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2023年3月4日小编

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Stock Market Set for Longest Losing Streak in Months

A rally at the start of the year has given way to worries about economics and geopolitics on Wall Street.

Lululemon to shutter Washington distribution center, lay off 128 employees after tripling warehouse footprint

Lululemon is shutting down its Washington distribution center and laying off 128 employees after it opened a massive new warehouse outside of Los Angeles.

Drone startup Zipline hits 1 million deliveries, looks to restaurants as it continues to grow

The company said its zero-emission drones have now flown more than 70 million autonomous commercial miles across four continents.

Oil price eases as Iran downplays attack

Oil prices eased after Iran said a missile strike from Israel did little damage.

Michael Abramowitz Named New Director of Voice of America

Michael Abramowitz, a former Washington Post journalist who is currently the president of the nonprofit Freedom House, is expected to start in the role this summer.

How France Is Fighting ‘Shrinkflation’

Merchants will be required to put signs in front of all products that have been reduced in size without a corresponding price cut.

FAA will require more rest time for air traffic controllers amid fatigue concerns

Staffing shortfalls have led to forced overtime and tightly packed air traffic controller schedules

Inflation, Interest Rates and Oil Prices Have Jolted the Markets

Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.

With a Fresh Look and Recipes, Manischewitz Courts a New Generation

The 136-year-old company’s products have been staples in American Jewish households for generations. After a major rebranding, the matzo ball soup comes with merch.

Chinese Export Surge Clouds U.S. Hopes of a Domestic Solar Boom

The decision by a Massachusetts solar company to abandon plans to build a $1.4 billion U.S. factory highlights the risks amid a flood of Chinese clean energy exports.

China’s Export Dominance: What to Know

From cars to solar panels to furniture, China is using lavish bank lending and enormous investments in robotics to cement its global leadership in manufacturing.

Apple Says It Was Ordered to Pull WhatsApp From China App Store

Apple said it removed WhatsApp and Threads from its China app offerings Friday on Beijing’s orders, amid technological tensions between the U.S. and China.

Taylor Swift and Beyoncé Avoided a Collision on the Charts. (Again.)

Pop’s two reigning queens are often cast as rivals, but they have continually supported each other — and spaced out their album releases.

Taylor Swift Sells a Rainbow of Vinyl Albums. Fans Keep Buying Them.

Artists across pop genres are finding success with colored vinyl and different variants of their releases. For Swifties, the urge to collect them all is strong.

Post Office lawyer 'missed' key Horizon finding

A top lawyer says he and others missed a finding in 2014 that the software could be accessed remotely.

Procter & Gamble sales disappoint as price hikes slow down

The Tide owner's quarterly volume was flat for the second consecutive quarter.

Tesla Will Recall Cybertruck in Latest Setback

A federal auto safety agency said the accelerator pedal on the pickup truck, sales of which began in late 2023, could become stuck, increasing the risk of accidents.

David Zaslav Receives $50 Million for Leading Struggling Warner Bros. Discovery

The chief executive’s 2023 pay package rose 26 percent from the year before, while the company’s losses totaled $3 billion.

With China’s EV sector at top speed, Beijing eyes ‘economical’ hydrogen-power vehicles amid green energy transition

China is the world’s top producer and consumer of electric vehicles, and Beijing is now seeking the lead in hydrogen-powered vehicles.

Thousands Are Eligible for Tax Refunds From 2020

The I.R.S. estimates that 940,000 people who didn’t file their returns for that year are due back money. The deadline for filing to get it is May 17.

Why Germany has little choice but to continue to cosy up to China

The ugly truth is that the power of Germany’s economy is heavily connected to its business relationship with China and, with that, Scholz’s political fortunes

A Union Vote at Volkswagen Is a Big Test for the UAW

If workers at a plant in Tennessee agree to unionize, it would reflect the growing power of groups like the U.A.W. at a crucial political moment.

