Asian stock markets were mixed Thursday after Wall Street hit a high and new daily U.S. coronavirus cases surged to a record. Tokyo and Seoul declined while Shanghai and Hong Kong advanced. Wall Street gained Wednesday for its 70th record high of 2021. Optimism was tempered by data showing new U.S. virus cases have risen […]
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Motorola is working on a new version of its Razr foldable smartphones, according to a Weibo post spotted by Android Authority. The post is from Chen Jin, the general manager of the Lenovo Mobile Business Group in China (Lenovo is currently in charge of Motorola’s smartphone business), and describes how the company has been quietly […]
Beijing is planning to further tighten its grip on its tech sectors as its intensified its tech policies and regulations for overseas listing for China rising tech start-ups. China’s months-long regulatory campaign on its tech titans has left companies craving the sellout of their stakes abroad in order to register with the proposed guidelines by […]
Japan’s Cabinet approved a record 5.4 trillion yen ($47 billion) defense budget for fiscal 2022 on Friday that includes funding for research and development of a new fighter jet and other “game-changing” weapons as Japan bolsters its defense capabilities in response to China’s growing military might and its tensions with Taiwan. The 1.1% budget increase […]
In its latest attempt to skip a shareholder proposal, the U.S. Securities and Exchange Commission (SEC) refused Apple’s request by asking the giant to deliver the utmost transparency in its attempts to maintain that forced labor is not a part of its supply chain. Earlier this year, a group of shareholders asked to be kept […]
A week after removing its listing from Hong Kong Stock Exchange, Chinese Artificial Intelligence (AI) startup, SenseTime Group, relaunched its $767 million initial public offering (IPO) on Monday. The company pulled out its offering amidst escalating geopolitical tension between China and the U.S. after Washington accused the firm of creating facial recognition tools to identify […]
E-commerce giant Alibaba eased its financial backers during its annual Investors’ Day on Friday as the company maintained its rise and is seeking to explore operational environmental sustainability goals by 2030. Over the past year, the Chinese titan has been fighting off a bundle of challenges directed at it, be it regulatory or in-house challenges, […]
The Biden administration released an ambitious federal strategy Monday to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the goal of transforming the U.S. auto industry. “The future of transportation in our nation and around the world is electric,” Vice President Kamala Harris said […]
Shares fell in Asia on Friday after technology companies led Wall Street benchmarks lower as investors weighed the implications of higher interest rates, surging coronavirus cases and tensions between Beijing and Washington. Tokyo, Hong Kong, Shanghai declined, but shares rose in Sydney. U.S. shares dropped a day after the Federal Reserve said it’s preparing to […]
Security researchers said Thursday they found two kinds of commercial spyware on the phone of a leading exiled Egyptian dissident, providing new evidence of the depth and diversity of the abusive hacker-for-hire industry. One piece of malware recently found on an iPhone belonging to Ayman Nour, a dissident and 2005 Egyptian presidential candidate who subsequently […]