Business Brief (Sept. 23): China Opens New Arctic Shipping Route to Europe
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China opens new Arctic shipping route to Europe
The “Istanbul Bridge” vessel is set to depart from Ningbo-Zhoushan port for the U.K.’s largest container port, Felixstowe, via the Arctic, officially launching the “China-Europe Arctic Express” route. As a new international shipping trunk line connecting East Asia and Europe, the route shortens travel time by 22 days and reduces carbon emissions by 50% compared with traditional routes.
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- China launched a new Arctic shipping route to Europe, cutting travel time by 22 days and carbon emissions by 50%.
- Super Typhoon Ragasa caused widespread transport disruptions in southern China, including nearly 700 flight cancellations in Hong Kong.
- International gold prices hit a record high, with spot gold at $3,747/oz and gold up 40% this year.
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Who’s Who
- Nio Inc.
- Nio Inc., also known as 蔚来, has notably reduced the prices of a new car model. This strategic move aims to stimulate sales during the fourth quarter. The company is actively working to boost its market performance.
- Taobao
- Taobao is mentioned in the article in the "Companies" section. It will launch its "Double 11" shopping festival simultaneously in 20 countries for the first time.
- WeRide
- WeRide has entered into a partnership with Grab to initiate the Ai.R autonomous driving project. This collaboration is mentioned within the "Companies" section of the "NEWS SUMMARY."
- Grab
- Grab has partnered with WeRide to launch the Ai.R autonomous driving project. This collaboration signifies Grab's involvement in the development and implementation of autonomous driving technology.
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