Never miss a story

Get subscribed to our newsletter


×
The major drop was witnessed due to to the impact of the COVID-19 pandemic. Pixabay

The profits of China’s major industrial companies dropped by 19.3 per cent year on year between January and May this year due to the impact of the COVID-19 pandemic, the National Bureau of Statistics (NBS) said.

According to the NBS, industrial profits stood at 1.84 trillion yuan ($260 billion) for the first five months of the year, reports Efe news. The figure is less than the projections offered by analysts, who had predicted a 22 per cent fall in profits during this period.

Keep Reading Show less

Popular

If you are shopping around for car insurance, let the following tips and tricks guide you. Pixabay

According to the stats, car insurance costs are skyrocketing. It’s increasingly becoming expensive to purchase car insurance covers. That’s why most car owners are struggling to fund their car insurance covers. However, you can get cheaper auto insurance covers. So, if you are shopping around for car insurance, let the following tips and tricks guide you get a cheaper cover.

State Your Mileage Accurately

Keep Reading Show less
The set is a 3,696 piece, 1:8 scale model that embodies the unmistakable power and stunning looks of the hybrid Lamborghini super sports car. Pixabay

Now here’s something that the boys are just going to love, Automobili Lamborghini and the LEGO Group have partnered to produce the LEGOe Technice Lamborghini Sien FKP 37. The set is a 3,696 piece, 1:8 scale model that embodies the unmistakable power and stunning looks of the hybrid Lamborghini super sports car, for speed lovers and LEGO fans.

Originally revealed at Frankfurt Auto Show 2019, the Lamborghini Sian’s futuristic features are authentically recreated in the LEGO Technic model, including a replica of the V12 engine; a moveable rear spoiler; front and rear suspension; and steering powered by a wheel complete with the Automobili Lamborghini badge.

Keep Reading Show less
The new milestone also points to the significant production achieved through the first quarter of 2020, according to the Electrek. Pixabay

Electric Vehicle (EV) maker Tesla has announced that it has produced its one millionth electric car, thus becoming the first auto manufacturer to reach the milestone.

Tesla CEO Elon Musk made the announcement by sharing a picture of the car — a red Model Y — on Twitter.

Keep reading... Show less