SHANGHAI: Chinese shoppers on Friday (Aug 14) expressed dismay at news that traces of the coronavirus had been found on imported frozen food, with some saying they would avoid the products. Two cities in China on Thursday found the virus in frozen chicken wings imported from Brazil and shrimp from […]
Business
The Bureau of Indian Standards (BIS) has in recent weeks delayed approvals for mobile phone components and televisions of Chinese companies Chinese firms like Xiaomi are facing delays getting approvals from India’s quality control agency for their goods, five industry sources told Reuters, as the business environment deteriorates after a […]
BEIJING: Chinese telecom giant Huawei said production of its most advanced smartphone chips would stop in September due to US sanctions, causing a “huge loss”. Huawei – the world’s biggest producer of telecoms networking equipment – has become a pivotal issue in the geopolitical standoff between Beijing and Washington, which […]
Two people familiar with the matter said Trump would extend the supplemental unemployment insurance at a $400-per-week level, a reduction from the $600 in the last stimulus bill. President Donald Trump said that if he can’t reach agreement with Democrats over stimulus legislation, he’s prepared to sign executive actions to […]
At an election rally in Ohio, Donald Trump announced that Washington will impose a 10% tariff on Canadian aluminum. Canadian Prime Minister Justin Trudeau has asserted his government will implement “dollar-for-dollar” retaliatory measures after US president Donald Trump announced new tariffs on imports of Canadian aluminum. Canada and the United […]
REUTERS: TikTok is preparing advertisers for a possible ban of its app in the United States, ad buyers said, offering refunds for ad campaigns that are unable to run. The short-form video app’s advertising business is still nascent. TikTok’s anticipated US$1 billion (766 million pounds) in 2020 revenue is a […]
NEW YORK: Wall Street stocks finished mixed on Friday (Aug 7), with the Nasdaq retreating from a record following solid US jobs data as Washington talks on a new spending package remained stalemated. The US added 1.8 million jobs last month, fewer than in May and June, but better than […]
U.S. employment growth slowed considerably in July amid a resurgence in new COVID-19 infections, offering the clearest evidence yet that the economy’s recovery from the recession caused by the pandemic was faltering. WASHINGTON: U.S. employment growth slowed considerably in July amid a resurgence in new COVID-19 infections, offering the clearest […]
US President Donald Trump has announced sweeping restrictions against Chinese-owned WeChat and TikTok, signing executive orders giving Americans 45 days to stop doing business with the platforms. Beijing, China: A US ban on the WeChat messaging platform could cut lines of communication between friends in China and America and force […]
BEIJING: Beijing accused the United States of “suppression” after President Donald Trump ordered sweeping restrictions against Chinese social media giants TikTok and WeChat. Chinese foreign ministry spokesperson Wang Wenbin told a regular press briefing on Friday (Aug 7) that the US move came at the expense of American users and […]