Republican governors from six states condemn UAW campaigns, citing potential for layoffs

The joint statement was signed by governors in Alabama, Georgia, Mississippi, South Carolina, Tennessee and Texas.

China’s drought-hit Yunnan braced for ‘worst case scenario’ as key grain, power, aluminium hub faces worst dry spell in 60 years

Rainfall in the southwest province of Yunnan, which is one of China’s leading hydropower producers, fell by 42.3 per cent compared to normal levels this year.

Tesla recalls Cybertrucks over accelerator crash risk

The electric car company, run by Elon Musk, is recalling thousands of what is its latest vehicle.

Shoppers shun department stores as prices rise

Higher prices put off shoppers as sales volumes overall stagnate in March.

One Potential Key to Knicks’ Season: Friendship

Jalen Brunson, Josh Hart and Donte DiVincenzo have been buddies since college, a situation that those who study the workplace say can foster success.

Can a Brewery Make Good Wine? These Beer Makers Say Yes.

In an effort to reach an increasingly diverse customer base, brewers are turning over some of their equipment to producing wine.

What to Do When Your 401(k) Leaves Something to Be Desired

Over the course of a career, the high fees and a lower-quality menu of investment options found in some plans can shrink your balance significantly.

Netflix profits soar after password crackdown

The streaming giant said it added 9.3 million subscribers in the first three months of the year.

China penalises US acid imports in retaliatory move as trade relations grow caustic

China has revealed hefty penalties on imports from the US of an acid used as a preservative as trade relations between the two countries appear likely to return to an outwardly acrimonious track.

Building society and Co-op Bank agree takeover terms

The two lenders agree terms on a takeover deal that could be worth up to £780m.

Legal Fight Over Trump Media’s Ownership Adds to Its Woes

Two ex-contestants on “The Apprentice” sold the former president on the idea of a social media platform. Now, the company and the pair are wrangling over their stake.

Li Auto takes on Tesla’s Model Y by pricing new L6 SUV deliberately lower as cutthroat discounts persist in China

Beijing-based Li Auto has priced the new L6 SUV from 249,800 yuan (US$34,509) onwards, 5 per cent cheaper than Tesla’s popular Model Y.

China-Middle East commercial ties enjoying a ‘renaissance’ as politics, trade spats strengthen shift from West, consultancy says

Commercial ties between China and the Middle East are enjoying a revival as politics, energy transition and supply-chain upheavals create opportunities for Chinese exporters, according to management consultancy Oliver Wyman.

US interest rate setter says 'no hurry' to cut

A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".

China’s middle class a ‘tidal wave’ investors are failing to appreciate: Primavera Capital founder

It is only a matter of time before the currently depressed market stages a rebound, according to Fred Hu of private-equity firm Primavera Capital.

Can TikTok's owner afford to lose its killer app?

Sell or be banned - TikTok's US operations, by some estimates, could fetch up to $100bn.

Almost a quarter of kids aged 5-7 have smartphones

The regulator calls the data a "wake up call", and says parents and industry need to do more.

Why a deluge of Chinese-made drugs is hard to curb

Thousands of Chinese companies are making synthetic opioids and shipping them around the world.

Sony in Talks to Join a Bid to Buy Paramount

The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger negotiations with Skydance.

Netflix forces Wall Street to focus on profit and revenue with decision to stop reporting subscriber numbers in 2025

Netflix will no longer report its quarterly subscriber additions, a sign that the benefits of its password-sharing crackdown may be ending.

Chinese Exports Are Threatening Biden’s Industrial Agenda

The president is increasingly hitting back with tariffs and other measures meant to restrict imports, raising tensions with Beijing.

Netflix Added More Than 9 Million Subscribers in First Quarter

The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.

Netflix blows past earnings estimates as subscribers jump 16%

Netflix said its subscribers grew 16% to 269.6 million, but said it would no longer regularly report the metric starting next year.

Nordstrom family tries again to take department store private, forms special committee

The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids.

