Business

Super Micro Surges Premarket on Strong Outlook, H&R Block Jumps on Earnings

Super Micro Computer shares jumped premarket after raising its outlook, while H&R Block surged on strong earnings and CoreWeave and Coherent posted big mov

US Mortgage Rates Stop Rising, Nudging Homebuyer Demand Back

US mortgage rates eased slightly this week, halting a run of increases and drawing modest homebuyer and refinance demand back into a subdued market.

Eli Lilly Sues Six Companies Over Illegal Sales of Experimental Obesity Drug

Eli Lilly has sued six companies for allegedly selling versions of retatrutide, an experimental obesity drug still under clinical development and unapprove

Tencent Beats Revenue Estimates on Games and AI Ads Despite 26% Stock Slide

Tencent topped revenue expectations on gaming and AI-driven advertising, even as shares fell 26% amid rising AI spending and fierce competition in China.

FlightAware Withdraws Lawsuit Against Kalshi Over Flight-Cancellation Betting Markets

FlightAware has dropped its lawsuit accusing prediction-market platform Kalshi of using its data without authorization to power flight-cancellation betting

Global Luxury Brands Set to Capitalize on China’s Economic Recovery

Luxury brands around the world are eager to tap into China's vast consumer market, as the country's economy is rebounding faster than expected. According...

Experience the Ultimate Tang Dynasty-Inspired Stay at Canopy by Hilton Xi’an Qujiang.

Canopy by Hilton Xi'an Qujiang is a unique and culturally immersive hotel that seamlessly integrates with the local neighborhoods. As part of the "Hilton....

Huawei Plans to Accelerate Digital Transformation with Focus on Connectivity, Cloud Services and Storage

Chinese technology giant Huawei Technologies Co is betting big on the global digital transformation market, which is expected to reach $3.41tn by 2026. The...

Vivo aims to dominate burgeoning foldable smartphone segment with latest releases

Chinese smartphone manufacturer Vivo has launched its latest foldable smartphones, the X Fold 2 and X Flip, as it seeks to expand its presence...

China’s Ministry of Industry and Information Technology unveils plans to develop AI and blockchain capabilities

China's Ministry of Industry and Information Technology announced on Thursday that it will intensify efforts to cultivate strategic emerging industries such as artificial intelligence...

Rongchang District Leads the Way in Boosting China’s Private Economy

As China's private companies play an increasingly important role in the country's economy, local governments have been searching for ways to encourage these companies...

Anhui’s Exports Soar 15.5% YoY to $17.2 Billion in Q1 2023

According to a press briefing on Thursday, Anhui province in East China recorded a foreign trade of 177.26 billion yuan ($25.7 billion) in the...

Chinese Government Criticizes US-China Economic and Security Review Commission Report on E-commerce Platforms

China has expressed deep concerns over the recent allegations made against its e-commerce platforms in a research report by the US-China Economic and Security...

Hainan’s Offshore Duty-Free Sales Soar to $26.8 Billion in 12 Years

Haikou Customs reported on Thursday that Hainan, the island province in South China, has generated a whopping 185 billion yuan ($26.8 billion) in total...

Guangzhou Authorities to Boost Private Businesses with New Legislative Changes

Authorities in Guangzhou, the capital of Guangdong province in southern China, are planning new legislative changes to support and boost private businesses. The aim...

Siasun Robot & Automation showcases latest robots at Hannover Messe

Siasun Robot & Automation Co, a Chinese robot manufacturer, is showcasing its latest robots at the Hannover Messe industrial trade fair in Germany in...

Microsoft Teams localizes its services to meet surging demand in China

Microsoft has launched a localized version of its popular teamwork app Microsoft Teams in China to cater to the surging demand for more efficient...

ABB Cup 2023: A Platform for Interdisciplinary Innovation in China

With China positioning itself for a new era of green and innovation-led growth, Swiss technology company ABB Group has launched the 2023 ABB Cup...

Honeywell Launches New SAF Process Technology and Signs Cooperation Agreements in China

US-based industrial conglomerate, Honeywell, is gearing up to expand its business in the sustainable aviation fuel (SAF) sector in China as the country transitions...

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