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2023年3月6日小编

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Elon Musk Bought a Texas Compound for His 11 Kids and Their Mothers

As the billionaire warns of population collapse and the moral obligation to have children, he’s navigating his own complicated family.

Can US achieve solar self-reliance, and will presidential election make a difference?

As US and China battle to secure their energy futures, some predict technology breakthroughs will help level the playing field.

Alphabet Revenue Jumps 15% to $88.3 Billion

The tech giant’s 34 percent increase in quarterly profit topped Wall Street expectations, driven by its advertising and cloud businesses.

Chipotle misses revenue estimates as same-store sales growth disappoints

Chipotle's same-store sales rose 6% in the third quarter, just missing Wall Street's expectations.

HSBC profits jump as bank set for major shakeup

Pre-tax profits rose to $8.5bn in the three months to the end of September, beating analysts' expectations.

Trump Media Stock Jumps Again as Traders Bet on Election

Shares of the Truth Social parent company continue to soar, pushing the market value of the firm above $10 billion.

Minimum wage to rise to £12.21 an hour next year

The National Living Wage will rise by 77p from £11.44 per hour for workers over the age of 21.

Adidas ends 'fight' with Kanye West over antisemitism

The two collaborated on the Yeezy collection but cut ties due to the rapper's controversial comments.

Here’s Why Blood Manor, a Haunted House in NYC, Costs $45

It’s not as if Blood Manor can just transform into an office after Halloween.

McDonald's executives say E. coli outbreak is 'behind us'

The outbreak isn't expected to have a material impact on McDonald's business, CFO Ian Borden said.

TSMC Chips Ended Up in Devices Made by China’s Huawei Despite U.S. Controls

The U.S. government has tried to keep Chinese companies from obtaining certain advanced technologies, but concerns have been growing that some products may have been routed to Huawei.

Budget: 'I can't afford to leave home on £1,500 a month'

People tell the BBC how much they earn and what they want from the Budget.

How much will the minimum wage rise by?

Ministers have announced bigger-than-expected increases to the National Minimum Wage and National Living Wage.

When is the Budget and what might be in it?

Chancellor Rachel Reeves will set out the government's financial plans for the next year.

CNN Bans Ryan Girdusky After ‘Beeper’ Remark to Mehdi Hasan

After Mr. Hasan voiced support for Palestinians, the CNN guest, Ryan James Girdusky, said, “I hope your beeper doesn’t go off.”

Pfizer tops earnings estimates, hikes full-year guidance as Covid products help sales

It is a critical quarterly report for Pfizer, which is grappling with activist pressure from Starboard Value.

Airline Rule Requiring Automatic Refunds for Significant Flight Disruptions Goes Into Effect

The Transportation Department’s new rule also sets the definition for what constitutes a “significant” delay in air travel.

Harris vs. Trump: Auto insiders weigh in on both candidates, top issues

Auto executives and lobbyists told CNBC they're ready for all election outcomes and EVs, trade, tariffs, China, emissions regulations and labor are top issues.

McDonald's Quarter Pounder burgers to return to restaurants affected by E. coli outbreak

The Colorado Department of Agriculture's testing did not detect E. coli in samples of the beef patties taken from McDonald's restaurants in the area.

Can Harris’s Economic Plans Sway Small Business Owners to Vote Democratic?

Kamala Harris has leaned in with promises to aid start-ups, but proprietors are often more focused on taxes and regulations.

G.M.’s Electric Vehicle Sales Surge as Ford Loses Billions

Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.

Gatorade signs Duke basketball's Cooper Flagg to NIL deal

Flagg is one of many players capitalizing on their NIL opportunities in this new era of college sports.

How Elon Musk Might Use His Pull With Trump to Help Tesla

Although Donald Trump has opposed policies that favor electric cars, if he becomes president he could ease regulatory scrutiny of Tesla or protect lucrative credits and subsidies.

Help! Budget Charged Us $450 to Clean Our Rental Car. Can They Do That?

Sure, there were footprints and some dirt, but days after a family from Ireland returned a car to Kennedy Airport, they were hit with the maximum cleaning fee.

