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

Schindler’s Revenue Increased in 2022, Anticipates Growth in China in 2023

Swiss elevator manufacturer Schindler is optimistic about its business outlook for 2023 due to the predicted recovery of the Chinese economy. In an interview...

Prominent Bank of China Chairman Liu Liange Resigns

Bank of China, a prominent State-owned commercial lender, announced on Sunday that Liu Liange had tendered his resignation as chairman and executive director of...

China Takes the Lead in Global Autonomous Vehicle Race with Approval of Driverless Rides

On Friday, Beijing gave the green light for autonomous driving services to operate without in-car safety supervisors for the first time. This marks a...

SAIC Motor’s subsidiary Anji leads Chinese auto exports, shipping 600,000 vehicles globally

Anji, a logistics subsidiary of SAIC Motor, recently dispatched its Ro-Ro cargo vessel, Phoenix, loaded with around 1,000 MG vehicles, from Ningde, a city...

BMW leads industry transformation with aggressive electrification plan

German automaker BMW is pushing forward with an ambitious electrification plan to lead the industry transformation, despite the challenging international market environment in 2022....

Audi’s transition to electric vehicles: CEO discusses plans for the future

Audi is currently in a state of transition as it aims to establish a strong presence in the electric vehicle market, just as it...

China Mobile Leads Efforts to Boost Digital and Real Economies Integration

China Mobile has played a key role in driving the integration of digital and real economies across China by constructing infrastructure and building service...

Guiyang aims to become China’s national computing power and algorithm supporting base

Guiyang, the capital city of Guizhou province in Southwest China, is positioning itself as a national computing power and algorithm supporting base. The city...

Chinese construction companies bring digital and green technology to ConExpo 2023

More than 170 Chinese companies have showcased their latest digital, green and intelligent construction technologies at one of the world's largest trade shows for...

Infineon Targets Low Carbon and Digitalization Opportunities in China

Infineon Technologies AG, the German chipmaker, is targeting the opportunities presented by low carbon and digitalization in China. According to David Poon, president of...

Huawei Replaces 13,000 Components Affected by US Restrictions in Past Three Years

Huawei Technologies Co founder, Ren Zhengfei, recently revealed that the company has replaced over 13,000 components affected by US government restrictions with parts developed...

China’s Ministry of Finance Cracks Down on Financial Risk With Fines for Deloitte and Huarong

China's Ministry of Finance has imposed fines on Deloitte & Touche and China Huarong Asset Management Co for lapses in internal governance and risk...

China International Seed Expo Showcases Cutting-Edge Technology and Innovation

An international seed expo opened on Saturday in North China's Tianjin municipality, with the aim of promoting technological innovation in the seed industry. The...

China’s light industry sees steady growth in 2022, says National Development and Reform Commission data

China's light industry sector achieved steady growth in 2022, according to data from the National Development and Reform Commission. Major enterprises in the sector...

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