In order to further control the inflation, the US Federal Reserve has raised interest rates of US dollar for four times this year, with a total range of 225 basis points. The recovery of US dollar ... ( read original story ...)
Fuel-cell maker Hyzon Motors craters after disclosing financial troubles
Hyzon Motors, which went public a year ago in a merger with a blank check shell company, is the latest electrification startup in trouble. ( read original story ...)
COVID-19 in Shanghai: no new local cases, 11 imported infections
The city reported no local confirmed or asymptomatic cases, three imported confirmed cases and eight imported asymptomatic infections on Saturday, said the Shanghai Health Commission on Sunday morning ... ( read original story ...)
Coffee fest hopes to fuel Shanghai’s cultural industries
Organized by the Cultural and Creative Industry Promotion Association and the Food Association, the Coffee Culture Week will run to Aug 18 and feature a variety of themed activities. Data from ... ( read original story ...)
It didn’t hit 50 but Shanghai continues to roast with no relief in sight
Shanghai's extreme heat did not top 50 degrees Celsius but climbed above 40 and triggered this year's fourth red heatwave alert on Friday afternoon, the highest alert in the three-tier system. Some ... ( read original story ...)
China’s Central Bank Unveils Second-Half Plan to Boost Shanghai’s Economic Recovery
The People’s Bank of China’s Shanghai branch held a second-half working conference in which it unveiled a plan to support the accelerated economic recovery of the eastern Chinese city. The PBOC shall ... ( read original story ...)
ZF invests 320m yuan to expand plant in Shanghai
The increased production capacity is expected to become operational in mid-2023, said ZF in a statement on Wednesday. The company said the investment will increase sales of electric power steering ... ( read original story ...)