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LONDON – Phoebe Philo is fast-tracking retail expansion in China this September by signing with five prominent local retailers: B1ock, Lane Crawford, SND, Dongliang, and Dover Street…
BMW said on Thursday (Jul 31) its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling sales in key market China and US tariffs. Net…
A recent report from Euromonitor International has identified “recession glam” as one of the latest trends that will reshape Asia‘s beauty and health market. “With inflation front of mind,…
China raised concerns over potential security risks in Nvidia’s H20 artificial intelligence chip, casting uncertainty over the US company’s sales prospects in China weeks after a US export…
Samsung Electronics reported on Thursday a 55 per cent drop in second-quarter operating profit as delays in high-bandwidth memory chip shipments and US export curbs on advanced…
China’s top leaders have pledged to help companies slammed by higher U.S. tariffs but held back on major moves after trade talks with the U.S. this week kept businesses and planners in…
What is the future of cars? For one thing, after substantial government support and poaching of top Western talent, China’s car industry is about to dominate globally with charging rates,…
Premium German carmaker Mercedes-Benz said Wednesday (Jul 30) its second-quarter profit plunged nearly 70 per cent due to US tariffs and weak sales in China, prompting it to lower its…
South Korea’s LG Energy Solution (LGES) has signed a US$4.3 billion deal to supply Tesla with energy storage system batteries, said a source familiar with the matter, as the US company…
HSBC Holdings reported a 26 per cent slide in first-half pretax profit on Wednesday (Jul 30), missing analyst estimates, as impairments from its investment in China’s Bank of…
Global shares were mixed Tuesday at the outset of a second day of trade talks between Chinese and U.S. officials. France’s CAC 40 jumped 1.1% in early trading to 7,887.57, while the German…
Drugmaker Merck on Tuesday (Jul 29) announced job and cost cuts it said will save US$3 billion a year as it posted lower second-quarter results due to continuing weak demand for its…
Apple is closing a retail store in China for the first time, marking a notable retreat in a market where the iPhone maker is striving to revive sales. The company said on Monday (Jul 28)…
Bitmain Technologies, the world’s largest manufacturer of crypto mining hardware, plans to open its first US facility in the coming months, a strategic pivot riding the “Made in America”…
Pomellato has named Roy Wang, a Gen Z C-pop idol, its latest global brand ambassador. The 24-year-old pop star, who made his debut as a member of the Chinese boy band TFboys, counts more…
China’s weekend box office continued to be driven by local-language releases, with four out of the top five titles produced locally. “Dead to Rights” (China Film) opened at No. 1 with…
China’s BYD is forging ahead with its attempts to expand in India despite roadblocks from the government that are preventing the electric vehicle maker from conducting key business…
Protracted negotiations with the European Commission have come to an end, with Washington reaching a trade truce with the European Union on Sunday. The 27-member trade bloc will face 15…
Oil prices eased on Friday (Jul 25) and settled at a three-week low as traders worried about negative economic news from the US and China and signs of growing supply. Losses were limited…
On November 2, 2022, I attended a Google AI event in New York City. One of the themes was responsible AI. As I listened to executives talk about how they aligned their technology with…
Tech firms huge and small will converge in Shanghai this weekend to showcase their artificial intelligence innovations and support China’s booming AI sector as it faces US sanctions.…
Chinese real estate investment trusts, or C-Reits, have outpaced some of their regional peers, including Singapore’s, in the first half of this year. The performance of C-Reits this year…
Xiong Jianping succeeds outgoing chief Tao Junjie, who has been at the helm for nearly four years Water environmental management company China Everbright Water has appointed Xiong…
Nvidia’s advanced artificial intelligence chips worth at least US$1 billion were smuggled to China in the three months after Washington tightened chip export controls, the…
