China
5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Stocks look to build off last week’s rebound A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022. Brendan Mcdermid | Reuters U.S. stock futures rose before the […]
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Asia-Pacific markets set to trade mixed as investors monitor recession fears
A man walks past the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Toru Hanai | Bloomberg via Getty Images SINGAPORE — Shares in the Asia-Pacific are poised to trade mixed on Monday as investors assess inflation and recession fears. The Nikkei futures contract […]
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TikTok-owner ByteDance’s aggressive mobile gaming push is paying off as player spending grows
ByteDance has been investing in its mobile gaming business through key acquisitions and is finding success outside of China. Omar Marques | Sopa Images | Lightrocket | Getty Images Chinese internet giant ByteDance’s nascent foray into gaming is showing signs of promise with spending across its mobile titles growing over the past year as it […]
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China’s steel mill owners are in a bad mood as demand takes a hit
Steel mill owners in parts of China are in a bad mood, Beijing-based commodities consultant Simon Wu said. Steel inventories are slowly piling up in the warehouses of the country’s biggest steelmaking hub, the northeastern city of Tangshan, as well as in the provinces of Jiangsu and Shandong, mill owners told Wu, a senior consultant at […]
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BMW opens $2.2 billion EV plant in China as it ramps up challenge to Tesla, domestic players
German automaker BMW is ramping up production of electric vehicles in China as it looks to catch up with leaders Tesla and domestic rivals like BYD. The new plant in Shenyang is BMW’s third in China and brings its annual production capacity in the country to 830,000 cars. Anadolu Agency | Getty Images BMW has […]
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Chinese EV maker Nio says a car fell from third floor of a Shanghai office, killing two
Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images A test car made by Chinese electric vehicle start-up Nio fell out of a third-floor parking lot of a building in Shanghai, killing two people, the company said in a Weibo post on Thursday. The incident happened at around 5:20 p.m. Beijing time on Wednesday. One company staff member and a […]
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Tourists are flocking back to Southeast Asia — but the robust recovery is showing signs of cracks
After more than two years of lockdowns and border controls, Southeast Asia is finally experiencing some semblance of the old days of travel. Flights are steadily returning to 2019 levels in the region’s major economies, with Singapore, Thailand and Malaysia being the most popular destinations this year, according to the flight data analytics firm Cirium. […]
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World’s largest hybrid ship set to ferry passengers between Britain and France
An artist’s impression of the Saint-Malo at sea. According to Brittany Ferries will have a battery capacity of 11.5 megawatt hours. Brittany Ferries A ship set to carry passengers between the U.K. and France in the next few years will be the largest hybrid-vessel ever built, according to operator Brittany Ferries. In a statement Tuesday, […]
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Chinese influencers must now have a qualification to talk about certain topics like law and medicine
Chinese regulators have been looking to clean up the country’s popular livestreaming industry. This includes rules around what online influencers can and can’t say and the topics that are off limits. Costfoto | Future Publishing | Getty Images Online influencers in China must now have a qualification to talk about certain topics such as law […]
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Coal investments set to rise 10% this year as nations fret over energy security
Coal and a wind turbine in Hohenhameln, Germany, on April 11, 2022. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons in recent months. Mia Bucher | Picture Alliance | Getty Images Global energy investment is on course to jump by more than 8% in 2022 and hit $2.4 […]
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