Coach owner Tapestry predicts China troubles will start to ease in June
Customers walk past a Coach store at Shanghai New World Daimaru department store on August 12, 2019 in Shanghai, China. VCG | Visual China Group...
World economy
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Dubai Airports passenger traffic may reach pre-Covid levels earlier than expected, CEO says
Air passenger traffic in Dubai may reach pre-pandemic levels in 2024, a year earlier than previously expected, Dubai Airports CEO Paul Griffiths said. “We recorded...
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Shanghai’s big automakers saw production plunge by 75% in April after lockdowns began
Although Shanghai began in mid-April to prioritize several hundred companies for resuming work, foreign business organizations have said that doesn’t mean the factories can operate...
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Denmark becomes the first country to halt its Covid vaccination program
Health personnel are preparing injection syringes with Covid-19 vaccine in 2021 in Copenhagen, Denmark. the country has now announced it will suspend its vaccination program...
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China’s capital city loosens robotaxi restrictions for Baidu, Pony.ai in a big step toward removing human taxi drivers
Chinese tech companies Baidu’s Apollo Go and Pony.ai announced Thursday they received permission from Beijing city authorities to remove the safety driver for part of...
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Luxury EV maker Lucid scores order from Saudi government for up to 100,000 vehicles
With 1,050 horsepower, the new Grand Touring Performance edition becomes the most powerful version of Lucid’s electric Air sedan. Lucid Motors Lucid Group said that the...
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Russia was Pepsi’s second-largest international market. What happens next now that it’s pulled out?
Following Moscow’s invasion of Ukraine, multinational companies have withdrawn from Russia in staggering numbers. As of April 22, more than 700 U.S. companies have scaled...
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Woman catches Covid twice within 20 days, marking a new record
A medical worker takes a swab sample from a citizen for nucleic acid test at a testing site in Binhai New Area in north China’s...
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Richard Branson says individuals, governments should cap their energy use to help end the war in Ukraine
Virgin Group founder Richard Branson on Wednesday called on individuals and governments to cap their driving speeds and turn down their heating in a bid...
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China’s Covid policy locks down a city three times the size of New York
The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes...
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How Russia’s war is cutting global auto production
Russia’s invasion of Ukraine has led auto industry watchers to cut production and sales forecasts for the next two years. The crisis has shuttered factories...
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China’s lockdowns are a greater threat to inflation today than in 2020, Bernstein says
China’s automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China’s exports overall, Bernstein analysts found. Yi...