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PlayStation, Xbox butt heads at Hong Kong games fair

HONG KONG, CHINA: Fans dressed as Transformers, Iron Man and Jedi knights were among thousands at the first day of Hong Kong's comic and games expo, where Xbox and Playstation went head-to-head with their new consoles.

28 Jul 2014 07:51


PlayStations to be sold legally in China

SHANGHAI, CHINA: Sony will sell its PlayStation consoles in China through two joint ventures, the Japanese gaming company and its Chinese partner, as they seek to tap into the estimated 500m people who play video games in China.

27 May 2014 08:21


China's Huawei vows security after alleged US hacks

SHANGHAI, CHINA: Chinese telecommunications equipment manufacturer Huawei pledged to protect cyber security, following reports this month that a US government agency had been secretly tapping the company's networks.

1 Apr 2014 09:01


Lenovo signals 'global ambitions' with Motorola deal

BEIJING, CHINA: In 1984, with only US$25,000 in Chinese government funding and a dusty 20-square-metre bungalow as their headquarters, a small group of scientists in Beijing founded a firm called New Technology Developer Inc.

3 Feb 2014 10:26


Apple monitors plant after 15-year-old worker dies in China

BEIJING, CHINA: Apple sent inspectors to one of its contractor factories in China after the death of an underage worker, it said, vowing to ensure "high standards" were maintained.

17 Dec 2013 10:22


Environmental satellite fails to enter orbit

BEIJING, CHINA: A joint Chinese-Brazilian environmental monitoring satellite launched on Monday (9 December) from northern China failed to enter orbit, state media and experts said. This represents a setback for the country's fledgling space programme.

10 Dec 2013 07:13


China car sales up 20.3% in October

SHANGHAI - China's auto sales surged 20.3% year-on-year in October, helped by a long holiday, China Association of Automobile Manufacturers said on Monday (11 November).

12 Nov 2013 07:02


Esprit posts USD566m annual net loss

HONG KONG, CHINA: Fashion retailer Esprit said on Tuesday, 10 September, that it suffered a net loss of HK$4.39bn (US$566m) in the year to June as it struggled to turn its brand around amid stiff competition.

10 Sep 2013 11:44


SA exhibitors show off products at China's trade fair

XIAMEN, CHINA: The annual China International Fair for Investment and Trade (CIFIT) got underway on Sunday, 8 September, with South African exhibitors showing off their wares.

9 Sep 2013 07:26


Strong Chinese demand to pull global car market: Moody's

PARIS, FRANCE: Global car sales will grow by 4.8% next year pulled by unexpectedly strong demand in China, the credit rating agency Moody's forecast on Wednesday (4 September).

6 Sep 2013 07:30


Counterfeit medicine trade targets Africa's poor

YAOUNDE, CAMEROON: From Cameroon to Ivory Coast, Kenya to the Democratic Republic of Congo (DRC), traders in counterfeit drugs do a thriving business with the utmost cynicism and sometimes at the cost of human lives.

24 Aug 2013 09:25


China's first airliner won't fly for some time

BEIJING, CHINA: The maiden test flight of China's first large commercial jetliner has been delayed to 2015 due to development difficulties, state media reported on Wednesday (7 August), in a setback for the country's aviation ambitions.

9 Aug 2013 07:24


Cars sales up 11,2% in China

BEIJING, CHINA: Car sales in China, the world's largest car market, increased by 11.2% year-on-year in June, an industry group said Wednesday (10 July).

11 Jul 2013 08:15


China accuses Tetra Pak of abuses

SHANGHAI, CHINA: China is investigating global packaging giant Tetra Pak for "abusing" its dominant market role, an official said last week. This is the latest in a series of probes aimed at foreign companies operating in that country.

8 Jul 2013 08:29


China warns EU to drop telecom probe, solar panel tax

BEIJING, CHINA: China has warned the European Union against escalating bilateral trade disputes, urging Brussels to drop plans to probe Chinese telecom products and impose hefty taxes on its solar panels.

20 May 2013 09:48


KFC sales plummet on bird flu fears

SHANGHAI CHINA: Sales of fast food KFC in China slumped an estimated 36% in April, according to parent Yum! Brands, as consumers shunned chicken due to the H7N9 bird flu outbreak in humans.

14 May 2013 08:43


VW recalls 384,181 vehicles in China

SHANGHAI, CHINA: Volkswagen said on Wednesday (20 March) that it will recall 384,181 vehicles in China because of gearbox defects, marking the German car manufacturer's biggest ever recall.

21 Mar 2013 10:31


Bigger is better says motor industry

Growing affluence in emerging markets is good news for manufacturers of gas-guzzling vehicles.

11 Mar 2013 07:32


Renault recalls 60,000 cars in China

BEIJING, CHINA: French car manufacturer Renault has begun recalling more than 60,000 cars exported to China over problems with their fuel gauge sensors, China's consumer quality watchdog said, according to state media.

11 Feb 2013 08:02


Renault sells stake in Volvo trucks

PARIS, FRANCE: Renault has sold its stake in Swedish truck manufacturer Volvo AB for €1.5bn to cut debt and make strategic investments.

14 Dec 2012 08:24


SA crude steel production falls 13.7%

South African crude steel production fell 13.7% year on year in November to an estimated 550 000 metric tons, latest figures from the World Steel Association reveal.

6 Jan 2012 07:25


Lenovo reports first quarter 2011/12 results

HONG KONG, CHINA: Lenovo Group has reported results for its first fiscal quarter ended 30 June 2011, and for the seventh consecutive quarter, Lenovo claims to have grown faster than any of the top five PC manufacturers, helping the company to become the world's third largest PC vendor in total shipments.*

19 Aug 2011 12:14


Europe will remain home of luxury retail

LONDON, UK: Despite huge growth in China, the market for luxury retail in Europe will remain the most lucrative in the world and will grow by nearly US$60 billion (about R431 billion) to be worth US$175 billion (about R1257 billion) by 2015 finds Verdict, one of the Datamonitor group of companies.

By Published by Verdict 9 Feb 2011 09:28


Unemployment, inflation worries hit consumer confidence

NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.

27 Jan 2011 11:00


Hope for full global economic recovery in 2010 diminishes

NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.

27 Oct 2010 06:22


Sustained business recovery on the cards as companies look to re-start investment

LONDON, UK: The latest Global Business Outlook Survey from KPMG International suggests that businesses are ready to begin investing again as the healthy optimism recorded earlier in the year holds firm. Overall, business optimism remains static but strong, with India and China leading the way; while UK and Spain are still less confident.

3 Aug 2010 12:20

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