JPMorgan, Citigroup and Wells Fargo have all beaten Wall Street forecasts but State Street tumbled more than 9% overnight after fee income fell. Japan equities, though, were on track for an eighth …
TECHNOLOGY
UK cyber security chief to warn of China’s rise as a technology superpower
Lindy Cameron speech expected to present the security threat posed by Beijing as an epoch-defining challenge to the west …
China EV Stocks Gain As Key Auto Show Opens; XPeng Leaps 13% On New Platform
Gains among U.S.-traded makers were led by XPeng Motors, after the Guangzhou-based company unveiled a new production platform that it said would lower manufacturing costs. XPeng, led by billionaire He …
China is a developing country despite US move
The US House of Representatives recently passed the “PRC Is Not a Developing Country Act” with a 415-0 vote. If passed by the Senate, too, and signed by US President Joe Biden, the act will…
Cyber chief to warn of ‘epoch-defining’ China challenge
Cyber chief to warn of ‘epoch-defining’ China challenge – Director Lindy Cameron, who heads up the GCHQ arm, will use a speech this week to warn that the UK and allies of the ‘dramatic rise…
Tesla Makes a Lot of Noise in China (But for the Wrong Reasons)
Giga Shanghai has a production capacity of more than 750,000 vehicles per year, according to the company. China is an important market for Tesla. It is its second largest market in terms of sales.
DOJ accuses China of spying on, harassing dissidents in U.S.
The Chinese government has harassed and spied on Chinese dissidents and activists in the U.S., the Department of Justice alleged in a press briefing Monday. Why it matters: The news comes as tensions …
China smartphone sales rise to more than 70% of Russian market
“Demand for brands from China in quantity terms increased by 42% relative to last year, and their total share was over 70%,” M.Video added in a statement on Monday. Russia is trying to wean itself…
China ‘greatest threat’ to Dutch economic security, Dutch intelligence says
China is the greatest threat to Dutch economic security, the Netherlands’ intelligence service said on Monday in an annual assessment of threats it said included commercial espionage and covert …
Discord leak suggests China doesn’t need TikTok to find U.S. secrets
The leak of classified documents via U.S.-based app Discord is a reminder that social media is hard to control.
China Mobile beats Moutai to become most valuable stock
China Mobile became the most valuable stock among the A-share listed companies on Monday morning beating Kweichow Moutai, as investors bet the mobile network operator will tap new revenue sources amid …
Biden’s electric-car mandates slam the working class and boost China
China, anti-working class move, the Biden administration aims for force two-thirds of new cars to be all-electric by 2032.
China’s acquisition of foreign technology companies aimed at military modernization: Report
Beijing’s strategy to support military gains through corporate takeovers remains a key part of its modernization program. For Beijing, the acquisition of foreign strategic technology companies and …
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