Author: franperez66q@protonmail.com
BEIJING — China’s industrial profits in April surged by 24.7% from a year earlier, according to official data released Wednesday, marking the fastest growth since November 2023.The increase accelerated from a 15.8% rise in March, according to China’s biggest financial data provider Wind Information.For the first four months of the year, enterprise profits rose 18.2%, up from 15.5% growth in the first quarter.China reported slower economic growth in April, with a 4.1% increase in industrial output and a 0.2% rise in retail sales from a year ago. Fixed asset investment fell for the first four months of the year as…
Samsung union workers approve wage deal with 74% support; shares surge Source link
Steam cracker units at the BASF Zhanjiang Verbund site in Zhanjiang, Guangdong province, China, on Thursday, March 26, 2026.Bloomberg | Bloomberg | Getty ImagesBEIJING — More European companies are maintaining or expanding their supply chains in mainland China to remain competitive globally, according to a survey released Wednesday by the European Union Chamber of Commerce in China.Nearly one-third of respondents said they were onshoring further in China, while 37% said they had not changed their supply chain strategy over the last two years, the report said.The survey was based on responses from nearly 300 members collected from January to February…
Mark Carney, Canada’s prime minister, during a news conference in Ottawa, Ontario, Canada, on Thursday, May 14, 2026. David Kawai | Bloomberg | Getty ImagesCanadian Prime Minister Mark Carney has labeled oil-rich Alberta’s separatist movement a “dangerous bluff” that echoes the U.K.’s Brexit vote of 2016. Speaking to reporters in Ottawa on Monday, Carney shared “an observation from experience.” “In these separation issues, it is often advanced that, ‘vote for this and it’s a free option. Vote for this and we will strengthen our hand in future negotiations.’ That is a very dangerous bluff,” he said. “I saw first-hand what…
The logo of SK hynix is displayed on a glass wall during the 2026 World IT Show in Seoul on April 22, 2026. Jung Yeon-je | Afp | Getty ImagesShares of SK Hynix jumped as much as 11% on Wednesday, lifting the South Korean chipmaker’s market capitalization above $1 trillion as investors continued to pile into artificial intelligence-linked semiconductor stocks.The rally extended a blistering run that has seen SK Hynix shares skyrocket about 250% since the start of the year, fueled by surging demand for high-bandwidth memory chips used in AI servers and accelerators. The company has emerged as a…
Chemical tank rupture in Washington state causes multiple deaths and injuries Source link
SpaceX and the Pentagon have been bickering about the price of using Starshield satellite service during the Iran war, according to a Reuters report published today. It appears that SpaceX asked the military for more money after it started using satellite terminals on “kamikaze” attack drones in Iran. SpaceX CEO Elon Musk claimed the Reuters report is wrong. But Musk also said the military drones initially used the commercial Starlink service instead of the government-specific network, in violation of Starlink’s terms of service. Musk blamed the violation on the contractor that built the drones for the government. The Reuters report,…
Campaigners welcome the move but say passengers are mostly worried about train fares and delays. Source link
Hong Kong’s Victoria Harbour.Yaorusheng | Moment | Getty ImagesAsia-Pacific markets were set to open mixed Wednesday as investors assessed recent U.S. military action in Iran, the fragile state of the Washington-Tehran ceasefire and optimism that a deal could still be reached.U.S. forces carried out what the Pentagon described as “self-defense” strikes in southern Iran early Tuesday, targeting missile launch sites and Iranian vessels allegedly attempting to deploy mines, even as Washington insisted it was still observing restraint under the ongoing ceasefire framework. The military action highlighted the fragile truce between Washington and Tehran, with both sides continuing to test limits…
Brazil senator and presidential contender Flavio Bolsonaro meets Trump at White House Source link