China
Apple’s earnings will give a peek into the mindset of the high-end consumer
Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 6, 2022. David Paul Morris | Bloomberg | Getty Images Apple reports earnings on Thursday for the quarter ended in June. The third quarter of Apple’s fiscal year is […]
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Adidas cuts 2022 outlook on slower China recovery, potential for a global slowdown
Pedestrians walk by a large Adidas logo inside the German multinational sportswear shop. Miguel Candela | SOPA Images | LightRocket via Getty Images Adidas on Tuesday cut its financial forecast for 2022 as the sneaker and athletic brand suffers from a slower recovery in China and warned of the potential for a slowdown in other […]
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Bill to boost U.S. chip production and competition with China clears key Senate hurdle
US President Joe Biden during a virtual meeting on the Chips Act in the Eisenhower Executive Office Building in Washington, D.C., US, on Monday, July 25, 2022. Jemal Countess | Bloomberg | Getty Images A bipartisan bill to bolster domestic semiconductor manufacturing and boost U.S. competitiveness with China has cleared a key Senate vote, setting […]
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Alibaba pops 6% after announcing plans for a dual primary listing in Hong Kong
Alibaba’s Hong Kong-listed stock jumped as much as 6% on Tuesday after the company said it will apply for a dual primary listing in Hong Kong. Kuang Da | Jiemian News | Visual China Group | Getty Images Alibaba’s Hong Kong-listed stock jumped 6% on Tuesday after the Chinese tech giant said it will apply […]
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Senate postpones key vote on bill to fund U.S.-made computer chips due to thunderstorms
A technologist inspects a computer chip. Sefa Ozel | Getty Images Severe weather will delay the Senate’s push to quickly pass funding to bolster domestic semiconductor manufacturing and boost U.S. competitiveness with China, Senate Majority Leader Chuck Schumer, D-N.Y., said Monday. The bill was expected to clear a key procedural hurdle in the Senate on […]
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3 factors to keep in mind heading into the busiest week of earnings
As we look ahead into the week ahead, some of the biggest names in tech will report. Source
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Tesla shares jump on second-quarter report that was better than analysts feared
Pedestrians walk through a street crossing in front of the American electric company car Tesla Motors official authorized car dealer store in Hong Kong, July 13, 2022. Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Shares of Tesla jumped nearly 10% on Thursday, one day after the electric car maker released second-quarter results […]
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Asia-Pacific’s travel industry won’t recover fully without China, says analyst
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brendan Sobie of Sobie Aviation says China is crucial to the region’s travel market, and the loss of much of it, as a result of its strict Covid measures, is “a void you cannot fill.” Source
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Taiwan accuses Chinese Apple supplier of stealing secrets, charges 14
People visit the booth of Luxshare Precision Industry Co., Ltd during Electronica China 2021 at Shanghai New International Expo Centre on April 14, 2021 in Shanghai, China. Visual China Group | Getty Images Taiwanese prosecutors on Friday accused a Chinese Apple supplier of stealing commercial secrets from a Taiwanese supplier and poaching its workforce to […]
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Travel chaos, labor unrest and extreme heat in focus at Britain’s first major air show since the pandemic
Britain’s Farnborough International Airshow will showcase the most advanced aircraft across commercial and military aviation design. Bloomberg | Bloomberg | Getty Images LONDON — Britain’s Farnborough International Airshow will make its long-awaited return next week, with aerospace and defense industry leaders poised to gather against a backdrop of travel chaos and labor unrest. The five-day […]
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