Chinese EV Giant BYD Posts Slowest Quarterly Profit Growth in 2 Years
Chinese EV Giant BYD Posts Slowest Quarterly Profit Growth in 2 Years Reuters reporting – Chinese electric vehicle (EV) manufacturer BYD reported a 18.6% increase in fourth-quarter profit, marking its slowest growth rate since Q1 2022, amidst a challenging backdrop of diminishing EV sales momentum in the world’s largest auto market. This deceleration occurs amid […]
China Files WTO Complaint Over US EV Subsidies
China Files WTO Complaint Over US EV Subsidies Bloomberg reporting – China has initiated a legal challenge against the United States at the World Trade Organization (WTO), targeting the US Inflation Reduction Act’s provisions that effectively discourage electric vehicle (EV) manufacturers from utilizing battery materials sourced from China. Labeling these rules as “discriminatory” and accusing […]
US and Japan Plan Upgrade to Security Alliance
US and Japan Plan Upgrade to Security Alliance Financial Times reporting – US President Joe Biden and Japan’s Prime Minister Fumio Kishida are on the brink of revealing a strategic plan to overhaul the US military command structure in Japan, aiming to bolster operational coordination and military exercises between the two nations. This initiative, which […]
US Officials to Brief Senators Wednesday on Threats Posed by TikTok
US Officials to Brief Senators Wednesday on Threats Posed by TikTok Reuters reporting – U.S. senators from the Commerce and Intelligence committees are set to receive a classified briefing on the national security threats posed by the Chinese-owned app TikTok, amidst discussions on how to proceed after the House voted to potentially force TikTok’s parent […]
FCC Investigating Phones That Use Signals From Foreign Satellites
FCC Investigating Phones That Use Signals From Foreign Satellites Bloomberg reporting – The Federal Communications Commission (FCC) is currently conducting an investigation to determine if mobile devices in the United States that receive and process satellite signals from constellations controlled by foreign adversaries are in violation of federal regulations. This investigation, which encompasses major device […]
Don’t Invest in China, Says Goldman Sachs
47 Chinese Companies Axe IPO Plans Amid Listing Scrutiny Reuters reporting – In the current year, there has been a noticeable uptick in the number of companies retracting their plans to go public on China’s stock exchanges, with 47 withdrawals so far, up from 29 in the same timeframe the previous year. This surge in […]
47 Chinese Companies Axe IPO Plans Amid Listing Scrutiny
47 Chinese Companies Axe IPO Plans Amid Listing Scrutiny Reuters reporting – In the current year, there has been a noticeable uptick in the number of companies retracting their plans to go public on China’s stock exchanges, with 47 withdrawals so far, up from 29 in the same timeframe the previous year. This surge in […]
Former Bank of China Chairman Indicted for Bribery in Nation’s Long-Running “Anticorruption” Drive
Former Bank of China Chairman Indicted for Bribery in Nation’s Long-Running “Anticorruption” Drive AP reporting – Liu Liange, the former chairman of the Bank of China, has been indicted on bribery charges as part of Chinese leader Xi Jinping’s extensive anti-corruption campaign. Liu is alleged to have misused his authoritative positions at both the Bank […]
EU Opens Formal Investigation Into TikTok
EU Opens Formal Investigation Into TikTok Reuters reporting – The European Union has initiated an investigation into TikTok, owned by ByteDance, to ascertain whether the social media platform has violated online content regulations designed to safeguard children and ensure advertising transparency. EU industry chief Thierry Breton announced the probe, which will examine concerns including TikTok’s […]
Japan Successfully Launches Next-Generation H3 Rocket
Japan Successfully Launches Next-Generation H3 Rocket Reuters reporting – Japan celebrated a significant milestone in its space exploration endeavors with the successful launch of its new H3 flagship rocket, rejuvenating its space program following a series of setbacks, including the failure of the rocket’s inaugural flight last year. This achievement comes shortly after the Japan […]