Short video game TikTok is committed to taking proactive steps to address issues brought up by Malaysia, a voice stated after the country’s government claimed the software was never fully compliant with local laws. A company director stated in an internet on Thursday, October 12, that” TikTok respects local lawsContinue Reading
Taiwanese chipmaker TSMC has been granted a waiver extension by the US to provide US chip equipment to its Chinese factories, according to Taiwan Economy Minister Wang Mei-hua on Friday( Oct 13 ). The Biden administration released a comprehensive set of export restrictions in October, including restricting China’s access toContinue Reading
BEIJING: In the second-largest economy in the world, China’s consumer prices dropped and factory gate prices decreased significantly faster than anticipated in September. Both indicators continued to show consistent deflationary pressures. According to data from the National Bureau of Statistics( NBS ) that was released on Friday( Oct 13 ),Continue Reading
The communications minister stated on Thursday( Oct 12 ) that TikTok had not done sufficient to stop slanderous or misleading information in Malaysia. He added that the short video app had even broken a number of unspecified local rules. Minister Fahmi Fadzil stated in a social media communication sent afterContinue Reading
It is crucial to regain trust in the industry. In stark contrast to the planned actions by some classmates, Sunac sweetened the reform deal in June to win more bank help. One of the three options offered by Yuzhou Group may have a cut of about 70 % in August,Continue Reading
TOKYO: The Japanese owner of the international clothing retailer Uniqlo is anticipated to break the record profit set by last year when it releases results on Thursday( Oct 12 ), taking advantage of a recovery in China and the yen’s decline. As business in China, its largest international market withContinue Reading
A pandemic-driven growth has dampened demand for the majority of consumer products due to a global economic slowdown and high interest rates, forcing chipmakers to reduce production in an effort to stop falling prices. However, experts predicted that in the fourth quarter, Samsung’s storage chip business lost about$ 3 trillionContinue Reading
HONG KONG: As the largest private estate developer in China struggles with debt restructuring, Country Garden Holdings expressed concern that it might not be able to fulfill all of its seaward payment obligations on time or within the required grace periods. In a filing on Tuesday, October 10, the companyContinue Reading
HONG KONG: & nbsp, Country Garden issued a warning on Tuesday, October 10, about its inability to fulfill its debt obligations to foreign creditors, potentially joining the growing list of Chinese developers who have filed for bankruptcy and paving the way for one of the nation’s largest debt restructurings. SinceContinue Reading
BEIJING: According to Chinese state broadcaster CCTV, Li Xiaopeng, a former party leader and president of China Everbright Group, was fired from both his position and the Communist Party for serious infractions of the law, including corruption. Li is the most current Chinese financial professional to be found guilty asContinue Reading