BUSINESS >> Companies

China should deepen economic ties with BRICS countries amid global uncertainty: NDB vice president

China should deepen its economic ties with BRICS (Brazil, Russia, India, China and South Africa) countries and continue to open up its financial market to serve as a cushion against rising global uncertainty especially the trade war with the US, Leslie Maasdorp, vice president and chief financial officer of the New Development Bank (NDB), told the Global Times over the weekend.
Source: Global Times | 2018/12/9 13:23:39

Facebook to increase stock buyback by 9 bln USD

Facebook is investing 9 billion US dollars to buy back its shares to shore up investor confidence, a filing with the US Securities and Exchange Commission (SEC) said Friday.
Source: Xinhua | 2018/12/8 16:20:38

Finance minister says Huawei's investments "welcome" in France

French Finance Minister Bruno Le Maire said on Friday that investments by Chinese telecom technology firm Huawei are "welcome" in his country.
Source: Xinhua | 2018/12/8 14:03:53

Facebook fined 10 mln euros in Italy for unfair use of subscribers' data

The Italian Competition Authority (ICA) has fined Facebook with two penalties worth 10 million euros (11.3 million US dollars) overall for improper use of its subscribers' personal data, the authority said in a statement on Friday.
Source: Xinhua | 2018/12/8 13:55:29

China's Xiaomi showcases cool products to cater US fans

Chinese electronics company Xiaomi launched its first event for Mi fans in the United States on Friday, showcasing a series of its latest products to cater potential customers.
Source: Xinhua | 2018/12/8 9:03:05

Japan should not jeopardize mutual trust by rejecting Chinese firms: FM

Chinese Ministry of Foreign Affairs urged Japan to provide a fair market environment for Chinese companies, following reports concerning a possible ban on China's Huawei and ZTE from government procurement contracts.
Source: Global Times | 2018/12/7 22:59:03

Nissan to recall 150,000 vehicles in Japan due to improper checks

Nissan Motor Co. said Friday that it will recall around 150,000 vehicles in Japan due to improper final inspections.
Source: Xinhua | 2018/12/7 22:39:14

Chinese construction company hands over mega water dam to Zambia

China's Anhui Foreign Economic Construction Corporation (AFECC) handed over a mega water dam with a storage capacity of 61 million cubic meters to the Zambian government on Thursday.
Source: Xinhua | 2018/12/7 20:45:36

ADB increases financing to SMEs in China

The Asian Development Bank (ADB) signed a 60 million US dollar loan agreement to increase financing to small- and medium-sized enterprises (SMEs) in China.
Source: Xinhua | 2018/12/7 20:45:09

Peak Sport launches new smart sneaker TAICHI

Peak Sport's yearly product launch was held in Beijing on December 5. Peak is presenting a brand new smart sneaker to the market. The PEAK TAICHI features a "self-adaption function" and is jointly produced by Peak Sport and domestic intelligent polymer materials experts. The new technology enables the sneaker to adjust its function to meet the needs of the person wearing it and provides an entirely original user experience.
Source: Global Times | 2018/12/7 16:43:40

Boeing forecasts strong growth for aircraft financing in 2019

Aircraft financing will continue to grow strong next year as about 143 billion US dollars will be invested in meeting the demand for new commercial airplanes, US top aircraft manufacturer Boeing Company (Boeing) said Thursday.
Source: Xinhua | 2018/12/7 8:14:39

China urges release of Huawei executive

Chinese officials are urging the US and Canada to clarify why Meng Wanzhou, a senior executive of Huawei Technologies, has been detained and to immediately release her, slamming the arrest as a violation of her rights.
Source: Global Times | 2018/12/6 22:58:43

EU foreign investment screening plan shows double standards, harms own interests: experts

Europe is backpedalling on its commitment to an open market and the potential restriction of Chinese investment could harm, instead of protecting, the strategic interests of the bloc, Chinese experts said on Thursday.
Source: Global Times | 2018/12/6 22:58:42

China surpasses South Korea to become largest chip equipment market

China has become the world's largest semiconductor equipment market thanks to continuous, intensive investment in the sector.
Source: Global Times | 2018/12/6 22:53:42

China's Xiaomi takes lead in showcasing first 5G model

Xiaomi showcased the first fifth-generation (5G) version of its flagship smartphone – Mi MIX 3 – on Thursday, becoming the first domestic vendor to do so.
Source: Global Times | 2018/12/6 22:48:47

Malaysia aims to be a regional transshipment hub

Malaysian Transport Minister Anthony Loke Siew Fook said on Thursday that Malaysia seeks to become China's transshipment hub for the Association of Southeast Asian Nations (ASEAN).
Source: Xinhua | 2018/12/6 22:48:47

Tesla opens tender for Chinese Gigafactory

Tesla Inc has opened a tender for the construction of its Shanghai Gigafactory and at least one contractor has started buying materials, according to sources and documents reviewed by Reuters, the clearest indication that construction is imminent.
Source: Reuters | 2018/12/6 22:48:46

Apple speaker release

Apple Inc said Wednesday that it will offer its HomePod wireless speaker to Chinese customers for the first time in early 2019, less than one year after the smart device was launched in the US and Canada.
Source: Global Times - Xinhua | 2018/12/6 22:48:45