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China
Strong Profit Growth for Webshop Alibaba Due to Cost Savings
The Chinese online store and tech group Alibaba has seen profits rise sharply in the past quarter. The company mainly benefited from major cost savings.
As a result, profit increased by 69 percent annually to 27.7 billion yuan, the…
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At Least 50 Miners are Trapped Underground After Mine Collapse in China
More than 50 people are trapped underground in China's Inner Mongolia region after a coal mine collapsed on Wednesday.
This is reported by the New China news agency.
Three people could be extracted from the mine, two of…
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China Responded Calmly to US President Joe Biden’s Offer to Discuss the Spy Balloon Issue
China has responded coolly to US President Joe Biden's offer to discuss the spy balloon issue. "The US cannot, on the one hand, inflame tensions and escalate the crisis, and then, on the other hand, demand communication and dialogue," Wang…
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Fashion House Hermès Records Turnover Despite China’s Corona Restrictions
The French fashion house Hermès does not seem to have suffered from the strict corona restrictions in China during last year's last quarter.
Turnover rose almost a quarter to a record high of 11.6 billion euros, where experts…
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US Blacklists Six Chinese Companies Over Spy Balloon
The United States has blacklisted six Chinese companies over their alleged involvement in the development of spy balloons.
According to the US Department of Commerce, these companies have contributed to China's People's Liberation…
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China Extracted More Coal Than Ever Last Year
China has extracted a record amount of coal in the past year. A total of 4.5 billion tons of coal was mined, the Chinese statistics office has calculated. That is an increase of 9 percent compared to 2021.
Gas production also…
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China Imported Fewer Chips Due to Corona Restrictions
China imported fewer computer chips last year than a year earlier, China Customs reports. Corona lockdowns and outbreaks in China partly caused the drop of more than 15 percent.
As a result, several factories could not run at full…
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European Commission Wants Extra Effort TikTok for Data Protection
European Commission Vice-President Vera Jourová "counts on" the popular short video app TikTok to "make an extra effort to comply with European data protection laws and regain the trust of European regulators".
"There should be no…
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