BYD Shares Slide Amid Profit Decline
BEIJING/HONG KONG – BYD, the world’s top electric vehicle (EV) maker, saw its shares tumble as much as 8% in Hong Kong trading Monday, after unveiling its first quarterly profit decline in over three years. The company attributed the slump to … Continue reading BYD Shares Slide Amid Profit Decline
Crackdown on Illegal Mines and Palm Plantations
JAKARTA – In his first State of the Nation address on August 15, President Prabowo Subianto declared a firm assault on unlawful extractive and agribusiness activities. He revealed that 1,063 illegal mining operations, responsible for an estimated Rp 300 trillion … Continue reading Crackdown on Illegal Mines and Palm Plantations
Italy: PM Meloni Reassesses Chinese Investments
ROME – Italy’s government continues to wield its “golden power” authority to curb Chinese influence, particularly in vital strategic assets. Despite pressure from Pirelli leadership to escalate restrictions following Sinochem’s 37 % equity position, Prime Minister Giorgia Meloni’s administration declined … Continue reading Italy: PM Meloni Reassesses Chinese Investments
Chinese Auto Shipments Breeze Through Suez
HONG KONG / CAIRO — Ships loaded with thousands of Chinese-made vehicles are steadily transiting the Suez Canal en route to Europe—while competing automakers in Asia are forced into slower, more costly circuits around the African continent. Analysts suggest this stark … Continue reading Chinese Auto Shipments Breeze Through Suez
Indonesia Turns to China as U.S. Shrimp Tariffs Bite
JAKARTA/GUANGZHOU — Indonesia’s shrimp industry is racing to find new markets after the United States imposed a 19% import tariff on Indonesian shrimp, disrupting a critical export sector that employs over a million workers. The move, part of Washington’s broader trade … Continue reading Indonesia Turns to China as U.S. Shrimp Tariffs Bite