Business

Wall Street faced a downturn on Tuesday as cautious sentiment prevailed ahead of the Federal Reserve's critical two-day monetary policy meeting. The three major indexes experienced a broad decline, a trend expected to persist until the Fed's interest rate...

On Thursday, Apple witnessed a significant dip of nearly 4% in its stock value, which subsequently triggered a broader decline in the technology sector. This sharp decline was attributed to reports indicating that China had extended restrictions on the...

Representative Mike Gallagher, chair of the House committee on China, has called for a halt in all technology exports to Huawei and SMIC, China's top semiconductor firm. This request comes in response to the discovery of certain chips in...

Raiffeisen Bank anticipates a mild decline in real estate prices in Austria for the year 2023 and continuing into 2024. Despite initial concerns, the real estate market has displayed surprising resilience, with a slowdown in price declines during the...

Chinese electric vehicle (EV) makers are aggressively targeting Europe's EV market, which saw a 55% sales increase in the first seven months of 2023, reaching approximately 820,000 vehicles and comprising 13% of total car sales. Companies like BYD, Nio,...

China's major state-owned banks have reportedly been actively selling U.S. dollar to purchase yuan in both onshore and offshore spot foreign exchange markets this week. This action is aimed at slowing down the depreciation of the yuan. State banks...

Vietnamese electric vehicle (EV) maker VinFast saw a remarkable surge in its shares (VFS.O) during its Nasdaq debut after a $23 billion backdoor listing. The stock opened at $22, double the agreed $10 per share with VinFast's SPAC partner,...

Oil prices faced a modest downturn, driven by concerns over China's economic rebound and a stronger U.S. dollar, despite earlier gains attributed to OPEC+ supply cuts. Brent crude futures experienced a slight decline of 0.84%, reaching $86.08 per barrel,...

In the rapidly evolving landscape of freight and logistics, Smart container technology, a game-changing innovation has emerged that holds the potential to reshape the industry. Smart container technology, underpinned by the power of the Internet of Things (IoT), is...

Tesla's ambitious plan to expand its auto production in Shanghai is encountering obstacles as it awaits approval from Chinese authorities to develop a 70-hectare plot of former farmland. The National Development and Reform Commission (NDRC) of China has adopted...