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April 29th - IDCs latest report, "China Automotive Cloud Market (H2 2025) Tracker," shows that the Chinese automotive public cloud IaaS market will continue its rapid growth in the second half of 2025, reaching a market size of 6.8 billion RMB. Alibaba Cloud maintains its leading position with a 42% market share. Since 2021, Alibaba Cloud has been the top-ranked automotive public cloud IaaS provider in China for five consecutive years. According to IDCs estimates, public cloud has become the future trend for cloud infrastructure in the automotive industry, accounting for 87% of the market.On April 29th, Hong Kong Exchanges and Clearing Limited (00388.HK) announced that its revenue and other income for the first quarter of 2026 were HK$8.203 billion, an increase of 20% compared to the first quarter of 2025 (and 12% compared to the fourth quarter of 2025). Revenue from its main business increased by 22% compared to the first quarter of 2025, reflecting increased trading and settlement fees due to higher trading volumes in the spot and commodity markets. Profit attributable to shareholders was HK$5.188 billion, an increase of 27% compared to the first quarter of 2025 (and 20% compared to the fourth quarter of 2025).On April 29, the State Taxation Administration held a press conference in Chongqing to release the "Country-Specific Implementation Guidelines for the Global Minimum Tax Rule," which for the first time released the country-specific implementation guidelines for Denmark, Ireland, and the United Arab Emirates. This marks a further upgrade to the "Tax Road" cross-border tax knowledge product system.On April 29th, Geely Automobile (00175.HK) announced that in the first quarter of 2026, the Group continued its steady growth momentum, recording total sales of 709,358 vehicles, representing a year-on-year increase of 1%. Benefiting from strong export sales and an increased proportion of high-value product sales, the Groups revenue increased by 15% year-on-year, with revenue growth exceeding sales growth. In the first quarter of 2026, profit attributable to owners of the parent company was RMB 4.17 billion, a year-on-year decrease of 27%, mainly due to the different impact of foreign exchange fluctuations compared to the same period last year.On April 29th, TSMC (TSM.N) announced in a company filing that it had sold its remaining stake in Arm (ARM.O). The filing shows that TSMC Partners sold 1.11 million Arm shares at $207.65 per share between April 28th and 29th, for a total of approximately $231 million. This sale had a $174 million impact on retained earnings. Following the transaction, TSMC no longer holds any Arm shares. TSMC, along with several strategic investors, invested approximately $100 million in Arm during its 2023 IPO at $51 per share. Subsequently, TSMC gradually reduced its holdings, selling 850,000 shares at $119.47 per share in 2024, realizing approximately $102 million.

Plastic Consumption Is Projected to Nearly Double by 2050, According to Studies

Haiden Holmes

Feb 27, 2023 14:08

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According to research published on Monday, plastic consumption in G20 nations is on track to nearly double by the middle of the 21st century unless a comprehensive and legally binding global treaty to reduce consumption is drafted.


According to Back to Blue, a research group operated by the Economist Impact think-tank and the Nippon Foundation, existing initiatives to increase recycling or reduce single-use plastic consumption have "barely scratched the surface" and a more comprehensive global plan is required.


In Uruguay, the United Nations began negotiations on an agreement to combat plastic pollution in November, with the goal of drafting a legally binding treaty by the end of the following year. 175 countries have joined up for the negotiations.


Nonetheless, if negotiations fail, annual plastic production in G20 nations could reach 451 million tonnes by 2050 based on current development rates, according to Back to Blue - an increase of nearly 75 percent from 2019.


The research group stated, "There should be no illusions that the treaty negotiations will be anything but difficult and treacherous." "The likelihood of failure is high, both in terms of no treaty emerging and a treaty that is insufficient to reverse the plastic tide."


It called for a stricter ban on single-use plastic, as well as increased production taxes and mandatory programs to hold companies accountable for the entire lifecycle of their products, including recycling and disposal.


Back to Blue stated that the combined measures could limit annual consumption to 325 million tonnes by 2050, but that would still be a 25 percent increase from 2019 and the equivalent of 238 million garbage vehicles.


Brazil, the United States, Indonesia, and Turkey are among the G20 countries that have yet to introduce national prohibitions on single-use plastic products, according to the report.