Mortgage rates are now at the highest level of the year, and could still climb

The average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year, according to Mortgage News Daily.

U.S. Mortgage Rates Jump Above 7% for the First Time This Year

Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.

Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding

Alaska Airlines said Boeing paid it $162 million so far in compensation for the 737 Max grounding.

NBA's exclusive TV rights negotiating window with ESPN, Warner expected to pass without a deal

The NBA's exclusive window with incumbent media partners Disney and Warner Bros. Discovery will expire April 22 without a signed deal, according to sources.

How a Crypto Compliance Officer Ended Up in a Nigerian Prison

Tigran Gambaryan, an American compliance official for the giant cryptocurrency exchange Binance, flew to Nigeria in February for a planned two-day business trip. He hasn’t returned.

Billionaire Kam Ghaffarian sets his sights on the stars with a range of space companies

Ghaffarian has been instrumental in ushering in the new space economy, with leadership roles at Intuitive Machines, Axiom Space, Quantum Space and X-Energy.

Hipgnosis Agrees to $1.4 Billion Deal to Sell to Concord

Hipgnosis, which owns the rights to songs by Justin Bieber and Neil Young, helped kick-start a rush on catalog sales. But its future has been in doubt.

Dubai airport delays persist after UAE storm

Some inbound flights to the world's second busiest airport resume, but many passengers remain stranded.

March homes sales dropped despite a surge in supply. Here's why.

The median price of an existing home sold in March was $393,500, up 4.8% from the year before.

The Race to Reroute Goods From Baltimore: Trains, Trucks and Tractors

Since the collapse of the Key Bridge, other East Coast ports have absorbed the cargo previously handled in Baltimore, but some parts of the supply chain like trucking are struggling.

Countdown Is On for the Bitcoin ‘Halving’

Bitcoin aficionados are hoping that a scheduled reduction in the number of new coins going into circulation will cause the price of the cryptocurrency to skyrocket.

Meta, in Its Biggest A.I. Push, Places Smart Assistants Across Its Apps

Users of Instagram, Facebook, WhatsApp and Messenger will be able to turn to the new technology, powered by Meta’s latest artificial intelligence model, to obtain information and complete tasks.

U.S. tech CEOs give India PM Modi boost ahead of election

India's Narendra Modi has been courting U.S. tech company leaders like Elon Musk and Tim Cook ahead of the country's national elections.

Victim calls for lawyer removal from Horizon scheme

Former sub-postmaster says a top Post Office lawyer should not be involved in Horizon redress.

Millions of Girls in Africa Will Miss HPV Shots After Merck Production Problem

The company has told countries that it can supply only 18.8 million of the 29.6 million doses it was contracted to deliver this year.

Google sacks staff protesting over Israeli contract

Google sacked 28 staff members for taking part in protests against a contract with the Israeli government.

Biden Calls for Tariffs on Chinese Steel in Pittsburgh Pitch, Vying With Trump for Votes

Speaking to the United Steelworkers union in Pittsburgh, the president urged major increases to some tariffs on steel and aluminum products from China.

IMF: China’s bonds, stimulus will buoy world’s No 2 economy despite property crisis

Asia official with Washington-based agency points to the PBOC’s policy moves, as well as China’s infrastructure spending, as economic bellwethers in the face of headwinds.

China steels itself for new front in trade war after US proposes tariffs on metals

The US’ proposed tripling of tariffs on Chinese steel imports would be the first move in a tit-for-tat struggle that would expand the bilateral trade war, analysts said – and fuel grumblings over industrial overcapacity.

Ex-Post Office chair defends himself against claims

A report claims Henry Staunton used derogatory language about recruiting a board member

Congress Ramps Up the Pressure on TikTok

A legislative maneuver in the House may help an effort to force the divestment of the video platform by its Chinese owner, which would squeeze U.S. investors.

Airline executives predict a record summer and even more demand for first class

Delta and United executives have forecast record demand this spring and summer with even more travelers booking in higher classes.

