Business

Online Channel, China Helped Valentino Weather Pandemic in 2020

MILAN – Solid growth in its e-commerce channel, which climbed 62 percent, and a brisk retail performance in Mainland China helped Valentino weather the impact of the COVID-19 pandemic last year, which drove revenues down 28 percent. In the 12 months ended Dec. 31, the Rome-based couture house reported sales of 882 million euros, compared […]

World News

China ramps up war fears with fighter jets over Taiwan in clear shot to Joe Biden

China ‘reinforcing tensions with US in South Sea’ says expert Military aircraft from China flew over the Pratas Islands, which guard to the southern approach to the Taiwan Straits, over the weekend. Bombers capable of dropping nuclear warheads and fighter jets were used in offensive operations over the South China Sea. Mr Biden’s US State […]

Economy

China becomes only major economy to avoid Covid-19 recession in 2020

BEIJING (REUTERS) – China’s economy grew at a faster-than-expected pace in the fourth quarter of last year, ending a rough coronavirus-stricken 2020 in remarkably good shape and remained solidly poised to expand further this year. The gross domestic product (GDP) expanded 6.5 per cent, data from the National Bureau of Statistics showed on Monday (Jan […]

World News

Dog ‘cries’ as he holds heartbreaking note begging thieves to return best friend

A devastated golden retriever has left viewers in tears after he was filmed holding a sign begging for evil thieves to return his best friend. Maomao would often spend his playtime with his neighbour's dog, Doudou, also a golden retriever, at a park in Xinxiang, China's Henan province. The two lovely dogs became inseparable until […]

World News

Brazil researchers report disappointing 50.4% efficacy for China's CoronaVac vaccine

RIO DE JANEIRO (REUTERS) – A coronavirus vaccine developed by China’s Sinovac showed “general efficacy” of 50.4 per cent in a late-stage trial in Brazil, researchers said on Tuesday (Jan 12), barely enough for regulatory approval and far short of earlier indications. The latest results are a major disappointment for Brazil, as the Chinese vaccine […]

Economy

China services sector expands at a slower pace amid new Covid-19 outbreaks

BEIJING (REUTERS) – China’s services sector activity expanded at a slower pace in December, a private sector survey showed on Wednesday (Jan 6), as sporadic coronavirus outbreaks tempered the recovery in consumer confidence and weighed on new business growth. The Caixin/Markit services Purchasing Managers’ Index (PMI) eased to 56.3, a three-month low, in December from […]

World News

Caviar for the masses? China certainly thinks so

Caviar was the traditional delicacy of the Caspian Sea but these days production has a new headquarters: China.  Qiandao (Thousand Island) lake lies 220 miles south of Shanghai. Fringed with mountains, it is a popular holiday spot for Chinese residents fleeing the summer heat of the city. But it is also home to Kaluga Queen, […]

Business

Ant plans holding company with regulation similar to bank, sources say

BEIJING (BLOOMBERG) – Jack Ma’s under-seige Ant Group is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units. The fintech giant is planning to move any unit that would require a financial […]

Business

Gucci Partners With Alibaba’s Tmall

MILAN — Gucci is further expanding its reach in China. The Italian fashion brand is partnering with Tmall, launching two digital flagship stores on Alibaba’s dedicated platform Luxury Pavilion. The first Gucci store will open on Dec. 21 and offer the brand’s fashion collections, including leather goods, ready-to-wear, accessories, watches and jewelry. The second flagship will […]

World News

Covid epicentre Wuhan reopens nightclubs – and there’s not a mask in sight

The "ground zero" of the coronavirus pandemic is back to normal life, with nightclubs reopening and the city centre thronged with cooped-up young partiers. Wuhan, in China's Hubei province, hasn't reported a new locally transmitted case of Covid-19 since May 10. The city went into an incredibly strict lockdown in January after the novel coronavirus […]