BASF inaugurated Thursday its massive Verbund integrated chemical complex in Zhanjiang, Guangdong province, southern China the company's biggest single investment in 160 years at 8.7 billion euros across four square kilometers employing over 2,000. Launch timing shadows short-term profitability amid......
China has expressed its willingness to address trade and economic issues with the Netherlands through dialogue, Wang Wentao said while meeting his Dutch counterpart on the sidelines of a WTO conference in Cameroon. The discussions included bilateral cooperation in the semiconductor sector and matters......
China Eastern Airlines announced on Wednesday that it has signed a contract with Airbus to purchase 101 A320NEO aircraft, according to a filing with the Shanghai Stock Exchange. The total list price for the order is approximately $15.8 billion. The aircraft are scheduled to be delivered in batches between......
Grab Holdings has agreed to acquire foodpanda’s delivery business in Taiwan for $600 million in cash, marking the Singapore-based company’s first expansion outside Southeast Asia. The deal will extend Grab’s footprint to a ninth market, adding operations in 21 Taiwanese cities and......
German chemical giant BASF is reinforcing its long-term commitment to China through its largest-ever investment project, aiming to expand its footprint in the world’s biggest chemicals market. The company is currently developing a major chemical complex in Zhanjiang, a project estimated to cost......
Tencent Holdings reported strong financial results for the fourth quarter of 2025, with revenue reaching 194.4 billion yuan, or about 28.3 billion dollars, marking a 13 percent increase from a year earlier and slightly exceeding analyst forecasts. Net profit attributable to shareholders rose 14 percent......
The Italian government is preparing to hold discussions with representatives of Pirelli and its major investors as authorities examine concerns surrounding foreign influence within one of the country’s most prominent industrial groups. According to officials familiar with the matter, the talks......
Volkswagen said it expects its operating margin to improve to between 4.0 percent and 5.5 percent in 2026 after a challenging 2025 marked by tariffs, rising competition from Chinese automakers, and the high cost of shifting toward electric vehicles. The German carmaker reported an operating margin of......
Puma SE has introduced a high-end $260 training shoe designed for the rapidly growing Hyrox fitness segment, betting on new performance categories to offset heavy financial setbacks. The German sportswear brand unveiled its Deviate Nitro Elite Hyrox model on February 19, coinciding with the release of......
German Chancellor Friedrich Merz announced on Wednesday in Beijing that China plans to order up to 120 additional aircraft from European aerospace manufacturer Airbus. Speaking during his official visit to the Chinese capital, Merz said German authorities had been informed that Chinese leaders intend......
Envision Energy, a frontrunner in sustainable technology, has signed a seven-year Framework Agreement with ACWA Power, the world's top private desalination firm and a key player in energy shifts toward renewables and green hydrogen. The deal sets the stage for joint ventures in Saudi Arabia, Uzbekistan,......
Investors are pressing Volkswagen CEO Oliver Blume for concrete results in what they view as a make-or-break year for the German automaker. Now freed from his dual role at Porsche, which ended January 1, Blume has a narrowing window to halt the company's decline in China and address critical technology......
Uber Technologies is set to invest $100 million in Pony AI, a leading Chinese robotaxi company, as part of a strategic move to deepen its foothold in the rapidly expanding autonomous vehicle market. The investment will be made via Pony AI’s initial public offering (IPO) in Hong Kong, which launched......
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