-6.1 C
Beijing
Wednesday, January 28, 2026

UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Tesla stock in focus ahead of results as Wall Street debates growth vs profitability

Tesla is set for a key earnings test as investors watch margins, demand and pricing strategy, with the results expected to influence sentiment across the EV and tech markets.

Chinese President Urges Search and Rescue Efforts After Coal Mine Collapse

UncategorizedChinese President Urges Search and Rescue Efforts After Coal Mine Collapse

President Xi Jinping has issued instructions following the collapse of a coal mine in Alshaa League, Inner Mongolia autonomous region. He has urged authorities to prioritize search and rescue efforts for the missing and treatment of the injured, as well as ensure the safety of people’s lives and property while maintaining overall social stability.

Local authorities reported on Wednesday that a vast portion of an outdoor opencast mine in Alshaa Left Banner had collapsed, burying workers and vehicles. Two workers died, and around 50 people are missing. According to the emergency management authority in the league, a preliminary investigation has shown that more than 50 people are trapped under the mine.

In response, the Inner Mongolian branch of the National Mine Safety Administration has initiated a first-level accident rescue initiative. Eight rescue teams have been deployed, comprising 334 people, 129 vehicles for rescue, and nine safety production experts. According to the publicity bureau of Alshaa League, eight trapped individuals have been saved, two of whom were found to have no vital signs, while the remaining six were taken to the hospital for treatment.

The incident highlights the dangers of mining, which remains a critical industry in China. While the country has made significant strides in improving mine safety, accidents still occur. In 2020, the number of coal mine accidents decreased to 50, a 31.8% decrease from the previous year. However, experts have noted that the drop may be due to the impact of the COVID-19 pandemic on the mining industry rather than improvements in safety measures.

President Xi’s response underscores the importance of prioritizing the safety of Chinese workers and people, especially in high-risk industries like mining. The authorities must continue to take steps to improve safety measures and prevent such incidents from occurring in the future.

Read More:

Check out our other content

Check out other tags:

Most Popular Articles