global

China’s exports gain steam but outlook cloudy as global growth cools

China July exports grow at faster pace, beat forecast Imports again disappoint, highlighting weak domestic demand Trade balance hit record high in July Weak foreign demand adds stress to trade, economic outlook BEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its …

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Beyond Meat sinks on Q2 earnings miss, cutting 4% of global workforce

Editor’s Note: This post is breaking and will be updated Beyond Meat (BYND) reported fiscal second quarter results that missed estimates as the company battles operational headwinds and weak margins. Beyond Meat’s stock dropped in after-hours trading with shares down as much as 6%. Here are Beyond Meat’s second quarter results compared to Wall Street’s …

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China has come closer to the US that ever before, with their companies bringing in almost as much total revenue as world leaders America

Revenue from firms in China comes close to knocking American companies off the global top spot

China has almost knocked American companies off the top spot of the largest global revenue created per country, according to Fortune’s Global 500. Businesses in China have brought in $204.6million less than the US this year, marking the closest the two countries have ever been in the global revenue stakes. Compared to the US, China …

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Shipping firm Maersk, a barometer for global trade, warns of weak demand and warehouses filling up

A.P. Moller-Maersk, is one of the world’s biggest container shippers with a market share of around 17%, and is widely seen as a barometer of global trade. Andia | UIG via Getty Images AP Moller-Maersk on Wednesday predicted a slowdown in global shipping container demand this year amid weakening consumer confidence and supply chain congestion. …

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Xiaomi 12S Ultra: From an iPhone clone to a global powerhouse – the student becomes the master?

For those who don’t know, Xiaomi is much more than just a smartphone company. Sort of like Samsung, the Chinese brand makes/produces home appliances, but it also has a bunch of “side hustles’, like the Xiaomi Electric scooter (one of the best-selling electric scooters worldwide), and, more recently, a prototype EV set to be unveiled …

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