Several Chinese provinces have said they are facing a power crunch in recent weeks, including some of the country’s most important engines for economic growth. Guangdong province — a manufacturing center responsible for $1.7 trillion, or more than 10%, of China’s annual economic output and a bigger share of its […]
Month: June 2021
Burberry shares tumble as CEO Marco Gobbetti leaves to join Salvatore Ferragamo
Burberry (BBRYF) announced Gobbetti’s resignation in a statement on Monday, sending the company’s share price as much as 8% lower in London. The stock was last trading 7% below its Friday close. “Marco, who has led the transformation of Burberry’s brand and business, will be stepping down after nearly five […]
Top 3 Sectors For Finding Finance Jobs In Spain
With Spain’s growing economy, there are plenty of job opportunities for job seekers. Finance is one of the most growing job sectors in Spain. Talented professionals are needed in the finance sector in Spain to ensure that the economy keeps growing. But before you decide to work at a finance […]
Tesla stock is getting left in Ford’s and GM’s dust
Tesla (TSLA) shares are nearly 25% below their all-time high set earlier in the year, and down 2% for 2021 to date -— a time when traditional automakers are surging as they ramp up electric vehicle ambitions. Ford (F) stock is up nearly 75%, putting it in the top 10 […]
Apple Daily: Hong Kong’s biggest pro-democracy newspaper to close as Beijing tightens its grip
The news sent a deep chill through Hong Kong’s media industry and undermined government claims the new legislation would not diminish press freedom. “But it still came as a shock when it happened,” said one journalist at the publication, who asked to remain anonymous out of security fears. Since the […]
Global stocks slide as Wall Street frets about the Fed
Markets were broadly lower, with Japan’s Nikkei 225 (N225) dropping more than 3% — easily the worst major performer — after Wall Street closed out its worst week in months on Friday with a 1.6% fall on the Dow Jones Industrial Average (INDU). Hong Kong’s Hang Seng (HSI) fell 1.1% […]
Global trade: A huge backlog at China’s ports like Yantian could spoil your holiday shopping this year
The chaos began unfolding last month when authorities in the southern Chinese province of Guangdong — home to some of the world’s busiest container ports — canceled flights, locked down communities and suspended trade along its coastline to bring a rapid spike in Covid-19 cases under control. The rate of […]
Boris Johnson’s global Britain needs more than a tiny Australian trade deal
By comparison, Britain’s new trading relationship with the European Union is expected to lead to a long-run loss of output of around 4% compared to remaining in the bloc, according to a previous forecast by the UK Office for Budget Responsibility, which produces economic projections for the government. The deal […]
What to do if You Get a Flat Tire and Don’t Have a Spare?
Do you need roadside assistance in New Orleans? There are many reasons why you should call a roadside assistance provider. If you are stranded on the side of the road in New Orleans, and your car breaks down, or you need your vehicle towed to a garage, you can count […]
The US and its G7 allies are confronting China. How worried should Beijing be?
United States President Joe Biden’s plan to unite Washington’s closest allies and take on China just scored a big political win. But it’s going to take a lot more than words to curb the advance of the world’s second largest economy. The US joined the United Kingdom, Germany, France, Italy […]