China eager to resolve EU’s ‘divide and conquer’ tactics during EV talks: analysts

China and the European Union are set to continue talks next month over tariffs on Chinese-made electric vehicles.

McDonald’s Seeks to Resolve E. Coli Crisis and Return Focus to Value

The fast-food giant’s earnings results did not reflect the potential fallout from an E. coli outbreak that the company said it moved quickly to contain.

No, poll workers aren’t handing out Sharpies to invalidate ballots.

The writing utensils figured prominently in conspiracy theories in previous elections. But they’re often fine to use on paper ballots.

Xi Jinping urges Chinese officials to make all-out effort to hit annual growth targets

Beijing has already unveiled a series of stimulus measures, with more expected amid a final push to reach this year’s ‘around 5 per cent’ target.

McDonald's apologises for E. coli outbreak as sales slide

Boss Chris Kempczinski says sorry for the outbreak as the burger giant faces flagging sales.

McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms

Shares of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak.

BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas

The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principal aim” was increasing earnings.

More than 1,000 Ford workers to strike over pay

Workers are also unhappy about changes to their contracts.

Lucid has high expectations for new Gravity SUV as customer orders set to open

The Gravity is Lucid's second vehicle following the Air sedan, which the luxury EV manufacturer has been selling in small numbers since late 2021.

‘Trump victory’ meme stock surges in China as buzzwords outweigh fundamentals

‘It’s fair to say that China’s stock market still lacks maturity, and investors often act irrationally,’ think tank researcher says.

How Trump’s Business Could Create New Conflicts If He Is Re-Elected

With business ties to foreign governments and holdings in industries overseen by federal regulators, Donald Trump would likely be the most conflicted president in U.S. history.

Jeff Bezos, Jay Powell, Serena Williams and More Will Speak at the DealBook Summit

The conference on Dec. 4 will bring together the biggest names in business, politics and culture.

Euston allows early boarding to curb station rushes

Network Rail will advertise platforms earlier on some services at the central London station.

TikTok founder becomes China's richest man

Zhang Yiming's fortune has leapt to almost $50bn, according to a newly published rich list.

China sharpens edge in global trade with zero-tariff deal for developing world

With all tariffs for ‘least developed countries’ scheduled to be removed, China is positioning itself as a trade leader for the Global South.

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's third-quarter expectations

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's Q3 expectations

Rocket builder Firefly’s new CEO is working ‘maniacally’ to scale launches, spacecraft and moon missions

Jason Kim, CEO of Firefly Aerospace, says he is "going to work maniacally" to scale the company's efforts , which ranges from rockets launches to moon landings.

China eyes ‘birth-friendly society’ with population stimulus next on the agenda

Subsidies and tax cuts are set to be rolled out as part of efforts to build a ‘birth-friendly society’ amid China’s looming demographic crisis.

Hurun Rich List: China’s wealthiest lose money from slowing economy and market slides

The collective wealth of China’s wealthiest people slumped 10 per cent from a year earlier to US$2.97 trillion.

Teashop 'forced to close' by VAT rules

Small businesses say they deliberately avoid earning too much, to stop becoming liable for the sales tax and losing money.

Boeing Will Sell $19 Billion in Stock Amid Costly Strike

The aerospace company, locked in a standoff with striking workers, is seeking to shore up its balance sheet and avoid a credit rating downgrade.

How Russia, China and Iran Are Interfering in the Presidential Election

Eight years after Russia interfered in the 2016 presidential election, foreign influence with American voters has grown more sophisticated. That could have outsize consequences in the 2024 race.

For the First Time in 87-Year History, Volkswagen May Close Factories

The auto maker’s top employee representative told workers that management planned to shutter three factories in Germany to cut costs amid slumping sales.

JP Morgan sues customers over viral TikTok cheque fraud

“Infinite money glitch” allowed the withdrawal of funds from cheques before they were cleared by the bank.

Guangzhou’s growing army of gig workers adds to economic, job concerns

Almost one in five of the workforce in Guangzhou have turned to work in flexible contracts, higher than China’s national level of 14.3 per cent.

