Sectors
US-China Rivalry Could Shrink Global Economy By 7%, IMF Finds
Differences between Western nations led by the U.S. and China-aligned economic blocs threaten global trade cooperation and economic growth, as a top IMF official warned. Escalating tensions between Washington and Beijing could potentially cost the world's GDP up to 7%.
Tesla Senior Executive To Be Relocated to China Following More Declining Sales
Tesla is sending senior executive Tom Zhu back to China following declining sales in the competitive electric car market. The company hopes to address challenges in the region.
Taylor Swift Bill Signed Into Law by Minnesota Governor to Boost Protections for Online Ticket Buyers
Minnesota Governor Tim Walz has signed the "Taylor Swift bill" into law to boost protections for online ticket buyers.
Apple's 10% iPhone Discount Boosted China Shipments to 12% in March
A surge of approximately 12% in iPhone shipments was recorded in China for the month of March, thanks to up to 10% discounts initiated by Apple and its partners. This follows a 37% sales decline earlier in 2024 and heightened competition from Huawei.