WASHINGTON: US Commerce Secretary Gina Raimondo cautioned China in interviews on Sunday( Sep 3 ) that US businesses’ patience was” wearing thin ,” saying they deserved” predictable environments and a level playing field.” Previously, the two largest economies in the world were each other’s main trading associates. Today, Beijing tradesContinue Reading
WASHINGTON: Washington and Beijing both want to stabilise US-China ties and deal constructively with problems in their relationship, Treasury Secretary Janet Yellen said in an interview airing on Monday (Jul 10). Yellen’s comments on National Public Radio’s Marketplace program come after a four-day visit to Beijing during which she metContinue Reading
“PSEUDO-MEDIEVAL” Fans in other countries also rushed to download the title or purchase it at stores. In Seoul, 23-year-old Jo Young-min said that the game should be a success because “Japanese culture is quite popular and also because Final Fantasy already has a hardcore fan base”. Daniel Ahmad, director ofContinue Reading
SAN FRANCISCO: A former US-based executive of ByteDance, the Chinese company that owns TikTok, has sued it for wrongful dismissal, saying he was fired for sounding the alarm over what he called its “culture of lawlessness”. The suit, filed by Yu Yintao in a San Francisco court, comes as political pressureContinue Reading
SYDNEY: When China ended a lengthy border closure in January, e-commerce marketer Tianni Ren immediately began planning a team building trip for her 14 staff to Australia, hoping to see its stunning pink salt lakes that had captivated her on social media. But instead she took her colleagues from theContinue Reading
Australia’s Perth Mint on Tuesday (Mar 7) said there is no question about the value and purity of gold bars it has sold to customers in China, responding to a media report alleging that it could face a potential recall of A$9 billion (US$6 billion) worth of “doped” gold bars.Continue Reading
SYDNEY: Australia’s sovereign wealth fund, the Future Fund, is screening its portfolio for Chinese companies at risk of United States investment restrictions, its chairman said on Tuesday (Mar 7). The Biden administration plans to ban investments in some Chinese technology firms and increase scrutiny of others, sources have said, asContinue Reading
WASHINGTON: The House Foreign Affairs Committee plans to hold a vote next month on a Bill aimed at blocking the use of China’s popular social media app TikTok in the United States, the committee confirmed on Friday (Jan 27). The measure, planned by the panel’s chair Representative Michael McCaul, aContinue Reading
BERLIN: German Chancellor Olaf Scholz campaigned for a level playing field for European and Chinese companies during his trip to China, he told journalists in Beijing on Friday (Nov 4). He had emphasised in his talks that it was necessary for German and European companies to be able to makeContinue Reading
US companies from tech giants Alphabet and Microsoft to GE and toymaker Mattel reported big slowdowns in growth or warned things were going to get worse, fanning recession fears and driving down stocks. The gloomy reports spilled into Asia on Wednesday (Oct 26), with South Korean chipmaker SK Hynix sayingContinue Reading