Despite registering a 2.3% year-on-year fall in sales, General Motors and its Chinese partners have sold a record number of small-engine cars in China. In 2016, General Motors and its joint venture partners have sold 3.87 million vehicles in China,… Read More ›
China
Leaving a SWIFT token inside a connected computer, key to cracking world’s biggest cyber heist
Even after 11 months of investigation by half a dozen of the world’s investigative agencies, no suspect has been arrested in a case that has highlighted vulnerabilities in SWIFT. According to Mohammad Shah Alam, a deputy inspector with the Bangladesh… Read More ›
L’Oreal expands its investments in tech startups
This investment of several million euros by L’Oreal is alongside several companies including Cisco, Nokia and Accenture marks the French giant’s embrace of digital technology which not only caters to beauty products but also educates consumers in the process. French… Read More ›
Iran opens its North Azadegan and Yadavaran oilfields for development
These oilfields were initially developed by Chinese companies, such as Sinopec and China National Petroleum Corp, however following their lackluster performance which were found wanting, Iranian officials have now thrown open the doors to international players. A per a senior… Read More ›
Lockheed Martin to drive down cost of F-35 fighter jet program
The alternative to Lockheed Martin’s F-35 fighter aircraft is Boeing’s F-18, an older generation aircraft which lacks the distinctive stealth capabilities of the F-35. Marillyn Hewson, Lockheed Martin’s CEO has told U.S. President-elect, Donald Trump, that she is committed to… Read More ›
General Motors to expand testing & production of self-driving cars
GM to build next generation self-driving cars in its factory in Michigan. In a strategic development that signals General Motor’s potential launch of new self-driving vehicles, the company’s CEO, Mary Barra has disclosed that the automaker will be expanding… Read More ›
China flexes economic muscles, reminds Trump of its economic might
Beijing is stating rather bluntly that resetting ties with Taiwan has an economic cost attached. In a tit-for-tat move, Beijing’s China Daily newspaper has quoted a senior state planning official as saying the country will soon slap a penalty on… Read More ›
Chinese economy gathering momentum for a lift-off
Beijing’s services sector has recorded impressive growth, while its manufacturing sector has just marginally improved its standing. With its property market heating up, its official Purchasing Manager’s Index is also gathering steam. 2017 could be a promising year for China… Read More ›
The Chinese make good tourists
The economic cost of the Chinese splurge abroad is offset by the surplus generated by the country’s manufacturing and trading sector. China’s foreign exchange regulator has noted that the country’s trade deficit in the services sector has yawned to $21.0… Read More ›