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Iraq Bulletin

Tag : China

Business

Apple shares climb as iPhone sales rebound, surpassing estimates

iraqbulletin.co
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......
Travel

UNWTO and GTEF strengthen partnership to unlock tourism potential

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United Nations World Tourism Organization (UNWTO) and the Global Tourism Economic Forum (GTEF) have announced their intentions to strengthen their collaboration in a joint effort to promote closer ties between governments and the tourism industry’s private sector. The two organizations plan to revamp and enhance their annual Forum, with this......
Technology

Japan set to invest $7 billion in chip-gear to bolster global semiconductor market position

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Japan is set to increase its spending on chip-gear by a staggering 82% in a bid to bolster its position in the global semiconductor market. The spending boost will put Japan ahead of other major chip-making markets, including China, Europe and the Middle East. Although Taiwan remains the biggest spender......
News

Canadian legislature laughs after Biden accidentally applauds China

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Canadian MPs laughed when US President Joe Biden corrected himself after praising China’s immigration policies instead of Canada’s. While praising Canada’s stance on migration on Friday, President Biden mistakenly praised China. While discussing U.S. immigration policies at the Canadian Parliament in Ottawa, Biden made the gaffe. “We are expanding legal......
Health

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

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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

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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......