Latest in China's November Retail
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China Slaps Sanctions on 13 U.S. Defense Firms
The largely symbolic move is in response to the Biden administration’s latest arms sales to Taiwan, the island democracy that China considers its own.The New York Times - Dec. 5 -
Chinese online retailer Temu suspended in Vietnam
Chinese online retailer Temu has been told to suspend operations in Vietnam after it failed to meet an end-of-November deadline to register with the country's Ministry of Industry and TradeABC News - Dec. 5 -
GSK, China's Zhifei Expand Shingles Shot Collaboration
GSK extended its collaboration with Zhifei to commercialize its shingles vaccine Shingrix in China until 2034.The Wall Street Journal - Dec. 5 -
While institutions own 33% of Playtech plc (LON:PTEC), retail investors are its largest shareholders with 48% ownership
Key Insights Playtech's significant retail investors ownership suggests that the key decisions are influenced by...Yahoo Sports - Dec. 5 -
Only China can now lead the world on climate
As far as global environmental concerns go, the US has an irretrievably split personalityFinancial Times - Dec. 5 -
Costco’s November online sales hit by timing of holiday deals
Costco Wholesale Corp. on Wednesday reported November sales growth that slowed from the prior month, as lower gas prices weighed on consumers and e-commerce sales took a hit due to a shift in the ...MarketWatch - Dec. 5 -
American Eagle Shares Plunge After Retailer Cuts Sales Outlook
Shares of the apparel retailer fell 12% after the company forecast a steeper-than-expected decline in sales for the holiday quarter.The Wall Street Journal - Dec. 4 -
November jobs report may show big gain — but not because more companies are hiring
The economy can’t do much worse at creating jobs after a dismal 12,000 gain in hiring in October. Wall Street expects a big rebound in November.MarketWatch - Dec. 4 -
Foot Locker Shares Fall After Retailer Cuts Full-Year Outlook
Foot Locker cut its outlook for the year as more promotions and weak spending pushed the company to post a loss in the third quarter. Shares of the retailer fell.The Wall Street Journal - Dec. 4 -
ADP jobs report says 146,000 workers hired in November. U.S. jobs market in stable condition.
U.S. businesses created a solid 146,000 new jobs in November, paycheck company ADP said, in another sign the labor market has stabilized after big cooldown over the summer.MarketWatch - Dec. 4 -
Private payrolls grew by 146,000 in November, less than expected, ADP says
Companies added 146,000 jobs on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000.CNBC - Dec. 4 -
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South Korea’s tumult is a symptom of China-US strife
As the globalisation-friendly world order fades, its new geoeconomic course is fraught with riskFinancial Times - Dec. 4 -
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'Squid Game' tracksuits, sneakers and whisky: Behind Netflix's latest retail pitch
Netflix has been ramping up its efforts in retail, with plans to open two physical stores. It's also partnering with many brands to sell merchandise based on its shows and movies.Los Angeles Times - Dec. 4 -
Fewer shoppers turned out for Thanksgiving-weekend deals, retail group says. Here’s why.
The five-day period between Thanksgiving and Cyber Monday saw fewer shoppers than a year ago, a major retail-industry group said Tuesday, due in part to the later timing of the holiday this year ...MarketWatch - Dec. 4 -
A sweet Black Friday deal for retailers this year: ‘People keep spending money’
Despite a consensus that many Americans voted last month based on concerns about financial well-being and cost-of-living pressures, the recent kickoff to the holiday-shopping season is ...MarketWatch - Dec. 4 -
EU to crack down on Asian online retailers Temu and Shein
Brussels considering a tax to slow surge of goods sold on sites that evade custom duties and checksFinancial Times - Dec. 4 -
Why Brussels hopes cracking down on China will also save EU industry
Also in this newsletter: Is EU drug policy fair to poorer states?Financial Times - Dec. 4 -
China bans exports of key microchip elements to US as trade tensions escalate
Semiconductor restrictions on China announced by Washington a day earlier prompt retaliation involving critical minerals including gallium and germanium . The Chinese government has said it will ...The Guardian - Dec. 4 -
Antidoping Agency Froze Out Investigators Who Warned About China
The World Anti-Doping Agency’s investigative unit highlighted intelligence about Chinese athletes possibly using a banned medication, but was kept out of the loop when 23 swimmers tested positive ...The New York Times - Dec. 4 -
China’s ties with Saudi Arabia buoyed by green tech
Warming relations between Xi Jinping and Saudi crown prince complicate outlook for Trump administrationFinancial Times - Dec. 4 -
Western businesses in China hold on to hopes for Trump 2.0
Some believe the incoming US president is in a strong position to negotiate a trade deal with BeijingFinancial Times - Dec. 4 -
China bars some mineral exports to US
Click for the latest from The Hill {beacon} Energy & Environment Energy & Environment The Big Story China bars some mineral exports to US China has banned exports of some rare minerals to the ...The Hill - Dec. 3 -
China Announces a Ban on Rare Minerals to the U.S.
