On Tuesday, a spokesman for Sri Lanka’s cabinet said, Sri Lanka has started negotiations with China on refinancing its debt as it struggles to manage its worst financial crisis in decades. “Now since the IMF is willing engage with Sri… Read More ›
China
Chinese self driving robotaxi startup gains taxi license permit in Nansha, Guangzhou
In a statement self-driving tech startup Pony.ai said, it has obtained a taxi license in China which will allow it to monetize some of its driverless vehicles in the country since it will be allowed to charge fares on them…. Read More ›
Global supply chains reeling from economic impact of China’s zero COVID-19 policy
In a statement He Xiaopeng, the CEO of Chinese electric-car maker Xpeng said, automakers in China may have to suspend production in May if suppliers from Shanghai and surrounding areas do not resume work. China’s zero tolerance policy towards COVID-19 have… Read More ›
Apple starts iPhone 13 production in India
In a statement Apple Inc said, it has started making the iPhone 13 in India. The development sees the US tech giant reducing its reliance on its Chinese supply chain. According to a source, the iPhone 13 is being produced… Read More ›
Taiwan’s Evergreen Marine Corp helping Chinese navy build up: US think tank
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 ›
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 ›
Foreign Minister Wang Yi calls for end to Russia-Ukraine conflict
Chinese Foreign Minister Wang Yi held a telephonic conversation with his Ukrainian counterpart, Dmytro Kuleba, with Beijing yet again calling to an end to the Russia-Ukraine conflict. The call, made at Ukraine’s request, was the first reported high-level conversation between… Read More ›
Euro weighed down by potential sanctions on Russia, ban on cheap LNG
Talks of European banning Russian gas placed a lid on the rise of the Euro even as the US dollar firmed up with expectations of a rise in U.S. interest rates. The euro has been weighed down by worries of… Read More ›
Soaring imports deepen EU-China trade deficit
Soaring imports from China by the European Union is increasing trade deficit by more than a third compared to last year, said the EU statistics office. Imports from China to the EU have jumped by more than a fifth in… Read More ›
Chinese fast fashion e-commerce startup Shein aiming for $100 billion valuation in funding round
On Sunday, a report from Bloomberg states, China’s fast fashion e-commerce startup Shein is aiming for a valuation of around $100 billion, in its latest funding round. The Chinese online retailer is negotiating with potential investors to raise around $1… Read More ›
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