After spending months overseas, Alibaba founder Jack Ma has been spotted in China, possibly indicating that Beijing is warming up to technology titans once more following an almost 18-month crackdown on the industry. According to a WeChat post from the… Read More ›
Geopolitics
Chinese Economic Recovery’s Core Is Not Strong Enough, A Party Official Claims
A senior Communist Party official warned on Saturday that China’s economic recovery’s base is not strong enough and warned of potential spillover consequences from the world’s economic issues. Han Wenxiu, deputy chairman of the party’s office for finance and economic… Read More ›
Five Takeaways From Congressional Examination Of TikTok CEO Shou Zi Chew
Shou Zi Chew, the CEO of TikTok, was grilled by a US congressional investigators for four and a half hours on Thursday. Other people can run marathons faster than that, as one legislator noted. Chew will undoubtedly feel it after a… Read More ›
Though TikTok Seeks To DistanceĀ Itself From China, Beijing Keeps Interfering
The government’s relationship with the social media behemoth, which is making a concerted effort to separate itself from Beijing authorities, is made plain by China’s declaration that it would “seriously oppose” a forced sale of TikTok. The Chinese rule on… Read More ›
“Vampiric Overconsumption” Is Depleting The World’s Water Supplies, Warns The UN
The United Nations urged states to better manage one of humanity’s shared resources on Wednesday during its first meeting on water security in nearly 50 years. According to the U.N., half of the world’s population lacks access to basic sanitation,… Read More ›
UK Claims The $61 Billion VMware Deal Of Broadcom Could Reduce Server Competition
The $61 billion merger between American chipmaker Broadcom and VMware could increase the cost of servers, according to Britain’s competition watchdog, who threatened to refer the matter to an in-depth investigation if its concerns weren’t addressed. Last year, Broadcom decided… Read More ›
Expansion Of Air India Raises Concerns About Airline Flying Rights
On Tuesday, tensions over Air India’s plans to become a global airline with hundreds of new jets erupted as foreign carriers clamoured for increased access to the fastest-growing economy in the world. Since India’s flag carrier was sold to the… Read More ›
Struggling Sri Lankan Economy Gets Bailout Of $3bn From IMF
The International Monetary Fund (IMF) has agreed to provide Sri Lanka with a $3 billion bailout as it navigates its worst economic crisis since gaining independence. The agreement, which has been in development for almost a year, is a lifeline… Read More ›
Chip Industrialist Is Accused Of Corruption By A Chinese Regulator
The latest indication of issues facing China’s semiconductor industry is the accusation of corruption leveled against chip tycoon Zhao Weiguo by the country’s anti-fraud watchdog. Zhao served as Tsinghua Unigroup’s chairman before stepping down. After the government invested billions of… Read More ›
IMF Is Optimistic That Sri Lanka’s Crisis-Hit Economy Will Recover As The Nation Receives A Bailout
Finally receiving approval from the IMF for a $3 billion rescue package for Sri Lanka, the island nation can now restructure its debt and expect economic growth in 2024. The IMF’s decision will allow for the immediate disbursement of a… Read More ›