TRADE WARS - SINO DAILY

Coronavirus slams Adidas, Puma sales in China

Feb 19, 2020 (AFP)

"Our business activity in Greater China has been around 85 percent below the prior year level since Chinese New Year on January 25," Adidas said in a statement....

HSBC axes 35,000 jobs as profits slump

Feb 18, 2020 (AFP)

Pre-tax profits tumbled by a third to $13.3 billion (12.3 billion euros) in 2019 from a year earlier, largely owing to a $7.3-billion write-off related to its i...

Foreign firms struggle to resume operations in virus-hit China

Feb 18, 2020 (AFP)

With many pharmaceutical companies globally sourcing from China, pharmacies may also face a shortage of antibiotics and other drugs if the epidemic is not resol...

UN climate talks overshadowed by UK-Scotland tensions

Feb 18, 2020 (AFP)

Some 30,000 people, including 200 world leaders, are expected at the 10-day conference in Glasgow in November for crucial talks to halt rising global temperatur...

Chanel halts Beijing fashion show over virus fears

Feb 17, 2020 (AFP)

"Considering the current situation and following the guidance of Chinese authorities, Chanel has decided to postpone its project of a replica of the Paris - 31 ...

Singapore lowers growth forecast as virus hits economy

Feb 17, 2020 (AFP)

The city-state is one of the worst affected places outside China, with 75 cases of the virus so far. China has more than 70,000 infections. Singapore downgraded...

Coronavirus could damage global growth in 2020: IMF

Feb 16, 2020 (AFP)

"There may be a cut that we are still hoping would be in the 0.1-0.2 percentage space," the managing director of the International Monetary Fund, Kristalina Geo...

Southeast Asia feels the burn as virus keeps Chinese tourists at home

Feb 16, 2020 (AFP)

From Luang Prabang in northern Laos to Pattaya in Thailand, Hoi An in Vietnam and the Cambodian casino town of Sihanoukville, takings have plummeted as Chinese ...

London Fashion Week opens under shadow of novel coronavirus

Feb 14, 2020 (AFP)

Organisers the British Fashion Council (BFC) said it expected attendance "to be significantly reduced" due to the travel restrictions imposed as a result of the...

Alibaba earnings surge 58 pct on 'Single's Day' boost

Feb 13, 2020 (AFP)

Net profit reached 52.3 billion yuan ($7.5 billion) in the October-December third quarter. Alibaba dominates China's consumer culture and its corporate results ...

Not (trade) fair: industry gatherings fall victim to coronavirus

Feb 13, 2020 (AFP)

The cancellation of the Mobile World Congress due to have been held in Barcelona later this month shows the event organisers are under intense pressure. The fou...

Novel coronavirus hitting global postal services: UN

Feb 12, 2020 (AFP)

"The spread of the novel coronavirus has led to the suspension of airline flights and is impacting postal operations," the Switzerland-based Universal Postal Un...

European Parliament ratifies EU-Vietnam trade pact

Feb 12, 2020 (AFP)

The legislature, sitting in the eastern French city of Strasbourg, gave its assent to the pact with a vote of 401 in favour, 192 against and 40 abstentions. The...

China inflation rises as coronavirus disrupts supply chains

Feb 10, 2020 (AFP)

Beijing had already been battling a slowing domestic economy before the new coronavirus emerged, disrupting businesses, travel and supply chains. The consumer p...

Embattled Credit Suisse chief Thiam steps down

Feb 07, 2020 (AFP)

"The Board of Directors of Credit Suisse Group has unanimously accepted the resignation of Tidjane Thiam and appointed Thomas Gottstein as the new CEO of Credit...

Coronavirus to take shine off global luxury business

Feb 07, 2020 (AFP)

Here are some facts about the importance of Chinese buyers for the world's companies making stylish and expensive things. - The luxury engine - Chinese consumer...

Virus won't prevent China from living up to trade deal: Mnuchin

Feb 06, 2020 (AFP)

Economists fear the virus, which has prompted businesses to close their doors and has shut down air transport which is key to the US supply chain for parts and ...

Somber start to Fashion Week for Chinese label amid virus fears

Feb 06, 2020 (AFP)

"Mukzin might be the only Chinese brand you will see at this New York Fashion Week," said an announcer, before introducing the autumn-winter 2020 collection of ...

China to halve tariffs on $75 bn of US imports

Feb 06, 2020 (AFP)

The State Council Tariff Commission announced the reductions after Beijing and Washington signed an initial deal last month to dial down a long-running trade wa...

China to cut tariffs on $75 billion in US imports

Feb 06, 2020 (AFP)

The reduction will apply to levies of five percent and 10 percent that were imposed on more than 1,700 items in September, according to the State Council Tariff...