ASML Holding, the world’s largest supplier of chip-making machines, accused a former employee in China of stealing data from a shared drive, leading to a possible violation of certain export control regulations. The accusation was made in the company’s 2022 annual report released on Wednesday. It comes as the Dutch and Japanese governments are reportedly […]Continue Reading
The 50 Americans who gave or pledged the most to charity in 2022 committed to giving US$14.1 billion to foundations, universities, hospitals and more – a total that was 60% below an inflation-adjusted $35.6 billion in 2021, according to the Chronicle of Philanthropy’s latest annual tally of these donations. The Conversation US asked David Campbell, […]Continue Reading
SINGAPORE – Finance Minister Lawrence Wong expects “positive but slower” growth in Singapore this year due to high inflation and a slowing global economy, headwinds the city-state hopes to address through an expansionary budget designed to help households and businesses. Unveiling a S$104 billion (US$78.4 billion) spending plan in parliament on February 14, Wong said […]Continue Reading
Under President Joe Biden, the United States has stepped up its campaign to build out and expand its geostrategic position in the Indo-Pacific. Japanese Prime Minister Fumio Kishida’s recent White House visit was a significant payoff for this strategy. The visit was preceded by Japan’s announcements in December 2022 of a new security strategy, including the doubling of […]Continue Reading
Military radar failed to detect China’s spy balloon but Chinese investment in US agriculture has become a big blip on politicians’ radar screens. In Washington and state capitals, legislators seem eager to shoot this bogey down. Some of the bills they’re proposing would subject Chinese ag investment to greater scrutiny. Others would ban it outright. […]Continue Reading
JAKARTA – Driving down Jalan Sudirman through the heart of Jakarta’s neon-splashed central business district these days is an eye-opener. In many high-rise buildings, entire floors are blacked out, compelling evidence of how the Covid pandemic has changed methods of doing business. It really began some years ago, but the pandemic greatly accelerated the move by many companies towards […]Continue Reading
In a recent flight test ahead of its commercial operation scheduled in late February, China’s self-developed C919 narrow-body passenger jet ran into a problem. Chinese media reported that a C919 jet of China Eastern Airlines took off at the Shanghai Hongqiao International Airport at 9:45am on February 1 and landed at the Beijing Capital International […]Continue Reading
More Chinese tourists have visited Hong Kong following the cancellation Monday of the quota system for cross-border travel and pre-departure Covid test requirements. A total of 273,000 people arrived in or departed from Hong Kong on Tuesday, compared with about 3,500 on the year-earlier day, according to the Immigration Department. The Tuesday number is about […]Continue Reading
On Monday, after the government in Beijing had expressed its displeasure over news that the US had shot a Chinese balloon out of the sky, some in China’s media took a different tack: boasting that the country produces affordable meteorological balloons of a world-class standard. Media said the concerned balloon was made by ChemChina’s Zhuzhou […]Continue Reading
China’s exports to Southeast Asia jumped by 20% in 2022, despite a year-on-year decline in China’s total exports driven by a 19% drop in exports to the US and a 17% drop in exports to the European Union. Southeast Asia’s 700 million people stand at the cusp of an economic transformation comparable to the rise […]Continue Reading