Many factories have been forced to shut at a time when businesses are already scrambling to keep up with soaring costs of everything from labour to raw materials.
Tagged By business
China, supply chain issues hurt Beiersdorf adhesives unit’s outlook
Beiersdorf , the maker of Nivea skin care products and Tesa glue, cut the forecast for full-year sales at its adhesives unit on Thursday due to extensive lockdowns in China and ongoing supply chain …
China’s Full Truck Alliance pauses $1 billion Hong Kong listing – sources
Plans by Full Truck Alliance Co Ltd, China’s ‘Uber for trucks’, to raise $1 billion in a Hong Kong listing this year have been paused as a Chinese cybersecurity regulator has yet to announce findings…
COLUMN-Europe draws more LNG from Asia as China imports slump: Russell
Europe is attracting a greater share of liquefied natural gas (LNG) cargoes, taking volumes from top-importing Asia, amid ongoing concern about the security of pipeline supplies from Russia. While …
Chinese tech firm’s 890 per cent debut on Nasdaq underlines appetite for Chinese IPOs amid efforts to defuse audit, delisting tensions
Ostin Technology, a maker of display modules, gained 892 per cent to US$39.66 on Nasdaq, raising US$13.5 million Despite the auspicious debut and positive signs in the discussions between the US and …
China lockdowns cost U.S. firms
Companies from Microsoft to Texas Instruments that long benefited from supply chains that run through China are now paying a price for the country’s sweeping lockdowns that have confined millions to …
Europe draws more LNG from Asia as China imports slump: Russell
While it’s not much of a shock that Europe is seeking to maximize LNG imports, what is perhaps surprising is that the country taking substantially less LNG than usual is China, …
Sinopec incurs $244 mln loss on Q1 LNG imports – company exec
China’s Sinopec Corp incurred a loss of 1.6 billion yuan ($243.58 million) on its LNG imports in the first quarter due to high import costs, a company executive said on an earnings call on Thursday.
Laura Ingraham Blasts 19 GOP Senators ‘Willing to Sell Out the American People to China’ by Voting to Ease Tariffs
Laura Ingraham ripped Republican senators who support easing tariffs on Chinese imports. The Fox News host cited a POLITICO report that stated several Senate Republicans seem poised to support an …
Removal of import duty on cotton is a ‘late’ relief; now stop free flow of raw materials to China, Bangladesh, says stakeholders
Had the duty been abolished at least a few months ago, several export orders could have been saved, claim traders.
New business models flourish in China’s rural areas
New business models are flourishing in China’s rural areas as millions of people return to their hometowns for business creation. An industrial park in Changxing County has nearly 50,000 Hu sheep, a …
Sinopec Incurs $244 Million Loss on Q1 LNG Imports – Company Exec
China’s Sinopec Corp incurred a loss of 1.6 billion yuan ($243.58 million) on its LNG imports in the first quarter due to high import costs, a company executive said on an earnings call on Thursday.
Honor sees gains as China smartphone sales drop 14% on year in Q1
Former Huawei unit Honor posted the fastest growth in China’s smartphone market in the first quarter, even as overall handset sales fell 14 per cent year-on-year to levels close to those seen in the …
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