Honeywell International Inc (Honeywell) announced that it will close two N95 mask factories that were hastily put into production last year in response to the surge in demand during the epidemic, as fewer and fewer people wear masks in the United States with the promotion of vaccines.. The closure will affect about 470 employees at the Smithfield plant in Rhode Island and 700 at the Phoenix plant. At present, many states in the United States have stopped requiring people to wear masks, and the vaccine has given more people the confidence to give up wearing masks. The company will continue to produce masks at its efficient automated N95 mask plant in Chandler, southeast of Phoenix.

American Express Co (American Express) saidWith the relaxation of restrictions on the COVID-19 epidemic and the rebound in travel demand, Americans are increasingly using their credit lines. The payment company reported thatAfter being hit hard by the blockade of the epidemic, domestic tourism bookings in the United States are now close to a full recovery.According to American Express Co, travel bookings in May were 95 per cent of those in May 2019. American Express Co has also seen a rebound in food and beverage spending, which totaled 85 per cent of its May level in 2019.

At a time of strong economic recovery in Western countries, a new wave of COVID-19 outbreak has just begun in Asia, which is causing new obstacles to the global supply chain, which may push up prices and drag down the recovery in the post-epidemic era.. Outbreaks in Taiwan and Malaysia, two key links in the semiconductor supply chain, are exacerbating the global core shortage, while production in the automotive and technology industries has been delayed by core shortages.

Samsung Electronics (Samsung Electronics) will hold an online product launch in early August to unveil new folding screen phones, Galaxy Z Fold3 and Galaxy Z Flip3.The two new products will be officially launched at the end of August. For the first time, the main display of the Galaxy Z Fold3 will be equipped with an off-screen camera (UDC) and an S Pen stylus. The size of the external secondary screen of the Galaxy Z Flip3 is double that of the previous generation, and users can view information without having to expand the phone. It is reported that the weight and thickness of the two products are less than the previous ones, and the price will be 20% cheaper.

Accenture PLC (Accenture) announced the acquisition of umlaut, an engineering consulting and services company headquartered in Aachen, Germany.This move will greatly expand Accenture PLC's profound professional capabilities and help enterprises to innovate product design, development and manufacturing methods and implement sustainable development by using digital technologies such as cloud, artificial intelligence and 5G. Through the acquisition of umlaut, more than 4200 industry-leading engineers and consultants from 17 countries and regions, including China, will join Accenture PLC's Industrial X business team to enhance Accenture PLC's expertise in the automotive, aerospace, telecommunications, energy and utilities industries.

Nissan Motor will stop the development of new models of cars such as the Skyline. The target is all four models in Japan.. In the past, most of Nissan's new car sales were cars, but cars have declined in recent years. Nissan plans to focus its operating resources on SUV and pure electric vehicles (EV), and is likely to withdraw from its domestic car business. The development of high-end cars "Fengya" and "Sima" will also stop. Production of Xuanyi has been stopped by the end of 2020. Skyline, which started production in 1957, sold 660000 cars in Japan in four years at its peak in the 1970s, but only 5800 cars were sold in 2020, accounting for 1 per cent of new car sales.

Baoneng Group and Guangzhou Development Zone signed a strategic cooperation agreement on June 15. The headquarters of Baoneng New Energy Automobile Group Co., Ltd. of Baoneng Group will be located in Guangzhou Development Zone.The state-owned enterprises in Guangzhou Development Zone will invest 12 billion yuan in Baoneng New Energy Automobile Group, and the two sides will join hands to build a global first-class new energy automobile group with international competitiveness. Baoneng Group has successively invested in Guangzhou New Energy vehicle Base, Power Battery Base, Dawan District Investment headquarters and other projects in Guangzhou Development Zone. The two sides will use Guangzhou Development Zone as the headquarters base, expand and strengthen the headquarters of Baoneng New Energy Automobile Group, and optimize the investment layout of the automobile industry chain in the Dawan area.

Blackrock (BlackRock) Exchange traded Fund (ETF) business assets under management broke through the $3 trillion mark for the first time in history in May this year.. Moreover, the exchange traded fund (ETF) sector continues to grow rapidly, with net inflows of more than $400 billion so far this year. Blackrock has a net inflow of $103.76 billion so far this year, surpassing the $28.99 billion in 2020. The company currently has 389 different ETF.

Honeywell International Inc announced that he had reached a cooperation with high-end snack brand stores to help them upgrade their warehousing intelligently.To further achieve the development goal of reducing staff and increasing efficiency in logistics warehousing, so as to meet many challenges brought by the continuous growth of orders. In the cooperation with the quality products store, Honeywell International Inc provides the overall project integration solutions for the quality products stores, including scheme and engineering design, automation equipment, installation, commissioning and technical support, by using a number of advanced technologies, such as robot feeding line, box conveying system, falling bag sorting machine, WCS warehouse control system and so on.

