Category: Business

China’s Military Ban on Tesla: Killing Two Birds with One Stone

China’s military ban on Tesla vehicles could be part of the Chinese Communist Party (CCP)’s recent tough diplomatic stance against the United States, and can also be used to limit Tesla’s expansion in China to boost local brands, according to two China experts. A March 19 notice about Tesla vehicles being banned by China’s army was…


H&M Vanishes From Chinese Ride-Hailing App Didi After Xinjiang Backlash

SHANGHAI—China’s top ride-hailing app Didi Chuxing has dropped H&M from its listings, joining a backlash over comments made by the Swedish fashion retailer last year about labor conditions in Xinjiang province. Search results for the clothing store chain in the app for all of China’s major cities yielded no results on Friday. Didi Chuxing did…


Burberry Becomes First Luxury Brand to Suffer Chinese Backlash Over Xinjiang

BEIJING—Burberry has lost a Chinese brand ambassador and its hallmark tartan design was scrubbed from a popular video game, becoming the first luxury brand assailed by the Chinese backlash to Western accusations of abuses in Xinjiang. The Chinese regime on Friday sanctioned organizations and individuals in the United Kingdom, days after Britain imposed sanctions for…


Tesla’s Chinese Rival Nio Suspends Production on Chip Shortage

Chinese electric vehicle maker Nio became the latest carmaker to temporarily suspend production on Friday as a result of a global semiconductor chip shortage that has led to major losses. Ford Motor, Honda Motor, General Motors and Volkswagen were among the automakers caught off guard by the shortage, forcing many to hold back production even…


Office Depot, Staples Laminating COVID-19 Vaccine Cards for Free

Office Depot and Staples are laminating the paper cards people who get COVID-19 vaccines receive, for free. The offer is to help customers “upgrade the durability of their vaccination cards,” an Office Depot spokesperson told The Epoch Times via email. People can bring their vaccination card to Office Depot or OfficeMax stores and provide a…


Homeschooled 17-Year-Old Becomes World’s Youngest to Earn a Doctorate in Business Admin

At just 17 years old, a Great Falls teen is celebrating an impressive feat—the completion of her doctoral studies in Business Administration. Describing herself as “so happy” and “glowing,” Dr. Kimberly Strable told KRTV: “I’m the third youngest in world history to ever get a doctorate in any subject, the youngest in all world history to…


Chinese Tech Stocks Slump as US SEC Begins Rollout of Law Aimed at Delisting

WASHINGTON/HONG KONG—Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards. The move by the Securities and Exchange Commission (SEC) adds to the unprecedented regulatory crackdown in China on…


China Pressures Global Apparel Brands to Recant Stance on Xinjiang Forced Labor

The Chinese regime is waging war on Western apparel brands amid a global fallout over its genocide against Uyghurs in the Xinjiang region. Undeterred by growing international condemnation over its rights abuses, Beijing is pressing Western companies to reverse their position on Xinjiang. The regime has dredged up past statements made by companies—some up to…


US Jobless Claims Fall to 684,000, Fewest Since Pandemic

WASHINGTON—The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign that the economy is improving. Thursday’s report from the Labor Department showed that jobless claims fell from 781,000 the week before. It is the first time that weekly applications for…


US Jobless Claims Fall to 684,000, Fewest Since Pandemic Began

WASHINGTON—The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign that the economy is improving. The March 25 report from the Labor Department showed that jobless claims fell from 781,000 the week before. It’s the first time that weekly applications…