French spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fall in first quarter sales, caused partly by weakness in China.
Tagged By business
Apple secretly worked with China’s BYD on long-range EV battery
Apple worked with Chinese automaker BYD for years, developing batteries that helped lay the groundwork for tech used today, according to people familiar with the situation.
Soaring Sales Send China EV Stocks Sky-high As US And EU Automakers’ Shares Get Shaky
One sign of the success of China EV companies in their own country and rising success elsewhere is the return it has given investors. For fossil fuel auto manufacturers, the opposite is true. Great …
China Considering Higher Tariffs on Car Imports
China said it may raise tariffs on imported internal-combustion-engine cars with large engines sizes, after the European Union voted to increase import duties on China-made electric vehicles.
Are McKinsey’s 500 job cuts in China a response to legal challenges and market pressures?
In a significant restructuring effort, McKinsey & Co., the prominent US-based consulting firm, is poised to overhaul its operations in China, which includes laying off approximately 500 employees.
How China’s Iran support could spark a Persian Gulf energy war
Washington has to be concerned that Beijing sees an opportunity to deny or at least restrict Middle East energy to others.
China pumps half a trillion dollars into beleaguered property sector. But that’s not enough
Chinese property shares tanked on Thursday, after measures announced by officials to bolster the flagging real estate market were deemed by investors and economists to be too piecemeal.
Japan’s exports fall for first time in 10 months on China, US slowdown
Japan’s exports fell for the first time in 10 months in September, data showed on Thursday, a worry for policymakers as any prolonged weakness in global demand may complicate the central bank’s path …
McKinsey cuts hundreds of jobs in China business, WSJ reports
U.S.-based consulting firm McKinsey is revamping its China business after reducing its government-linked clients and cutting about 500 jobs, which is around a third of its China workforce, the Wall …
General Atlantic Chairman Upbeat On China Outlook Despite Tensions
“I remain optimistic that we can find a constructive path forward that is mutually beneficial for the U.S. and China and supports global growth,” William Ford says …
General Atlantic Chairman Upbeat On China Outlook Despite Tensions
“I remain optimistic that we can find a constructive path forward that is mutually beneficial for the U.S. and China and supports global growth,” William Ford says …
China boosts funds for housing projects to support its embattled sector
In late September, the central bank announced measures including cuts in the minimum down payment ratio to 15 per cent for all buyers …
China boosts funds for housing projects to support embattled sector
BEIJING: China will expand a “white list” of housing projects eligible for financing and increase bank lending for such developments to 4 trillion yuan (US$562 billion), Minister of Housing and …
