As per a US think tank, contracts between China’s top state-owned shipbuilding firm and Taiwan’s leading shipping company are lowering the costs of upgrading the Chinese navy, which poses a national security threat for Taiwan. China State Shipbuilding Corp (CSSC)… Read More ›
Month: April 2022
Taiwanese spy catchers hunting Chinese chip designer poachers
Spy catchers in Taiwan have launched multiple probes into around 100 Chinese companies suspected of illegally poaching semiconductor engineers and other tech talent, said a senior official from Taiwan’s Investigation Bureau. Home to tech giant including TSMC, Taiwan accounts for 92%… Read More ›
Lockdowns In China: Tourism Spending Plummets During A Key Holiday Season
As the world’s second largest economy battles an outbreak of diseases, tourism spending in China plummeted over this week’s Qingming festival. Official numbers reveal that tourists spent more than 30% less during the major three-day holiday than they did at… Read More ›
Amazon Ensures Rockets For A High-Speed Internet Project
As part of Amazon’s Project Kuiper, three new heavy-lift rockets will launch thousands of satellites into low earth orbit over the next five years. Using a network of 3,236 satellites, the project seeks to deliver broadband connections. Starlink, a competitor,… Read More ›
VW focusing on producing profitable premium cars, change production strategy
In a statement Volkswagen’s Chief Financial Officer Arno Antlitz said, it stop producing a number of combustion engine models by the end of this decade, and sell fewer cars overall as it increases its focus on producing more profitable premium… Read More ›
US corn and wheat yields expected to be low, midst sky rocketing demand for fertilizer
Russia’s invasion of Ukraine has significantly increased the price of commercial fertilizers. Nearly two decades ago, Abe Sandquist had to really wrack his brain on how he could sell cow dung. He had to work really hard to convince farmers… Read More ›
China aware of economic consequences if it invades Taiwan
In a statement U.S. Deputy Secretary of State Wendy Sherman said, sanctions imposed on Russia should give China a “good understanding” of the consequences should it provide material support to Moscow. The “range of sanctions” and export controls on Russia… Read More ›
Sanctions need to safeguard EU’s economic interest
With Western countries rolling out new sanctions against Russia midst the roll out of horrifying images of war crimes in the Ukrainian city of Bucha, it has become clear that their easiest sanction options have now been exhausted; there are… Read More ›
Uber Is Attempting To Create A “Superapp” For Travel By Incorporating Aircraft, Trains, And Rental Cars
Uber is moving forward with its aim to become a “superapp” for travel. The San Francisco-based company announced on Wednesday that it will expand its U.K. app this year to include trains, buses, airlines, and auto rentals. The move is… Read More ›
A New Covid Variant Has Been Discovered In The UK
In the United Kingdom, a novel omicron sub-variant has been discovered as the country continues to see an increase in Covid-19 hospitalizations. According to the latest numbers from the UK Health Security Agency, the XE variation has been found in… Read More ›