The Latest Breaking News from China

Europe Kickstarts Reviewing AstraZeneca Application For Its COVID Antibody

European Medicines Agency has started reviewing AstraZeneca Plc's (NASDAQ:AZN) application for antibody-based COVID-19 therapy but gave no timeline for a conclusion. Infections from COVID-19 are still rising in parts of the world, including Europe. On Tuesday, China posted a steep jump in daily COVID-19 infections, with new cases more than doubling from a…

Benzinga · Mar 16, 2022

Apple iPhones Led Smartphone Sales As 5G Handsets Formed Over 50% Of Sales

Apple Inc’s (NASDAQ:AAPL) iPhones led the mobile industry to a landmark in January, as handsets with 5G cellular networking accounted for 51% of smartphone sales for the first time, Bloomberg reports. Recently, Apple launched a 5G model in its budget-friendly iPhone SE series, at half its average flagship device priced at $429. Chinese brands Xiaomi…

Benzinga · Mar 16, 2022

Apple's Key Supplier Resumes Partial Operation At Shenzhen Campuses

Apple Inc (NASDAQ:AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC: HNHPF), also known as Foxconn, resumed partial operations and production at its two Shenzhen campuses, one of which makes iPhones, after assuming Covid measures, Bloomberg reports. Foxconn had suspended operations after Shenzhen imposed a city-wide lockdown, including its Guanlan factory. Foxconn has resumed some production at…

Benzinga · Mar 16, 2022

Volkswagen Aero B Concept Debuts In April With 435 Miles Of Range

First deliveries start in the second half of 2023, initially in China.

Motor1 · Mar 16, 2022

Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees

Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) employees saw a job cut of 30%, the Print reports as per speculation on Weibo Corp (NASDAQ:WB). Internal speculation among employees was that Alibaba looked to lay off 30% of its employees while Tencent between 10% - 30% of its employees. Tencent started layoffs within small business…

Benzinga · Mar 16, 2022

Here's Why Alibaba And Other Chinese Stocks Are Trading Higher Premarket

China's top financial policy body swore to ensure stability in capital markets, support overseas stock listings, resolve risks around property developers and complete the crackdown on Big Tech "as soon as possible," 

Benzinga · Mar 16, 2022

Once again, America is in denial about signs of a fresh Covid wave

In the past couple of weeks, UK, Germany, France and others are experiencing a new wave. The US should get ready

The Guardian - US · Mar 16, 2022

Dada Nexus Provides COVID Self-Test Kits Online In China

China-based Dada Nexus Ltd (NASDAQ:DADA) said its local on-demand retail platform, JDDJ, will start booking COVID antigen self-test kits online. Consumers can start to book self-test kits by searching on the platform or entering the epidemic prevention section of the medical channel.  JDDJ will provide one-hour home delivery services in partnership with chain pharmacies…

Benzinga · Mar 16, 2022

Making endless war great again

The doctrine of perma-war dominated the world for 40 years. Thanks to Putin, the U.S. and the arms biz, it's back

Salon · Mar 16, 2022

UN Extends S. Sudan Peacekeeping Mission for One Year

The UN Security Council voted Tuesday to prolong its peacekeeping mission in South Sudan for one more year, after Russia and China chose to abstain. The Council's 13 other members all voted in favor of the resolution, which extends the UN Mission in South Sudan (UNMISS) until March 15, 2023…

Asharq Al-Awsat · Mar 16, 2022