel raw material ...
reuters.com/world/china/chinas-strong-iron-ore-imports-diverge-weak-steel-output-russell-2024-04-22/
US is ‘stubbornly’ trying to contain China, Beijing says ahead of Blinken visit: Beijing accused Washington of “stubbornly” pushing to contain China and hit out ...
scmp.com/news/china/diplomacy/article/3260085/us-stubbornly-trying-contain-china-beijing-says-ahead-blinken-visit
Saudi Aramco chief executive defends China’s role in green transition amid closer ties
ft.com/content/c382eec3-5b03-48ec-8acf-5589fdaa6527
The bubble has burst: On the road to a lost Chinese economic decade : No longer will the world be able to count on China to be the world’s primary engine of ...
thehill.com/opinion/finance/4611662-the-bubble-has-burst-on-the-road-to-a-lost-chinese-economic-decade/
Why elections in India, the world’s largest democracy, are crucial to watch: As India heads to the polls this week, in what will be the biggest democratic ...
pbs.org/newshour/world/why-elections-in-india-the-worlds-largest-democracy-are-crucial-to-watch
Volkswagen to Face Investors Skeptical of China Turnaround Plan: Volkswagen AG faces an uphill battle to convince investors it can turn around its business in ...
bloomberg.com/news/articles/2024-04-22/volkswagen-to-face-investors-skeptical-of-china-turnaround-plan
Paid articlePaid Russia's Nornickel moves closer to biggest buyer with plan for copper plant in China
reuters.com/markets/commodities/russias-nornickel-move-copper-plant-china-ceo-tells-interfax-2024-04-22/
Commentary: Dispelling US-China myths before they become self-fulfilling prophecies
channelnewsasia.com/commentary/china-us-tension-choose-sides-security-threat-risk-4269211
Deadly floods swamp the ‘factory floor of the world’: The floods in Guangdong province were caused by intense convective storms that started last week and are ...
theage.com.au/environment/weather/deadly-floods-swamp-the-factory-floor-of-the-world-20240423-p5flzo.html
Pro-China Maldives president’s party sweeps parliamentary vote: Landslide victory brings into focus rivalry between New Delhi and Beijing in the region
ft.com/content/e3e2ab99-cc06-41ff-82f1-4ebc06079c01
Germany arrests three people suspected of giving technology to China: BERLIN (Reuters) -- Three German nationals have been arrested on suspicion of ...
asia.nikkei.com/Politics/International-relations/Germany-arrests-three-people-suspected-of-giving-technology-to-China
Paid articlePaid Australian coach defends Chinese swimming amid doping furore: Australian swimming coach Denis Cotterell has rejected allegations of orchestrated doping in ...
reuters.com/sports/australian-coach-defends-chinese-swimming-amid-doping-furore-2024-04-22/
Australia News Today: Canberra Versus Musk, Nickel Mining, Goldman People Moves: Good morning everyone, it’s Ben here on a brisk Canberra morning ...
bloomberg.com/news/newsletters/2024-04-22/australia-news-today-canberra-versus-musk-nickel-mining-goldman-people-moves
Souring China dreams force Western financial firms to cut costs: Just a few years ago, lucrative business prospects in China on the back of a booming economy led ...
reuters.com/world/china/souring-china-dreams-force-western-financial-firms-cut-costs-2024-04-22/
BYD, Polestar, Nio and Co: Are Chinese manufacturers flooding Europe with electric cars?
nzz.ch/wirtschaft/byd-polestar-nio-und-co-ueberfluten-chinesische-hersteller-europa-mit-billigen-elektroautos-ld.1824839
Takeaways from AP report on how the search for the coronavirus origins turned toxic
apnews.com/article/china-covid-virus-coronavirus-origins-pandemic-lab-858a4872eb593a7272f654a0f7716ce2
Three Germans arrested for spying for China: A few days after the arrest of two suspected Russian saboteurs, the Federal Prosecutor's Office this morning again ...
tagesschau.de/inland/festnahmen-spionage-china-100.html
Floods swamp southern China's Guangdong province, sparking fears about region's ability to protect itself
abc.net.au/news/2024-04-22/floods-swamp-southern-china/103755962
Oh, Buoy! Satellite Data Helps Pinpoint Ocean Waves: Improved satellite-enabled buoys could make a splash in ocean science
spectrum.ieee.org/ocean-buoy
China's state planner warns intensified EV price war on oversupply: China's state planner expects an intensified price war among automakers of electric cars and ...
reuters.com/world/china/prices-evs-plug-in-hybrids-fall-chinese-city-shenzhen-state-planner-says-2024-04-22/
Korea urged to stop holding CEOs liable for workplace accidents : The government will continue to pursue regulatory reforms and thoroughly review policy ...
koreatimes.co.kr/www/tech/2024/04/419_373298.html
House Votes to Ban TikTok, but the App Won't Disappear Anytime Soon: The bill will go to the Senate, and if it's passed in is current form ...
inc.com/associated-press/house-votes-to-ban-tiktok-but-app-wont-disappear-any-time-soon.html
Quick Glance: Senate Passes Bill to Force Sale of TikTok
- The Senate passed a bill that would compel TikTok's parent company to sell the platform or face a ban, sparking legal challenges and affecting content creators reliant on the app for income.
- The updated legislation extends ByteDance's deadline to sell TikTok to nine months, allowing a potential three-month extension if a sale is underway.
- The bill also prohibits the company from controlling TikTok's algorithm, which customizes user content and has been central to its appeal as a trendsetting platform.
- The bill's passage reflects bipartisan concerns in Washington over Chinese threats and TikTok ownership, used by 170 million Americans, amidst worries of Chinese authorities influencing or accessing US user data.
China opposes Japan prime minister's offering at Yasukuni shrine: China expressed strong opposition on Monday to a ritual offering made by Japanese Prime ...
reuters.com/world/asia-pacific/china-opposes-japan-prime-ministers-offering-yasukuni-shrine-2024-04-22/
China's weak yuan forces central bank to hold rates steady: BEIJING -- China's central bank has kept key lending rates unchanged again as its monetary ...
asia.nikkei.com/Economy/China-s-weak-yuan-forces-central-bank-to-hold-rates-steady
Paid articlePaid Tensions between Beijing, Washington biggest worry for US companies in China: A report by the American Chamber of Commerce in China says that simmering tensions ...
apnews.com/article/china-foreign-business-biden-7ca061b49b1c1d3d42cbf7e5dfb760c8
Rescuers race to reach those trapped by floods in China's Guangdong: Rescuers on boats in China's flood-ravaged Guangdong province raced to evacuate trapped ...
reut.rs/3JuQtNE
Tesla slashes prices in China as sales fall: Elon Musk's EV maker is grappling with declining sales and growing competition
qz.com/tesla-china-price-cuts-1851425039
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