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
BEIJING: American candy giant Mars Wrigley has insisted it “respects China’s national sovereignty” and apologised after an advert for its Snickers bar referred to Taiwan as a country, sparking outrage on the mainland. Screenshots of marketing for the nutty confectionery featuring the South Korean boyband BTS were swiftly picked upContinue Reading
WASHINGTON: Democratic Majority Chief Chuck Schumer declared that the United States Senate would certainly begin voting on Tuesday (Jul 19) on legislation to improve the US semiconductor industry and improve competition with China. “We have to move quickly, ” he said on Monday as the Senate opened for the 7Continue Reading