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 reaffirms commitment to expanding opening-up policy for multinational companies like Qualcomm

China is continuing its efforts to expand its opening-up policy and offer a world-class business environment for multinational enterprises such as Qualcomm that operate...

China and UAE strengthen industrial cooperation with bilateral agreements at JOCIC’s exhibition in Abu Dhabi

The first Chinese Industrial Products Exhibition hosted by Jiangsu Overseas Cooperation and Investment Company (JOCIC) in Abu Dhabi on March 7 attracted over 500...

Dassault Systemes bullish on China’s economic rebound, plans to expand its presence in the market

French industrial software company, Dassault Systemes, is optimistic about the steady economic rebound in China and plans to expand its presence in the market....

China Unicom to Spin Off IoT Subsidiary CUSC and List on Shanghai’s STAR Market

China Unicom, a Chinese state-owned telecommunications company, announced on March 8 that it would be spinning off its subsidiary, China Unicom Smart Connection (CUSC),...

Chinese Lawmakers and Advisers Push for Development of Semiconductor Industry

China's bid to become a world leader in chip manufacturing and navigate US restrictions has garnered attention from lawmakers and political advisers at this...

Industry Experts: China to Promote Clean and Efficient Use of Coal Amid Green Transition

Industry experts say that China will continue to promote the clean and efficient use of coal while advancing technological research and development to ensure...

Chinese Airlines Urge Government for Support in Resuming International Flights

Members of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) have expressed that domestic carriers are looking to increase the...

China’s Ministry of Natural Resources Releases Guideline for Intelligent-Vehicle Basic Maps

China's Ministry of Natural Resources has taken another significant step towards realizing the country's ambitious goals of developing intelligent-vehicle technology. The Ministry recently released...

JAC reports 41.57% YoY increase in February sales, with 15,700 vehicles exported

Anhui Jianghuai Automobile Group Co Ltd (JAC), one of the leading Chinese automakers, has reported a significant increase in sales for the month of...

U Power Teams Up with fblife.com to Create Customized Vehicles and Experiences

A Chinese startup named U Power made a groundbreaking announcement on Tuesday, unveiling the country's first-ever skateboard chassis-by-wire that is ready for mass production....

Shanghai Gold Exchange Denies Report of Perth Mint Selling Diluted Gold to China

In recent news, the Shanghai Gold Exchange (SGE) and the Perth Mint have found themselves embroiled in a he-said-she-said situation regarding allegations that the...

China’s Tea Exports Maintain Steady Growth in 2022 Despite Pandemic

According to the latest data from the General Administration of Customs, China's tea exports experienced steady growth in 2022, showcasing the country's continued dominance...

Aion’s Y Younger: The Newest and Most Affordable Addition to the Popular Y Family

Aion, the popular Chinese electric carmaker, has unveiled its latest and most affordable addition to the Y family, the Y Younger. Sporting a sleek...

China expresses willingness to engage in dialogue with US Secretary of Commerce

In typical fashion, China has responded positively to US Secretary of Commerce Gina Raimondo's expressed interest in visiting the country. The Ministry of Commerce...

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