China's Commerce Ministry to hold anti-dumping hearing on EU brandy imports

Fortune
China is poised to dominate the market for legacy chips, and the U.S. may only have itself to blame
U.S. Commerce Secretary Gina Raimondo warned in April that 60% of all mature chips coming into the market will come from China.
Global News
LCBO workers on day 2 of strike that's shuttered liquor stores
Thousands of workers for the Liquor Control Board of Ontario or LCBO remain on the picket lines of day two of the strike that shuttered all of the of the province-run liquor stores. Now it follows months of unsuccessful contract negotiations between the union and management, but it also focuses on concerns around Premier Doug Ford’s plans to increase alcohol accessibility across Ontario. Lexy Benedict reports.
Business Insider
This Gen Xer thought he was too old to work at Google. Then he landed a $320,000 job at the tech giant without applying.
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Reuters
China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH
AIX-EN-PROVENCE, France (Reuters) - China's anti-dumping probe into Europe's cognac industry is a tit-for-tat reaction to European Union tariffs on Chinese electric vehicles, the finance chief at Hennessy cognac owner LVMH said on Saturday. China announced plans on Friday for a hearing on European brandy imports, ramping up tension on the same day the European Commission's provisional tariffs on Chinese-made electric vehicles took effect.
South China Morning Post
In China's Guangzhou, a web of factories gives rise to fast-fashion juggernaut Shein
The mercantile history of Guangzhou, the city once called Canton that is about two hours' drive from Hong Kong, can be traced back to Wu Bingjian, one of the richest men to have ever lived on Earth. Better known among foreigners as Howqua, the 18th-century merchant accumulated enormous wealth running one of the 13 trading houses, or hong, that were granted exclusive rights by the Manchu rulers in Peking to sell tea, porcelain, silk and other exotic goods to Westerners, until the Opium War shatte
CNN Business
John Deere to lay off roughly 600 employees from three US factories
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Popularity of non-alcoholic beverages is on the rise
The popularity of non-alcoholic beverages is on the rise. So much that restaurants and liquor stores are having to adjust the options they give. Dry January, dry June, and sober October. We hear about the month-long campaigns that encourages people to stop drinking. But, the more consistent trend is the regular non-alcoholic consumption. "We've definitely noticed an upswing as far as the Generation Z. I think they're very mindful of what they intake and I don't think that the obligatory alcoholic drink before your dinner every night is the reality of today,” said Steve Fox, owner of the Bread & Circuses Bistro & Bar in Towson.
South China Morning Post
China's tech boom powering AI career coup, with finance muscled out at top of salary pyramid
China's rapidly expanding artificial intelligence (AI) sector has nudged aside finance to top the country's salary rankings for the second quarter of 2024, as Beijing's push for self-sufficiency in tech and the rush to capitalise on the industry's global popularity are helping firms in the field outpace the banks, funds and brokerages that have tended to offer the highest-paying jobs. Propelled by an explosion of demand as businesses race to develop and trial AI applications, jobs in this sector
Reuters
Former ASML CEO says US-China chip fight will continue
The recently retired CEO of semiconductor equipment maker ASML said in an interview with Dutch radio station BNR on Saturday that U.S.-China disputes over computer chips are ideological and not based on facts, and they are set to continue. Wennink left in April after a ten year term at the helm of ASML that saw it become Europe's largest technology firm. Since 2018, the U.S. has imposed increasing restrictions on what tools the company can export to China, its second-largest market after Taiwan, citing security concerns.
CNN Business
A key part of America’s economy has shifted into reverse
America’s services sector is losing steam at a time when it’s highly unclear whether the broader job market will hold steady or result in unexpectedly higher unemployment.
Business Insider
Tech workers look like the real winners of the AI talent war
The battle for AI talent appears to be driving up salaries.
Bloomberg
Santos Boss Is Racing Against Time to Build a Gas Giant
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Bloomberg
Canada Puts Its Big Miners Off Limits Just as M&A Is Heating Up
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Reuters
China's BYD acquires 20% stake in Thai dealer Rever Automotive
China's BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand, its largest market outside of China where it is an electric vehicle market leader, the companies said Saturday. The Shenzhen-based automaker opened its first factory in Southeast Asia in Thailand this week. Rever Automotive, which has over 100 showrooms in Thailand, launched the sale of BYD vehicles in 2022 and BYD soon became the country's top-selling EV brand.
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China's Commerce Ministry to hold anti-dumping hearing on EU brandy imports

Latest Stories

China is poised to dominate the market for legacy chips, and the U.S. may only have itself to blame

LCBO workers on day 2 of strike that's shuttered liquor stores

This Gen Xer thought he was too old to work at Google. Then he landed a $320,000 job at the tech giant without applying.

Is the $1M nest egg irrelevant? 81% of retirees 65-plus with $50K-$100K in savings say they're living decently

China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH

In China's Guangzhou, a web of factories gives rise to fast-fashion juggernaut Shein

John Deere to lay off roughly 600 employees from three US factories

6 Sneaky Expenses That Can Wreck Your Retirement Budget

Popularity of non-alcoholic beverages is on the rise

China's tech boom powering AI career coup, with finance muscled out at top of salary pyramid

Former ASML CEO says US-China chip fight will continue

A key part of America’s economy has shifted into reverse

Tech workers look like the real winners of the AI talent war

Santos Boss Is Racing Against Time to Build a Gas Giant

Canada Puts Its Big Miners Off Limits Just as M&A Is Heating Up

China's BYD acquires 20% stake in Thai dealer Rever Automotive

Here’s How Much You Need Saved to Retire Rich in the Average American Suburb

Ontario judge authorizes sales process for The Body Shop Canada

Here’s What the Average Social Security Payment Will Be in 15 Years

I Retired At 40: Here’s What My Salary Was