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China unveils more plans to spur car demand
China on Thursday announced a raft of new steps to spur consumer demand for cars, saying it would consider extending…
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China plans $75 billion infrastructure fund to revive economy
China will set up a state infrastructure investment fund worth 500 billion yuan ($74.69 billion) to spur infrastructure spending and…
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UK retail sales drop on high inflation
British retail sales by volume dropped in May as soaring inflation caused consumers to limit spending, especially on food, official…
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Global port congestion, high shipping rates to last into 2023
Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives…
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Asian companies’ profits drop for first time in 7 quarters
Earnings by Asian companies in March declined for the first time in seven quarters, dented by slowing demand due to…
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Alibaba and JD.com stocks rally on hopes tech crackdown may be over
Shares in Chinese tech companies have surged this week on hopes that Beijing is close to ending a yearlong regulatory…
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The new MacBook Air might come with a long wait time
COVID-related closures in China may affect its launch date Apple is poised to reveal a new MacBook Air at its…
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Eurozone services PMI declines in May
Eurozone composite purchasing managers’ index declines to lowest in 4 months Eurozone services purchasing managers’ index (PMI) fell to 56.1…
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Turkey climbs in WEF’s Tourism Development Index
Turkey has moved up four places in the World Economic Forum’s (WEF) Travel and Tourism Development Index to rank 45th…
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Apple looks to boost production outside China
Apple Inc has told some of its contract manufacturers that it wants to increase production outside China, the Wall Street…
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