Canton Fair: Chinese Premier Li Qiang solicits views from ‘ambassadors of friendship’ as external tensions grow

Premier Li Qiang told overseas buyers at the Canton Fair that China’s development will inject more stability into the world economy and global trade as it seeks to shore up confidence and retain and entice investors.

TikTok’s Origin Story: Court Files Show Role of GOP Megadonor Jeff Yass

Court records, mistakenly made public, tell a story about the birth of ByteDance, its bumpy road to success and the role of the Republican megadonor Jeff Yass’s firm.

China unloads more US Treasury bills as odds of Fed rate cuts grow slim

China has continued to sell its holdings in US debt as the likelihood of expected interest rate cuts grows more remote and Beijing looks to widen the diversity of its foreign asset pool.

Truth Social Has an Edge as Rival Right-Wing Apps Falter

Donald Trump’s social media platform has outdistanced similar conservative sites such as Parler and Gettr, even as it lags far behind X and others.

Takeaways From a Trove of ByteDance Records

The records briefly surfaced in a lawsuit involving the Republican megadonor Jeff Yass’s firm.

Sainsbury's worker sacked for not paying for 'bags for life'

The employee said he had pressed the "zero bags used" button accidentally when shopping.

Taking Account of Rising Health Care Costs

Have your out-of-network insurance bills skyrocketed? Chris Hamby, an investigative reporter for The Times, may have an explanation.

TikTok Bill to Be Bundled With Aid to Ukraine and Israel, House Speaker Indicates

A new measure attempts to force the Senate’s hand on passing legislation to ban TikTok or mandate the app’s sale.

Boeing whistleblower says he was put through 'hell'

Lawmakers voice concerns over claims that Boeing threatens staff who raise safety concerns.

The West says China makes too much. Its workers disagree

Migrants are caught in China's manufacturing battles with the West, as Beijing tries to save its economy.

Police bust cyber gang accused of worldwide fraud

Police took down the international scam on Tuesday and say there could be up to 70,000 UK victims.

'AI helps me to make wine for younger drinkers'

The winemakers using artificial intelligence to help them grow grapes and blend their wines.

Vince McMahon is taking vacations and in touch with Trump as WWE tries to move on from scandal-plagued ex-CEO

McMahon resigned as executive chairman of the WWE in late January after a former employee, Janel Grant, accused him of sexual abuse and trafficking.

China preps for tourism boom on May Day holiday as early bookings rocket past pre-pandemic levels

China’s coming May Day holiday already has the makings of a major tourism rush, with early bookings exceeding pre-pandemic levels and the travel boom likely to fuel a much-desired round of consumption.

How sustainability is driving China’s next economic transformation

Despite some progress, the Chinese economy still faces problems but these can be overcome with targeted stimulus measures and a focus on sustainable development. By framing China as a threat, the US risks impeding global sustainability efforts.

Tesla Seeks to Revive Musk’s $47 Billion Pay Deal With New Shareholder Vote

The company’s directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the company’s registration to Texas, from Delaware.

Boston Dynamics’ Atlas Robot Is Leaping Into Retirement

It has been replaced by a new model, which will be used in automotive manufacturing. A farewell video featured the old machine running outdoors, performing back flips and awkwardly shimmying.

United Airlines jumps 17% on strong earnings forecast, cuts 2024 fleet plan on Boeing delays

United expects to receive fewer aircraft this year and is planning to add leased Airbus A321neos.

Boeing Whistle-Blower Details His Concerns to Congressional Panel

Sam Salehpour, an engineer at Boeing for over a decade, testified that the company introduced production shortcuts in an attempt to address bottlenecks.

NPR Editor Who Accused Broadcaster of Liberal Bias Resigns

Uri Berliner, who has worked at NPR for 25 years, said in an essay last week that the nonprofit had allowed progressive bias to taint its coverage.

The Global Turn Away From Free-Market Policies Worries Economists

More countries are embracing measures meant to encourage their own security and independence, a trend that some say could slow global growth.

