Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Johannessen-Koppitz | Bloomberg | Getty Images Telsa’s second quarter saw the company pass $1 billion in net profit for the first time and beat estimates on the top and bottom lines, but top …
Armed police officer escort a van (behind) transporting Tong Ying-kit as he arrives at West Kowloon court in Hong Kong on July 6, 2020. Isaac Lawrence | AFP | Getty Images The first person to be tried under Hong Kong’s sweeping national security law was found guilty of secessionism and terrorism on Tuesday. The Hong Kong High Court handed down …
A US and a Chinese flag wave outside a commercial building in Beijing, 09 July 2007. Teh Eng Koon | AFP | Getty Images BEIJING — China’s purchases of U.S. goods are still falling short of trade agreement levels, even as overall Chinese imports from the U.S. have surged. That’s according to analysis out Monday from the U.S.-based Peterson Institute …
Japan’s Naomi Osaka competes against Czech Republic’s Marketa Vondrousova during their Tokyo 2020 women’s singles third round tennis match at the Ariake Tennis Park in Tokyo on July 27, 2021. Tiziania Fabi | AFP | Getty Images The host country’s superstar is out of the Tokyo Olympics. Naomi Osaka lost to former French Open finalist Marketa Vondrousova of the Czech …
The rivalry between the U.S. and China is likely to persist for some time after both countries set demands for each other that are “unreachable,” a political analyst told CNBC on Tuesday. Comments by Scott Kennedy of Washington D.C.-based think tank Center for Strategic and International Studies came after officials from the two countries concluded high-level meetings in the Chinese …
Travelers who are on the fence about flying again may want to check out a new list of the world’s best airlines. The airline safety website AirlineRatings.com published its list of “Top Airlines in the World,” which traditionally ranks carriers by safety, in-flight service, passenger comfort and flight routes. But this year, new judging criteria are shaking up the rankings. …
A man and child walk along a fence near the Demilitarized Zone (DMZ) separating North and South Korea, on the South Korean island of Ganghwa on October 6, 2020. Ed Jones | AFP | Getty Images South Korea says the leaders of North and South Korea have agreed to restore suspended communication channels and improve ties. The presidential office in …
The floods in China and Europe are yet “another body blow” for global supply chains, the CEO of a shipping firm told CNBC on Monday. “Rarely does a week go past without something new,” says Tim Huxley, CEO of Mandarin Shipping. Shipping has already seen massive disruptions this year. As parts of the world rebounded from the pandemic, increased spending led …
SINGAPORE — Shares in Asia-Pacific edged higher in Tuesday morning trade as several major Chinese tech stocks in Hong Kong remained under pressure following a Monday tumble. In Tuesday morning trade, shares of Chinese tech giant Tencent fell 2.78% while Alibaba dropped 2.6% and Meituan declined 3.14%. The Hang Seng Tech index slipped 0.82%. The broader Hang Seng index in …
Elon Musk, chief executive officer of Tesla Inc., right, departs from court for the SolarCity trial in Wilmington, Delaware, U.S., on Monday, July 12, 2021. Samuel Corum | Bloomberg | Getty Images Tesla CEO Elon Musk sniped at Silicon Valley neighbor Apple twice during a conference call to discuss Tesla earnings on Monday. Although the companies don’t compete directly today, …