Trump’s Vast Tariffs Would Rock Global Businesses and Shake Alliances

Economists said Donald Trump’s plan to return trade barriers to levels not seen in generations would be “a grenade thrown in the heart” of the international system.

Jeff Bezos Defends Decision to End Washington Post Endorsements

Mr. Bezos, the newspaper’s owner, said that presidential endorsements “create a perception of bias” and that “my views here are, in fact, principled.”

Can AI make life easier for people with dementia?

AI projects are underway to help ease the challenges of dementia.

Will China cut personal income taxes as part of its stimulus drive?

Ex-officials and scholars have suggested China should further cut personal income tax as part of its stimulus package.

Musk Repeatedly Raises the Idea That Harris, or He, Could Be Assassinated

The billionaire and his PAC have used foreboding language about the vice president in their support of former President Donald Trump.

Steve Mariotti, Whose Trauma Led Him to Help Youths at Risk, Dies at 71

After he was mugged, he took a therapist’s advice to work with “difficult students at a difficult school.” They ignored him until the lessons turned to business.

Waymo Raises $5.6 Billion From Outside Investors

Alphabet’s driverless car unit now has vehicles operating in San Francisco, Phoenix and Los Angeles.

JPMorgan begins suing customers who allegedly stole thousands of dollars in 'infinite money glitch'

JPMorgan is investigating thousands of cases related to the glitch, which highlights the risk that social media can amplify vulnerabilities found at a bank.

Have Paychecks Kept Up With the Cost of Living?

On average, pay has risen faster than prices in recent years. But the overall picture is complicated — and it’s not just facts versus “vibes.”

Bus fares to rise to £3 in England under new cap

The new limit replaces the existing £2 cap but some have criticised the decision.

What Japan’s Political Uncertainty Means for Its Market Rally

The long-ruling Liberal Democratic Party has lost its parliamentary majority, raising questions about the policy stability that has lured investors.

What is a 'working person', according to Labour

The government has promised not to raise taxes on "working people" in this Wednesday's Budget.

Why a Key Biden Effort to Boost Affordable Housing Has Faced Hurdles

The Biden administration rolled out a plan last year to create more housing by unlocking more than $35 billion in lending capacity. It has yet to close on any loans that would support housing-related projects.

How Taxpayers Are Helping Health Insurers Make Even Bigger Profits

Local governments often face extra fees when employees get out-of-network medical care, but some don’t track the insurance charges or even know about them.

China’s stimulus offers shot in the arm for global firms amid consumption, capital boost

Foreign firms have enjoyed a boost in consumption and easier access to capital as Beijing has rolled out stimulus measures over the last month.

Tax rises needed to avert austerity, Starmer says

The prime minister says the UK is facing unprecedented challenges, but promises better days lie ahead.

China shifts supply-chain focus to ‘least-developed countries’ for November expo

Second edition of China International Supply Chain Expo will see more help given to institutions and companies from the African Union, as geopolitics weigh on trade.

Immersive entertainment company Cosm lands rights to broadcast NFL games

The immersive experience, with a 360-degree dome and giant 12K+ LED screens, allows people to feel as though they are at the game.

Corporate America Braces for Trump 2.0

The race for the White House is deadlocked, but business leaders aren’t taking chances, reaching out to the former president to rebuild relations.

China Tightens Its Hold on Minerals Needed to Make Computer Chips

Already the dominant producer of rare minerals, Beijing is using export restrictions and its power over state-owned companies to further control access.

How Beijing Tamed a Lawless Industry and Gained Global Influence

State-controlled companies now run an industry once known for its acid pits, radioactive waste and smugglers.

China’s idyllic Xinjiang grasslands hid a salty soiled secret that’s been solved

Years of research have yielded productive plains that offer China more food security in the face of geopolitical upheaval and extreme weather.

China’s property market shows signs of recovery as deals surge in top cities

Shanghai, Beijing and Shenzhen are on the way to recording multi-month highs in property transactions.

