Swatch Group Profits Slump 75% in 2024, Dragged Down by China
PARIS - Skittish Chinese consumers at home or abroad dragged down the Swatch Group: The Swiss company's 2024 net income dropped 75 percent to 219 million Swiss francs, or $242 million at current ...
Swatch Posts Steep Drop in Sales and Profit as China Struggles
ZURICH (Reuters) - Swatch Group's sales and profit fell during 2024, the Swiss watchmaker said on Thursday, as improvements ...
Swatch Group Cuts Dividend on Lower Sales Due to Weak China Demand
The watchmaker reported lower net sales for last year, as sales and market-share gains in the U.S., Japan, India and the ...
NDTV24d
As China Gets Another Covid-Like Scare, Beijing Calls It 'Winter Occurrence'
"Respiratory infections tend to peak during the winter season," China's foreign ministry said. As photos and videos emerge on social media showing hospitals in China swamped with people amid ...
alternativeswatch26d
CPP exits China venture, SVP buys Revelyst, PE backs Grant Thornton merger
CPP Investments sells China real estate stake to Dajia Insurance for C$235m The Canada Pension Plan Investment Board (CPP Investments) has agreed to sell its 49% interest in four China real estate ...
Bloomberg L.P.28d
A ‘Made in China’ Crisis Awaits Big Auto
Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. When ...
The Economist29d
China approves the world’s most expensive infrastructure project
On December 25th Xinhua, the state-run news agency, reported that China had approved plans to build the world’s largest hydroelectric dam on the lower reaches of the Yarlung Tsangpo, which flows ...
Indiatimes29d
China facing new Covid-like pandemic? Here's everything we know about it so far
China Virus Outbreak News: There is no confirmation from Chinese health officials or the WHO regarding any such epidemic or state of emergency in China. Though users on Social media are sharing about ...
The Hill29d
China is forcing out foreign car companies
China was one of the important factors pushing the three firms to contemplate a merger. This year has been troubling for almost all foreign carmakers in that country, which boasts the world’s ...
Wall Street Journal29d
China’s Economy Is Burdened by Years of Excess. Here’s How Bad It Really Is.
China’s go-go days are behind it as the world’s second-largest economy struggles with the bursting of the biggest real-estate bubble ever. Now, China’s goal of overtaking the U.S. as the ...
The New York Times29d
China’s Leader Nods to Economic Challenges
By Daisuke Wakabayashi and Claire Fu China’s top leader, Xi Jinping, veered momentarily from his usual talking points in a New Year’s address to acknowledge the challenges of the country’s ...