Latest China News

A very strong quarter at General Motors is overshadowed by potential headwinds for industry

Jul. 23, 2024 13:48 PM EDT

DETROIT (AP) — U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company's net income 15% above a year ago. And GM Chief Financial Officer Paul Jacobson said he doesn’t see his company cutting...

Stock market today: Major indexes on Wall Street are mixed as a torrent of earnings reports begins

Jul. 23, 2024 13:43 PM EDT

NEW YORK (AP) — U.S. stock indexes on Wall Street were mixed in afternoon trading Tuesday, as earnings reporting season ramps up for big companies. The S&P 500 slipped less than 0.1%, drifting between small gains and losses. The Dow Jones Industrial Average gave up an early...

Rivals Hamas and Fatah sign a declaration to form a future government as war rages in Gaza

Jul. 23, 2024 13:41 PM EDT

RAMALLAH, West Bank (AP) — Palestinian factions Hamas and Fatah agreed in Beijing to form a government together, the groups said Tuesday, in the latest attempt at resolving a longstanding rivalry that looms over any potential vision for the rule of Gaza after the war with Israel. ...

Taiwan's air force cancels drills as typhoon approaches. Naval and land exercises to continue

Jul. 23, 2024 13:06 PM EDT

TAIPEI, Taiwan (AP) — An approaching typhoon prompted the cancellation of air force drills off Taiwan’s east coast on Tuesday, although naval and land exercises were set to continue in other parts of the self-governing island democracy that China threatens to invade. The Air...

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune

Jul. 23, 2024 09:51 AM EDT

PARIS (AP) — For decades, France’s LVMH has been the face of luxury for the wealthy who tote Louis Vuitton bags, don Christian Dior clothing, spritz Bulgari perfume and sip Veuve Clicquot Champagne. This week, the world's dominant luxury group — home to 75 high-end brands...

China's Baosteel to buy out Nippon Steel's 50% stake in auto steel venture

Jul. 23, 2024 05:45 AM EDT

BANGKOK (AP) — China’s Baosteel said Tuesday that it will acquire Nippon Steel’s 50% stake in their auto steel joint venture for about $242 million. The contract for the joint venture, Baosteel Nippon Steel Automotive Steel Sheets, was due to expire on July 30. ...

China's Baosteel says it will acquire Nippon Steel's 50% stake in their auto steel joint venture

Jul. 23, 2024 05:18 AM EDT
BANGKOK (AP) — China's Baosteel says it will acquire Nippon Steel's 50% stake in their auto steel joint venture.

Stock market today: Asian shares are mixed after Wall Street breaks losing streak

Jul. 23, 2024 01:11 AM EDT

BANGKOK (AP) — Shares were mostly higher Tuesday in Asia after U.S. stocks closed broadly higher, as Big Tech stocks took back some of their recent sharp declines. U.S. futures edged lower and oil prices were little changed. Tokyo's Nikkei 225 recovered from early...

United States favored to top overall medal table at Paris Games. China may challenge for most gold

Jul. 23, 2024 01:06 AM EDT

As the Paris Olympics are set to open this week, the United States goes in as the favorite to win the most medals. China is unlikely to overtake the U.S. in the overall medal haul, but has a chance to win more gold medals than the Americans. Though the Games highlight great...

A top Chinese university fires a professor after a student accused him of sexual harassment

Jul. 22, 2024 23:26 PM EDT

HONG KONG (AP) — A top Chinese university fired a professor on Monday, a day after a graduate student accused him of sexual harassment on social media in a rare public allegation and posted recordings as evidence, drawing widespread support. The woman, who identified herself as...