News
-
ZTE to build smart campus in Lhasa, boost 5G use
Main entrance to Tibet University, located in Lhasa. Photo: Courtesy of ZTE Chinese telecommunication equipment maker ZTE will work with Tibet University to build a smart campus using a combination of technologies including 5G networks and augmented reality and virtual reality (VR), boosti......view more
-
Thailand hopes China-Thailand railway project finalized as soon as possible: PM
The Thai government is committed to the progress of the Thai-Chinese high speed rail project and hopes the project will be finalized as soon as possible, Thai Prime Minister Prayut Chan-o-cha said on Thursday. In a written reply to Chinese media before his departure from Bangkok to atten......view more
-
Durable Goods Bookings Advance By Most in 7 Months
The improvement in equipment orders signals manufacturers are seeing stable demand, which should contribute to a still-solid pace of economic growth in the first quarter. Orders placed with U.S. factories for business equipment rose by the most in eight months in March as a broader ......view more
-
Tech-Finance - Ericsson profit beats forecasts for fifth straight quarter as savings, 5G sales kick
STOCKHOLM: Mobile telecom equipment maker Ericsson beat first-quarter result forecasts on Wednesday due mainly to strong growth in North America as the company raised its full-year outlook for the global networks market. The Swedish company has shown steady improvement in profita......view more
-
Nomura and Line Sign MoU to Develop Blockchain Technology (The two companies have already partnered
Japanese messaging application Line and investment banking giant Nomura announced on Wednesday that they have formed a partnership that will see the two firms developing blockchain technology. It’s not the first time that the two companies have collabor......view more
-
Oil demand growth expected to slow: Energy agency
The growth of China's demand for oil is expected to slow as the country's economic restructuring and ever-stringent environmental policy tightens, according to Oil 2019, the International Energy Agency's annual outlook for global oil markets released in Beijing on Tuesday. This is against......view more
-
China's power use up 7.5% in March
BEIJING - China's electricity consumption, a key barometer of economic activity, rose 7.5 percent year-on-year in March, official data showed. Total power use hit 573.2 billion kWh last month, according to the National Energy Administration (NEA). Power use by the secondary industry increa......view more
-
Tesla Posts Stunningly Large Q1 Loss
Tesla CEO Elon Musk had prepped Wall Street for a first quarter loss but analysts were still stunned by its size: $702.1 million, among the company's worst quarters in the past two years. The net loss was more than double what analysts had predicted as Tesla's sales slumped 31% for the qu......view more
