Jittery investors worried over the slowdown in the Chinese economy caused sell offs in many markets, resulting in the worst week for U.S. stocks.
After offering to its Japan-based worker an option to work for only four days a week, Japanese fashion brand Uniqlo plans to make available the same benefit to its workers based in the U.S.
Coca-Cola plans to invest $4 billion for its China operations over the next three years, as announced by chair and CEO Muhtar Kent at the site of a new plant in Hebei Province, north China, on Friday, Aug. 21, the Xinhua News Agency reported.
Canadian subscribers of the adultery website Ashley Madison filed on Thursday a $578-million class-action suit against the operators of the portal.
Market research firm Gartner Inc. has revealed on Thursday, Aug. 20, that smartphone sales in China, the world's biggest market for the devices, fell for the first time in the second quarter, the China Daily reported.
Dianrong.com has received on Thursday, Aug. 20, the largest round of funding in China's peer-to-peer lending sector worth $207 million cash infusion from a group of investors led by global lender Standard Chartered Plc., the China Daily reported.
Shenzhen-based electric carmaker BYD may have shifted its position on the type of fuel cell used in its products, as indicated by a recent government document on electric vehicles, the China Business News reported.
Analysts agree that Airbnb's expansion plan in China may need the help of private equity investment firms. This expansion is also regarded as a way to push local competitors to step up their game.
Wang Jianlin is currently China's richest man, with a personal wealth of $42.6 billion. He grabbed the spot from Hong Kong's real-estate mogul, Li Ka-shing.
Victor Koo, the founder of popular video-sharing site Youku.com, is about to shake up the online entertainment industry. His move starts with renaming his company, changing it back to its original moniker, Heyi Group.
In a China Business News report, China was cited as one of the countries who have started to utilize and apply 3D printing technology to precision health care.
Chinese tech giant Xiaomi recently announced its plan to invest in companies based in India that develop apps and online services. This is part of the Xiaomi’s strategy to broaden its own MIUI mobile platform.
The recent and continuing deterioration of China’s economy spells the possibility of the next global recession, according to some expert economist. Many experts feel that China, the world’s second biggest economy, is currently facing major economic problem.
The state of Washington recently reported that it is facing an unemployment rate of 5.3 percent. The recently reported statistics equaled to the national unemployment rate of the United States.
Consumer prices in the United States once again rose despite the significant drop of airline fare and gasoline price. The US Federal Reserve still plans to raise interest rates before the end of the year.
