Intel Announces 15% Workforce Reduction and Halts Dividend Payout, Stock Price Plunges 20%.
On Thursday, August 1st, American chip maker Intel announced that it will be taking measures to cut costs and turn…
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Zhengzhou Lifts Price Cap on Commercial Housing, Industry Expects Property Prices to Drop
On July 31, Zhengzhou lifted the restrictions on the sale prices of newly built commercial housing, allowing development companies to…
Will coffee become a new luxury item as prices continue to rise?
Coffee is a daily beverage for many people and a must-have drink for breakfast. However, the expectation of decreasing coffee…
Chinese Second-hand Housing Prices in 100 Cities Fall for 27 Consecutive Months with Collective Decline for 4 Months
China’s real estate market continues to decline, as the latest data shows. In July, the prices of second-hand homes in…
Shanghai Financial Circle Shaken: Shanghai Stock Exchange Deputy General Manager Dong Guoqun Reportedly Under Investigation
Recently, the news of Dong Guoqun, deputy general manager of the Shanghai Stock Exchange, being taken away for investigation as…
July Caixin Manufacturing PMI falls far below expectations, once again below the boom-bust line.
On August 1st, data released by Caixin Media and S&P Global indicated that in July, the Caixin China Manufacturing Purchasing…
Weak Chinese Market Causes BMW’s Second Quarter Profit Margin to Fall Below Expectations
On Thursday, August 1st, German automotive giant BMW released its second-quarter financial report. The report indicated that due to a…
Analysis: Political and Economic Uncertainty Leads to Continuous Slump in China’s Diamond Industry
International diamond giant’s revenue saw a decline in the first half of this year, and in recent years, the size…
Perspective from the News: Anti-Communist Martyrs Resurge in Hunan’s Loudi!
The Chinese Communist Party’s Politburo singing “the theory of a bright economy”? The phrase “the rubbish time of history” is…
Surging Demand: U.S. Airlines Increasing High-End Seat Flights
U.S. airlines are all adding more comfortable and larger seats on their planes to meet the increasing demand from consumers…