No E. Coli Found in Samples of McDonald’s Beef Patties, Officials Say

The company said it would put Quarter Pounders back on the menu, without the raw onions that were considered the likely source of the bacteria.

China’s steel and oil industries face mounting losses amid economic slowdown

China steel’s industry racked up losses of US$5 billion from January to September, while the oil sector’s losses widened to US$4.5 billion.

PetroChina to downsize in northern China, shut its Dalian refinery in 2025, sources say

PetroChina plans to shut its Dalian refinery, with the capacity of 410,000 barrels per day, or 3 per cent of China’s total refinery output, around mid-2025, sources said.

UK Budget: What to Know Before Labour’s Announcement

The new Labour Party government said it had inherited a challenging financial position and warned of tax increases and spending cuts when it reveals its budget this week.

Chinese cities ease residency requirements as ‘war for people’ heats up

City governments have adopted a ‘hukou for home’ strategy as the competition for talent intensifies.

World's most indebted oil firm is headache for new Mexico leader

Claudia Sheinbaum inherits a buoyant manufacturing sector, but also a troubled state-owned oil firm.

Removal of Chinese tariffs sees imports of Australian wine surge

Australia’s share of China’s imported wine market plunged to 0.06 per cent last year from 37 per cent in 2019.

California Governor Proposes $750 Million in Annual Film Tax Credits

Gov. Gavin Newsom wants to more than double the amount the state offers in incentives, which would make its program one of the nation’s most generous.

A New Business on Wall Street: Defending Against D.E.I. Backlash

Companies are conducting vulnerability assessments, compiling research reports and writing plans for what to do if their diversity efforts come under attack.

Tom Jarriel, Globetrotting ABC News Reporter, Is Dead at 89

In his 37 years at the network, he was a White House correspondent, weekend anchor and correspondent for “20/20.” He won 19 Emmy Awards.

Inside The Washington Post’s Decision to Stop Presidential Endorsements

Post owner Jeff Bezos ended the decades-long practice, weeks after a discussion at a meeting in Miami. The move has drawn criticism in and outside the newsroom.

Hopes for stimulus roll-out on China’s horizon after industrial profits dive in September

All eyes are on November’s NPC Standing Committee meeting for more details of support for the economy.

China’s Gen Z seeks solace through ‘emotional consumption’

Young consumers’ willingness to spend on blind box toys contrasts with wider retail gloom.

China property: Sunac’s multimillion-yuan One Sino Park in Shanghai sells out in 3 hours

All 158 units in the project in Dongjiadu, Huangpu district, were sold, fetching the developer US$825.8 million.

Thousands of Chinese kindergartens close as falling birth rate takes its toll

Last year saw the number of kindergartens fall by over 5 per cent while the number of children enrolling dropped by more than 11 per cent.

For Investors, What if This Time Is Different?

Disregarding politics has worked brilliantly in the United States for a century. But market history offers comfort only up to a point, our columnist says.

Hong Kong can fulfil its hydrogen ambitions via Foshan, suggests start-up

Hong Kong can boost its hydrogen economy by leveraging Foshan’s cheaper hydrogen and refuelling infrastructure, says H2 Solution’s CEO.

China leveraging Laos to link up its Southeast Asian economic interests

Premier Li Qiang visited Laos earlier this month, with the relatively undeveloped and small Southeast Asia nation seen as key to China’s plans in the region.

What to Know About the Chinese Hackers Who Targeted the 2024 Campaigns

A group that experts call Salt Typhoon is believed to be behind a sophisticated breach of major telecommunication companies that has taken aim at American leaders.

Biden Administration Floats Student Loan Relief for Borrowers Facing Hardship

The proposal, which faces tough legal prospects, would offer forgiveness to millions of borrowers who are unable to pay back their loans because of financial setbacks.

Overlooked No More: Margaret E. Knight, Innovator of the Flat-Bottomed Paper Bag

She came up with a method of automation so that workers would not have to make the bags by hand. Then she fought for credit for her work.

How Tom Llamas, an NBC Anchor, Spends His Sundays

Mr. Llamas, who has been racing between hurricanes and election coverage, makes time for baseball with his children and not-so-scary movies with his wife.

