EUR/USD 1.15942
0.054%
Gold 4425.57
0.857%
Oil 89.372
0.287%
USD/JPY 157.718
-0.622%
GBP/USD 1.34932
0.059%
GBP/JPY 212.817
-0.565%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 3 - The China Earthquake Networks Center officially measured a 4.0-magnitude earthquake at 10:45 a.m. on September 3 in Shaya County, Aksu Prefecture, Xinjiang (40.02 degrees north latitude, 83.68 degrees east longitude), with a focal depth of 25 kilometers.On September 3, the 2026 World Power Battery Conference will be held in Yibin, Sichuan. Regarding the current and future development of the power battery industry, Wan Gang, Honorary Chairman of the China Association for Science and Technology, suggested: First, strengthen cutting-edge and leading technology research and innovation, accelerate the research and industrialization of all-solid-state battery technology, encourage the research and exploration of new sodium-ion battery and other technological routes, and further improve the safety level and environmental adaptability of power batteries; Second, continuously explore new opportunities for value growth and promote the construction of a new ecosystem that deeply integrates new energy vehicles and renewable energy; Third, solidify sustainable development capabilities, effectively improve the supervision level of the entire process of power battery production, sales, use, and recycling through digital technology, and improve the efficiency of battery material reuse; Fourth, enhance the level of international exchange and cooperation, give full play to the role of platforms such as the World Power Battery Conference, promote the joint construction of basic rules and mutual recognition of key data for global low-carbon trade, strengthen the overall planning of the overseas development of the power battery industry, and guide enterprises to scientifically plan the pace and mode of overseas development.According to Tencent Security, Tencent has officially launched WorkBuddy Financial Edition.On September 3rd, the Shanghai Municipal Commission of Housing and Urban-Rural Development issued a notice regarding the "15th Five-Year Plan for Housing and Urban-Rural Development Management in Shanghai." The plan outlines several key initiatives: steadily and orderly advancing the construction of fundamental systems related to real estate development, financing, and sales; standardizing market order and enhancing the level of the real estate service industry; increasing efforts to cultivate professional and large-scale housing rental enterprises and improving the classified supervision system for housing rentals; accelerating the improvement of the housing supply system, scientifically and rationally determining the scale, spatial layout, and product structure of housing supply in each district, and adding 25-28 million square meters of commercial housing; and by 2030, adding 250,000-270,000 units (rooms) of affordable rental housing and raising over 120,000 beds for the "New Era Urban Builders and Managers Homes." The plan also focuses on various housing consumption scenarios and expands the scope of support for housing rental services.On September 3rd, the Shanghai Municipal Commission of Housing and Urban-Rural Development issued a notice regarding the "15th Five-Year Plan for Housing and Urban-Rural Development Management in Shanghai." The plan aims to accelerate the renovation of urban villages, with the overall renovation projects fully launched and completed by the end of 2026; and the preliminary renovations for these projects to be completed by the end of 2027; the plan also includes the simultaneous implementation of planned improvement projects. Furthermore, it aims to accelerate the renovation of old housing units, striving to complete the renovation of the remaining approximately 20,000 square meters of low-beam, thin-slab housing by the end of 2026; and to basically complete the renovation of non-standard employee housing by the end of 2030. The plan also aims to achieve positive results in the renewal of non-standard lane houses, apartments, and garden residences.

Apple Supplier Foxconn Increases COVID-19 Employee Compensation

Aria Thomas

Nov 01, 2022 14:45

16.png


Foxconn, an Apple (NASDAQ:AAPL) supplier, reportedly increased compensation and awarded bonuses to employees at its Zhengzhou factory in central China in an effort to quell employee outrage about COVID limitations.


The Henan Daily quoted an unnamed head of the company's integrated digital product business group unit as saying on Monday that daily wages for employees of a Foxconn unit responsible for manufacturing electronics, such as smartphones, at the site have been increased to 100 yuan ($13.70) between October 26 and November 11.


According to the source, the company, formerly known as Hon Hai Precision Industry Co Ltd, is also paying a daily bonus of 50 yuan to all employees at the site who have maintained regular attendance since October 19 and adhered to virus prevention procedures.


Foxconn did not respond to a request for comment on the Henan Daily article immediately. The Henan Daily is the provincial newspaper of Henan, whose capital is Zhengzhou.


Foxconn is the largest iPhone producer for Apple, accounting for 70 percent of global iPhone shipments. It employs over 200,000 people at its Zhengzhou facility, where it manufactures the majority of its phones, and has additional production sites in India and southern China.


Several employees departed the Zhengzhou site over the weekend because they were dissatisfied with the safeguards taken to prevent the spread of COVID-19.


Reuters reported on Monday, citing a source, that November iPhone production at the facility may reduce by as much as 30 percent and that Foxconn is attempting to make up for the shortfall at another factory in Shenzhen city.

Suggestion