Louisiana Senator John Kennedy urged the Biden administration Monday to take immediate action in halting the transport of advanced artificial intelligence (AI) microchips to China. This call to action comes amidst growing concerns over national…
BUSINESS
Lay-offs by China’s top firms in key industries show unemployment biting through economic turmoil
A Post review of 23 annual reports from leading Chinese firms found that more than half downsized last year, while others slashed staff-related expenses.
GM’s China brands down sharply in second quarter
GM and other outside automakers have been struggling to compete in a country with an array of new and affordable EV offerings.
‘History has been made.’ Why promises by Trump, GOP platform to defend crypto are a big deal for the industry.
In a move that could significantly impact the future of digital assets, the Republican Party has included language in its 2024 platform promising to …
Is Nvidia Defying US Export Controls? What’s Going On?
Nvidia Corp (NASDAQ:NVDA) is on track to sell $12 billion of artificial intelligence chips in China this year despite the U.S. export controls, the Financial Times reports. According to analyst forecasts,
3 Blockchain Stocks to Add to Your Must-Watch List in July 2024
Wall Street’s focus on blockchain stocks is likely to continue in the second half of 2024 as well. Blockchain, the technology behind cryptocurrencies like Bitcoin (BTC-USD) and Ethereum (ETH-USD), has …
China-owned fast-fashion site Shein’s US expansion plans pose cybersecurity risk: experts
US security experts warn that Shein’s plans to expand its influence across the US supply chain could lead to the abuse of consumer data.
EU tariffs slow China NEV exports
“Our (NEV export) growth used to be at least 30 40% and it has slowed to only more than 10%, meaning (the tariffs) had a 20-30 percentage point impact on (NEV export growth), a conspicuous…
China EV maker BYD to build $1-bln plant in Turkey
Chinese electric vehicle manufacturer BYD Co Ltd agreed with the Turkish government to build a $1-billion production plant in Turkey with an annual capacity of 150,000 vehicles, state-run Anadolu news …
Economist Slams US Policies To ‘Contain’ China Bringing Nations ‘Close To War’
In July, Chinese President Xi Jinping, during a meeting with Hungary’s Prime Minister, Viktor Orbán, called on world powers to assist Russia and Ukraine in resuming direct dialogue and negotiations, indirectly criticizing the U.S.’s role…
EU tariffs hit growth in China’s electric car exports, industry body official says
China’s car sales fell 6.9% in June from a year earlier, dropping for a third straight month as government incentives failed to spur consumer demand in a sputtering economic recovery. Passenger …
Foreign Carmakers Fight to Survive in China as Market Share Dwindles
The country’s auto market is rapidly electrifying, with help from state subsidies, and local electric-vehicle makers have grabbed a significant share of the market.
Esprit explores options after halting initial China business bid talks
Clothing brand Esprit has ended discussions with a potential bidder for its China business due to the offer not being commercially viable and has confirmed it is looking at its other proposals.
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