More articles on this subject
Profile picture of Nikkei Asia
Huawei retakes crown in China handset market as Apple sinks to fifth: TAIPEI/TOKYO -- Huawei has returned to the top of China's smartphone market after ...
asia.nikkei.com/Business/China-tech/Huawei-retakes-crown-in-China-handset-market-as-Apple-sinks-to-fifth2
Huawei retakes crown in China handset market as Apple sinks to fifth
Quick Glance: Huawei regains dominance in China's smartphone market as Apple drops to fifth position
  • Following an ambitious comeback, Huawei has regained the top spot in China's smartphone market, while Apple has dropped to fifth in shipments in Asia's largest economy.

  • The latest figures for the first quarter of 2024, released by analytics company Canalys, reveal that Huawei shipped 11.7 million smartphones in China, marking a 70% increase from the previous year when the company was working to revitalize its handset business amidst U.S. sanctions.
Profile picture of Reuters
China's first-quarter industrial profits rise at slower pace: China's industrial profits posted smaller gains for the first quarter compared to the first two ...
reuters.com/world/china/chinas-first-quarter-industrial-profits-rise-slower-pace-2024-04-27/
China's first-quarter industrial profits rise at slower pace
Profile picture of Quartz
More than 1 in 5 cars sold on Earth this year will be electric: 17 million electric vehicles will be sold in 2024, according to the International Energy Agency
qz.com/ev-electric-car-global-sales-growth-iea-report-1851434801
More than 1 in 5 cars sold on Earth this year will be electric
Quick Glance: New Global Record: Electric and Hybrid Car Sales Surge in 2024
  • Electric and plug-in hybrid car sales will reach a new global record in 2024 despite slowing growth in some markets, according to forecasts from the International Energy Agency (IEA).

  • The IEA predicted that 17 million battery electric vehicles and plug-in hybrid electric vehicles will be sold in 2024, up over 20% from 2023.

  • The IEA also mentioned that most electric cars are expected to be priced equivalently to petrol cars by 2030 as prices decrease. Tesla recently reduced prices to maintain its market share against strong competition from Chinese rivals like BYD, the world's largest battery electric car producer.
Profile picture of France 24
NATO chief Stoltenberg says it's 'not too late for Ukraine to prevail' against Russia
france24.com/en/europe/20240425-nato-chief-stoltenberg-says-it-s-not-too-late-for-ukraine-to-prevail-against-russia
NATO chief Stoltenberg says it's 'not too late for Ukraine to prevail' ...
Quick Glance: Nato Chief Stoltenberg in Eurofighter Looping over MV
  • Nato Secretary-General Jens Stoltenberg takes a flight in a Eurofighter in Laage, accompanied by the Commodore of the Tactical Air Force Wing 73.

  • The Eurofighters serve as air defense and traffic police, quickly responding to alerts and operating over the Baltic Sea.

  • Stoltenberg participates in a one-hour flight involving aerial refueling, interception maneuvers, and a rendezvous with Swedish Gripen fighter jets.

  • Stoltenberg is impressed by the experience, praises the pilots, and emphasizes the importance of the Laage air base for NATO.
Profile picture of Die Presse
Eurozone economy grows surprisingly strongly: The Purchasing Managers' Index rose by 1.1 points to 51.4, the highest level in eleven months ...
diepresse.com/18396920/wirtschaft-der-eurozone-waechst-ueberraschend-stark
Eurozone economy grows surprisingly strongly
Profile picture of Foreign Affairs
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
The Five Futures of Russia: And How America Can Prepare for Whatever Comes ...
Profile picture of Bloomberg
Chinese Stocks Draw Record $3 Billion Influx by Global Funds: Sentiment has clearly turned for the better toward Chinese equities with overseas investors ...
bloomberg.com/news/articles/2024-04-26/chinese-stocks-draw-record-3-billion-influx-by-global-funds
Chinese Stocks Draw Record $3 Billion Influx by Global Funds
Profile picture of CNN.com
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/
Huawei sales are soaring in China as Apple sinks
Profile picture of Nikkei Asia
China tea chain ChaPanda sinks in Hong Kong IPO as market sours: HONG KONG -- Sichuan Baicha Baidao, a Chinese low-priced tea chain also known as ChaPanda ...
asia.nikkei.com/Business/Markets/IPO/China-tea-chain-ChaPanda-sinks-in-Hong-Kong-IPO-as-market-sours
China tea chain ChaPanda sinks in Hong Kong IPO as market sours
Quick Glance: ChaPanda's Disappointing Hong Kong Debut Sees 40% Price Drop
  • Chinese tea chain Sichuan Baicha Baidao, also known as ChaPanda, had a disappointing debut on the Hong Kong market with a significant price drop in morning trading.

