Nike may have a more serious problem than inflation and China lockdowns

Inflation and lockdowns in China are catching up with Nike, making it difficult for the sportswear giant to pull inventory off shelves. On Thursday afternoon, Nike reported earnings for the first quarter of fiscal 2023 ending August 31, 2022 of 93 cents, just 0.01 cent better than analyst estimates. Additionally, revenue came in at $12.69 … Read more

Belarus and China will boost coordination of efforts in economy and foreign policy, says Lukashenko

https://sputniknews.com/20221001/belarus-china-to-boost-coordination-of-efforts-in-foreign-political-economy-lukashenko-says-1101411787.html Belarus and China will boost coordination of efforts in economy and foreign policy, says Lukashenko Belarus and China will boost coordination of efforts in economy and foreign policy, says Lukashenko MOSCOW (Sputnik) – Belarus and China are preparing to promote the joint coordination of efforts in foreign policy and the economy at the current … Read more

Lauren Jackson ends Opals run on a high as Australia claims FIBA ​​World Cup bronze, USA defends title

Lauren Jackson saved the best game of her Opals comeback for last, starring for Australia that clinched World Cup bronze with a 95-65 loss to Canada in Sydney. Key points: Jackson played a starring role with a 30-point tally Steph Talbot was among the Opals’ best against Canada The United States defeated China 83-61 in … Read more

Opals suffers heartbreak at FIBA ​​Women’s Basketball World Cup, but bronze is still up for grabs

The Australian Opals’ dream of playing in the FIBA ​​Women’s World Cup 2022 gold medal match was crushed by China in the most heartbreaking way imaginable on Friday night at the Sydney Superdome. It was a game worthy of a World Cup semi-final and one that will be long remembered by fans around the world, … Read more

The Opals fall short in dramatic semi-final loss to China at the Women’s Basketball World Cup

The Opals suffered a painful 2-point loss to China in a thrilling Women’s Basketball World Cup semifinal. Key points: Sami Whitcomb, leading scorer for the Opals with 15 points Steph Talbot scored 12 points and grabbed 10 rebounds Liwei Yang scored 18 points for China and Siyu Wang had 14 points With the score tied … Read more

China to continue wolf warrior diplomacy in Xi Jinping’s third term

At a time when public opinion towards China has become more negative, Beijing has indicated there will be no let up in the so-called Wolf Warrior brand of assertive diplomacy during Xi Jinping’s third term as president, despite criticism that the approach has backfired. “We Chinese will not capitulate. We will not sit back and … Read more

Gautam Adani: Asia’s richest man sees growing isolation from China

New Delhi CNN Business — Indian billionaire Gautam Adani says China “will feel increasingly isolated” and that the “chief champion of globalization” will find it difficult to recover from a period of economic weakness. Speaking at a conference in Singapore on Tuesday, Adani said “rising nationalism, mitigation of supply chain risks and technological constraints,” as … Read more

China finishes in the top two of Women’s Basketball World Cup Group A (updated)

SYDNEY, Sept. 27 (Xinhua) — China secured a top-two finish in Group A with a vital 81-55 win over Belgium on Tuesday ahead of the FIBA ​​Women’s Basketball World Cup quarterfinals. After their fourth victory in five games, China will advance as the second seed in the group behind the undefeated United States. China led … Read more

Philippines to shut down 175 overseas gambling companies and deport 40,000 Chinese workers

The Philippines will halt the operations of 175 overseas gaming companies and deport some 40,000 Chinese workers, a Justice Ministry official said on Monday, as part of a crackdown on the notoriously opaque online gaming industry. The sector emerged in the Philippines in 2016 and grew exponentially as operators capitalized on the country’s liberal gambling … Read more

Xinhua Asia-Pacific news roundup at 1600 GMT, September 26

YANGON — A total of 55 Myanmar students received the China-Myanmar friendship awards on Monday in recognition of their outstanding academic performance. Addressing the ceremony held at the National University of Arts and Culture, Yangon, Chinese Ambassador to Myanmar Chen Hai said it is the first batch of China-Myanmar Outstanding Friendship Awards for Myanmar students … Read more