RTX Corp will pay a $200 million fine to settle allegations that the aerospace and defense company violated export laws by exchanging data and products with prohibited countries, including China, U.S.
BUSINESS
U.S., Canada EV Tariffs May Lead To Partnerships With China: Sino Auto
It’s politically radioactive” for U.S. automakers to talk about collaboration with China before the presidential vote, says Sino Auto Insights Managing Director Tu Le …
USTR says decision on Section 301 tariffs on Chinese imports to be announced in coming days
The U.S. Trade Representative’s office said on Friday it was continuing to develop final determination on Section 301 tariffs on Chinese imports and will make a decision public in the coming days.
Netherlands to weigh ASML’s interests in China export restriction decision, PM says
The Dutch government will take the economic interests of ASML into account when deciding on further tightening the rules governing the export of ASML computer chip making equipment to China, Dutch …
Duke Trio On Tour In China For Jordan Brand
W hen you get down to it, on one level businessman Michael Jordan is probably very happy to have Zion Williamson, Jayson Tatum and Paolo Banchero representing Jordan Brand. But sc …
China’s top banks post lower second quarter profit as property sector weighs
Four of China’s five largest lenders reported a lower second-quarter profit this week after responding to a government nudge to lower lending rates in order to stimulate weak loan demand amid a slowing economy and…
China follows up crypto ban with an investigation into ‘Chinese CoinGecko’
Feixiaohao, a major crypto market data and industry news provider in China, is apparently being investigated by local police. This follows the crypto blanket ban in China.
China-US business communities remain key defenders, contributors to bilateral ties despite challenges: CCPIT
The China Council for the Promotion of International Trade (CCPIT) stated that China-US business communities remain key defenders and contributors to bilateral relations despite global challenges, and it is hoped to deepen cooperation with the…
Fierce Pharma Asia—Sanofi’s flu shot setback; DualityBio’s IPO plan; UCB’s China asset sale
Sanofi has suspended distribution of its two flu vaccines in China out of concern of waning potency. BioNTech’s antibody-drug conjugate partner, DualityBio, has filed for a Hong Kong IPO. UCB will …
China’s restrictions on antimony could lead to ‘another flashpoint with the West’
China is to introduce restrictions on antimony exports and this could lead to another flashpoint with the West over control of critical minerals, according to
China to apply tariff rates agreed in FTA early harvest arrangement on certain imports from Honduras
BEIJING — China will apply tariff rates agreed in an early harvest arrangement for the bilateral free trade agreement signed with Honduras on some imported products from the latter, the Customs …
China’s int’l trade in goods, services up 12 pct in July
BEIJING, Aug. 30 (Xinhua) — The value of China’s international trade in goods and services reached approximately 4.24 trillion yuan in July 2024, marking an increase of 12 percent year on year, …
PwC, a ‘Big 4’ auditing firm, is reportedly bracing for a 6-month ban in China
A PwC China spokesperson said it was not appropriate to comment … Recommended reading: In our new special issue, a Wall Street legend gets a radical makeover, a tale of crypto iniquity, misbehaving poultry royalty,…
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