AFP Asia Business
China’s second-generation factory owners go digital to combat challenges
Dressed in a pristine white knit top, Robyn Qiu cut an incongruous figure in her parents’ dusty, hangar-like metal hardware factory in eastern China as she gestured excitedly while an assistant filmed her on a smartphone.The 29-year-old is one of many second-generation factory owners fighting to elevate the country’s manufacturing sector, pitting digital native skillsets …
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EU’s extra tariffs of up to 35.3% on Chinese EVs angers Beijing
The EU’s decision to impose hefty tariffs on Chinese-made electric cars prompted anger from Beijing on Wednesday, after an anti-subsidy probe concluded China’s support undercut European automakers.The extra taxes have been controversial, with strong opposition from Germany and Hungary amid fears of provoking China’s ire and setting off a bitter trade war.Beijing slammed the European …
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EU slaps extra tariffs of up to 35.3% on Chinese EVs
The EU on Tuesday decided to impose hefty tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing’s support undercut European automakers. The extra taxes have been controversial, with strong opposition from Germany and Hungary amid fears of provoking China’s ire and setting off a bitter trade war.Beijing previously slammed the European Union’s “unfair” and …
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Global stocks mixed as markets await Big Tech results
Global stock markets diverged Tuesday as many investors sat on their hands ahead of a slew of US economic data releases and tech earnings.In New York, the Nasdaq shot to a fresh record while the Dow pulled back. Bourses closed mostly lower in Europe.Shares of Google parent Alphabet rose in after-hours trading following its earnings …
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Global stock markets diverge with eyes on megatech results, rates
Global stock markets diverged Tuesday as many investors sat on their hands ahead of a slew of US economic data releases and tech earnings, and as bond yields rose.In midday trading in New York, the Dow was lower, the wider S&P little changed, and the tech-heavy Nasdaq higher. Shares closed mostly lower in Europe.Alphabet reports …
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