Business

U.S. stocks open slightly higher despite recession concerns

U.S. stocks opened slightly higher on Tuesday, starting off the day in red yet then bouncing back to erase the deep losses of the previous day, although the market has still been overshadowed by concerns over a potential recession.
 

U.S. to delay certain additional tariffs on China to Dec. 15

The U.S. said it will delay the additional tariffs on certain Chinese products from September 1 to December 15 on Tuesday.

Chinese, U.S. chief trade negotiators hold phone conversation

Chinese Vice Premier Liu He held a telephone conversation with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday evening at the request of the U.S. side.

ByteDance to enter the search engine market

ByteDance, best known for the short video platforms Tiktok and Douyin, and the news aggregator Toutiao, is set to enter the new search engine sector in China in a battle with Baidu and Tencent.

Huawei to build smart phone factory in Brazil

China's tech giant Huawei has confirmed that it plans to invest 800 million U.S. dollars to build a smart phone factory in Brazil's Sao Paulo over the next three years.

U.S. budget deficit widens 27 pct in 10 months of fiscal year

The U.S. federal budget deficit reached 866.8 billion U.S. dollars in the first 10 months of the fiscal year 2019, up by 27 percent from the same period the previous year, the Treasury Department said on Monday.

China Eastern Airlines launches new Disney-themed airplane

A new aircraft depicting Duffy and Friends made its maiden flight Monday in celebration of the upcoming Duffy Month, scheduled in September at Shanghai Disney Resort.

China encourages foreign sci-tech entrepreneurship

China supports foreign talent with permanent residence certificates to set up sci-tech enterprises, according to guidelines recently issued by the country's Ministry of Science and Technology.

Tickets for Beijing Daxing International Airport flights on sale

Tickets for flights at the new Beijing Daxing International Airport are now on sale on the official website of Chinese on-line travel booking giant Qunar.

Israel cybersecurity company reveals "critical vulnerabilities" in Canon cameras

Israeli cybersecurity company Check Point Software Technologies announced on Sunday that it has revealed "critical vulnerabilities" in advanced cameras of the Japanese giant Canon.

AmCham calls for smooth commerce in Hong Kong

The American Chamber of Commerce in China says that a "smoothly functioning" system of commerce in Hong Kong is "fundamentally important" to the business interests of its members in the Chinese mainland.

Microsoft introduces security lab to test vulnerabilities, attacks

Microsoft has introduced the Azure Security Lab, a dedicated customer-safe cloud environment, at the Black Hat USA 2019 conference which convened this week.

Ford to build product R&D, operations centers in east China

Ford Motor company will set up its product R&D center and China operations center in Nanjing, capital of eastern Jiangsu Province.

Chinese people's disposable income surges 60 times in past 70 years

Chinese residents saw their per capita disposable income surge by nearly 60 times during the past seven decades thanks to the country's steady economic expansion.

Cathay Pacific pilot charged with rioting in HK removed from duties

Cathay Pacific on Saturday announced that a pilot charged with rioting in Hong Kong was removed from flying duties.

Huawei launches smart TV running on HarmonyOS

Huawei on Saturday launched the world's first terminal device, the Honor smart screen TV that runs on the open-source operating system HarmonyOS announced one day before at its ongoing annual developer conference.

IMF reiterates China's exchange rate broadly in line with fundamentals

China's real effective exchange rate (REER) in 2018 is estimated to be at the same level as warranted by fundamentals and desirable policies, the International Monetary Fund (IMF) reiterated on Friday in a report.

China Mobile to install 50,000 5G base stations in China this year

China Mobile announced that it aims to install 50,000 5G base stations in 50 cities across China by the end of this year. 

5G technology to feature in three Beijing 2022 stadiums

Three stadiums for Beijing 2022, including China's National Stadium, the Water Cube and the National Speed Skating Hall are set to introduce 5G technology ahead of the upcoming Winter Olympiad.

China's producer prices down 0.3 pct in July

China's producer price index (PPI), which measures costs for goods at the factory gate, dropped 0.3 percent year on year in July, the National Bureau of Statistics (NBS) said Friday.

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