China’s consumer prices climb as Covid prompts food stockpiling

China's consumer prices climb as Covid prompts food stockpiling

Fresh vegetable prices rose by 24% year-on-year in April as consumers stocked up to prepare for potential stay-home orders. Pictured here is a delivery driver for Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | dpa | Getty Images BEIJING — China’s consumer and producer prices rose more than expected in … Read more

Open to close after Wall Street sell-off

Open to close after Wall Street sell-off

The pan-European Stoxx 600 fell 1% in early trade, with retail stocks shedding 1.5% to lead losses as almost all sectors and major Bourses slide into negative territory. Oil and gas stocks gained 0.7%. The Dow Jones Industrial Average plunged more than 1,000 points and the Nasdaq Composite fell nearly 5% on Thursday, erasing Wednesday’s … Read more

China’s Beijing city loosens robotaxi rules for Baidu Apollo Go, Pony.ai

China's Beijing city loosens robotaxi rules for Baidu Apollo Go, Pony.ai

Chinese tech companies Baidu’s Apollo Go and Pony.ai announced Thursday they received permission from Beijing city authorities to remove the safety driver for part of their robotaxi business in a suburban part of the city. Vcg | Visual China Group | Getty Images BEIJING — China’s capital city has moved one step closer toward letting … Read more