Tag: China
Shares of Chinese developer Evergrande plunged as much as 87 percent
Shares in struggling Chinese property developer China Evergrande Group plunged as much as 87 percent on the Hong Kong stock exchange today. The Hong...
Huawei is building a secret network of semiconductor manufacturing plants in...
Chinese technology company Huawei is building a secret network of semiconductor manufacturing facilities across China. It wants to circumvent US sanctions. According to Bloomberg,...
China unexpectedly cut some lending rates to boost the economy
China's central bank unexpectedly cut interest rates on medium-term and short-term loans today, the second time in three months that it has cut interest...
There may be a problem with Twitter’s new logo, Microsoft has...
Billionaire Elon Musk's decision to rename Twitter to X may be legally complicated. Other companies, including Microsoft and Meta Platforms, have intellectual property rights to...
Goldman Sachs: India may overtake the US economy in addition to China...
By 2075, the United States could drop to third place in the ranking of the world's largest economies. In addition to China, India could also...
Samsung’s second quarter operating profit down 96 percent
Operating profit at South Korea's Samsung Electronics fell 96 percent in the second quarter from a year earlier to 600 billion won. The company announced...
Bloomberg: Interest in solar panels limits silver supply
Changes in solar panel technology are increasing the demand for silver. This could further widen the deficit in the supply of the metal on the...
Tesla delivers record number of cars in the quarter thanks to...
US electric car manufacturer Tesla delivered a record number of cars in the second quarter. Sales were boosted by price cuts in the United...
Nike beat estimates with revenue growth, but margins remain under pressure
American sportswear and footwear manufacturer Nike increased revenue by five percent to $12.8 billion (CZK 279 billion) in the fourth financial quarter, beating analysts'...
Study: people’s wealth worldwide declined for the first time since 2008
People's wealth worldwide has declined for the first time since the 2008 financial crisis. The fall in exchange rates following the outbreak of the...
