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
WASHINGTON: The United States Federal Communications Commission (FCC) is set to ban approvals of new telecommunications equipment from China’s Huawei Technologies and ZTE in the US on national security grounds, according to a document posted by the agency. FCC chairwoman Jessica Rosenworcel last week circulated the proposed ban to theContinue Reading
WASHINGTON: ALL OF US President Joe Biden on Wednesday (Sep 28) announced US$8 billion in brand new private sector spending to fight hunger, including hundreds of millions associated with dollars for foods, after lawmakers did not further extend pandemic-era nutrition supports like universal school foods and increased help to foodContinue Reading
Meta Platforms’s independent Oversight Plank said on Thursday night (Sep 15) that will Facebook should not took down a newspapers report about the Taliban that it considered positive, backing users’ freedom of expression plus saying the tech company relied too heavily on automatic moderation. Meta found the post on theContinue Reading
HONG KONG: The list of Chinese companies facing delisting risks in New York in a long-running dispute over Chinese audits of their accounts continues to expand with the addition of three more on Friday (Aug 5) after e-commerce giant Alibaba’s July inclusion. As talks between Beijing and Washington in searchContinue Reading