The rapid rise of Chinese fast fashion e-tailers such as Shein and Temu is turning the world's air freight industry on its head. E-shops are competing for limited air freight space to meet consumer demands for the fastest possible delivery of goods from factories in China. Citing more than a dozen industry sources, Reuters reported on Wednesday....
The first cargo ship designed to export cars to Europe sets sail from China. Chinese electric car manufacturer BYD has chartered a vessel capable of carrying up to 7,000 cars. The initiative follows BYD's success in its home market and its drive to expand rapidly abroad. In the last quarter, BYD even became the world's largest electric car ma...
Elon Musk once scoffed at the idea that a Chinese carmaker could compete with his Tesla. Now, the Chinese brand BYD, previously unheard of by many, is on track to become the world leader in electric vehicle sales. In the third quarter, the American Tesla sold 435,000 electric vehicles, while BYD, in which American billi...
In Chengdu, China, scientists from the Institute of Urban Agriculture at the Chinese Academy of Agricultural Sciences there have created a fully automated indoor vegetable farm with an impressive 20 floors, billed as the largest automated facility of its kind in the world. Vertical farms are an effective means of introducing agricultural product...
US fast food chain McDonald's has announced its ambitious plan to open around 10,000 new locations worldwide by 2027, the most significant expansion in its history. The company aims to operate 50,000 restaurants worldwide and reach a customer base of up to a quarter of a billion. McDonald's is taking advantage of the unstable economic situati...
Henry Kissinger, a distinguished American diplomat and security adviser who served as secretary of state and won the Nobel Peace Prize, left this world on Wednesday. We learned of this event through a statement from Kissinger Associates, which confirmed his death at the age of 100 at his home in Connecticut. Kissinger, who was born in Germany...
Australian journalist Jacqueline Felgate shared a video of a rare round egg on social media. It was among the standard eggs in a box that one of her followers brought from the supermarket. The almost perfectly round egg was in a pack in a supermarket in the central area of Melbourne, Australia, and Jacqueline immediately began searching onlin...
Wistron's edge is ringing. It has failed to reach an agreement with Apple and will no longer manufacture phone models for the tech giant in India. What was the reason for the termination of the collaboration? Apple has been trying to get its electronics production to move away from China for some time now. India is set to become the new facto...
Elon Musk has dismissed a report that he plans to export Tesla cars from China to the US, despite lower production costs reportedly offsetting high tariffs on Chinese imports to the US. Tesla CEO Elon Musk has refuted a report that the company is planning to export electric cars made in China to the US and Canada. Reuters reported that Tesla ...