Haidilao International Holding's share price continued to decline, falling more than 6% in intraday trading on June 15, falling as low as HK $37.05, a new low, and the total market capitalization as low as HK $196.4 billion. As of the close, Haidilao International Holding fell 1.63 per cent to HK $39.15 per share, with a total market capitalization of HK $207.5 billion. On February 15 this year, Haidilao International Holding's share price soared to HK $85.80, with a total market capitalization of HK $4547.4.Compared with the all-time high in February this year, Haidilao International Holding's closing price has fallen by 54.3%, while the market capitalization has lost more than HK $247.2 billion.

Chinese sporting goods company Xtep International announced on Tuesday that Hillhouse Group, a private equity fund, will invest US $65 million (about HK $505.7 million) in Xtep's global strategy, which owns the company's K-Swiss and Paladin brands.And intends to subscribe for convertible bonds with a principal amount of HK $500 million issued by the public.

Toys R us Asia operates more than 470 brick-and-mortar stores in Chinese mainland, Hong Kong, Taiwan, Japan, Singapore, Malaysia, Thailand and Brunei, as well as franchise stores in Macau and the Philippines. At present, the turnover of its 10 countries and regions is recovering, and the speed of recovery varies from place to place. Toys R us Asia's current sales are growing by double digits compared with last year, among which, the Chinese market has reaped relatively high double-digit growth.Toy "R" Us is expected to open at least 150 new offline stores in Chinese mainland over the next three years.

SK Group, South Korea's third-largest chaebol, is on the offensive to capture domestic demand in Vietnam, a huge market with a population of 100m.SK Group recently participated in VinCommerce, the largest local circulation enterprise in Vietnam, and Vingroup, the largest integrated enterprise in Vietnam, and began to transplant its own business experience. SK invested $400m in April to VinCommerce, which operates Vinmart, for a 16.3 per cent stake. VinCommerce operates about 2300 supermarkets and convenience stores in Vietnam, but has suffered huge losses in its expansion strategy. The company still has a large number of loss-making stores, but SK has launched an investment.

Amazon.Com Inc (Amazon) announced on Tuesday that it will open its first full-scale (full-size) grocery store in Washington State.. The new Amazon Fresh store will use "Just Walk Out" technology, which means you don't have to wait in line at the cashier to pick up the goods and leave immediately. The store also offers Amazon.Com Inc parcel pick-up, return, Alexa Kiosks and Amazon One, although the store also has a cashier if you want to pay in the usual way.

The system failure of Southwest Airlines (Southwest Airlines) has been going on for two days, causing a large number of passengers to be stranded at airport terminals everywhere.. The third-party weather data provider of Southwest Airlines experienced a system failure on the 14th, which grounded all flights of the airline for several hours. After the emergence of technical problems, the company has taken grounded measures to protect the safety of the crew and customers, and some flights have resumed operation. Southwest Airlines said it would solve the system problem as soon as possible and advised passengers to check the flight status on the official website and contact customer service for help. Data show that Southwest Airlines reported 1521 flight delays on the 14th.

Full Truck Alliance Co. Ltd. Group, a digital freight platform, plans to land on the New York Stock Exchange on June 22nd.. According to the prospectus, Full Truck Alliance Co. Ltd. Group expects to issue 82.5 million American depositary shares (ADS) at a price range of US $17,019 per ADS, while giving the underwriter an over-allotment of 12375000 ADS shares, raising a maximum of US $1.8 billion in the case of green shoes, valuing it at more than US $20 billion. The total net income of Full Truck Alliance Co. Ltd. Group in 2019 and 2020 is 2.4731 billion yuan and 2.5808 billion yuan respectively. Net losses of RMB 1.5237 billion and RMB 3.4705 billion were recorded in 2019 and 2020 respectively.

Financial report information

Emirates Airlines (Emirates Airline) reported revenue of 35.6 billion dirhams ($9.7 billion) and a loss of 22.1 billion dirhams ($6 billion) for the 2020-21 fiscal year. Weak demand caused by business and travel restrictions caused by COVID-19 's epidemic has affected its major businesses and markets. This is the first unprofitable year for Emirates in more than 30 years.

Oracle Corp (Oracle) released results for the fourth quarter and full year of fiscal year 2021 ended May 31. Fourth-quarter revenue was $11.227 billion, compared with $10.44 billion a year earlier, and net profit was $4.033 billion, compared with $3.116 billion a year earlier. Fourth quarter revenue from cloud services and licensing support business was $7.389 billion, cloud licensing and on-site licensing revenue was $2.144 billion, hardware revenue was $882 million, and services revenue was $812 million. Total revenue was $40.479 billion in fiscal year 2021 and $39.068 billion in fiscal year 2020. Net profit was $13.746 billion for the fiscal year and $10.135 billion for fiscal 2020.