Companies
ABB’s Strategic Swedish Robotics Investment: A Reflection of Global Production Shifts
In a recent announcement, ABB, a leading Swiss engineering and technology group, revealed its decision to allocate a sum of $280 million to establish a new robotics factory in...
Eli Lilly’s Mounjaro Shows Heart Health Benefits Over Trulicity in Landmark Trial
Eli Lilly announced that its diabetes drug Mounjaro has demonstrated heart health benefits in...
Best Buy to Launch Ikea Mini-Showrooms in Select Stores
Best Buy announced plans to introduce mini-showrooms within some of its stores, featuring Ikea...
JPMorgan Chase Expands with 1,000 New Branches in Seven Years
JPMorgan Chase has opened 1,000 new branches over the past seven years, a number...
Moderna Announces 10% Workforce Reduction Amid Declining Covid Vaccine Sales
Moderna announced plans to reduce its global workforce by about 10% by the end...
China’s Ministry of Commerce Opposes US Export Control on Six Chinese Entities
The Chinese Ministry of Commerce (MOC) has expressed its strong opposition to the United States' recent decision to put six Chinese entities on its...
Zeekr, Geely’s Electric Vehicle Brand, Raises $750 Million in Funding Round
Geely Automobile Holdings, the Chinese automaker, has secured $750 million in funding for its electric vehicle (EV) brand Zeekr. The investment was made by...
China rewriting development blueprint, trade expert says
A senior fellow at the Washington-based Institute for China-America Studies, Sourabh Gupta, recently made a bold claim about China's infrastructure development. He stated that...
China’s Sany Heavy Industry moves closer to Frankfurt listing
China's leading engineering machinery company, Sany Heavy Industry, is moving forward with its plans to list on the Frankfurt Stock Exchange. This could be...
China tightens requirements on classifying banks’ asset risks
China is taking a stricter approach to managing financial risks in its banking sector. Effective July 1, banks must classify all assets, including bonds,...
China’s warming foreign trade boosts global economic recovery
It is a busy period in South China's Guangdong Province. The region, a primary economic hub, is seeing a robust rebound in foreign trade...
