DUBAI (Reuters) – Qatar Airways reported a loss of 7 billion riyals ($1.92 billion) on Sunday for the year ending March 31, as the coronavirus crisis hurt the aviation industry around the world. The airline also disclosed it had...
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China’s industrial profits grow for fourth straight month
SHANGHAI (Reuters) – Profits at China’s industrial firms grew for the fourth straight month in August, buoyed in part by a rebound in commodities prices and equipment manufacturing, the statistics bureau said on Sunday....
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U.S. tightens exports to China’s chipmaker SMIC, citing risk of military use
SHANGHAI/WASHINGTON (Reuters) – The United States has imposed restrictions on exports to China’s biggest chip maker SMIC after concluding there is an “unacceptable risk” equipment supplied to it could be used for...
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Beijing autoshow: China’s back, EVs booming, outlook uncertain
By Yilei Sun and Norihiko Shirouzu BEIJING (Reuters) – China’s auto market has rebounded smartly from the COVID-19 crash in recent months, executives said on Saturday, as a rare in-person trade show was dominated by talk of...
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Nissan to launch slew of new vehicles in China over next five years, CEO says
By Norihiko Shirouzu BEIJING (Reuters) – Nissan Motor’s chief executive <7201.T> said on Saturday he planned to launch a number of new vehicles in the growing Chinese market over the next five years, including electrical...
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Mitsubishi Motors to cut 500-600 jobs to reduce costs: sources
By Maki Shiraki TOKYO (Reuters) – Mitsubishi Motors Corp <7211.T> will seek voluntary retirement from 500 to 600 employees, mostly in management, in Japan from mid-November to cut costs, two sources familiar with the matter...
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