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EU opens probe into China's medical device market
EU opens probe into China's medical device market
Business and Economy
by  AFP

The European Union has launched an investigation into Chinese public procurement of medical devices, the EU's official journal said Wednesday, in a move that risks raising further tensions with Beijing. It is the first probe under the EU's International Procurement Instrument which seeks to promote reciprocity in access to international public procurement markets.

Heineken beer sales pop but hazy days ahead
Heineken beer sales pop but hazy days ahead
Business and Economy
by  AFP

Dutch brewer Heineken said Wednesday its beer sales were up but saw a "challenging and uncertain" economic outlook and couldn't guarantee the same growth for the rest of the year. "We continue to see the economic environment as challenging and uncertain, and will remain agile and focused," he said.

Chinese sellers go to TikTok school to reach buyers abroad
Chinese sellers go to TikTok school to reach buyers abroad
Technology
by  AFP

Donning hijabs and floor-length abaya gowns over shorts and tank tops, Chinese students at an e-commerce school perform into a smartphone camera as they learn how to sell the clothes to overseas TikTok users. It is the final day of a two-week course on selling products abroad via the short video app -- which despite being blocked in China is a platform more and more Chinese vendors are turning to.

German forecast to offer signs if ailing economy on the mend
German forecast to offer signs if ailing economy on the mend
Business and Economy
by  AFP

The German government will present its latest growth forecasts on Wednesday as Europe's crisis-hit top economy shows tentative signs it is finally turning a corner. But slight improvements in indicators do not mean the government will make any big changes to its forecasts, with analysts still expecting tepid growth this year.

China, future HQ: New ASML boss faces bulging in-tray
China, future HQ: New ASML boss faces bulging in-tray
Technology
by  AFP

Frenchman Christophe Fouquet takes the reins of Dutch chip giant ASML on Wednesday with a daunting to-do list, top of which will be steering business with China as semiconductors become a geopolitical battleground. Fouquet is the second Frenchman to run the Dutch firm, after Eric Meurice, and trade publication Bits&Chips said his nationality could cut both ways.