World

H&M, the world’s second-largest retailer, experienced a significant setback as its shares plummeted by over 14% following a disappointing second-quarter financial report. Despite an increase in profits compared to the same period last year, the operating profit fell short of analysts’ expectations. This unexpected turn of events raised concerns among investors and led to a
In a recent survey conducted by the China General Chamber of Commerce in the U.S., it was found that a majority of Chinese enterprises remain optimistic about the U.S. market in the long term, despite increasing worries about U.S.-China relations and the overall business environment. The survey revealed that nearly 60% of companies are looking
During the opening of the World Economic Forum’s “Summer Davos” meeting in Dalian, China, Chinese Premier Li Qiang defended the country’s technological development. He emphasized that the rapid rise of China’s new industries is rooted in their unique comparative advantages. These advantages include the country’s large market, industrial network, labor force, diverse application scenarios, and
China and the European Union have reached an agreement to initiate discussions regarding the proposed imposition of tariffs on Chinese-made electric vehicles (EVs) being imported into the European market. This decision marks a significant step in addressing the ongoing trade issues between the two economic powerhouses. Germany’s Economy Minister Robert Habeck revealed that EU commissioner
In a recent interview at the Cannes Lions festival, VaynerMedia CEO Gary Vaynerchuk discussed the significant shift in social media advertising brought about by algorithms. Vaynerchuk highlighted how social media platforms have transitioned from a model where brands would amass followers and then post content to a more algorithm-driven approach. This shift has led to