[ad_1] CNN — Saudi Arabia’s Crown Prince Mohammed bin Salman welcomed Chinese President Xi Jinping with a lavish reception in the capital Riyadh on Thursday, as the two countries head for a number of summits heralding an “epoch-making milestone” in China’s relations with the Arab world. Saudi state TV showed …
Read More »
[ad_1] The Chinese government’s move Wednesday to further roll back strict Covid-19 measures should boost the prospects for a host of Club holdings with substantial operations in China, including Estee Lauder (EL), Wynn Resorts (WYNN) and Starbucks ( SBUX), all of which have been weighed down by nearly three years …
Read More »
[ad_1] CNN — Chinese President Xi Jinping landed in the Saudi Arabian capital Riyadh on Wednesday for a multiple-day visit, China’s official news agency Xinhua reported, amid frayed ties between the two countries and the United States. Saudi state TV showed Xi walking down the steps of his presidential aircraft …
Read More »
[ad_1] Tesla needed to lower prices amid sliding demand this year — and that may not be the end of the cuts going forward, according to Bernstein. Analyst Toni Sacconaghi, a longtime bear on the electric car maker, reiterated his underperform rating on the stock and lowered his fourth-quarter and …
Read More »
[ad_1] Editor’s Note: 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 zero-Covid policy, which stalled the world’s …
Read More »
[ad_1] A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. Annegret Hilse | Reuters Check out the companies making headlines in midday trading. Tesla – The electric vehicle giant slid 6.4% after Bloomberg first reported Tesla planned to cut output of …
Read More »
[ad_1] Hong Kong CNN Business — Global traders are increasingly feeling more bullish on China, as they bet the country will gradually unwind Covid restrictions following widespread protests. Multiple cities across China loosened Covid-19 restrictions over the weekend. Starting Monday, Shanghai residents will no longer require a negative Covid test …
Read More »
[ad_1] Editor’s Note: Sign up to get this weekly column as a newsletter. We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN — “We were the people who were not in the papers,” says the narrator of Margaret Atwood’s “The Handmaid’s …
Read More »
[ad_1] London CNN — Beijing has set up more than 100 so-called overseas police stations across the globe to monitor, harass and in some cases repatriate Chinese citizens living in exile, using bilateral security arrangements struck with countries in Europe and Africa to gain a widespread presence internationally, a new …
Read More »
[ad_1] Hong Kong CNN Business — Protests this week across China show just how unpopular Beijing’s zero-Covid policy has become. Now, even as the country signals it may loosen pandemic controls, it faces another challenge: Local governments charged with conducting mass testing and enforcing quarantine are running short of cash …
Read More »