text

Cambricon's shares surge by almost 300% at opening bell in IPO debut

STAR Market, China's new Nasdaq-style tech board, is seen before the listing ceremony of the first batch of companies at the Shanghai Stock Exchange (SSE) in Shanghai, China, July 22, 2019. /Reut

text

SoftBank quietly sells $2.2 bn in Alibaba shares as fund losses mount

The SoftBank logo seen in Tokyo, Japan, June 16, 2020. /VCG To pay down debt and buy back shares, SoftBank quietly sold an additional 2.2 billion U.S. dollars of its shares in Alibaba Group in

text

China's fiscal revenue rose 3.2 percent in June as economy recovers

China's fiscal revenue rose 3.2 percent year-on-year in June as the country's economy bounced back from the coronavirus shock, marking the first expansion this year, the finance ministry said Frid

text

China's total import and export value down 3.2% in H1 2020

In the first half of 2020, China's total import and export value reached 14.24 trillion yuan, with a decrease of 3.2 percent y-o-y, customs data showed Tuesday.

text

Pope 'very pained' by decision to turn Istanbul's Hagia Sophia museum into mosque

Pope Francis said on Sunday he was hurt by Turkey’s decision to make Istanbul’s Hagia Sophia museum a mosque, the latest religious leader to condemn the move.“My though

text

German chemicals giant BASF posts huge Q2 loss

German chemicals giant BASF on Friday reported a huge second-quarter loss owing to a massive write-down and an auto sector slump generated by the coronavirus crisis.The group said preliminary resu

text

Japan's Uniqlo operator downgrades profit outlook on pandemic

VCG Uniqlo operator Fast Retailing reported plunging profits and lowered its annual profit outlook on Thursday, with the Japanese giant citing the impact of the coronavirus pandemic, which for

text

Arm plans to spin off IoT businesses under Softbank banner, as it focuses on core chip design business

Arm today announced plans to spinoff its two IoT business, a move that would effectively transfer the divisions under the broader umbrella of Softbank Group core, which purchased the chip designer bac

text

China's economy to expand in Q2: experts

China's economy will return to positive growth in the second quarter of this year in fresh signs of post-epidemic restoration, experts said. Li Chao, an economist with Zheshang Securities, expects t

text

Value-added of China's digital economy totals $5 trillion in 2019

00:54 The value-added of China's digital economy registered 35.8 trillion yuan (about 5.07 trillion U.S. dollars) in 2019, accounting for 36.2 percent of the country's GDP, up by 1.4 p

text

AR 1.0 is dead: Here’s what it got wrong

The first wave of AR startups offering smart glasses is now over, with a few exceptions.Google acquired North this week for an undisclosed sum. The Canadian company had raised nearly $200 million, but

text

Shanghai's beef imports register strong rise in Jan-May

A total of 394,000 tonnes of beef were imported via Shanghai Customs in the first five months of this year, up 51.8 percent from the same period last year, data from t

text

NASA sets path for up to six more Artemis Moon exploration missions with SLS booster order

NASA has laid the groundwork for an order of up to six additional SLS solid core booster rockets, from supplier Northrop Grumman, the agency announced this week. The six additional boosters would join

text

Online payment clearinghouse reports surging transactions during holiday

Chinese online payment clearinghouse NetsUnion Clearing Corporation reported an increasing number of online transactions during the three-day Dragon Boat Festival holi

text

Brazil announces agreement with UK to produce COVID-19 vaccine

A citizen receives a coronavirus test at a drive-through testing site in Brasilia, Brazil, June 12, 2020. (Photo by Lucio Tavora/Xinhua)The vaccine project is currently in phase 3 of development, the

text

Olympus plans to sell its struggling camera division

Olympus cameras have fallen. After three straight years of operating losses, one of the world’s foremost camera makers in giving up the ghost. The Japanese tech giant this week announced its intention

text

UK plans emergency cut in value-added tax: The Times

British Finance Minister Rishi Sunak is ready to cut the value-added tax (VAT) as part of the government's latest efforts to tackle economic fallout from the coronavirus outbreak, the Sunday Times ne