Nestle dismisses CEO over office relationship with subordinate
Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic relationship with a direct subordinate”. The multinational behind Nespresso coffee capsules…
China’s GAC starts operations at new Indonesia EV plant · TechNode
Chinese automaker GAC’s new electric vehicle manufacturing plant has started operations in Jakarta with its annual production capacity set to grow from 20,000 units to 50,000 units as it aims…
Ningxia Hui deals represent boost for China-UAE trade
The China-UAE Economic and Trade Cooperation Promotion Conference is held in Yinchuan, Ningxia Hui autonomous region on Aug 28, 2025. China and the UAE signed on to 11 trade and…
China’s social media platforms rush to abide by AI-generated content labelling law
The law, which was issued in March, requires explicit and implicit labels for AI-generated text, images, audio, video and other virtual content. Explicit markings must be clearly visible to users,…
Huawei net profit drops 32% in the first half of 2025 despite revenue growth · TechNode
Huawei on Friday reported a 32% year-on-year decline in first-half net profit, despite modest revenue growth, as rising costs and investment pressures weighed on earnings. The company posted revenue of…
CITIC reports solid H1 2025 results with higher dividend
CITIC actively invests in emerging industries like digital technology, low-altitude economy and artificial intelligence. CITIC Ltd has published interim results for 2025, reporting revenue of 368.8 billion yuan ($51.69 billion),…
Shanghai’s Putuo district hosts cross-border financial services forum
The 2025 Cross-border Financial Services Forum takes place at the Shanghai Convention and Exhibition Center of International Sourcing in Putuo district on Tuesday. The 2025 Cross-border Financial Services Forum was…
Major beverage players enjoying high tea time
Employees prepare tea for customers at a store in Huangshan, Anhui province, on July 15. CAO LI/XINHUA With consumers“ pursuit of wellness, variety and refinement, China’s tea beverage brands are…
Maidelong banks on new retail mode for growth
Consumers browse products at a Maidelong store in Wuhan, Hubei province. Maidelong, formerly known as Metro China, has renovated one of its stores in Beijing by adopting domestic counterpart Pangdonglai“s…
Trump claims India offered zero tariffs on US goods, slams ‘one-sided’ ties with Delhi
US President Donald Trump said on Monday that India has offered to reduce its tariffs on US goods to zero, even as Indian Prime Minister Narendra Modi was making public…