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

China’s booming NEV market attracts global luxury carmakers

Luxury carmakers from around the world flocked to the China International Consumer Products Expo, held in Haikou, the capital of China's Hainan province, to...

RCEP Agreement Boosts China’s Manufacturing Sector with More Export Opportunities

Every ten minutes, Guangxi Liugong Machinery Co Ltd adds a brand new wheel loader to the long line of machines ready for export outside...

China must develop its manufacturing sector towards higher-end, intelligent and better value-added products, experts say.

According to experts, China is expected to expand its high-level opening-up and strengthen international economic and trade cooperation to promote the high-quality development of...

FAW Toyota enters China’s electric car market with new bZ3 sedan

FAW Toyota, a joint venture between China's FAW Group and Japan's Toyota, launched its mid-sized electric sedan bZ3 on Sunday. The model is the...

A New Player in Town: GAC Aion Launches Hyper GT, its First Model Under the Hyper Marque

Chinese carmaker GAC Aion has launched presales for the Hyper GT, the first model under its new Hyper marque, in Shanghai ahead of the...

Airbus Strengthens Commitment to Sustainable Aviation with New Hydrogen Research Center in China

Airbus has opened a new research center in Suzhou, Jiangsu province, focusing on the development of hydrogen-powered aircraft. The center will leverage the region's...

China Energy Investment Corp invests $4.08 billion in Q1 2023 to boost clean energy projects

China Energy Investment Corp has achieved its best performance in new energy projects in recent years during the first quarter of 2023, with 1.6...

Xiaomi Denies Being an “International Sponsor of War” After Being Placed on Ukrainian List

Chinese multinational electronics company, Xiaomi Corp, has expressed strong opposition to the Ukrainian government's decision to include it on its list of "international sponsors...

Alibaba Joins the AI Chatbot Race with Its New Large Language Model Tongyi Qianwen

Alibaba Group Holding Ltd has launched its own large language model, Tongyi Qianwen, which it plans to integrate into all of its applicable businesses....

AIBANK Transforms Banking Industry with Innovative 3D Digital Outlet

AIBANK, a Beijing-based virtual bank, has launched a 3D digital banking outlet to increase user activity and acquire new customers. According to AIBANK's strategy...

TCL to increase focus on photovoltaics in Brazil

Chinese electronics giant TCL Technology Group Corp is set to increase investment in Brazil and expand its local operations, focusing on home appliances and...

Didi Global Partners with New Energy Vehicle Firms to Mass-Produce Unmanned Ride-Hailing Vehicles

Chinese ride-hailing giant Didi Global Inc has announced its plans to partner with new energy vehicle companies to mass-produce unmanned vehicles for ride-hailing services....

Chinese logistics giant Cainiao partners with Brazil Post for improved efficiency and competitiveness

Cainiao Network, the logistics arm of Chinese tech giant Alibaba Group, has announced a strategic partnership with Brazil Post, the national postal service of...

China’s Cultural and Tourism Sectors to Receive Boost from New Campaign

China's Ministry of Culture and Tourism has announced a new campaign to boost consumption in the country's cultural and tourism sectors. Running until the...

- A word from our sponsors -

spot_img

Follow us

HomeBusiness