Huawei Technologies Co Ltd has replaced more than 13,000 parts in its products that were hit by U.S. trade sanctions, the Chinese tech giant’s founder said, according to a speech transcript posted on Friday by a Chinese university. According to the transcript of the February speech posted by Shanghai Jiao Tong University, Ren Zhengfei said […]
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Germany and Japan agreed to cooperate closely on economic security on Saturday during their first ever high-ministerial government consultations, held amid tensions over global supply chains and economic disruptions caused by the war in Ukraine. German Chancellor Olaf Scholz, accompanied to Japan by six ministers, is looking at ways to reduce German dependence on Chinese […]
Volkswagen plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers, the carmaker’s board member in charge of technology said. Its strategy aligns with a wider trend of carmakers seeking greater control over parts of the supply chain traditionally left to […]
Business leaders from Japan and South Korea pledged on Friday to work more closely on chips and technology, seeking to put behind years of acrimony over wartime history that have stoked South Korean public anger. South Korean President Yoon Suk Yeol met executives from both countries in Tokyo as he makes the first visit there […]
Chinese search engine giant Baidu said on Friday it had won a permit to provide a fully driverless ride-hailing service in the Chinese capital of Beijing. With the permit, Baidu’s Apollo service will deploy 10 fully autonomous vehicles in a technology park developed by the government of Beijing, it said in a statement. The permit […]
Hong Kong-listed shares in China’s Baidu rebounded 15.7% on Friday as users told of their experiences with the Ernie bot, recouping losses from a day earlier prompted by the chatbot’s launch, which failed to impress. On Thursday, viewers of the Chinese search engine giant’s presentation panned the company’s lack of a live demonstration and a […]
Tata Consultancy Services (TCS) CEO Rajesh Gopinathan is resigning in an unexpected move to pursue other interests, adding to worries for India’s largest IT services provider amid slowing tech spending and challenges in its key markets. The company named its president and head of global financial services business K Krithivasan as the CEO-designate, effective March […]
General Motors CEO Mary Barra met with two key senators on Thursday as the Detroit automaker pushes for legislation to speed deployment of self-driving vehicles on U.S. roads. Barra met with Senate Commerce Committee Chair Maria Cantwell and Senator Gary Peters, a fellow Democrat and a Commerce Committee member, the company confirmed. Congress has been […]
A strong rebound by financials helped Wall Street’s main indexes close firmly positive on Thursday, after some of the country’s largest lenders came to the rescue of embattled First Republic Bank. The technology sector also contributed to the gains, helping to boost the Nasdaq Composite to its strongest performance since Feb. 2, 2022. The latest […]
A federal judge in Manhattan on Thursday said Grubhub, Uber Eats and Postmates cannot force diners who have used their platforms into binding arbitration over claims they conspired to drive up prices for restaurant meals during the COVID-19 pandemic. The lawsuit accused the meal delivery companies of entering illegal agreements that prevented restaurants using their […]