Category: Industry

Beijing, The slump in China’s exports likely eased in June as some countries reopened their economies, while imports contracted less sharply on higher crude oil and commodities purchases.   June exports from the world’s second-largest economy are expected to have contracted 1.5% from a year earlier, according to a median estimate from the survey of 32 economists, easing from a decline of 3.3% in May, a Reuters poll showed on Monday.   Imports likely fell…

Shanghai, Smartphone shipments in China fell 16% in June compared with a year earlier, government data released on Tuesday.   The numbers suggest that handset demand in China remains lukewarm despite the country’s recovery from the coronavirus pandemic, boding poorly for Apple Inc and its local rivals like Huawei Technologies Co Ltd, according to Reuters.   Phone makers shipped 27.7 million handsets in June, down from 32.7 million in June 2019, according to the China…

New York, Roughly five hours after an internal email went out Friday to Amazon employees telling them to delete the popular video app TikTok from their phones, the online retailing giant appeared to backtrack, calling the ban a mistake.   “This morning’s email to some of our employees was sent in error,” Amazon emailed reporters just before 5 p.m. Eastern time. “There is no change to our policies right now with regard to TikTok.”  …

Shanghai, U.S. electric vehicle maker Tesla Inc is “very close” to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.   “I’m extremely confident that level 5 or essentially complete autonomy will happen and I think will happen very quickly,” Musk said in remarks made via a video message at the opening of Shanghai’s annual World Artificial Intelligence Conference (WAIC),…

Tokyo, The dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the U.S. currency.   China’s yuan rose to a four-month high against the greenback, extending recent gains as investors of all stripes increase positions in Chinese stocks due to growing signs of a recovery in the world’s second-largest economy, according to Reuters.   Lingering worries about the…

Manama, Bahrain Bourse (BHB) announced that starting Thursday July 9, and according to the invitation announced by the Central Bank of Bahrain (CBB), Bahraini and Non-Bahraini investors can directly subscribe through the primary market of BHB in the Government Islamic Leasing (Ijarah) Sukuk (BHD 125 million) that has been issued by the CBB on behalf of the Government of Bahrain by executing their orders through registered brokers at Bahrain Bourse.   Thereafter, investors will be…