Sundance Organizers Consider New Home for Film Festival After 2026

A 13-year contract with Park City, Utah, is set to expire in 2026 and the film festival is beginning a review process to see if it should move.

Eli Lilly’s weight loss drug Zepbound shows promise as a sleep apnea treatment in late-stage trials

The pharmaceutical giant plans to present the trial data at an upcoming medical conference and submit it to the Food and Drug Administration mid-year.

Boeing faces scrutiny in Senate hearings over aircraft safety and quality

A Boeing whistleblower testified in a hearing Wednesday about safety concerns related to two of the company's aircraft.

Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years

As the economy cools, pressure is building on the Bank of England to cut interest rates.

F.T.C. Said to Consider Blocking Major Fashion Merger

Regulators are expected to meet next week to discuss the $8.5 billion deal between Coach’s owner, Tapestry, and Michael Kors’s parent company, Capri Holdings, which would create a U.S. luxury conglomerate.

UK inflation falls as some food prices drop

New official figures show that inflation, the rate at which prices rise over time, fell again in March.

Tesla pushes for $56bn pay deal for Elon Musk

The deal, if approved by shareholders and judges, would be the largest in corporate America.

Most doses of Eli Lilly's Zepbound, Mounjaro in short supply through June, FDA says

The insatiable demand for weight loss and diabetes drugs is still trouncing supply, even as Eli Lilly and Novo Nordisk work to increase production capacity.

Post Office scandal unbelievable says ex-chairman

Former Post Office chairman Allan Leighton apologises for his part in the "terrible" Horizon scandal.

Comcast launches prepaid and month-to-month internet and phone plans

Comcast announced Wednesday it is launching NOW, a new prepaid and month-to-month streaming and phone plan aimed at lower-income customers.

VW Workers in Tennessee Start Vote on U.A.W., Testing Union Ambitions

The United Automobile Workers hopes contract gains at the Big Three carmakers will provide momentum in a broad effort to organize nonunion plants.

China’s economy seeing ‘seismic shifts’ and imbalances like nothing Beijing predicted, senior economist says

Prominent government adviser Liu Yuanchun says the immediate future will be marked by disequilibrium, and more non-economic risks are emerging than economic ones, after first-quarter GDP growth impresses.

Dongfeng, Chery lead Chinese carmakers in eying Europe factories amid brutal price war at home

Carmakers like Dongfeng, Chery and BYD are eyeing production sites in Europe to assemble the next generation of electric vehicles as a foil against the EU’s protectionist tariffs as a brutal price war at home drives more producers offshore in search of fresh markets.

Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the market

Sales of superyachts took a dive in 2023, as long waiting lists, soaring costs and Russian oligarch sanctions hit demand.

Tesla Calls for New Vote on Elon Musk’s Pay Package

The electric vehicle maker will ask shareholders to vote again on a multibillion-dollar compensation package that was voided by a judge in January.

China rallies aviation brainpower to get widebody C929 off the ground, amp up Airbus and Boeing competition

China’s state-owned aircraft manufacturer held a conference ahead of a week-long seminar to seek progress with its C929 passenger jet, which is due to rival the Airbus A350 and Boeing 787 models for long-haul routes.

Biden to Call for Tripling Tariffs on Chinese Steel Products

In a speech to union steelworkers in Pittsburgh, the president will announce several new measures meant to raise new barriers against floods of Chinese imports.

Everything You Need to Know About Smartphone Backups

It doesn’t take a lot of work to keep copies of your phone’s photos, videos and other files stashed securely in case of an emergency.

Million-dollar jobs, travel perks and racy parties vanish as China’s research pullback sends chills through banks and brokers

The cutbacks, described by people familiar with the matter, come as a prolonged market slump reduces trading commissions and authorities tighten limits around what research analysts are allowed to publish.

The 2024 Paris Olympics Prepares For Cyberattacks

“We will be attacked,” the official responsible for fending off cyberthreats said. To prepare, organizers have been hosting war games and paying “bug bounties” to hackers.

