The U.S. has made a presumption of guilt against TikTok without presenting any evidence that threatens its national security, the Chinese foreign ministry said on Monday regarding the TikTok bill. “U.S. should respect fair competition, and stop suppressing foreign companies,” Mao said, while answering a question about U.S. lawmakers pushing forward with the bill, which […]
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Alibaba founder Jack Ma has returned to China, the South China Morning Post (SCMP) reported on Monday, ending a more than year-long sojourn overseas that was viewed by industry as reflecting the sober mood of China’s private businesses. Ma, one of China’s best known entrepreneurs, left mainland China in late 2021 and has been seen […]
Saudi Aramco signed an agreement with Chinese partners on Sunday for an oil refinery and petrochemical project in northeast China that is expected to start in 2026 to meet the country’s growing demand for fuel and chemicals. The project in Liaoning province’s city of Panjin will be Aramco’s second major refining-petrochemical investment in China and […]
First Citizens Bank & Trust Co will buy all of Silicon Valley Bank’s deposits and loans from the Federal Deposit Insurance Corporation (FDIC), the regulator said in a statement. (Reuters) Inside Telecom provides you with an extensive list of content covering all aspects of the Tech industry. Keep an eye on our News section to […]
Chinese search engine giant Baidu on Monday cancelled a planned livestreamed product launch related to its ChatGPT-like “Ernie bot” that it had advertised as being open to media and the public. The webcast, scheduled for Monday afternoon, was switched to a closed-door meeting with the first batch of companies that are testing the product, Baidu […]
Oil prices stabilised in Asian trade on Monday as investors sought cues from broader financial markets, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. Brent crude futures held unchanged at $74.99 a barrel at 0357 GMT after hitting a session high of $75.64. U.S. West Texas Intermediate […]
The slump in Chinese industrial firms’ profits deepened in the first two months of 2023, weighed by lacklustre demand and stubbornly high costs as the world’s second-largest economy struggled to fully shake the long-term effects of COVID. The sharp 22.9% contraction followed a 4.0% fall in industrial profits for the whole of 2022, data from […]
Microsoft Corp has threatened to cut off access to its internet-search data, which it licenses to rival search engines, if they do not stop using it as the basis for their own artificial intelligence chat products, Bloomberg News reported on Friday. The company has told at least two customers that using its Bing search index […]
Russia has a deal to station tactical nuclear weapons on the territory of neighbouring Belarus, President Vladimir Putin said on Saturday, adding this will not violate non-proliferation agreements. What are these weapons and what is Russia’s policy on them: WHAT ARE THE CONCERNS The United States has said the world faces the gravest nuclear danger […]
U.S. House of Representatives Speaker Kevin McCarthy said on Sunday lawmakers will move forward with legislation to address national security worries about TikTok, alleging China’s government had access to the short video app’s user data. In the United States, there are growing calls to ban TikTok, owned by China-based company ByteDance, or to pass bipartisan […]