Tag : China

Business

IEA report highlights growth in low-emissions hydrogen, but policies lag

omandailynews.com
A new IEA report highlights growing investment in low-emissions hydrogen projects but stresses the need for stronger policies to boost demand in key sectors such as industry and transport....
Health

From crisis to catastrophe: China’s potential 65 million COVID cases per week by June

omandailynews.com
China’s COVID-19 situation is teetering on the brink of a precipice. The populous nation is potentially staring down an unprecedented spike of 65 million cases per week by June, escalating global concerns and prompting urgent deliberation on the pandemic’s trajectory. With the ominous cloud of the pandemic hanging over the......
Business

Pharmacy emerges as top category in EU’s high-tech exports, valued at €446 billion

omandailynews.com
The European Union (EU) witnessed a substantial surge in high-tech imports from non-EU countries in 2022, totaling an estimated €482 billion—an impressive 22% increase compared to the previous year. Meanwhile, the EU’s exports to these countries reached €446 billion, reflecting a notable 16% growth. China emerged as the dominant source......
Business

Apple shares climb as iPhone sales rebound, surpassing estimates

omandailynews.com
Apple Inc.’s shares experienced an uptick in early trading after the tech giant reported a rebound in iPhone sales during the last quarter. The world’s most valuable company managed to surpass earnings estimates despite an industry-wide downturn that has affected much of its product lineup. Apple’s overall revenue reached $94.8......
Health

COVID outbreak escalating in Guangzhou, China, as more lockdowns loom

omandailynews.com
Guangzhou saw its most severe flare-up ever as COVID-19 cases escalated, official data show, as the global manufacturing hub tested its ability to avoid a Shanghai-style citywide lockdown. On Nov. 7, 7,475 locally transmitted infections were reported nationwide, the highest number since May 1, according to China’s health authority. Compared......
Business

COVID curbs and heatwaves hit July industrial profits in China

omandailynews.com
China’s industrial firms reported a drop in profits in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages caused by heatwaves threatened production during the summer. On Saturday, the National Bureau of Statistics reported that profits at China’s industrial firms fell......