State conglomerate China Resources is in early-stage talks with Sihuan Pharmaceutical’s chairman about jointly taking the Hong Kong-listed company private in a deal valuing it at nearly $3 billion, two people with knowledge of the matter said. Sihuan is attractive to China Resources (Holdings) Co Ltd, they said, due to sharp growth for its medical […]
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Chinese smartphone giant Xiaomi Corp faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices. Xiaomi denies wrongdoing. But it recently hit the headlines with accusations that its executives faced intimidation from Indian enforcement officials, drawing public rebuttals from the agency and words of support from China. […]
Is this it? Are we seeing the downfall of NFTs? Is the craze over? Can teenagers go back to working part-time instead of netting fortunes flipping Devious Ducks and Greedy Gorillas? Can the world return to normal, please? Well, the answer is a little bit more nuanced than a simple yes or no, but mostly, […]
Apple supplier Foxconn warned that current-quarter revenue for its electronics business including smartphones could slip as growth slowed amid rising inflation, cooling demand and escalating supply chain issues partly due to lockdowns in China. The Taiwanese firm, the world’s largest contract electronics maker, has grappled with a severe shortage of chips like other global manufacturers, […]
If you are reading this, you may have had a particularly nasty argument on a Twitter feed, tested automation tools, or been a particularly annoying troll on Twitter. If you are noticing less activity on your page, fewer likes on your Tweets than usual, or if you’re sensing something strange happening to your account in […]
67 percent of teachers are under unprecedented pressure — how can tech help? The pandemic has made educator’s jobs even more challenging — according to the Times Educational Supplement Staff Wellbeing Survey, 67 percent of teachers had an unmanageable workload in 2021, compared to just 22 percent in 2020. To prevent work from spilling over […]
The U.S. stock market is off to brutal start in 2022. The S&P 500, which is widely considered to be the main benchmark for U.S. stock market performance, declined 13.3 percent through April, the steepest four-month drop to start any year since 1939. The index continues to fall in May and was down 16 percent […]
Tesla Inc is open to buying a mining company if producing its own supply of electric vehicle (EV) metals would speed up worldwide adoption of clean energy technologies, Chief Executive Officer Elon Musk said on Tuesday. Concern is mounting across the EV industry that there may not be enough supply of lithium, nickel, copper and […]
Britain risks missing out on capturing a larger share of the electric vehicle (EV) battery supply chain unless the government does more to help startups gain access to private financing, according to a study released on Tuesday. Only the private sector can provide enough finance to fuel the transition to zero-emission transport – with battery […]
Blue tungsten winking from the walls of abandoned mine shafts, in a town that’s seen better days, could be a catalyst for South Korea’s bid to break China’s dominance of critical minerals and stake its claim to the raw materials of the future. The mine in Sangdong, 180 km southeast of Seoul, is being brought […]