NEW YORK: ByteDance abandoned the sale of TikTok in the United States on Sunday (Sep 13) in pursuit of a partnership with Oracle that it hopes will spare it a US ban while appeasing China’s government, people familiar with the matter told Reuters. The Beijing-based company had been in talks to divest […]
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Samsung Electronics’ display unit and LG Display Co Ltd are expected to stop supplying panels for premium smartphones to Huawei Technologies due to U.S. restrictions, South Korean online media Chosun Biz reported on Wednesday. SEOUL: Samsung Electronics’ display unit and LG Display Co Ltd are expected to stop supplying panels […]
Reliance Industries Ltd’s telecom unit is looking to outsource the manufacturing of over 100 million low-cost smartphones that will be built on Google’s Android platform, India’s Business Standard newspaper reported, citing sources. BENGALURU: Reliance Industries Ltd’s telecom unit is looking to outsource the manufacturing of over 100 million low-cost smartphones […]
SHANGHAI: US companies in China are increasingly fretful that trade tensions between the world’s two biggest economies will drag out over years and nearly a third said their ability to retain staff had been affected, a survey showed. Half of the firms said they believe soured ties will last at […]
NEW YORK: Pharmaceutical company AstraZeneca on Tuesday (Sep 8) said it has paused global trials, including large late-stage trials, of its experimental coronavirus vaccine because of an unexplained illness in a study participant. The vaccine, developed with the University of Oxford, has been widely seen as one of the leading […]
WELLINGTON: Jacinda Ardern’s ruling Labour Party said it would raise taxes for top income earners if it is returned to power in the polls next month, as the government looks to pay off debt accumulated due to its COVID-19 pandemic response. Ardern’s Labour Party, comfortably ahead in the election contest […]
NEW YORK: Tesla shed about US$80 billion of its market value on Tuesday (Sep 8), an amount that overshadows the combined value of General Motors and Ford Motor, after its surprise exclusion from the S&P 500 index. Tesla’s shares recorded their worst single-day percentage drop ever and added to the […]
NEW YORK: Beyond Meat is looking to take a bite out of the massive Chinese market, announcing plans on Tuesday (Sep 8) to produce its plant-based beef, pork and chicken in the Asian nation. The US substitute meat startup said it plans to open two facilities near Shanghai, after reaching […]
NEW YORK: Apple Inc on Tuesday (Sep 8) scheduled a special event for Sep 15, with fans and investors expecting a refresh in the lineup of some of the company’s core products. While Apple uses its September events to showcase its most important products, new versions of iPhone handsets might […]
Trump, who long touted friendly ties with Chinese President Xi Jinping as he sought to make good on promises to rebalance a massive trade deficit, has made getting tough on China a key part of his campaign for re-election on November 3. With the US election approaching, President Donald Trump […]