Serious flooding in central China is affecting some smartphone vendors, with a factory besieged by water, aftersale services partially suspended and online retailers short of products.
Danone SA has agreed to buy WhiteWave Foods Co for about $10 billion to add the best-selling US soy milk brand Silk and expand in organic food in its biggest acquisition in almost a decade.
As many as seven property funds in the United Kingdom announced suspension of redemption as investors dump holdings in fear of property market slumps after Britain's vote to leave the European Union.
OK, I'll come clean. In the best traditions of Shakespeare I will declare myself. But in the ways of the Bard, it will probably end in tears.
China is further tightening risk management regulations on the banking industry and stepping up efforts to build and improve a comprehensive risk management system.
Qingdao-based CRRC Sifang Co Ltd, a subsidiary of the country's largest trainmaker China Railway Rolling Stock Corp, said on Wednesday that it had recalled defective metro trains used in Singapore, and the first batch of repaired trains have been back in service running nearly 300,000 kilometers.
China's first luxury cruise liner will be able to carry up to 5,000 passengers when it is delivered in 2021, creating a new opportunity for the country to enter the world's lucrative cruise liner market.
It seems a long shot to replace smartphones with cars. But Alibaba Group Holding Ltd is heading in that direction. It unveiled on Wednesday a new internet-enabled vehicle equipped with the e-commerce giant's YunOS operating system.
Four thousand British executives have received a love letter from Paris.
China COSCO Shipping Co, the country's largest shipping company by fleet size, on Wednesday announced it will invest another 500 million euros ($553 million) in Greece's Piraeus Port after officially becoming the port's majority shareholder earlier this week.
Recent reports that a new plaza offering a 24-hour shopping experience is enjoying brisk business in an eastern city has led me to expect that more such bricks-and-mortar outlets will spring up in other cities.
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