Written by Shares in luxury goods brands slumped after Louis Vuitton’s LVMH reported an unexpected fall in third-quarter sales amid China’s economic slowdown. Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7% in early trading, briefly hitting a two-year low, before regaining slightly, after it warned of an […]
An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. Jonathan Raa | Nurphoto | Getty Images ASML on Tuesday offered the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing […]
HAOMO.AI stated that the recent media reports about ‘HAOMO.AI temporarily postponing its IPO’ are not true. According to HAOMO.AI, they are currently steadily advancing in technology research and development, accelerating the delivery of intelligent driving products. The intelligent driving mileage of users has exceeded 230 million kilometers, with over 20 models equipped with HPilot. The […]
China has unveiled its latest scientific development — a spheric police robot capable of pursuing criminals. The robot is equipped with artificial intelligence and can operate autonomously. Unlike Western analogues that are mostly used for surveillance purposes, the Chinese robot can effectively operate in a variety of conditions. The new Chinese robot can float and […]
GUANGZHOU, Oct. 16 (Xinhua) — South China’s economic powerhouse, Guangdong Province, is attempting to capitalize on the thriving commercial space industry in a bid to fuel its high-quality development. This week, the provincial government unveiled an action plan for the next four years, outlining various development measures in cutting-edge space technologies and pioneering sectors, such […]
China’s economy likely expanded at its slowest pace this year, according to an AFP survey ahead of data Friday, as authorities struggle to reignite consumption amid a chronic debt crisis in the property sector. Officials have in recent weeks unveiled a string of measures to reignite the world’s number-two economy and bring an end to […]
China’s Ministry of Finance said on Tuesday that it would expand the Water Tax Interim Measures from 10 provinces to the entire nation, effective from December 1, amid efforts to provide debt-ridden local authorities with more revenue. The measures aim to safeguard water resources, curb groundwater over-exploitation, ease the growing supply-demand imbalance and refine the […]
A surge in power use worldwide could make it harder for nations to slash emissions and keep global warming in check. Source link
By AFP Fighters from the Ta’ang National Liberation Army have seized another town on a strategic highway to China, the group and a resident said, in the latest setback for the embattled junta. Northern Shan State has been rocked by fighting since June when an alliance of ethnic armed groups renewed an offensive against the […]
Police in Sri Lanka have arrested more than 230 Chinese men accused of targeting international banks in online scams, the foreign minister said, with help from security officials sent by Beijing. Vijitha Herath said police raids over the past week had also seized 250 computers and 500 mobile phones used in the alleged scams, with […]