China on Tuesday urged against “spiraling up of tensions,” stressing the ceasefire that US President Donald Trump announced a day earlier. Beijing does not want to “see the spiraling up of tensions and hope that a cease fire can be realized as early as possible,” Chinese Foreign Ministry spokesman Guo Jiakun said in response to…
The US coffee chain has engaged interested parties over a stake sale of its 7,750-store China business, but denies claims from Caixin Global that a full sale could be pursued US coffee giant Starbucks has denied reports that it is preparing a full sale of its 7,750-store China Source link
The pressure is now on. From Canada to Japan, key trade deals are struggling to get over the finish line with just two weeks to go before President Trump’s tariff deadline. Trump managed to firmed up a trade deal with the United Kingdom last week, and its European Union neighbors are apparently pushing for a…
China called for the immediate implementation of a ceasefire between Israel and Iran, following US President Donald Trump’s social media announcement declaring a ‘complete and total ceasefire’ between the two nations. Chinese Foreign Ministry spokesperson Guo Jiakun emphasised Beijing’s deep concern and active monitoring of the escalating Middle East tensions. Show more Show less Source…
China, one of Iran’s closest allies and the biggest buyer of its oil, has stayed on the sidelines of its conflict with Israel, urging a diplomatic solution. Following are details of its investments in Iran: Cooperation Pact: Beijing has long backed U.S.-sanctioned Tehran as part of efforts to deepen its strategic and economic heft in…
Mr. Dong (Albert) Li, CFO of Tims China, commented, “We continued to demonstrate our capabilities to further improving our financial performance by refining store unit economics and driving efficiencies at both store and corporate levels. We further improved our company owned and operated store contribution margin and adjusted corporate EBITDA margin by 5.9 percentage points…
China’s National Development and Reform Commission plans to set up a state-backed venture capital fund focused on robotics, AI and cutting-edge innovation. The long-term fund is expected to attract nearly 1 trillion yuan (approximately $140 billion) in capital from local governments and the private sector over 20 years. This initiative aims to continue China’s technology-driven…
China’s finance ministry said on Tuesday the next president of the Asian Infrastructure Investment Bank would be Zou Jiayi, a former Chinese vice finance minister who is expected to lead efforts to expand the lender’s presence in major global financial centres. Source link
An India-born engineer, Noshir Sheriarji Gowadia, who played a key role in developing the stealth propulsion system of the B-2 Spirit bombers, deployed by the US in Operation Midnight Hammer against Iran, was later sentenced to 32 years in prison for leaking classified military data to China, which it used to develop a stealth exhaust…
To assess the available strategies, it helps to distinguish between ‘Business class’, ‘Economy class’, and ‘Cargo hold’ positions, as outlined in the above chart. Those in business class, with strategic technologies that are much more advanced than local options, tend to get generous inducements to invest, from 100 percent foreign ownership deals to easier access…