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BMW’s First Global 5S Store, Beijing Xingdebao, Shuts Down; Industry Winter Persists
Beijing Xingdebao Automobile Sales and Service Co., Ltd., BMW’s first 5S store worldwide, recently posted an announcement stating it would close its doors, making it the first 5S store to go out of business.
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Russian State Media Says Moscow Spirited a U.S. Citizen Working for It Out of Ukraine
Russian state media said on Monday that Moscow's forces fighting in Ukraine had successfully extracted a U.S. citizen from eastern Ukraine who had secretly helped them target Ukraine for at least two years....
Taiwan Q3 Growth Seen Slowing on Dull Investment, Consumption: Reuters Poll
TAIWAN-ECONOMY-GDP:Taiwan Q3 growth seen slowing on dull investment, consumption: Reuters poll...
Tense Atmosphere in Shanghai on Halloween Eve: Authorities Ban 'Cosplay,' but 'Strange Costumes' Still Seen in Busy Streets
this year, on the eve of Halloween, the atmosphere in Shanghai is unusually tense....
Overseas Democracy Activists Form Fasting Group to Support Xu Zhiyong
News of renowned Chinese legal scholar Xu Zhiyong’s hunger strike in prison for his rights has reached overseas. A group of Chinese democracy activists in Los Angeles, California, formed a fasting group to support Xu Zhiyong in relay fashion....
Before Halloween, Young People in Shanghai Shout for Freedom; Police on High Alert
Halloween has always been a day of revelry for young people. Last year in Shanghai, Halloween saw many people dressing up in satirical, socially critical costumes....
No Urgency for ECB to Speed Up Policy Easing, Wunsch Says
There is no urgency for the European Central Bank to cut interest rates quicker and it could even live with a small, temporary undershoot of its inflation target, Belgian central bank chief Pierre Wunsch said, joining colleagues in pushing back on more dovish views....
Swiss Companies Set Sights on India as $100 Billion Trade Pact Promises More Opportunities
SWISS-INDIA-TRADE:Swiss companies set sights on India as $100 billion trade pact promises more opportunities...
Analysis-Bricks Over Clicks as Shops Come Back Into Fashion in Europe
EUROPE-RETAIL-STORES:Analysis-Bricks over clicks as shops come back into fashion in Europe...
Philips Cuts Sales Outlook as China Demand Wanes
PHILIPS-RESULTS:Philips cuts sales outlook as China demand wanes...
Analysis-Some Companies Change Tack in China With No Recovery in Sight
Companies around the world are starting to cut prices and costs and scale back activity in China, as the world's second-biggest economy continues to flag despite Beijing's efforts to turn things around....
Police Out in Force to Prevent Rowdy Halloween Celebrations in Shanghai
Shanghai police patrolled the downtown streets over the weekend to crack down on Halloween celebrations in China's most international city. ...
California Proposes Increasing Annual Film Tax Credit to $750 Million
CALIFORNIA-ENTERTAINMENT-CREDIT:California proposes increasing annual film tax credit to $750 million...
China's Private Tutoring Firms Emerge From the Shadows After Crackdown
CHINA-ECONOMY-EDUCATION:China's private tutoring firms emerge from the shadows after crackdown...
Boeing Plans to Launch Effort to Raise Over $15 Billion in Capital as Early as Monday, Source Says
Boeing is set to launch as early as Monday its plan to raise more than $15 billion in capital, a source briefed on the matter told Reuters....
Trump Packs Madison Square Garden in Campaign's Final Stretch
(The Center Square) – With just over a week until Election Day, former President Donald Trump headlined a star-studded rally in a jammed-packed Madison Square Garden in New York City....
Oil Slides on Mideast Respite, Yen Down as Japan Govt Loses Majority
The yen hit a three-month low on Monday as Japan's ruling party lost its parliamentary majority, while oil tumbled after Israel's weekend strike on Iran bypassed oil or nuclear targets....
LG Energy Solution Q3 Profit Drops on Weak EV demand
South Korean battery firm LG Energy Solution (LGES) posted on Monday a 39% drop in quarterly profit, hit by slowing demand for electric vehicles....