China plays up Alibaba, Shein’s role in promoting cross-border e-commerce at ‘digital silk road’ forum, as exports rise

At the Digital Silk Road Development Forum in Xian, Alibaba and Shein were praised for helping advance the country’s booming cross-border e-commerce sector.

Transportation Dept. and State Attorneys General Will Look Into Airline Complaints

Transportation Secretary Pete Buttigieg announced a new partnership with more than a dozen state attorneys general that aims to improve protections for air travelers.

Workers take on car giant Volkswagen in fight for pay

VW workers in the south vote on whether to join a union - a test of how far worker activism has spread.

China GDP: first-quarter growth ‘smashes’ expectations, but has Beijing put too many eggs in its basket?

China’s widely watched gross domestic product (GDP) figure beat expectations in the first three months of the year, but retail sales growth dropped in March and property investment fell by 9.5 per cent in the first quarter.

Smartmatic and OAN Settle Defamation Suit

Smartmatic, an elections technology company, had accused the conservative broadcaster of amplifying baseless claims about election fraud.

Adidas on front foot after exiting Kanye West deal

The Samba, Gazelle and Campus shoe maker expects to make €700m (£598m) operating profits in 2024.

Canton Fair: China’s new energy exporters abuzz as orders swell, threat of trade curbs looms

Buyers and exhibitors of new energy equipment at the Canton Fair are showing boundless optimism as orders rise, but measures likely to be taken against the industry by the US and EU could spoil the fun.

Planet Fitness shares fall as company announces new CEO

Planet Fitness has appointed a new CEO effective June 10 after a monthslong search for new leadership.

Johnson & Johnson tops quarterly profit estimates as medical device sales jump

The company is benefiting from a rebound in demand for nonurgent surgeries among older adults, who deferred those procedures during the Covid pandemic.

Morgan Stanley tops expectations on wealth management, trading and investment banking results

How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?

Powell Suggests Interest Rates Could Stay High for a Longer Period

The Fed chair, along with the central bank’s No. 2 policymaker, stressed uncertainties over job growth and the persistence of elevated inflation.

Participant, Maker of Films With Social Conscience, Calls It Quits

The company had critical and commercial hits over two decades but never made money consistently and faced a challenging entertainment landscape.

South Carolina coach Dawn Staley says women's basketball will get 'better and better'

South Carolina coach Dawn Staley said women's basketball will only get bigger after her team's undefeated season and Caitlin Clark's record-breaking run.

NPR Suspends Uri Berliner Over Critical Substack Essay

Uri Berliner, a senior business editor at NPR, said the public radio network’s liberal bias had tainted its coverage of important stories.

TGI Fridays to go public through merger with its U.K. franchisee

The new company will be publicly traded on the London Stock Exchange under the ticker "TGIF."

IMF Sees Steady Growth but Warns of Rising Protectionism

The International Monetary Fund offered an upbeat economic outlook but said that new trade barriers and escalating wars could worsen inflation.

Bank of America tops estimates on better-than-expected interest income, investment banking

Bank of America on Tuesday reported first-quarter earnings that topped analysts' estimates for profit and revenue.

China’s GDP growth beat expectations – so why are analysts and business groups still downbeat?

While first-quarter GDP data shows China is on course to meet its full-year economic growth target, policymakers are still being called on to bolster demand and introduce stronger policy support.

IMF keeps China’s 2024 GDP growth estimate unchanged on ‘troubled property sector’

After the release of China’s first-quarter GDP growth, International Monetary Fund says the lack of a ‘comprehensive response’ could lead to less economic growth than Beijing is hoping for this year.

Volkswagen union vote in Tennessee to test UAW's power after victories in Detroit

Union voting for more than 4,000 eligible VW workers will begin Wednesday and end at 8 p.m. EDT on Friday.

