US blacklists China’s DJI drones for alleged PLA ties

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China’s DJI, the world’s largest drone maker, has been accused by the United States of having ties with the Chinese army after its products were reportedly used by Russian troops to invade Ukraine. On October 4, the United States Department of Defense (DoD) blacklisted 13 Chinese companies, including DJI, BGI Genomics and China State Construction […]

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Samsung rings the alarm for electronics sales

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SEOUL – The long, happy times enjoyed by the electronics sector are coming to an end, if a Friday alert published by industry colossus Samsung is any indication. According to an earnings guidance published today, the company anticipates consolidated sales of approximately 76 trillion won ($53.7 billion) and operating profits of 10.8 trillion ($7.6 billion) […]

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US looks on while China takes the Gulf digital

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The US-China strategic rivalry extends to the struggle for control over the digital economy — particularly digital infrastructure and technological innovation. China’s digital economy is among the most vibrant in the world, ranking second globally in 2021 at US$7.1 trillion. And it has become a crucial part of the relations between China and Gulf states including Bahrain, […]

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Huawei’s new chip supplier draws US attention

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A startup set up by a former Huawei executive in Shenzhen has drawn Washington’s attention as it will reportedly supply chips to US-sanctioned Huawei Technologies. Established in June 2021, Shenzhen Pengxin Micro Integrated Circuit Manufacturing Co Ltd will receive its ordered chip-making machines next year and start producing 28 nanometer (nm) chips in 2025, media reports said.  […]

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Global margin call hits European debt markets

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Risk gauges in Germany’s government debt market rose last week to levels higher than recorded in the 2008 world financial crash, as margin calls forced the liquidation of derivatives positions held by banks, insurers and pension funds. Big institutional investors that spent the past ten years insuring their portfolios against falling interest rates now face […]

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China blowing hot on compressed air energy storage

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For decades, global scientists have searched for low-cost methods to store excess electricity generated during non-peak hours for use during peak times. Yet both of the two most commonly used methods have serious limitations. Batteries offer the highest energy efficiency – more than 90% – but they are expensive. Hydroelectric storage – storing kinetic energy […]

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Onshoring semiconductors is a chipped ambition

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The disruptions caused by the Covid-19 pandemic have limited the supply and increased the cost of semiconductors. One of the clearest impacts of the chip shortage has been on the automotive sector. Reestablishing some semblance of normality within the semiconductor supply chain has, as a result of this and similar shortages, moved from theoretical discussions […]

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How IMF turned the world against the British pound

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Everyone from political pundits to people on the street have issued forth on the new UK government’s tax cut-laden growth plan recently. But it was a rare public rebuke from the International Monetary Fund (IMF) that really impacted financial markets. Days after the government made its mini-budget announcement, the IMF warned that “large and untargeted […]

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China scrambles to keep sagging exports afloat

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China's private sector has been a key driver of export growth. Photo: iStock

China’s government has unveiled new measures to help its exports keep growing in the second half of this year amid slowing demand in Europe and the United States. On Tuesday, China’s Ministry of Commerce said it would help exporters with export credit insurance and tax benefits, and make it easier for them to participate in […]

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Vietnam ready for next FDI wave out of China

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Foreign immediate investment (FDI) in Vietnam continues to enhance, rising from US$11. 57 billion within July to $12. 8 billion in August 2022, signaling the country’s recovery from Covid-19. The growth is definitely partly due to Hanoi’s consistent efforts to offer a  safe plus welcoming environment  regarding foreign business via Special Economic Areas (SEZs) — making sure companies have access to a nearby […]

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