Tag Archives: china

[ad_1] The Valuable 500, a business coalition, released its list of the top 10 most accessible cities in the world.  The report cited a survey conducted among 3,500 individuals with disabilities, who rated cities based on “transport links, proximity of accommodation to attractions, shops, and restaurants, and the availability of …

[ad_1] Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. Hong Kong CNN  —  China’s southern metropolis of Guangzhou has locked down a …

[ad_1] Hong Kong CNN  —  China has reiterated its unswerving commitment to its longstanding zero-Covid policy, despite mounting public frustration the stringent measures are costing the very lives they’re intended to protect. Unfounded rumors of an exit from the costly strategy had sent Chinese stocks soaring last week, but at …

[ad_1] China’s exports and imports unexpectedly contracted in October, the first simultaneous slump since May 2020, as surging inflation and rising interest rates hammered global demand while new COVID-19 curbs at home disrupted output and consumption. The bleak October trade figures highlight the challenge for policymakers in China as exports …

[ad_1] Lots of companies got clocked last week. We saw weakness in a host of industries everything from media to gambling to cloud computing and software sales. The pain in the technology sector seems to know no bounds, as we mark one year ago this month since the Nasdaq last …

[ad_1] Outbreaks, port refusals, travelers stuck onboard. Cruise ships dominated the news in early 2020 for all the wrong reasons. Some people predicted the industry would never recover. But cruising fans say: That’s ancient history.   “Given a choice, we would be living on the cruise ship for the remainder …

[ad_1] Hong Kong/London CNN Business  —  German Chancellor Olaf Scholz arrived in China on Friday with a team of top executives and a clear message: business with the world’s second largest economy must continue. Scholz met with Chinese leader Xi Jinping at Beijing’s Great Hall of the People after landing …

[ad_1] Hong Kong CNN  —  The death of a 3-year-old boy following a suspected gas leak at a locked down residential compound in northwestern China has triggered a fresh wave of outrage at the country’s stringent zero-Covid policy. The boy’s father claimed in a social media post that Covid workers …

[ad_1] Club holding Starbucks (SBUX) reported strong fiscal fourth-quarter results after the closing bell Thursday, giving us confidence that demand can endure the softness in the global economy and China’s continued adherence to its zero-Covid policy. Revenue advanced to a quarterly record of $8.4 billion, exceeding expectations of $8.31 billion. …

[ad_1] Estee Lauder (EL) reported a better-than-expected fiscal first quarter, but a downbeat forecast for the rest of its fiscal year sent shares lower Wednesday. However, if not for our Club trading restrictions , we would have been buyers on the weakness. First, the headline numbers: Quarterly revenue declined 11% …