Business

Telstra CEO Vicki Brady Gets $700,000 Pay Rise Despite Nationwide Outage

Telstra awarded CEO Vicki Brady A$6.8m for the year, a A$700,000 rise, even after docking her bonus over a nationwide network outage in July.

Yen Weakens Again After Intervention Fades, But Japan Retains $1 Trillion Firepower

The yen is sliding again weeks after intervention faded, but Japan's roughly $1 trillion in reserves leaves room for further yen-buying, Goldman Sachs says

Oman Oil Spill Reaches Coast as Tanker Attacks Push Crude Higher

An oil spill from a stricken tanker has reached up to 40km of Oman's coast as fresh attacks on Gulf shipping push crude prices higher.

YMTC Breaks Into Global Top 3 NAND Suppliers With 14% Share

Yangtze Memory Technologies captured 14% of global NAND flash bit shipments in Q2, entering the world's top three suppliers for the first time.

Lenovo Profit Beats Estimates as AI Servers Drive 43% Revenue Jump

Lenovo Group posted a 43% surge in quarterly revenue and stronger-than-expected profit, driven by booming demand for AI computers, servers and services.

China’s manufacturing and services sectors show widespread improvement in February

China's economic activity, spanning both the manufacturing and services sectors, expanded for the second consecutive month in February, providing the latest glimpse into the...

China’s Economic Growth Potential Continues to Expand with New High-Tech Projects Underway

Dozens of mechanical arms move along a production line while busy robots carrying components weave about in a science and technology park in North...

Mobile Payments on the Rise as Hong Kong and Macao Residents Open 235,000 Accounts at Mainland Chinese Banks

As the world becomes increasingly interconnected, more and more people are looking for convenient ways to manage their finances across different regions. In Hong...

Hong Kong Chief Executive urges NPC deputies to boost city’s integration into China’s development

Hong Kong Chief Executive John Lee Ka-chiu is placing high hopes on the city's 36 deputies sitting in the National People's Congress (NPC), the...

Innovative Approach Developed by Chinese Researchers to Control Waste Transfer Station Odor

Waste transfer stations are essential facilities for managing waste before it is sent to landfills or recycling facilities. However, they often generate a strong...

MOSS, China’s answer to ChatGPT, to be made open source by end of March

Wandering Earth II, MOSS has the potential to revolutionize the development of large-scale language models in China. MOSS is similar to the ChatGPT software...

Chinese Astronauts Install Self-Developed Two-Photon Microscope on Space Station, Capture 3D Skin Cell Images

Chinese astronauts aboard the Shenzhou-15 crew have accomplished a groundbreaking feat, capturing three-dimensional structural images of their skin cells with China's self-developed two-photon microscope...

China’s GDP reaches $17.44 trillion, making it the world’s second-largest economy

China's economy remains strong despite facing pressures and challenges from a gloomy global outlook, slowing external demand, and a weak property sector. According to...

Macao businesses set to receive boost from new measures in Guangdong-Macao In-Depth Cooperation Zone

The Guangdong-Macao In-Depth Cooperation Zone in Hengqin has issued new measures to support the development of Macao-invested companies in the zone. The updated measures...

Tibet autonomous region implements new regulation to boost small and medium-size enterprises

According to the Department of Economy and Information Technology of the Tibet autonomous region, the region will implement a new regulation on promoting the...

China’s Canton Fair Returns With Expansion, Featuring Industrial Automation and Intelligent Manufacturing

After three years of the COVID-19 pandemic, the China Import and Export Fair, widely known as the Canton Fair, is set to resume physical...

Agilent Technologies’ Shanghai Manufacturing Center Reaches Laboratories in 110 Countries and Regions Worldwide

According to executives of Agilent Technologies Inc, a US-based company engaged in life sciences, diagnostics, and applied chemicals, products from Agilent Technologies (Shanghai) Co...

China’s State-Owned Enterprises Poised to Expand Globally in 2023, Experts Say

According to experts and business executives, China's State-owned enterprises (SOEs) are expected to increase their revenue and expand their global market presence this year...

Walmart China’s Fourth Quarter Growth Sparks Recovery of Consumer Goods and Retail Sectors

Industry insiders have pointed to Walmart China's strong fourth-quarter growth as a sign of a steady recovery for the fast-moving consumer goods and retail...

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