The move escalates supply chain warfare and comes a day after the Biden administration expanded curbs on the sale of advanced American technology to China.The New York Times - Dec. 3 -
To defend Taiwan tomorrow, we must prepare to sanction China today
Taiwan is reportedly considering a $15 billion military package to strengthen its military against China, while the U.S. and Taiwan have agreed to spend over $2 billion in American weapons ...The Hill - Dec. 3 -
DNC chair minimizes November losses, argues Democrats have ‘robust’ foundation
Democratic National Committee (DNC) Chair Jaime Harrison minimized his party’s losses up and down the ballot in November and argued Democrats have a “robust” foundation to build on, going into ...The Hill - Dec. 3 -
China bans exports to U.S. of some materials for electronics manufacturing
China has banned exports to the U.S. of some materials essential to the manufacturing of electronics and some military equipment. It comes in response to Washington's chip sanctions on Beijing. CBS ...CBS News - Dec. 3 -
China retaliates against latest US chip restrictions
Beijing bans export of materials used in semiconductors and batteriesFinancial Times - Dec. 3 -
China responds to US chip sanctions, banning exports of key minerals
China has banned exports of some rare minerals to the United States as tensions over trade heat up after the U.S. issued new restrictions on exports of certain semiconductor chips and equipment to ...The Hill - Dec. 3 -
Children’s Place profit nearly halves as troubled retailer’s turnaround efforts dampen sales
Troubled retailer is moving away from unprofitable sales and offers of free shipping.MarketWatch - Dec. 3 -
To beat China, Washington needs facts, not myths, about telework
Despite misconceptions, the federal workforce has embraced telework at a rate consistent with or lower than the private sector, and telework has proven to be a cost-effective and productive way to ...The Hill - Dec. 3 -
China’s share of global electric car market rises to 76%
Market share increases after strong demand within country offsets risks from western tariffs on Chinese-made EVs. Business live – latest updates China’s share of the global electric vehicle ...The Guardian - Dec. 3 -
Yahoo Sports AM: No win November
In today's edition: The Wizards are historically bad, Week 13 was awesome, Christian Pulisic's breakout season, "Hard Knocks" is back, Munetaka Murakami eyes MLB move, and more.Yahoo Sports - Dec. 3 -
Tesla's China Sales Fall as Competition Heats Up
The U.S. electric-vehicle maker’s China-made car sales fell 4.3% in November.The Wall Street Journal - Dec. 3 -
U.S. announces new export controls on China's chip industry
The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies.NBC News - Dec. 3 -
Sanofi to Invest $1 Billion in New Insulin Manufacturing Base in China
The new base, which will be located in Yizhuang, Beijing, marks Sanofi’s second production site in the capital and its fourth in the country.The Wall Street Journal - Dec. 3 -
China's Flood of Cheap Goods Is Angering Its Allies, Too
The deluge of inexpensive items washing over the developing world is jacking up tensions between China and the Global South, complicating Beijing’s plans to build alliances as it confronts trade ...The Wall Street Journal - Dec. 3 -
Chip war ramps up with new US semiconductor restrictions on China
Biden administration broadens limits on Chinese access to advanced microchip technology, with Donald Trump expected to go even further . The US has announced new export restrictions targeting ...The Guardian - Dec. 3 -
Trump Tariff Threat Spurs Malaysian Warning to China Not to ‘Rebadge’ Products There
A senior trade official cautions Chinese companies to not invest there if they only want to mask their merchandise’s country of origin.Inc. - Dec. 2
