Tag Archives: China

Why are foreign tech firms pulling out of China?

Yahoo Inc. is leaving the China market, suspending its services there as of Monday amid what it says is an “increasingly challenging” business and legal environment. Foreign technology firms have been pulling out or downsizing their operations in mainland China … Continue reading

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American spy agencies say origins of COVID-19 may never be known

U.S. intelligence agencies said on Friday they may never be able to identify the origins of COVID-19, as they released a new, more detailed version of their review of whether the coronavirus came from animal-to-human transmission or leaked from a … Continue reading

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Starbucks profits up despite China hit due to Covid-19

Starbucks reported a jump in quarterly earnings Thursday following higher sales in the United States and some overseas markets, but China sales were hit by the latest Covid-19 wave. “It’s just the variability of dealing with the pandemic when things … Continue reading

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Why China is the world’s last ‘zero Covid’ holdout

The trip began in Shanghai, where the couple, both former professors, joined a tour group of other retirees. They traveled through Gansu province and Inner Mongolia, staying at a bed-and-breakfast and eating three times at the same lamb chop restaurant. … Continue reading

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G20 make commitments on climate neutrality, coal financing

Leaders of the world’s biggest economies made a compromise commitment on Sunday to reach carbon neutrality “by or around mid-century” as they wrapped up a two-day summit that was laying the groundwork for the UN climate conference in Glasgow, Scotland. … Continue reading

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Resource rich Africa key pillar of China’s “South-South Cooperation”

Africa has been China’s ally since the Bandung Conference in 1955. But today with 1.3 billion inhabitants as of 2021, the African continent has become a part of China’s economical and political global strategy. Though economic development constitutes the main … Continue reading

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Samsung warns supply chain upsets may hit chip demand, profit at 3-year high

Samsung Electronics Co Ltd said on Thursday it expects component shortages to affect chip demand from some customers in the final three months of the year, after reporting its highest quarterly profit in three years. The warning comes as producers … Continue reading

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Innoven Capital executives quit firm to start up on their own

BENGALURU: Ajay Hattangdi and Vinod Murali, two executives who set up India’s largest venture debt provider Innoven Capital along with Singapore’s sovereign wealth fund Temasek, have put in their papers, according to four sources briefed on the matter. The duo … Continue reading

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Taiwan export orders surge to record despite China energy woes

Global demand for products made by Taiwanese companies defied regional headwinds and predictions of a slowdown as export orders accelerated to a record last month. Export orders grew 25.7% in September to an all-time high of $62.9 billion, Taiwan’s economics … Continue reading

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Indian stainless steelmakers voice concern over jump in imports from China and Indonesia

Indian stainless steelmakers, reeling under pressure from dumping, have sought the imposition of countervailing duties on stainless steel imports from Indonesia and China. Import of stainless steel in the first four months of FY22 was about 177% higher than the … Continue reading

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