Peloton, America’s Largest Interactive Fitness Platform, Announces 15% Workforce Reduction; CEO Resigns
In the latest news on May 3, 2024, American fitness equipment and media company Peloton announced on Thursday, May 2,…
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Stock Prices Soaring, Ignoring Weak Economy.
This week, various government agencies in the United States have released some unexpectedly disappointing economic indicators and related news. Data…
Elon Musk’s Visit to Beijing May Become a Model for CCP to Establish Preferential Treatments for Foreign Companies
Tesla CEO Musk made an unexpected visit to Beijing on April 28 and met with Chinese Premier Li Keqiang. Following…
International law firms leaving Mainland China and Hong Kong; Morrison & Foerster to divest Hong Kong business.
The ongoing tensions in US-China relations and China’s economic downturn have prompted many international law firms to reconsider or gradually…
Shortage of “Liquid Gold”: Global Largest Olive Oil Company in Crisis
During the period of high inflation, the “liquid gold” known as olive oil is surprisingly in short supply, with prices…
Antitrust Court Documents: Google to Pay Apple $20 Billion in 2022
According to court documents in the US antitrust case, Google paid $20 billion to Apple in 2022 to become the…
Analysis: Prioritizing Government Power, No Illusions on Third Plenum Economic Policy
China’s economy has entered a downturn, with the announcement of the Third Plenum of the Communist Party’s political bureau meeting…
Intense Competition in New Energy Vehicles, BAIC BluePark Records $540 Million Loss
Beijing Electric Vehicle Group’s new energy vehicle company, Beiqi Blue Valley, released its financial report, showing a net loss of…
Shanghai Office Vacancy Rate Hits Record High, Experts Say Economy Faces Challenges in Recovery.
Recent data shows that the vacancy rate of office buildings in Shanghai has exceeded 20%, reaching a new high. The…
New York City Rent Guidelines Board Preliminary Vote: Proposed Rent Increase of 6.5% for Next Year
The Rent Guidelines Board (RGB) of New York City met on April 30th to determine the initial rent increase range…