  • The shares opened at 15.74 Hong Kong dollars, 10% below its IPO price of HK$17.50, and plummeted close to 40% at one point, closing the morning session at HK$11.34, down by 35%.
Profile picture of AsiaOne
Spot the difference: Hong Kong chef's tattered tee resembles $1,500 Balenciaga top, says netizen
asiaone.com/lifestyle/spot-difference-hong-kong-chefs-tattered-tee-resembles-1500-balenciaga-top-says-netizen
Spot the difference: Hong Kong chef's tattered tee resembles $1 ...
Profile picture of Asia Times
Why China risks US sanctions arming Russia: Survival: US secretary of state Antony Blinken fired a warning salvo toward China during a G7 foreign ministers’ ...
asiatimes.com/2024/04/why-china-risks-us-sanctions-arming-russia-survival/
Why China risks US sanctions arming Russia: Survival
Profile picture of Foreign Affairs
The Delusion of Peak China: America Can't Wish Away Its Toughest Challenger: America can't wish away its toughest challenger.
foreignaffairs.com/china/delusion-peak-china-united-states-evan-medeiros
The Delusion of Peak China: America Can't Wish Away Its Toughest ...
Profile picture of Foreign Affairs
No Substitute for Victory: America’s Competition With China Must Be Won, Not Managed
foreignaffairs.com/united-states/no-substitute-victory-pottinger-gallagher
No Substitute for Victory: America’s Competition With China Must Be Won ...
Profile picture of Reuters
China passes tariff law as tensions with trading partners simmer: China on Friday passed a law leaving its biggest trade partners in no doubt that it can hit ...
reuters.com/world/china/china-passes-tariff-law-tensions-with-trading-partners-simmer-2024-04-26/
China passes tariff law as tensions with trading partners simmer
Profile picture of Bloomberg
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
Kering Warns Profit to Tumble Following Gucci Woes in China
Quick Glance: Kering Faces Profit Decline Amid Gucci Sales Drop
  • Kering expects a significant decline in profits in the first half of 2024, leading to an 8.5% drop in shares.

  • Gucci's sales, the major brand share of Kering, declined by 18% on a comparable basis, mainly due to weak sales in the Chinese market.

  • The company plans to continue investing in the long-term elevation of its brands, particularly Gucci, although this is challenging amidst aesthetic changes.

  • Kering anticipates improved sales performance in the second half of the year, but does not expect significant improvement at Gucci in the second quarter.
Profile picture of CNN.com
Banning TikTok would hit China’s tech ambitions and deepen the global digital divide
cnn.com/2024/04/24/tech/tiktok-ban-bytedance-split-the-world-further-intl-hnk/
Banning TikTok would hit China’s tech ambitions and deepen the global ...
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
  • ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.

  • TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.

  • ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.

  • After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
Profile picture of Nikkei Asia
China's distressed property developers reveal wave of job cuts: HONG KONG -- Mainland Chinese property developers suffering from mounting debt obligations and ...
asia.nikkei.com/Business/Markets/China-debt-crunch/China-s-distressed-property-developers-reveal-wave-of-job-cuts
China's distressed property developers reveal wave of job cuts
Profile picture of Bloomberg
China Car Show Latest: Cutthroat Market, Expansion Plans: Slowing demand for electric vehicles, heightened trade tensions and questions about whether Western ...
bloomberg.com/news/articles/2024-04-25/china-car-show-latest-flashy-models-rolled-out-to-win-customers
China Car Show Latest: Cutthroat Market, Expansion Plans
Profile picture of The Diplomat
As Blinken Heads to China, What’s on the Agenda?: China’s support for Russia will be a primary topic, along with war in the Middle East and tensions over Taiwan ...
thediplomat.com/2024/04/as-blinken-heads-to-china-whats-on-the-agenda/
As Blinken Heads to China, What’s on the Agenda?
Quick Glance: Blinken Discusses Key Issues with China
  • USA and China discuss global conflicts and tensions in Shanghai and Beijing.

  • Discussions on Russia, Ukraine, Middle East, Taiwan, South China Sea.

  • Calls for China to exert influence on Iran and maintain stability in the region.

  • Disputes over human rights, synthetic opioids, and illegal activities.
Profile picture of Wirtschaftswoche
VW staff cuts: Volkswagen pays up to 450,000 euros in severance pay: VW is fueling its job cuts with high severance payments. According to WirtschaftsWoche ...
wiwo.de/unternehmen/auto/sparprogramm-bei-volkswagen-vw-zahlt-bis-zu-450-000-euro-abfindung/29757096.html
VW staff cuts: Volkswagen pays up to 450,000 euros in severance pay
Profile picture of Nikkei Asia
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
Chinese professor at Tokyo university missing after trip home