Business

Cisco Stock Drops Despite Earnings and Revenue Beat on Wall Street

Cisco shares fell after hours despite beating Wall Street estimates on earnings and revenue, as investors focus on AI-driven networking demand and guidance

Total Solar Eclipse Sweeps Europe and Arctic, Sending Hotel Prices Past $1,000

A rare total solar eclipse crossed Europe, Iceland and the Arctic on August 12, drawing millions and pushing some hotel prices above $1,000 a night.

US Inflation Eases to 3.4% in July Despite Energy Price Shocks

US consumer inflation slowed to 3.4% in July 2026 despite energy price shocks, though costs for essentials remain elevated as the Fed weighs its next move.

Bob Iger, Josh Kushner Buy Los Angeles Lakers in Record $12.5 Billion Deal

Bob Iger and Josh Kushner are buying the Los Angeles Lakers for a record $12.5 billion, pending NBA board approval, in the second sale within a year.

Wendy’s Stock Surges 12% on Nelson Peltz Take-Private Bid

Wendy's shares jumped 12% after a report that Nelson Peltz's Trian Fund Management is preparing an offer to take the burger chain private.

Chinese Tech Firms Deploy 5G Networks to Boost Efficiency and Safety in Coal Mines

Chinese tech firms are working to enhance the safety and efficiency of subterranean coal mines, which have traditionally faced challenges with internet connectivity. For...

China Mobile’s Yang Jie proposes green development for data centers

As China continues to digitize, data centers are becoming increasingly essential for processing, storing, and forwarding information. However, with the rising energy consumption and...

Chinese Private Enterprises Confident About Economic Recovery with Government Support

In a recent statement during the two sessions in China, Qi Xiangdong, a member of the 14th National Committee of the Chinese People's Political...

Guizhou Province to Build Over 30,000 5G Base Stations in 2023, Cementing its Position as China’s Big Data Hub

Southwest China's Guizhou province has emerged as a major big data hub in China, thanks to its relentless pursuit of innovation and cutting-edge technology....

Chinese EV makers expand their global reach, targeting new markets

Chinese electric vehicle (EV) makers are increasing their global presence as more countries shift towards electrification. One such country is Jordan, where hundreds of...

Great Wall Motors’ Electric Brand Ora Introduces Upgraded Good Cat Model with Extended Range

Ora, the electric brand of Great Wall Motors, has recently unveiled the 2023 version of its retro-inspired Good Cat model, which boasts an array...

Nio aims to double 2023 sales figures, hopes to be profitable by Q4

China's leading electric carmaker Nio is anticipating a significant increase in sales for 2023, with expectations of doubling figures from the previous year. This...

Tesla Engineers Reveal Plans to Cut Assembly Costs in Half for Future Vehicles

Tesla is looking to drastically reduce assembly costs for its next-generation vehicles, according to engineers who spoke at the company's recent investor meeting. Lars...

GAC Honda Unveils Integra Hatchback in China: A New Model for the Younger Generation

GAC Honda, the joint venture between Honda Motor Company and China's Guangzhou Automobile Group, recently launched its new offering, the Integra Hatchback, in Guangzhou,...

Premier Li Keqiang outlines China’s focus on self-sufficiency in science and technology

In a speech delivered on Sunday, Premier Li Keqiang announced that China will continue its efforts to become self-reliant in science and technology. This...

Budweiser China promotes road safety awareness with traffic police general brigade

Budweiser China, a unit of Budweiser Brewing Co APAC Ltd, has partnered with the traffic police general brigade of Shanghai Municipal Public Security Bureau...

Chinese Ministry of Commerce slams US export control list as an act of economic bullying

The Chinese government has condemned the United States' actions to place multiple Chinese entities on an export control list. The move has been described...

China opens new cargo consolidation hub for China-Europe freight trains

A new cargo consolidation hub has been inaugurated in Shenyang, the capital of Liaoning province in Northeast China. The China Railway Express (Shenyang) Hub...

China’s Foreign Trade Shows Strong Resilience Despite Unfriendly Environment

Many people are concerned about the state of the global market and believe that demand is declining sharply. However, this assessment may not necessarily...

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