Inside Washington’s Role in Microsoft’s Big AI Deal With G42

The White House laid the ground work for Microsoft’s $1.5 billion investment in an Emirati artificial intelligence start-up, a deal meant to box out Beijing.

Fitch cuts outlook for China’s state-owned banks from stable to negative citing Beijing’s limited capacity to support them

The move by Fitch Ratings comes a week after it cut its projection for the country’s sovereign credit rating, reflecting pessimism in the world’s second largest economy and concerns over Beijing’s capacity to support its biggest lenders.

Why Germany Can’t Break Up With China

China remains one of the most important markets for Germany’s export-driven economy, prompting a three-day visit by the German chancellor, who has stressed the importance of open markets.

China GDP: 5.3% first-quarter rise better than expected as recovery regains momentum

China’s widely watched gross domestic product (GDP) figure beat expectations in the first quarter after rising by 5.3 per cent year on year despite ongoing challenges.

The challenge of upgrading iconic steel windows

Critall windows date back to the 1880s but their steel construction makes them vulnerable to damp.

China’s energy trade with Middle East set to surge since Beijing brokered last year’s Iran-Saudi deal, UBS says

Energy-related trade between China and the Middle East is likely to increase significantly and reshape the sector globally in the wake of the Saudi-Iran peace deal brokered by China last year, according to Swiss bank UBS.

Boeing defends 787 Dreamliner safety after whistleblower alleged structural flaws

A whistleblower alleged that Boeing's 787 and 777 models have structural flaws

From consumption to tourism, China’s middle class holds the key to revving up economic engine, but can they turn it?

Ahead of China’s quarterly GDP release, survey figures reflect how difficult times have been for half a billion Chinese people, and where their priorities now lie.

China’s new South China Sea oil rig helps it drill deep for energy security

New deep-sea mobile operation can reportedly drill to a depth of 9,085 metres, a record for China as Beijing looks to rely less on imported oil and gas amid rising geopolitical uncertainties.

In China, Germany’s Olaf Scholz calls for ‘open and fair’ competition as differences weigh on trade

Scholz’s trip comes as the European Union is undertaking an anti-subsidy investigation into Chinese electric vehicles (EVs), and as criticism grows in the United States about Chinese overcapacity.

China’s Fosun International sells stake in Belgian insurer Ageas to BNP Paribas to reduce debt, focus on core businesses

More divestments to come, analyst says, as conglomerate aims to cut debts by US$1.38 billion annually in the next two to three years.

China’s ‘critical’ property sector must ensure timely delivery of homes, says Vice-Premier He Lifeng

Vice-Premier He Lifeng completed a two-day inspection tour of Zhengzhou, Henan province, over the weekend with a focus on China’s troubled real estate market.

Shanghai is the sole commodities bourse to stay open to Russian aluminium, copper and nickel as sanctions drive Moscow towards China

Energy market sanctions imposed on Moscow have already had a dramatic impact on China’s buying habits, helping Russia surpass Saudi Arabia to become the largest oil supplier to Beijing last year.

Hong Kong gearing up to become a hub for ILS such as catastrophe bonds, Insurance Authority says

Hong Kong is building an arsenal to assist the world with raising funds for managing losses from natural disasters, the Insurance Authority said. It is discovering more issuers, investors and data, as well as cultivating its modelling capabilities and talent.

As supply chains shift away from China, others get their own economic miracles

As global supply chains are reshaped, countries such as Vietnam and Mexico are becoming attractive manufacturing hubs. Chinese-backed factories in the US might face resistance, but the job growth and knowledge transfer they bring will benefit the American economy.

Drone delivery service launches in China’s Greater Bay Area, slashing transport time and costs between cities

Flight between Zhongshan and megacity of Shenzhen takes around 45 minutes and costs 40 yuan (US$5.60) per order, according to UAV-maker Phoenix Wings, which is backed by Chinese logistics giant SF Express.

China’s gold markets under strain as horde of new buyers hunts for stable investment

Gold markets in China have been inundated with a throng of new buyers, looking to put their money into a commodity which has skyrocketed in value as other investments have lost their lustre.

