Bombardier China venture wins second high-speed train carriage contract despite diplomatic tensions December 13, 2018 Bombardier’s shares were down today as it announced it is to supply high-speed train cars to China’s state-owned railway company for $453m (£358.6m) as part of a joint venture (JV). The Canadian manufacturer’s 20-year-old Chinese JV, Bombardier Sifang (Qingdao) Transportation (BST), today said China Railway Corp (CRC) had awarded it the contract to supply 168 [...]
Huawei Matebook X Pro review: The Chinese tech giant’s laptop is a true MacBook Pro rival December 13, 2018 Huawei has been in the headlines for all the wrong reasons lately. The news comes at a time when the Chinese phone giant is only just beginning to drum up some real brand recognition in Western markets. In a few short years critics have stopped making jokes about how difficult it is to pronounce the company’s name [...]
Chinese streaming giant Tencent Music raises $1.1bn in IPO December 12, 2018 Chinese tech giant Tencent will raise roughly $1.1bn (£877m) in the US initial public offering (IPO) of its music streaming division. Tencent Music priced its shares at $13 each, at the low end of its $13-$15 range, and will begin trading on the New York Stock Exchange today. The share price puts Tencent Music’s value [...]
DEBATE: Can we stop worrying now that earnings are rising at their highest rate in a decade? December 12, 2018 Can we stop worrying now that earnings are rising at their highest rate in a decade? Michael Hayman MBE, co-founder of Seven Hills and co-author of Mission: How the Best in Business Break Through, says YES. May you live in interesting times – the old Chinese curse has found new life in Brexit Britain. Mired in [...]
China reduces tariffs on US cars to 15 per cent amid signs trade war is softening December 11, 2018 China has agreed to reduce tariffs on US cars from 40 per cent to 15 per cent. Shares in US car firms jumped slightly on immediate reaction to the news. Shares in General Motors were up 2.8 per cent, while Tesla was up 0.7 per cent and Ford 0.65 per cent. Meanwhile, US markets were up slightly [...]
Google chief denies tech giant has plans to launch censored search engine in China December 11, 2018 Google's chief executive, Sundar Pichai, has said the firm has "no plans" to launch a censored version of its search engine in China in testimony before US lawmakers at a hearing this afternoon. The comments came despite widespread reports of such efforts, as well as a letter from Pichai to senators in August which that said providing such a service could [...]
The risks and opportunities of doing business with China December 11, 2018 Few doubt the enormous opportunity that exists in doing business with China, particularly as the country’s external business and foreign policy, namely the Belt and Road Initiative (BRI), continues to drive economic development around the globe. However, this opportunity also brings with it very real challenges. And whether an opportunity blossoms into a round of [...]
Google chief to appease lawmakers in return to US patriotism December 11, 2018 Google's chief executive Sundar Pichai is expected to flaunt the company's American roots at a US congressional hearing today, in a bid to appeal to lawmakers' inner patriotic sentiment. In written testimony published ahead of the hearing, Pichai highlighted Google's contributions to the US economy, support for American jobs and numerous bases across the country. "It's [...]
Apple banned from selling seven iPhone models in China after Qualcomm dispute December 10, 2018 US telecoms giant Qualcomm has won two preliminary injunctions against Apple banning the importation and sale of several iPhone models in China. Apple shares dipped by as much as two per cent today after a Chinese court ruled that the sale of seven iPhone models infringed upon two of Qualcomm’s patents, before later recovering most [...]
Huawei chairman steps into CFO role after Canada arrest sparked global sell-off December 7, 2018 Chinese tech company Huawei has appointed its chairman as acting chief financial officer following the arrest of CFO Meng Wanzhou in Canada. Liang Hua will take on the additional responsibilities of CFO after a turbulent day for the company saw its share price fall by 4.46 per cent. The news rocked markets, triggering a sell-off in Asia, Europe and the US as [...]