China: Local governments to halt infrastructure projects
BEIJING – China has instructed heavily indebted local governments to delay or halt some state-funded infrastructure projects, three people with knowledge of the situation said, as Beijing struggles to contain debt risks even as it tries to stimulate the economy. … Continue reading China: Local governments to halt infrastructure projects
Volkswagen China plans to hire 3,000 engineers
WOLFSBURG/SHANGHAI – Volkswagen has announced that it plans to hire around 3,000 engineers in China by the end of 2024 to speed up its electric car production and reduce costs. The company wants to strengthen its position in the world’s … Continue reading Volkswagen China plans to hire 3,000 engineers
HONG KONG: A leading global center in AI
HONG KONG – hongArtificial intelligence is changing the world in the 21st century just as profoundly as steam engines did in the 19th century and motor vehicles in the 20th. The changes are all around us already, have often been seamlessly integrated … Continue reading HONG KONG: A leading global center in AI
AMEX: Business travel boosts employee commitment
NEW YORK – Business travel is not only a way to meet clients and partners, but also a key factor in enhancing workplace culture, employee commitment, and professional development, according to a new study by American Express Global Business Travel … Continue reading AMEX: Business travel boosts employee commitment
EU: Strengthening strategic partnership with ASEAN, India
BRUSSELS – The EU is seeking to deepen its trade ties with Asian countries to promote economic prosperity and limit the influence of China and Russia in the region. To this end, it is currently negotiating with several countries about … Continue reading EU: Strengthening strategic partnership with ASEAN, India