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China's public budget expenditure hits record high
Business2019-01-24 09:30February 28 2021 05:12:32

China's public budget expenditure hits record high

China's public budget expenditure reached a record high while revenue grew steadily, official data showed Wednesday.

Starbucks rolls out delivery service for coffee drinkers
Business2019-01-23 09:20February 28 2021 05:12:32

Starbucks rolls out delivery service for coffee drinkers

Starbucks is expanding its delivery service and aims to offer it at nearly one-fourth of its U.S. company-operated coffee shops.

Global economic growth to remain at 3 pct in 2019-2020: UN
Business2019-01-22 09:08February 28 2021 05:12:32

Global economic growth to remain at 3 pct in 2019-2020: UN

The global economy will continue to grow at a steady pace of around 3 percent in 2019 and 2020 amid signs that global growth has peaked, the United Nations said Monday.

China's Geely to make British Lotus cars in Wuhan
Business2019-01-21 09:04February 28 2021 05:12:32

China's Geely to make British Lotus cars in Wuhan

Zhejiang Geely will manufacture cars for the British badge Lotus at a new nine billion yuan (1.3 billion U.S. dollar) plant in Wuhan, according to a report by Reuters. The report said it was Geely's "first move to shake up" Lotus since it bought a 51 percent stake in the sports car brand in 2017.

China's central SOEs contribute more to society in 2018
Business2019-01-18 09:51February 28 2021 05:12:32

China's central SOEs contribute more to society in 2018

China's centrally administered state-owned enterprises (SOEs) made greater contributions to society last year, an official with the state assets authority said Thursday.

Elon Musk quotes 1 bln dollars to build tunnel under Australian mountains
Business2019-01-17 14:02February 28 2021 05:12:32

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 09:20February 28 2021 05:12:32

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 08:54February 28 2021 05:12:32

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 09:12February 28 2021 05:12:32

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 08:59February 28 2021 05:12:32

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 09:15February 28 2021 05:12:32

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 10:36February 28 2021 05:12:32

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 09:32February 28 2021 05:12:32

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 09:20February 28 2021 05:12:32

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 08:54February 28 2021 05:12:32

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 13:14February 28 2021 05:12:32

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 13:28February 28 2021 05:12:32

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 09:43February 28 2021 05:12:32

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 13:08February 28 2021 05:12:32

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 13:52February 28 2021 05:12:32

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.

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