Europeans will have to wait less long for their Teslas ordered from the end of this year. The automaker will export cars from its mega factory in Shanghai too, among other places, Europe, where this market is still entirely dependent on deliveries from the United States. The China-built Tesla […]
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China Wants International Standards on Data Security
China is calling for an international standard in data security. For example, the Chinese have drawn up rules to prevent foreign governments from stealing data from other countries. It is in response to US allegations that services such as TikTok and WeChat are sharing user information with Beijing. The […]
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UK Retailers are Recovering Slightly Faster Than Expected
The British retail sector is recovering slightly faster than economists expected. In July, sales were up 2 percent from the previous month, the British statistics office reports. Non-food sales rose by 10 percent but remained below pre-corona levels. The sales increase is a bright spot in a series of […]
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Zuckerberg is Already Making A Statement to Congress Public
Facebook CEO Mark Zuckerberg will defend the social media company on Wednesday for a Congressional hearing saying it faces intense competition. He also points to China’s growth as an internet superpower. Zuckerberg’s written testimony, which was released on Tuesday, states that Facebook has become successful in the American way […]
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Italy and Spain Welcome Billions Fund to Invest and Reform
The heads of government of Italy and Spain have reacted with delight to the agreement on the corona repair fund. Italy says it will receive 209 of the 750 billion euros and Spain counts on 140 billion. Italian Prime Minister Giuseppe Conte stated that the billions in loans and […]
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KLM, Corendon, Transavia and TUI Offered Unsolicited Vouchers
During the corona crisis, KLM, Corendon, Transavia and TUI offered unsolicited vouchers without a choice of reimbursement or another flight. They also did not offer passengers who objected to the vouchers the option to get their money back. Minister Cora van Nieuwenhuizen of Infrastructure and Water Management reported this […]
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The Stock Market in Japan Ended Lower on Tuesday
The stock market in Japan ended lower on Tuesday. Investors slowed down after the sharp price increases a day earlier. The Japanese technology companies, in particular, were sold in the wake of the significant loss of the American technology indicator Nasdaq. The other exchanges in the Asian region also […]
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Samsung Expects Better Earnings in the Second Quarter Than Expected
Electronics giant Samsung expects better earnings in the second quarter than expected, thanks in large part to strong sales in the memory sales department. The South Korean tech giant announced this on Tuesday. The company expects operating profit to increase by 22.7 percent year on year from April to […]
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The Stock Market in Japan Ended Higher Again on Wednesday
The stock market in Japan ended higher again on Wednesday. Investors pulled up on higher closing positions on Wall Street and easing corona measures in several countries, including Japan. The other stock market indicators in the Asian region showed a mixed picture. The escalating tensions between the United States […]
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China Disagrees With the Restrictions That the United States Has Imposed on Chinese Airlines
China disagrees with the restrictions that the United States has imposed on Chinese airlines. US Deputy Secretary of Transportation Joel Szabat required seven Chinese airlines to report all of their flights to the US by May 27 because he wants to see if they might “violate existing laws or […]