Tag: china
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BMW stock slumps to 5-year low as Iran war and China slowdown spark profit warning
BMW blamed a slowdown in its Chinese market, as well as disruption from the Iran war, as two reasons for the slashed guidance.
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Cambodia scam centre leader extradited to China
Liu Ren established the Jin Bei Group in Cambodia in 2016, with the company operating “telecom fraud parks” in the country and committing “large-scale telecom and online fraud involving massive sums of money”.
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Lululemon apologises for featuring Japanese Taiko drum during promotional event in China
The event, held at the Great Wall in May, was meant to pay tribute to Chinese culture – but has been harshly criticised for “stirring up historical memories” at a site with “massive symbolic meaning”.
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China pushes for AI safety as G7 summit wraps up without Beijing
China included artificial intelligence in its global governance whitepaper published Wednesday, and said Beijing was speeding up cooperation efforts.
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China securities regulator warns against speculating on ‘tech hype’ and using AI for stock picking
China’s top securities regulator warned that authorities will crack down on market behavior that rides the coattails of technology themes to hype stock prices.
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G7 summit: Leaders commit to ‘unwavering support’ for Ukraine
The third and final day of the G7 summit in Évian, France, is underway. Last night, the leaders issued a joint declaration reiterating their “unwavering support for Ukraine in defending its freedom, sovereignty, and territorial integrity.” #EuropeNews
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G7 summit: US will bomb Iran again ‘if they don’t behave’, Trump says
The third and final day of the G7 summit in Évian, France, is underway. Unfair Chinese competition and artificial intelligence top the agenda. #EuropeNews
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China wants to trade data across borders as AI fuels demand. Southeast Asia is a key focus
China has established mostly domestic data exchanges as it seeks to bolster the digital economy. A recent partnership is putting its regional ambitions into focus, even as the nascent sector faces questions over ownership, valuation and governance.
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Yum Brands CEO lays out the benefits of selling Pizza Hut
Yum Brands CEO Chris Turner said selling Pizza Hut will allow the company to focus more heavily on Taco Bell and KFC.
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One dead, four injured after magnitude 6.3 earthquake in China’s Qinghai
BEIJING: A magnitude 6.3 earthquake hit the northwestern Chinese province of Qinghai on Tuesday (Jun 16), killing at least one person and injuring four others, state media reported, citing emergency authorities.The quake struck a high-altitude area in the prefecture of Haixi in Qinghai with a dep
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