Swiss watch group Swatch saw its first half profits plunge due to the luxury market crisis in China and warned Monday the key market was likely to remain difficult throughout the rest of the year.…
Monthly Archives For July 2024
Burberry ousts chief executive; China economic growth disappoints – business live
Live, rolling coverage of business economics and financial markets as FTSE 100 fashion company appoints new boss after ‘disappointing’ losses
China State Media Says US Democracy ‘In Deep Trouble’ After Trump Shooting
Academic Lü Xiang said that it is not hard to imagine further violent incidents occurring because of the “poisonous environment” in America.
China asks WTO to establish expert panel on US electric vehicle subsidies dispute
China has submitted a request to the WTO to set up an expert panel to consider a dispute settlement against new energy vehicle subsides under the U.S. Inflation Reduction Act, China’s commerce …
China’s first all-electric propulsion telecommunication satellite begins operational services
BEIJING, July 15 (Xinhua) — China’s first all-electric propulsion telecommunication satellite officially commenced operational services on Monday following in-orbit and ground system technical review in Hong Kong, according to the China Aerospace Science and Technology…
Huawei has become a symbol of China’s independence from the West
Five years ago, the U.S. took drastic measures against the Chinese tech group Huawei. Instead of the company’s downfall, it marked a new beginning for Chinese tech.
Galaxy CEO Novogratz Reacts On China’s Latest Bitcoin Stance
Galaxy CEO Mike Novogratz has lauded the recent updates on a potential policy shift in China with their cryptocurrency plan, sparking market discussions.
China’s economy falters, raises pressure for more stimulus
China’s economy grew much slower than expected in the second quarter, as a protracted property downturn and job insecurity knocked the wind out of a fragile recovery, keeping alive expectations Beijing will need to unleash…
Swatch sales, profits slump on weak China demand, hammering shares
Swatch Group , the world’s biggest watchmaker, reported a steep drop in first half sales and earnings on Monday as demand for luxury goods in China remained weak, but forecast business would improve …
Swatch Group Profit Plunges 70% on Weak China Demand
Swatch Group AG’s sales and profit plunged amid a China-led slowdown for Swiss watchmakers and other luxury companies.
Swatch Shares Plunge as Profit Falls 70% on China Weakness
Swatch Group AG’s shares fell the most in four years after sales and profit plunged amid a China-led slowdown for Swiss watchmakers and other luxury companies.
Shares of Chinese company that sounds like ‘Trump Wins Big’ rises in Shenzhen after assassination attempt
The company’s name in Mandarin, romanised as “Chuan Da Zhi Sheng” sounds like “Trump wins big”, and sparked renewed bets on the November 5 US election where he is seeking a comeback against incumbent …
Beijing airports see increase of flights
As the summer season progresses, Beijing’s two airports have witnessed a surge in traveler numbers. The Air Traffic Control Department has implemented the summer travel mode to ensure the safe and efficient operation of flights…
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