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China drinks chain Mixue profits spike 40% in 2024
China drinks chain Mixue profits spike 40% in 2024
by  AFP

Chinese drinks company Mixue Group, which has surpassed McDonald's and Starbucks in store count to become the world's largest food and beverage chain, reported a spike in profits on Wednesday as it laid out further expansion plans.

China chip insiders eye stronger global ties despite trade tensions
China chip insiders eye stronger global ties despite trade tensions
by  AFP

Industry insiders at a semiconductor trade fair in Shanghai urged more cooperation between the Chinese chip sector and the rest of the world, despite growing trade tensions with Washington. Xiao, whose company sells chip-making equipment, said he still believed that "in the future we may need cooperation across the global industrial chain".

Over a billion pounds of Coke plastic waste to enter waterways: study
Over a billion pounds of Coke plastic waste to enter waterways: study
by  AFP

By 2030, Coca-Cola products will account for an estimated 1.33 billion pounds (602,000 metric tons) of plastic waste entering the world's oceans and waterways each year, according to a stark new analysis published Wednesday by the nonprofit Oceana. The result: the company's plastic use is projected to exceed 4.13 million metric tons (9.12 billion pounds) annually by 2030.

UK set to cut public spending by billions of pounds
UK set to cut public spending by billions of pounds
by  AFP

Britain's finance minister Rachel Reeves is set to detail billions of pounds of spending cuts in her Spring Statement on Wednesday to address the country's ailing public finances. An advocate of iron discipline over public finances, Reeves is set to detail cuts to welfare payments and government departmental budgets in Wednesday's highly-anticipated update.