Global Economic Leaders Confront a New Era of Industrial Policy

Policymakers brace for more protectionism and the demise of “neoliberalism” if Donald J. Trump is re-elected in the U.S.

How Jessica Tarlov of ‘The Five’ Became a Liberal Star on Fox News

A die-hard Democrat, she is a resident dissenter on “The Five,” the most-watched show in cable news. Does she have the hardest job on television?

Alabama Prison Labor Program Faces Legal Challenges

A work-release program for Alabama prisoners provides labor for corporations and income for the state. Lawsuits are challenging its constitutionality.

China’s GPS rival secures US$1.78 billion as BeiDou system widens reach

BeiDou, China’s satellite navigation system, is continuing its global expansion with numerous investment deals signed at high-profile event.

Musk Wins Appeal Over Tweet He Had to Delete About Union Push

The Fifth Circuit court ruled that the 2018 post was protected speech. It also vacated an order to reinstate a pro-union Tesla worker who was fired.

How Chinese smartphone makers Xiaomi, Huawei transformed into EV contenders

Thanks to an advanced supply chain, companies with no history making cars are challenging for supremacy in China’s EV market.

E. Coli Outbreak Tied to McDonald’s Widens to 75 People in 13 States

Health officials say that recalls of onions — the suspected source of the contamination — would help lessen the risk to consumers. Other major fast-food chains have also stopped offering onions.

Washington Post Says It Won’t Endorse a Presidential Candidate

The decision was made by Jeff Bezos, the paper’s owner, according to a person with knowledge of the talks. Will Lewis, the chief executive, said the paper was “returning to our roots” of not making endorsements for the office.

Chinese Hackers Are Said to Have Targeted Phones Used by Trump and Vance

The targeting of the Republican presidential ticket’s phones is part of what appears to be a wide-ranging effort to gather information about American leaders.

France’s Financial Morass Produces a Harsh Critique From Moody’s

The financial ratings agency, citing a “fiscal deterioration” with rising borrowing and a political logjam, downgraded its outlook for French debt.

China’s e-bikes delight consumers, but roil governments, overseas competitors

China’s e-bikes offer a budget and environmentally friendly option for consumers, but governments and competitors abroad have raised concerns.

Abercrombie Confronts Sex Trafficking Accusations Against Mike Jeffries, Ex-CEO

Recent sex trafficking charges against Michael Jeffries could entangle the retailer, too, as it tries to close a tumultuous chapter in its history.

What McDonald's needs to do next after E. coli outbreak

Health authorities are investigating the source of the E. coli outbreak that has sickened 75 and led to one death.

CDC says 75 people affected in E. coli outbreak linked to McDonald's Quarter Pounders

It is the latest tally of people affected since the agency announced the outbreak on Tuesday, initially citing 49 cases and one death across 10 states.

Spirit Airlines stock jumps 15% after struggling budget carrier said it will sell planes, cut jobs

Spirit Airlines shares rose after the struggling carrier said it will cut jobs and sell planes.

Airline Lost Your Bag? Here’s How to Reunite With Your Luggage.

Or at least be reimbursed if it’s gone for good.

Former Model Stacey Williams Accuses Trump of Groping Her During Visit With Epstein

The swimsuit model Stacey Williams said Jeffrey Epstein brought her to Trump Tower, where the future president groped her. Mr. Trump’s campaign denied it.

This is why David Einhorn thinks Peloton could be worth five times what it is now

David Einhorn's Greenlight Capital had a $6.8 million stake in Peloton as of June 30, and he thinks the company could be worth five times its current value.

Are Elon Musk and Vladimir Putin Talking?

The billionaire has reportedly been in regular contact with the Russian president, heaping more scrutiny on the power and influence the entrepreneur wields over the U.S. government.

Russia Raises Interest Rate to 21 Percent, Its Highest in Decades

Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices.

Volkswagen's Scout Motors reveals first EVs as it shifts to include plug-in hybrids

Scout, a former American brand from 1961 to 1980, was expected to exclusively offer EVs in a bid for the German automaker to expand its presence in the U.S.

