Former winner Luca Brecel failed to qualify for the 2026 World Snooker Championship, losing to Jak Jones of Wales in the final qualifying round. Brecel lifted the trophy at the Crucible in 2023 but won’t be there this year as 2024 runner-up Jones sealed a 10-5 victory at the English Institute of Sport in Sheffield….
Starbucks Corporation (NASDAQ:SBUX) is included among the 13 NASDAQ Stocks With Highest Dividends. Starbucks sells control of its Chinese unit to Boyu to boost growth, Reuters reports On April 2, Reuters reported that Starbucks Corporation (NASDAQ:SBUX) had closed its deal with Boyu Capital to sell control of its operations in China, the Seattle-based coffee company…
Just a decade ago, foreign automakers were planning for China’s huge and growing auto industry to become a second pillar of profitability, alongside North America, to support long-term growth. Unfortunately, China’s automotive market pushed the boundaries of electric vehicles (EV) more quickly than anticipated, creating a market that was about 50% new energy vehicles, and…
As Saudi Arabia redirects more and more crude oil from the east to the west, where it can be safely exported, oil seems to be the only thing everyone is watching. But not Saudi Arabia itself. In fact, the world’s second-largest oil producer and exporter has big plans in another area: battery storage. Battery storage…
Formula 1 competed in China and concluded with the first victory of his career. Kimi Antonelli and the No. 12 Mercedes team won the Chinese Grand Prix, taking their first victory of the 2026 Formula 1 season. Antonelli took the win, beating Russell with little to no concern over the course of the event. The…
By Ellen Zhang and Ryan Woo BEIJING, March 4 (Reuters) – China’s factory activity in February expanded at the fastest pace since December 2020, boosted by strong demand that helped lift manufacturers’ confidence, a private sector survey showed on Wednesday. RatingDog’s China Overall Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 52.1…
By Karen Freifeld and Jasper Ward WASHINGTON, Feb 11 (Reuters) – The U.S. Commerce Department on Wednesday announced a $252 million settlement with Applied Materials for illegally exporting chip-making equipment to China’s top chipmaker, Semiconductor Manufacturing International Corp. In 2023, Reuters exclusively reported that Applied Materials was under criminal investigation in the United States for…
With subsidies suspended in a wide range of regions, light vehicle (LV) sales in China recorded negative growth in December. Total volumes reached approximately 2.5 million units, representing a year-on-year (YoY) decline of 16%. The passenger vehicle (PV) segment, which fell 17% year-on-year to 2.2 million units, remained the main driver, while the light commercial…
Key takeaways Schiff maintains that Bitcoin is in a long-term bear market when trading in gold. Gold’s rally above $5,000 has reinforced the narrative shift towards real assets. Schiff also criticized US political support for cryptocurrencies. Peter Schiff has renewed the debate over whether Bitcoin has entered a prolonged bear market with gold prices, as…
By Kevin Yao BEIJING, Jan 21 (Reuters) – China is planning to introduce new measures to promote consumption of services, betting that elderly care, healthcare and leisure can offset tepid demand for goods, although analysts say the plan’s success depends on raising household incomes and social well-being. Beijing sees labor-intensive services as key to reorienting…
