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Elon Musk quotes 1 bln dollars to build tunnel under Australian mountains
Business2019-01-17 14:02January 17 2019 22:40:57

Elon Musk quotes 1 bln dollars to build tunnel under Australian mountains

Tesla boss, Elon Musk has quoted 1 billion dollars to build a commuter tunnel under Australia's Blue Mountains, which divide Sydney from the country's vast western interior.

Microsoft to launch AI & IoT Insider Lab in Shanghai
Business2019-01-17 09:20January 17 2019 22:40:57

Microsoft to launch AI & IoT Insider Lab in Shanghai

U.S. tech giant Microsoft on Wednesday signed a memorandum of strategic cooperation to locate its new artificial intelligence (AI) and Internet of Things (IoT) Insider Lab, the first of its kind in Asian-Pacific Region, in Shanghai.

U.S. food manufacturer to establish pet food plant in Tianjin
Business2019-01-16 08:54January 17 2019 22:40:57

U.S. food manufacturer to establish pet food plant in Tianjin

Mars Incorporated, a U.S. global manufacturer of confectionery, pet food and other food products, has recently signed an agreement to set up a pet food plant in north China's Tianjin, local authorities said Tuesday.

Larger scale tax cuts to be introduced for small, micro businesses
Business2019-01-10 09:12January 17 2019 22:40:57

Larger scale tax cuts to be introduced for small, micro businesses

China will unveil larger scale tax cuts and tax exemptions for micro and small enterprises (MSEs), a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.

Global economic growth to slow to 2.9 pct in 2019: World Bank
Business2019-01-09 08:59January 17 2019 22:40:57

Global economic growth to slow to 2.9 pct in 2019: World Bank

Global economic growth is projected to slow to 2.9 percent in 2019 from a downwardly revised 3 percent in 2018 amid rising downside risks, the World Bank said on Tuesday.

World Bank President Kim to step down on Feb. 1
Business2019-01-08 09:15January 17 2019 22:40:57

World Bank President Kim to step down on Feb. 1

World Bank Group (WBG) President Jim Yong Kim announced on Monday that he will be stepping down from his position after more than six years at the international lending institution.

China's Huawei opens first flagship store in Saudi Arabia
Business2019-01-07 10:36January 17 2019 22:40:57

China's Huawei opens first flagship store in Saudi Arabia

The Chinese tech giant Huawei on Saturday announced the inauguration of its first flagship store in Saudi Arabia, which is also its largest store in the Middle East and Africa.

Apple shares plunge after guidance cut
Business2019-01-04 09:32January 17 2019 22:40:57

Apple shares plunge after guidance cut

The U.S. tech giant Apple saw its stock price plunging more than 9 percent in early trading on Thursday after the company issued lower guidance for fiscal 2019 first quarter.

Amazon announces record sales for holiday season in 2018
Business2019-01-01 09:20January 17 2019 22:40:57

Amazon announces record sales for holiday season in 2018

U.S. e-commerce giant Amazon on Wednesday announced "a record-breaking holiday season" as tens of millions of people have signed up for its Prime membership either by making paid service or on a trial basis.

China to launch larger-scale tax cuts next year
Business2018-12-31 08:54January 17 2019 22:40:57

China to launch larger-scale tax cuts next year

China will reduce taxes and fees on a larger scale next year, according to the country's finance minister.

China allows U.S. rice imports
Business2018-12-29 13:14January 17 2019 22:40:57

China allows U.S. rice imports

China has allowed imports of rice from the United States, said the General Administration of Customs in a statement on its website Friday.

Worries and challenges: New England lobster industry going through 2018 trade war
Business2018-12-28 13:28January 17 2019 22:40:57

Worries and challenges: New England lobster industry going through 2018 trade war

2018 has proven to be a difficult year for China-US trade relations, dominated by frictions triggered by Washington.

China's Xiaomi sells better than iPhones in Russia: online seller
Business2018-12-28 09:43January 17 2019 22:40:57

China's Xiaomi sells better than iPhones in Russia: online seller

The Russian online seller of Chinese goods Pandao said Thursday that gadgets produced by Chinese electronics company Xiaomi were most popular among users this year.

Fall in UK shoppers looking for Boxing Day bargains
Business2018-12-27 13:08January 17 2019 22:40:57

Fall in UK shoppers looking for Boxing Day bargains

US stocks surged on Wednesday, recovering much of their losses from a Christmas Eve plunge and placing the market on track for its best day in nine months.

New negative list gives firms equal treatment in market access
Business2018-12-26 13:52January 17 2019 22:40:57

New negative list gives firms equal treatment in market access

China took further steps in opening up its market to domestic and overseas investors Tuesday by announcing a negative list for market access (2018 version), an institutional innovation to be applied across the country.

Geely, CATL to set up lithium battery JV
Business2018-12-24 12:58January 17 2019 22:40:57

Geely, CATL to set up lithium battery JV

Chinese carmaker Geely Automobile Holdings Limited has reached an agreement to set up a battery joint venture with the country's leading lithium battery producer Contemporary Amperex Technology Co. Limited (CATL).

China's Baidu, Paramount Pictures unveil AR-featured Transformers' Bumblebee emoji
Business2018-12-24 09:20January 17 2019 22:40:57

China's Baidu, Paramount Pictures unveil AR-featured Transformers' Bumblebee emoji

China's top Internet search engine firm Baidu Inc. and Paramount Pictures said Friday that they are rolling out new emoji features in Baidu's IME keyboard apps that are built from the theme of Bumblebee, the latest film of the "Transformers" series.

China unveils special individual income tax deductions
Business2018-12-23 13:02January 17 2019 22:40:57

China unveils special individual income tax deductions

The State Council, China's cabinet, announced special individual income tax deductions on Saturday, in order to lower the tax burden for those who have certain expenditures.

Japan's central bank chief signals room to boost stimulus as economic risks rise
Business2018-12-22 13:17January 17 2019 22:40:57

Japan's central bank chief signals room to boost stimulus as economic risks rise

ank of Japan Governor Haruhiko Kuroda warned of heightening risks to the economic outlook and signalled the central bank's readiness to ramp up stimulus if needed, brushing aside concerns it lacks policy ammunition to stave off another recession.

China's ICBC branch named “International Bank of the Year” in Turkey
Business2018-12-21 09:32January 17 2019 22:40:57

China's ICBC branch named “International Bank of the Year” in Turkey

ICBC Turkey, a branch of the Industrial and Commercial Bank of China (ICBC), on Thursday was named the "International Bank of the Year" for its "distinguished contributions" to Turkey's economy.

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