China counts on sales season to coax cautious consumers into spending spree

Singles’ Day – China’s largest retail event – began early this year, prompting record courier activity as consumers pounce on deals.

Judge blocks Coach owner Tapestry's proposed acquisition of Michael Kors parent Capri

The FTC sued to block the merger between Tapestry and Capri, arguing it would harm consumers and employees.

Yum Brands and Burger King pull onions from select restaurants after McDonald's E. coli outbreak

Yum Brands said it has been monitoring the recently reported E. coli outbreak, which has been linked to Quarter Pounder burgers served at McDonald's.

China’s hottest ‘iron rice bowl’ job for 2025 has more than 10,000 applicants

Millions register for upcoming guokao exam that will fill 39,700 civil service positions at government agencies and public institutions.

China, Brics bloc not ready to reject US dollar despite Russian entreaties

Though Vladimir Putin has called for the group of emerging economies to develop an alternative payment system, enthusiasm appears limited.

Election Odds Swing in Trump’s Favor on Polymarket, a Crypto Betting Site

Donald Trump, Elon Musk and CNN have cited election predictions from Polymarket, a betting site where crypto enthusiasts have wagered more than $100 million on who will win the presidency.

Betting Markets Favor Trump. But Their Record of Accuracy Is Mixed.

Proponents believe that having real money on the line, and a large crowd of investors, encourages a more accurate election forecast than polling data can provide.

‘Trump Trade’ of Large Tariffs and Deficits Looms as Market Braces for 2024 Election

As investors have focused on the potential fiscal and economic impact of the Republican candidate’s proposals, yields on Treasury debt have risen.

As US elects its new president, China’s top legislature will meet for potential fiscal measures

China’s top legislature meeting provides a window for potential fiscal stimulus announcement; current agenda includes discussion of financial work and review of law revisions.

Star Chinese fund manager bets on Alibaba, liquor stocks for shareholder returns

Zhang Kun of E Fund Management sees high returns, dividends in technology and consumer stocks.

Beijing offers private firms more access to national projects and research

Move part of efforts to reverse prolonged downturn in business sentiment among private enterprises.

Tapestry-Capri Fashion Merger Is Blocked by Judge

The F.T.C. had sued to halt the merger of Tapestry, the parent of Coach and Kate Spade, and Capri, the owner of Versace and Michael Kors.

Chinese investment banks turn inward as global dreams fade from view

Exercising caution, China’s investment firms are scaling back their global ambitions and expanding through mergers instead.

Southwest and activist investor Elliott strike deal to keep CEO Bob Jordan, add six new directors

Southwest Airlines stuck a deal with activist Elliott which staves off a potential proxy fight in exchange for sizable board representation.

Spirit AeroSystems weighs hundreds more furloughs or layoffs if Boeing strike goes beyond Nov. 25

More than 32,000 Boeing machinists walked off the job on Sept. 13 after turning down an earlier tentative agreement.

The art market is in a correction as big spenders fade

Auction sales in the first six months at Christie's, Sotheby's, Phillips and Bonhams fell 26% from 2023 and 36% from the market peak in 2021.

Jeff Vinik sells stake in NHL's Tampa Bay Lightning to investor group

Jeff Vinik sold a portion of the NHL's Tampa Bay Lightning to a group of investors led by Doug Ostrover and Marc Lipschultz, both of Blue Owl Capital.

Southwest Airlines profit tops estimates, company expects higher revenue in fourth quarter

Southwest said travel demand remains healthy and it expects unit revenue for the fourth quarter to grow 3.5% to 5.5%.

TKO Group to acquire IMG, Professional Bull Riders and On Location from Endeavor for $3.25 billion

TKO Group, the company that owns UFC and WWE, is expanding its reach in the sports world by acquiring three businesses from Endeavor Group for $3.25 billion.

American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.

China’s call for global financial reform is a loud message to West, Global South: analysts

The world’s second-largest economy is looking to balance the scales of international financial governance under a system dominated by the World Bank and IMF.

