New China Turboshaft Engine Obtains License
State-owned Aero Engine Corporation of China announced on Thursday that its civil turboshaft engine, designed primarily for helicopters, has obtained a production license and secured its first sales contract. The AES100 engine is China’s first independently developed 1,000-kilowatt advanced turboshaft engine for civil aviation and fulfills complete compliance with international airworthiness standards.
P&G to cut jobs
Consumer goods giant Procter & Gamble said it eliminate around 7,000 jobs, or about 15 percent of its global non-manufacturing workforce, over the next two years in a major restructuring. Executives unveiling the plan during a corporate event in Paris suggested that weaker products in its portfolio may be discontinued. The company recently lowered its full-year sales and earnings forecasts
Intellectual property disputes rise
Chinese companies faced 1,227 new intellectual property disputes in the US in 2024, up 4.6 percent from a year earlier, according to the official English-language website of China News Service. It cited a report made public this week by the China Intellectual Property Society. Of the disputes, 587 were related to patents, 668 involved trademarks and 16 concerned business secrets. The report said most of the businesses involved were in wholesale and retail industries, largely based in Zhejiang, Guangdong and Fujian provinces.
Source: China Biz Buzz
https://www.shine.cn/china-biz-buzz/2506065409/