Industry — china

Starbucks sees hit as coronavirus prompts over 2,000 China store closures (Reuters) - Starbucks Corp (SBUX.O) on Tuesday became the first major U.S. company to warn of a financial hit from the new coronavirus outbreak in China, as it closed thousands of restaurants and adjusted operating hours in its biggest growth market. The world’s largest coffee chain delayed a planned update - based on strong quarterly earnings results - to its 2020 financial forecast because of the outbreak, which has caused over 100 deaths and over 4,000 confirmed cases in China. Shares of the company, which operates 4,292 stores in...

3 Key Lessons For Global Industry From China's 2025 Strategy President Xi Jinping’s “Made in China 2025” strategy, unveiled in 2015 and now thrust back into the limelight by President Trump’s bellicose stance on trade, holds three important lesson for global industry. First: making things matters; and the future of making things matters even more. This should be a non-controversial statement, but it is not. Economists often mock “the manufacturing fetish” and argue there is no reason to consider manufacturing a better driver of economic growth than any other sector. As economies get richer, they tend to shift from agriculture...

Nokia and China Mobile to set up joint AI*5G lab for further research using artificial intelligence and machine learning in 5G networks MoU signed to research radio resource management and traffic prediction using AI and machine-learning in 5G  RAN network Establishment of joint AI*5G lab in Hangzhou, China, to accelerate technical innovation and integration. Collaboration will foster open RAN ecosystem as Nokia and China Mobile work with third parties to shape future super-fast 5G and Edge Cloud services China Mobile will lead solution definition and related open API interface standardization, Nokia responsible for solution verification and demo development. Leverages Nokia...