Tag: China
Chinese industry and retail confirm that the economic recovery is stalling
May data from Chinese industry and retail trade confirm that the economic recovery is stalling. The data did increase, but from last year's low...
China’s economic recovery surprisingly slows down
China's economic recovery is surprisingly slowing. The purchasing managers' index fell for the second consecutive month and the services producer index is also weakening....
China has overtaken Japan as the world’s largest car exporter
China has overtaken Japan as the world's largest car exporter. In the first quarter, China exported 1.07 million cars, up 58 percent year-on-year, according...
China’s Geely to become Aston Martin’s third-largest shareholder
China's Geely Automobile Holdings Ltd has committed to invest 234 million pounds (6.4 billion kronor) in British luxury carmaker Aston Martin Lagonda, becoming its...
IEA: Oil price decline does not match supply shortage outlook
The weeks-long decline in global oil prices on fears of a possible recession is inconsistent with the prospect of tight supply and strong demand...
International Energy Agency: One in five cars sold this year will...
Around one in five cars sold this year will be electric globally. In a forecast published today, the International Energy Agency (IEA) estimates that...
Twitter and TikTok in trouble
Social networks are going through a challenging time. The Chinese platform TikTok was recently sued, as was Elon Musk with his Twitter, for cancelling...
The World bank improved its forecast
The World Bank has revised its global growth outlook for 2023 to 2 percent from 1.7 percent in January. Today, as the annual spring meeting...
IMF: Sino-US tensions could cost the world economy two percent of...
Sino-US tensions could weaken the global economy by two percent of gross domestic product (GDP), the International Monetary Fund (IMF) said in a report...
L’Oréal to buy Australian cosmetics brand Aesop
French cosmetics firm L'Oréal will buy Australian cosmetics brand Aesop from Brazil's Natura & Co for $2.5 billion (CZK 53.7 billion). L'Oréal will strengthen its...