China trade: 5 takeaways from March data as exports tumbled, but ‘reasonable story about external demand’ appears

China’s export growth fell more than expected in March, but a recovery of overseas markets is expected, while imports also declined last month.

China’s world-leading patent applications being sped up, scrutinised to boost key industries

Innovation is increasingly coming under the spotlight amid Beijing’s push for tech self-reliance, but criticisms persist that quantity is being emphasised over quality in the pursuit of patents.

Spotlight, BMW’s China venture, to assemble EVs including Mini cars for consumers worldwide

Spotlight Automotive, BMW’s 50-50 EV venture with mainland Chinese partner Great Wall Motor, is designing new models that it hopes to sell globally.

China overtakes Germany in some exports, raising trade profile and EU eyebrows ahead of Scholz visit

A recent report has found China has overtaken Germany in terms of certain exports, an elevation of status for the Asian juggernaut but a potential source of tension for already fraught bilateral relations.

China’s stock market: Beijing issues unprecedented guidelines calling for transparency, risk-management

A document published by the nation’s cabinet on Friday promises to promote the ‘high-quality’ development of China’s capital market by strengthening supervision and guarding against risks.

China trade: exports tumble in March, but ‘robust growth’ on the horizon as overseas demand recovers

China’s exports in March were dragged down by a higher base in the same period last year, but a strong recovery in demand in overseas markets is set to lead to ‘robust export growth’ this year, analysts said.

China food security: grain reigns supreme as higher yields sought from limited land

China has set a goal for higher grain yields by 2030 – a necessity only likely to grow more acute as its stock of arable land has stagnated and the global food market has become more volatile.

The $2bn dirty-money case that rocked Singapore

The sensational case saw 10 Chinese nationals charged for laundering profits from illegal businesses.

China GDP: what is needed to achieve the ‘very challenging’ 5% economic growth goal for 2024?

Beijing has defended China’s ambitious goal of growing the economy by ‘around 5 per cent’ this year, insisting it matches the potential for economic growth, but analysts say there are still issues to be addressed.

China’s low inflation set to be ‘long-term phenomenon’: 4 takeaways from March’s data

China reported another low level of consumer inflation in March, while factory-gate prices fell for the 18th straight month.

China’s Suzhou city plans supercharged cross-border e-commerce business after Shein and Temu success

The municipal government of the city in eastern Jiangsu province unveiled a three-year plan to attract cross-border e-commerce projects.

Lianjia, China’s largest real estate brokerage, opens Manner coffee shop in Shanghai outlet to brew up home transactions

Lianjia has teamed up with coffee chain operator Manner to open a cafe in one of its outlets in Shanghai, launching a crossover marketing campaign to drive transactions amid lack of homebuying interest.

City University of Hong Kong calls for broader ESG reporting coverage, says all financial institutions licensed by SFC should submit emissions data

All financial institutions licensed by the SFC should be required to submit ESG reports for the development of a comprehensive ecosystem of sustainability disclosures, City University of Hong Kong says.

China protests Europe’s new wind-turbine probe and report alleging ‘distortions in the economy’

State subsidies are in Brussels’ cross hairs as the world’s largest windpower producer exports low-cost turbines to quench global demand for clean power.

Beware what you wish for: calls for China to loosen grip on the yuan may rock emerging and developed markets alike, strategists say

China’s managed currency is seen as an anchor for its regional peers, meaning small moves can have an outsize impact.

How AI is helping to prevent future power cuts

Artificial intelligence software is being used to predict electricity demand and supply.

How an F1 simulator could save car firms 'millions'

Engineers in a village near Bristol make the fastest-reacting car simulator in the world

Boom times for US green energy as federal cash flows in

The US government has directed unprecedented sums of money at green energy projects.

Ibiza locals living in cars as party island sees rents soar

"All the work you could want, but there isn't anywhere to live," say those struggling on the island.

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