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China electric car sales forecast to hit record 6 million

Bloomberg Electric vehicles sales in China are forecast to hit a record 6 million this year as demand for cleaner cars surges. The China Passenger Car Association (CPCA) raised its estimate from 5.5 million, after releasing data showing deliveries of new-energy vehicles more than doubled in July to around 486,000 units — accounting for 26.7% of the new auto market. ...

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Apple laptop maker’s profit halved

  Bloomberg Apple Inc MacBook assembler Quanta Computer Inc said its Shanghai campus recovered from Covid-related disruptions more slowly than expected, halving its profit. Net income for the second quarter came in at NT$3.96 billion, down 50% and below the average estimate of NT$4.3 billion. Sales totalled NT$270.5 billion, versus average analyst estimate of NT$258.4 billion. Quanta announced in April ...

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Abu Dhabi’s H1 non-oil foreign trade rises 12% to AED124bn

  Abu Dhabi / WAM The total value of the emirate of Abu Dhabi’s non-oil foreign trade amounted to about AED124 billion during first half of 2022, compared to AED110 billion and 313 million, with a growth rate of 12%, recorded in the same period of 2020. Exports during the first six months of this year increased to 26%, at ...

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