Analysis-Zero Carbon Ammonia for Shipping Faces Cost, Safety Challenges
GLOBAL-SHIPPING-AMMONIA-BUNKER:Analysis-Zero carbon ammonia for shipping faces cost, safety challenges...
Yen Slips as Japan's Election Result Clouds Boj Rate Hike Prospects
The yen touched a three-month low on Monday as Japan's ruling coalition lost its parliamentary majority and investors figured that would likely slow future interest rate hikes, while the dollar headed for a monthly gain on rising U.S. yields....
McDonald’s Rules Out Beef Patties as Source of E. Coli Outbreak
McDonald’s on Sunday ruled out beef patties as a source of the E. coli outbreak linked to Quarter Pounder hamburgers, which has killed at least one person and sickened nearly 75 others....
Chinese Hackers Collected Audio From Unnamed Trump Campaign Adviser, Washington Post Reports
USA-ELECTION-CHINA-CYBER:Chinese hackers collected audio from unnamed Trump campaign adviser, Washington Post reports...
Oil Slips Nearly $4 a Barrel After Israel Shows Restraint in Strikes on Iran
Oil prices tumbled nearly $4 a barrel on Monday after Israel's retaliatory strike on Iran over the weekend bypassed Tehran's oil and nuclear infrastructure and did not disrupt energy supplies, easing geopolitical tensions in the Middle East....
Volkswagen Weighs Wage Cuts, Bonus Reductions in Push to Save 4 Billion Euros - Handelsblatt
Volkswagen is exploring a series of cost-cutting measures for its core brand, including a 10% wage cut and a two-year wage freeze, as it seeks to save 4 billion euros, Handelsblatt newspaper reported on Sunday, citing company insiders....
Houston Angel Mom: 'harris Can’t Even Give Me an Apology'
(The Center Square) – Ahead of Vice President Kamala Harris traveling to Houston to join celebrities like Beyonce at an event celebrating abortion in Houston, President Donald Trump met with...
Alternative “Blank Paper Movement”: Healthcare Workers Strike with White Papers to Demand Unpaid Wages
With China’s economy in continued decline, reports of strikes and wage protests have become frequent across the country. Recently, a public hospital in Shanwei City, Guangdong, witnessed a collective wage protest where healthcare workers held up blank sheets of paper to protest unequal distribution of bonuses....
A Pointless Stimulus: Local Government and Corporate Debt Surpasses 12 Trillion Yuan
On October 14, Tsinghua University professor and government policy advisor Li Daokui revealed in a Bloomberg TV interview that debt owed by local governments to companies and employees amounts to 10% of China’s GDP....
Kamala Harris says she is not concerned about Trump's talks with Netanyahu
ISRAEL-PALESTINIANS-HARRIS-TRUMP:Kamala Harris says she is not concerned about Trump's talks with Netanyahu...
Xi Jinping Further Validates the Cultural Revolution: Ashes of Key Culprit in Cannibalism Granted Burial at Babaoshan
During China’s Cultural Revolution, the Guangxi region witnessed horrific massacres and incidents of cannibalism, with then-leader Wei Guoqing identified as the primary instigator of these atrocities. However, the CCP absolved Wei of responsibility due to his “outstanding contributions.”...
"Ten Years of Catastrophe": State-Driven Hatred Triggers Horrific "Cannibalism" During the Cultural Revolution
China's Cultural Revolution, often called the "Ten Years of Catastrophe," saw a nation plunged into chaos under Mao Zedong’s call for “armed rebellion and seizure of power.” Fueled by the notion of targeting so-called “class enemies,” millions were persecuted, tortured, and brutally killed....
Corruption Crisis Again Rocks China’s Military: Reports Say Two Defense Electronics Giants Under Investigation
Corruption in the top echelons of the Chinese military and defense-related entities is always sensitive and concerning to the public, as scandals involving the Ministry of Defense, Rocket Force, and Equipment Development Department have already impacted Xi Jinping’s authority....
BRICS Summit: Chaotic Assembly, No Achievements Against the U.S.
The expanded BRICS summit of heads of state took place from October 22 to 24 in Kazan, Russia. In addition to member countries Russia, China, India, Brazil, and South Africa, heads of state and senior officials from 36 other countries and international organizations attended. The main highlight was Putin, who is wanted by the International Criminal Court, boasting this as Moscow’s grandest international event to date....