CATL, China’s king of EV batteries, unveils new product for hybrid cars amid rising demand

Freevoy battery offers 400km of driving range before resorting to the fuel tank, twice the current ‘normal’ capability, CATL says.

Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list

Nike and Kohl's are expecting sales to fall this year, but they remain a top choice among consumers, indicating they must move quickly to not fall out of favor.

Shares of Peloton surge 11% after David Einhorn says stock is significantly undervalued

Peloton has been in the middle of a turnaround and Greenlight Capital's David Einhorn thinks the stock is significantly undervalued.

C919 tour gives students a glimpse of China’s ‘road to take-off’

Students shown the final assembly of China’s C919 home-grown passenger jet as its manufacturing base in Shanghai.

Tesla is the pure EV king, but Chinese drivers steer to hybrids as they worry about range

Tesla said its third-quarter net profit rose 17 per cent from a year earlier to US$2.17 billion.

China’s stimulus salvo enters second month: our overview, and what comes next

After one month of rapid-fire economic stimulus, we look at China’s plan of action and survey what might be in the pipeline.

Coca-Cola CEO says McDonald's E. coli outbreak won't hurt beverage company's sales

Coca-Cola CEO James Quincey said an E. coli outbreak linked to McDonald's isn't likely to hurt the beverage company's sales at this stage.

CDC told McDonald's about potential E. coli outbreak late last week

Roughly a fifth of McDonald's U.S. restaurants are not selling Quarter Pounder burgers at this time.

China’s Canton Fair, barometer of foreign trade, shows US, EU buyers may lose interest

Exporters see emerging markets becoming more important to Chinese businesses, despite smaller profit margins and increased payment risks.

Guangdong, China’s powerhouse province, loses pace with peers as property crisis bites

Though it was once a reliable performer among Chinese regions, Guangdong province has reported a steady slowdown in GDP growth for 2024.

China and the EU have a logistics problem. Central Asia stands to benefit

Given the wars in the Middle East and Ukraine, a safer trade route might be the one through Central Asia and the Caucasus.

Will stimulus package help China’s local governments pay bills?

Government adviser describes local governments’ arrears in accounts payable to enterprises as ‘shocking’.

China’s stock market could enjoy ‘instant’ boost from 2 trillion yuan fund: think tank

Institute of Finance and Banking under the Chinese Academy of Social Sciences says the fund would enhance the stability of the capital market and promote steady growth.

Will AI make work burnout worse?

As more AI tools are rolled out, some argue they are contributing to employee burnout.

Vietnamese lobsters claw back to prominence in China after temporary dip

Following a sharp decline last year, China’s imports of lobsters from Vietnam have returned to healthy levels with the same speed.

Despite China’s stimulus, IMF lowers GDP forecast on property, consumer confidence

China’s economy is projected to grow by 4.8 per cent this year, the International Monetary Fund said in its World Economic Outlook.

China’s financial reforms an invitation for foreign firms to boost growth: BOC chairman

China’s financial reforms will open up opportunities for foreign players in the vast and growing market, Ge Haijiao says.

Xi Jinping makes economic-centric instructions to spur China’s growth

President Xi Jinping says China’s economic and technological development zones should focus on modernisation, innovation and internal dynamism.

Shanghai ports to break 50 million container barrier, set global shipping record in 2024

The city is investing in infrastructure and technology to support growth, while also liberalising its finance sector to attract international shipping businesses.

As China’s youth-unemployment rate dips, can policy support keep the ball rolling?

Against the backdrop of ‘rotten-tail kids’ and a newly announced ‘1131’ service to help find young people jobs, latest jobs data for September offers glimmer of hope.

China’s central bank moves to jolt stock market with 50-billion-yuan swap operation

Swap facility lets brokers, asset managers and insurance companies exchange assets with poorer liquidity, enabling them to get liquid assets for stock purchases.

Nerves frayed in Canada and Mexico over US trade relations

As Americans prepare to vote in the presidential election, Canadians and Mexicans mull the likely impact.

Holiday in Greenland? New airports aim to entice tourists

The Arctic territory hopes that three new airports will pave the way for direct flights from the US and Europe.

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