Business

Tesla CEO Elon Musk recently met with Chinese Premier Li Qiang in Beijing, coinciding with the Beijing auto show where Chinese car manufacturers are showcasing their latest electric vehicles. During the meeting, which was covered by China’s state broadcaster CCTV, Premier Li expressed his hope that the U.S. would enhance “win-win” cooperation with China, highlighting Tesla’s successful operations in the …

Dubai International Airport, currently the busiest airport globally for international travel, is set to shift its operations to a larger facility, Al Maktoum International Airport at Dubai World Central, within the next decade. This move involves a substantial investment of nearly $35 billion, as announced by Sheikh Mohammed bin Rashid Al Maktoum on Sunday. This strategic relocation aligns with the …

During a meeting with U.S. top diplomat Antony Blinken, Chinese President Xi Jinping emphasized the importance of the United States and China being “partners, not rivals.” He acknowledged that there are several unresolved issues between the two nations but also noted potential for improvement in their relationship. According to state broadcaster CCTV, Xi expressed a desire for the U.S. to …

On Friday, the European Union announced that Shein, the online fast-fashion retailer, will be subject to the bloc’s most rigorous digital regulations under the Digital Services Act (DSA). The EU’s Executive Commission has now designated Shein as a “very large online platform,” placing it alongside other major platforms that require closer monitoring to ensure user safety online. Originating in China …

As 2024 begins, the U.S. economy appears to have maintained its robust growth from late 2023, with consumers continuing to spend vigorously despite the burden of high interest rates. This Thursday, the Commerce Department is anticipated to announce that the gross domestic product (GDP)—the broadest measure of economic output—increased at a modest yet solid 2.2% annual rate from January through …

Boeing disclosed on Wednesday a loss of $355 million for the first quarter, signaling ongoing troubles amid scrutiny over aircraft safety and criticism of its manufacturing standards from an increasing circle of whistleblowers. The CEO of Boeing acknowledged that the company is facing difficult times, emphasizing the priority of addressing these production issues over financial performance. Recent discussions among company …

The European Union initiated an investigation on Wednesday to determine if China is engaging in unfair practices that limit European access to its medical device market. This sector includes everything from simple hypodermic needles to advanced scanning technology. The European Commission, which serves as the EU’s executive arm and oversees trade and competition, launched the probe as part of a …

Ongoing tensions between Beijing and Washington are the primary concern for American businesses in China, as revealed in a recent report by the American Chamber of Commerce in China. The report, released on Tuesday, highlighted other significant challenges faced by U.S. companies, including inconsistent regulatory practices, rising labor costs, and data security concerns. Despite assurances from Chinese leaders that foreign …