The U.S. House of Representatives is set to consider a bill next week that aims to ban import of products from China’s Xinjiang region over concerns of forced labor. “Next week is an important week for human rights,” said Representative… Read More ›
Month: December 2021
Didi Global to delist from NYSE, aims to pursue listing at Hong Kong
On Friday, ride-hailing giant Didi Global said, it will delist from the New York Stock Exchange and pursue a listing on the Hong Kong Stock Exchange following increased pressure from Chinese regulators. Earlier this year in July Didi had pushed ahead… Read More ›
Honduras signals U-turn, keeps China at bay, continues diplomatic relations with US, Taiwan
In a significant development, Honduran president Xiomara Castro said, the incoming government does not plan on establishing diplomatic ties with China as it prioritizes U.S. relations, signaling a reversal of her pre-election stance. Castro appears to have won the country’s… Read More ›
Jewellery Maker Pandora, World’s Largest Jewellery Maker, Will Not Join Online Platforms Like Amazon
Jewellery maker Pandora’s CEO indicated on Wednesday that the company would rather invest in physical locations or its own online sales platform than join huge e-commerce platforms like Amazon or Farfetch. Jewellery maker Pandora would prefer to invest in physical… Read More ›
Squares changes name to Block Inc
Payments company Square Inc, led by former Twitter CEO Jack Dorsey has changed its name to Block Inc, underscoring that it looks to expand beyond its payment business into new technologies including blockchain. While the name “Square” had become synonymous… Read More ›
US EU to issue robust statement on China
The United States and the European Union are scheduled to issue a “robust” joint statement after emerging from a meeting on Thursday on their approach to China underscoring a convergence on the challenges posed by Beijing, said a senior U.S…. Read More ›
WTA stands up to China, suspends tournament in Beijing over Peng Shuai concerns
In a significant development, the Women’s Tennis Association (WTA) announced the immediate suspension of all tournaments in China following concerns on the well-being of former doubles world number one Peng Shuai and the safety of other players. The decision by… Read More ›
A ‘Risk Of Bankruptcy’ Threatens Due To Starship Engine Crisis, Elon Musk Tells SpaceX Employees
Elon Musk is frustrated with SpaceX’s slow progress in creating the Raptor engines that will propel its Starship rocket. In a companywide email sent the day after Thanksgiving, he portrayed a terrible scenario, a copy of which was obtained by… Read More ›
New Semiconductor Chips Launched By Amazon’s Cloud Unit To Rivals Those Of Intel And Nvidia
Amazon.com Inc’s cloud computing business unveiled two new bespoke processing processors on Tuesday, aiming to help customers save money they expend on usage of the relatively costly chips from Intel Corp and Nvidia Corp. Amazon Web Services (AWS) is the world’s… Read More ›
Exxon Mobil’s investors to quiz company on low carbon ventures today
On Wednesday, Exxon Mobil is set to brief Wall Street on its spending plans, after investors wanting to know how it will balance oil and low-carbon initiatives without compromising on their returns. Exxon Mobil, the largest U.S. oil producer, has slashed… Read More ›
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