The Chinese authorities plan to impose a hefty fine on technology company Tencent as part of the much stricter approach to the tech sector in the country. Sources say that to Reuters news agency. It is said to be a fine of at least 10 billion yuan or 1.3 […]
Business
Technology group IBM was among the winners on the stock exchanges in New York on Tuesday, thanks to good quarterly figures. Investors also included pharmaceutical companies such as Johnson & Johnson (J&J) and the manufacturer of cleaning and care products Procter & Gamble (P&G). The primary degree gauges on […]
The Chinese economy appears to have largely overcome the corona crisis and started the new year with record growth. The world’s second-largest economy grew by 18.3 percent in the first quarter compared to the first three months of 2020. It is the most significant increase since the country started […]
China should lift all birth restrictions so that the Chinese are encouraged to have more children. The country’s population is ageing faster than in developed countries, say researchers from China’s central bank (PBOC). In addition, the Chinese have to save more to assist the elderly. Ageing is not a […]
The Chinese Xiaomi wants to market its first electric car within two years. In this way, the company wants to diversify its income. Xiaomi mainly makes smartphones and wearables but also wants to enter the car market soon. The plans are not yet formal, but according to multiple sources […]
The Chinese stock markets lost ground on Tuesday. The sanctions imposed on the country by the European Union, the United States, Canada and the United Kingdom for the oppression of the Uyghur Muslim minority in Xinjiang have caused investor reluctance. Other stock markets in the Asian region also showed […]
Retailers in Germany are suffering from corona measures. In addition to the closure of non-essential stores, retailers are also struggling with an increase in sales tax, which had previously been temporarily reduced due to the crisis. Especially entrepreneurs in the fashion industry are having a hard time. According to […]
A group of more than 150 top corporate America executives have in a letter expressing support for President Joe Biden’s $ 1.9 trillion corona support package. This was reported by the news channel CNN, which has access to the letter. These are executives from companies such as investment bank […]
Electronic chip factories in the US state of Texas are forced to close their doors for a week due to the cold snap. The closure is inconvenient because there is already a global shortage of semiconductors. NXP Semiconductors, a significant supplier to carmakers and smartphone manufacturers, says it is […]
The Air France-KLM shares lost on Thursday. The French-Dutch aviation combination suffered a loss of more than 7 billion euros in the corona year 2020. Builder BAM also fell, after a loss due to the corona crisis. The results of the insurer NN Group were also not to the […]
