Business
Mercedes-Benz profit plunges on tariff, China woes
Premium German carmaker Mercedes-Benz said Wednesday (Jul 30) its second-quarter profit plunged nearly 70 per cent due to US tariffs and…
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China
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Tesla signs US$4.3 billion LGES battery deal, source says, reducing China reliance
South Korea’s LG Energy Solution (LGES) has signed a US$4.3 billion deal to supply Tesla with energy storage system batteries, said a…
Business
HSBC first-half profit slumps 26% as China losses mount
HSBC Holdings reported a 26 per cent slide in first-half pretax profit on Wednesday (Jul 30), missing analyst estimates, as impairments…
News
US and China end 'constructive' trade talks without breakthrough
The US and China have wrapped up another round of trade talks without any major breakthroughs, despite discussions that both sides…
Business
Global stocks mostly rise as U.S. continues trade talks with China
Global shares were mixed Tuesday at the outset of a second day of trade talks between Chinese and U.S. officials. France’s CAC 40 jumped…
Business
Merck to cut jobs and costs as demand for Gardasil in China remains weak
Drugmaker Merck on Tuesday (Jul 29) announced job and cost cuts it said will save US$3 billion a year as it posted lower second-quarter…
News
Beijing floods: 30 killed as China sees summer of extreme weather
At least 30 people have died in Beijing and more than 80,000 were evacuated to safety, Chinese authorities said, as heavy rains and floods…
Business
Apple to shutter a retail store in China for the first time ever
Apple is closing a retail store in China for the first time, marking a notable retreat in a market where the iPhone maker is striving to…
News
China crypto firm Bitmain plans first US factory in Trump gambit
Bitmain Technologies, the world’s largest manufacturer of crypto mining hardware, plans to open its first US facility in the coming…
Business
Pomellato Names C-pop Star Roy Wang Global Brand Ambassador
Pomellato has named Roy Wang, a Gen Z C-pop idol, its latest global brand ambassador. The 24-year-old pop star, who made his debut as a…
Business
U.S. and China resume trade talks in Stockholm. Here’s what to know
When top U.S. and Chinese officials meet in Stockholm, they are almost certain to agree to at least leaving tariffs at the current levels…
Business
Shaolin Temple: Abbot Shi Yongxin under criminal investigation in China
Shi Yongxin, the abbot of the world-renowned Shaolin Temple, is being investigated by multiple agencies for embezzlement, "improper…
Culture
BYD runs India remotely as China tensions shut out top brass
China’s BYD is forging ahead with its attempts to expand in India despite roadblocks from the government that are preventing the electric…
News
U.S. Reaches Trade Truce With EU, May Extend China Tariff Pause
Protracted negotiations with the European Commission have come to an end, with Washington reaching a trade truce with the European Union…
News
US Reaches Trade Truce With EU, May Extend China Tariff Pause
Protracted negotiations with the European Commission have come to an end, with Washington reaching a trade truce with the European Union…
Business
Oil prices dip to settle at three-week low on US and China economic concerns
Oil prices eased on Friday (Jul 25) and settled at a three-week low as traders worried about negative economic news from the US and China…
Business
Tech firms to showcase AI innovations in a China under US sanctions
Tech firms huge and small will converge in Shanghai this weekend to showcase their artificial intelligence innovations and support China’s…
Business
China Reits make ‘significant turnaround’, with growth outpacing regional peers: Aprea
Chinese real estate investment trusts, or C-Reits, have outpaced some of their regional peers, including Singapore’s, in the first half of…
Business
China Everbright Water appoints new CEO, sets up sustainability committee
Xiong Jianping succeeds outgoing chief Tao Junjie, who has been at the helm for nearly four years Water environmental management company…
Business
Nvidia AI chips worth US$1 billion entered China despite US curbs: FT
Nvidia’s advanced artificial intelligence chips worth at least US$1 billion were smuggled to China in the three months after Washington…
Business
Starbucks opens free study rooms in China to lure back customers
Starbucks has launched free “study rooms” in some of its China outlets, the company’s latest initiative to help boost consumer traffic as…
News
Garrett Leight to Move All Production to Japan From China
Garrett Leight California Optical is making the jump from China to Japan for its future production. The Los Angeles-based eyewear brand…
Business
China shuns low-grade coal from Indonesia as imports collapse
Indonesia bore the brunt of a sharp fall in China’s coal imports last month, underscoring how Chinese power plants have shifted away from…
News
Trump and Philippine leader plan to talk tariffs and China at the White House
President Trump plans to host Philippine President Ferdinand Marcos Jr. on Tuesday at the White House, as the two countries are seeking…