Tag: business and industry sectors
about 2 months ago
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Mitsubishi Motors is ending production in China

Mitsubishi Motors will stop producing vehicles in China, in the latest sign of retreat by foreign automakers in the w...

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about 2 months ago
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WPP fires executive detained in China on suspicion of bribery

Advertising giant WPP says it has fired an executive detained in China on suspicion of bribery.

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about 2 months ago
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AirAsia chief Tony Fernandes criticized after posting shirtless massage photo on LinkedIn

AirAsia boss Tony Fernandes has created a firestorm on social media after sharing a photo of himself receiving a mass...

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about 2 months ago
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US escalates tech battle by cutting China off from AI chips

The Biden administration is reducing the types of semiconductors that American companies will be able to sell to Chin...

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about 2 months ago
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Baidu says its AI is in the same league as GPT-4

Chinese tech giant Baidu is officially taking on GPT-4.

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about 2 months ago
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UK removes final hurdle to Microsoft’s blockbuster Activision Blizzard deal

UK antitrust officials have approved Microsoft’s planned takeover of Activision Blizzard, the maker of “Call of Duty”...

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about 2 months ago
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India arrests Chinese smartphone executive in fraud probe

An executive at Vivo, one of China’s top smartphone makers, has been arrested in India in connection with a money lau...

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about 2 months ago
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Samsung flags 78% profit drop as chip demand remains weak

Samsung warned that operating profit in the third quarter likely plunged 78% as it continues to contend with lower th...

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2 months ago
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Oil rises, US stock futures drop on turmoil in the Middle East

Oil prices surged and US stock futures fell on Sunday night in their first reaction to Israel’s war with Hamas.

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2 months ago
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North Korea amends constitution to bolster nuclear power status, calls US and allies ‘worst threat’

North Korea has amended its constitution to bolster and expand its nuclear force, with leader Kim Jong Un pointing to...

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3 months ago
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‘Where is the phone?’ Huawei keeps quiet about Mate 60 Pro but takes aim at Tesla

Huawei has disappointed legions of fans — and US officials — eager to know more about its Mate 60 Pro smartphone, whi...

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3 months ago
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Huawei wants to go all in on AI for the next decade

Huawei has joined the list of companies that want to be all about artificial intelligence.

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3 months ago
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US says it has no evidence that Huawei can make advanced smartphones ‘at scale’

Commerce Secretary Gina Raimondo says the US government has no evidence that Huawei can produce smartphones with adva...

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3 months ago
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First Evergrande, now Sunac. Another big Chinese developer files for US bankruptcy protection

One of China’s leading property developers, Sunac, has filed for bankruptcy protection in the United States, shortly ...

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3 months ago
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Starbucks bets on China with $220 million roasting and distribution center

Starbucks says it has poured more than $200 million into a new campus in China, in a sign of how the Chinese consumer...

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3 months ago
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How booming Vietnam offers the US an alternative to China

President Joe Biden is in Vietnam for a visit intended to deepen economic ties between Washington and Hanoi as part o...

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3 months ago
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Lionel Messi free kick leads Argentina to victory over Ecuador in opening World Cup qualifier

Argentina got its 2026 World Cup qualifying campaign off to a winning start thanks to yet another sublime Lionel Mess...

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3 months ago
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China’s biggest homebuilder just dodged default. It faces a rocky road ahead

Chinese property giant Country Garden has twice narrowly avoided defaulting on its debt in a matter of days. But it’s...

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3 months ago
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Mercedes unveils new electric vehicles with better range than any Tesla model

Mercedes-Benz wowed critics over the weekend with new “close-to-production” concept vehicles that outdo Tesla cars by...

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3 months ago
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Moutai coffee, anyone? Luckin is adding the fiery liquor to its lattes

Luckin Coffee has joined forces with Kweichow Moutai, the maker of China’s fiery national liquor baijiu, for an unusu...

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3 months ago
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Baidu and SenseTime launch ChatGPT-style AI bots to the public

Chinese tech firms Baidu and SenseTime launched their ChatGPT-style AI bots to the public on Thursday, marking a new ...

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3 months ago
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Toyota suspends production at its Japanese plants after supply chain glitch

Toyota is suspending operations at all of its Japanese assembly plants as it grapples with a technical glitch that ha...

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3 months ago
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Chevron’s LNG plants in Australia face strike action

Hundreds of workers are slated to strike at two major liquefied natural gas (LNG) facilities in Australia belonging t...

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4 months ago
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‘We can do it too’: Meet Blackswan, the K-pop group with no Korean members

Cheers ring out as the four women take to the stage and launch into a synchronized dance routine in front of giant sp...

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4 months ago
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India gripped as teen chess prodigy prepares to take on Magnus Carlsen for world title

Millions in India will be cheering on the teen chess prodigy known as Pragg as he takes on Norwegian grandmaster Magn...

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4 months ago
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China disappoints investors with ‘underwhelming’ decision on key interest rate

China has surprised investors by deciding not to cut an important interest rate that influences mortgages, in a move ...

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4 months ago
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H&M will ‘phase out’ operations in Myanmar after more worker abuse allegations

H&M has decided to stop operating in Myanmar following an increase in allegations of labor abuses at garment factorie...

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4 months ago
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Intel calls off $5.4 billion chip deal after failing to get regulatory approval

Intel has pulled out of a major acquisition of an Israeli chipmaker after failing to obtain the required regulatory a...

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4 months ago
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Meta criticized for making reproductive health an R-rated issue

Female reproductive health experts are calling on Meta, the parent company of Facebook and Instagram, to rethink its ...

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4 months ago
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Tesla stock falls after cutting prices in China again

Tesla is back to cutting prices in China, and investors don’t seem happy about it.

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4 months ago
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Chinese property giant Country Garden flags loss of up to $7.6 billion as it nears default

One of China’s biggest property developers says it has burned through up to $7.6 billion in the first half of the yea...

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4 months ago
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US investment curbs deal ‘major blow’ to Chinese startups

New constraints on US investments in advanced technology in China will exacerbate a slump in deals between the world’...

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5 months ago
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BBC apologizes for reporter’s ‘inappropriate’ question to Morocco women’s team captain

The BBC has apologized for an “inappropriate” question one of its reporters asked the captain of the Morocco women’s ...

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5 months ago
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Indian tech giant Wipro will invest $1 billion in AI, including training all staff

Wipro, one of India’s top providers of software services, wants everyone on staff to know how to use artificial intel...

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5 months ago
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‘Too much’: Burger King’s new offering in Thailand has no meat and 20 slices of cheese

Burger King is causing a stir in Thailand with its new offering: a burger with no meat and a jaw-dropping amount of c...

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5 months ago
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Foxconn pulls out of $19 billion chipmaking project in India

Foxconn says it is exiting an ambitious project to help build one of India’s first chip factories.

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5 months ago
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North Korea calls on international community to stop Japan’s release of treated Fukushima wastewater

North Korea has called upon the international community to stop Japan from releasing treated wastewater from the Fuku...

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5 months ago
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‘Serious concerns’: Top companies raise alarm over Europe’s proposed AI law

Dozens of Europe’s top business leaders have pushed back on the European Union’s proposed legislation on artificial i...

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5 months ago
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Anglo-French deal could create Europe’s biggest lithium producer

A French minerals company is buying a British startup in a tie-up that could produce enough lithium carbonate to powe...

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