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Mercedes-Benz, China's battery giant expand partnership for future battery technologies

German carmaker Mercedes-Benz and China's battery giant Contemporary Amperex Technology Co. Limited (CATL) will expand their partnership to develop future battery technologies, the two companies anno

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Decoy receptor neutralizes coronavirus in cell cultures: study

To contain the spread of the COVID-19 pandemic, a study of the University of Illinois (UI) suggests luring the virus with a decoy - an engineered, free-floating recepto

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German carmaker BMW fully confident about China's positive business prospects: spokesman

German carmaker BMW remains fully confident about the positive mid- and long-term business prospects of China, a spokesman of the company told Xinhua in a recent interview. "We stand firm on BMW's lo

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Genomics startup Helix receives $33 million in NIH funding to scale COVID-19 testing

The U.S. National Institutes of Health (NIH) is revealing the first beneficiaries of its Rapid Acceleration of Diagnostics (RADx) program, and San Mateo-based Helix is on the receiving end of $33 mil

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Central Military Commission urges study of third volume of "Xi Jinping: The Governance of China"

The general office of the Central Military Commission has issued a circular requiring the Chinese People's Liberation Army (PLA) and the People's Armed Police Force (P

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Investment in AI startups slips to three-year low

The fortunes of startups that leverage artificial intelligence have soared dramatically in recent years.These AI-powered startups have seen quarterly investment totals rise from a few hundred rounds a

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Visa reports 23% drop in quarterly profit hit by coronavirus

U.S. digital payment service provider Visa reported a 23-percent-drop in quarterly profit as consumer spending continued to be pressured by high unemployment due to lockdowns aimed at curbing the

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German renewable energy subsidies in high demand despite COVID-19: minister

The German government's subsidy scheme for renewable energies and energy efficiency in the building sector remained popular in the second quarter of 2020 despite the co

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China's stock market attracts over 1.55 mln new investors in June

A total of 1.55 million investors opened accounts to trade stocks on China's Shanghai and Shenzhen bourses in June, up 46.72 percent year on year, industry data showed.Individual investors stood a

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Despite Tesla-led hype, private investment in EV startups appears steady

Earlier today, news broke that Xpeng, a China-based electric vehicle company has raised $500 million, adding to its 2019-era $400 million Series C. The round, a Series C+ investment, brings the compan

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China's shipbuilding industry continues leading globally

VCG China's shipbuilding industry maintained its leading position globally in the first half of the year as it held sway in three key aspects, the Ministry of Industry and Information Technolo

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ICBC sees steady DFI underwriting business growth in H1

The Industrial and Commercial Bank of China (ICBC), the country's biggest commercial lender, saw its business of debt financing instruments (DFI) underwriting expand st

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China's shipbuilding industry continues leading position globally: ministry

China's shipbuilding industry maintained its leading position globally in the first half of the year (H1) as it held sway in three key aspects, the Ministry of Industr

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Angola signs contract of using Chinese Huoyan laboratory in combating COVID-19

Angolan government and China Shenzhen BGI group held an online contract signing ceremony on Thursday to boost its COVID-19 detection capacity. Angola will entrust BGI

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Startup launches innovative new product that pays Amazon marketplace sellers daily

Third-party sellers are the dominant driver of sales on Amazon’s marketplace, accounting for 58% of its total and growing. We know that the pandemic, ironically, has been good for Amazon, which has

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China's trade with top partner ASEAN up 5.6 pct in H1

The Association of Southeast Asian Nations (ASEAN) became China's biggest trading partner in the first half of this year, accounting for 14.7 percent of the nation's t

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S&P 500 and Nasdaq end lower after sharp drop in tech titans

The SP 500 and Nasdaq ended lower on Monday, pulled down by Amazon, Microsoft and other recent big-name leaders of Wall Street's recent rally.The SP 500 dipped after briefly touching its highest l