China
Tesla CEO Elon Musk says he has Covid again
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Aly Song | Reuters SpaceX and Tesla CEO Elon Musk announced on Twitter on Monday that he has Covid. The announcement comes after Tesla’s factory in Shanghai faced regional Covid restrictions that reportedly require it to suspend production […]
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Oil slides more than 8% as Shanghai lockdown prompts demand fears
Andrey Rudakov | Bloomberg | Getty Images Oil declined more than 8% at the lows of the day on Monday as concerns over new lockdowns in China and the potential impact on demand sent prices tumbling. West Texas Intermediate crude futures, the U.S. oil benchmark, slipped 8.25% to trade at $104.50 per barrel. International benchmark […]
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Apple reportedly cuts production of its new iPhone SE by 20%
Tim Cook at the Apple launch event, March 8, 2022 Apple Apple is scaling back production of its new budget iPhone SE due to weaker-than-expected demand, Nikkei Asia reported Monday. The company has reportedly asked suppliers to cut production of the iPhone SE, its new $429 budget 5G phone, by about 2 million units to […]
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Treasury Secretary Yellen sees no need for China sanctions as U.S. tries to deter aid to Russia
Treasury Secretary Janet Yellen on Friday said she does not believe the U.S. should impose sanctions on China because of its ties to Russia. “I don’t think that that’s necessary or appropriate,” the Treasury secretary told “Squawk Box” of potential penalties on Beijing. “Senior administration officials are talking privately and quietly with China to make […]
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Stocks making the biggest moves premarket: Bed, Bath & Beyond, Nio, Honest Company and others
Check out the companies making headlines before the bell: Cannabis stocks – Shares of marijuana producers are extending a Thursday rally in the premarket, following an industry publication’s report that the House will vote for a second time next week to legalize cannabis at the federal level. The House passed such a bill in 2020, […]
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Australia, New Zealand are concerned as Solomon Islands confirm security deal with China
Prime Minister Scott Morrison on March 15, 2022 in Perth, Australia. Paul Kane | Getty Images News | Getty Images Australia and New Zealand expressed concern on Friday about the impact on regional security of military cooperation between China and the Solomon Islands after a draft document outlining proposed cooperation was leaked. The security treaty, […]
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China’s EV makers could see a ‘shake down’ as they hike prices on rising material costs
Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021. Future Publishing | Future Publishing | Getty Images A slew of electric vehicle companies operating in China have been forced to raise the prices of their cars as the cost of raw materials shoot up. Some companies like […]
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EU leaders send a message to China: Use your leverage to stop Putin
Italy’s Prime Minister Mario Draghi speaking to journalists in Brussels. Aris Oikonomou | Afp | Getty Images BRUSSELS, Belgium — EU leaders had one message for Beijing as they gathered in Brussels to discuss new sanctions against Russia: stop President Vladimir Putin. Chinese authorities have so far refused to fully condemn Russia’s unprovoked invasion of […]
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The Philippines’ pivot toward China could change when Duterte steps down as president
Chinese President Xi Jinping holds talks with his Philippine counterpart Rodrigo Duterte in Manila, the Philippines on Nov. 20, 2018. Xinhua News Agency | Getty Images The Philippines has been warming up to China since President Rodrigo Duterte was elected in 2016. As Filipinos head to the polls on May 9 to elect a new […]
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Black box found from Boeing passenger jet that crashed in China, state media says
Paramilitary police officers conduct a search at the site of a China Eastern Airlines plane crash in March 2022 in Tengxian county, Wuzhou city, in China’s southern Guangxi region. AFP | Getty Images BEIJING — One of the two black boxes containing data from Monday’s China Eastern Airlines plane crash has been found, Chinese state […]
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