European shares rose in the first trading session of 2023 on Monday as euro zone manufacturing data suggested the worst had passed after a year marred by fears of a recession as central banks hiked rates globally. The pan-regional STOXX 600 rose 1.0%, supported by consumer discretionary stocks. The automobile and parts sector gained 3.2% […]
Search results for "China"
Shares of Tesla Inc snapped a seven-session losing streak on Wednesday, in their rare rise this month on the way to what will be the electric-vehicle maker’s worst year on record. The stock gained 3.3 percent on the day. It is set to round off 2022 with a 68 percent drop – the most among […]
A $1.7 trillion government funding bill approved by the U.S. Senate Thursday will bolster U.S. regulators and make it easier for states to bring antitrust lawsuits. The Federal Trade Commission (FTC), which has a number of major technology investigations underway, will get $430 million in funding, $53.5 million over last year’s levels “to bolster antitrust, […]
Popular short-video app TikTok is offering to operate more of its business at arm’s length and subject it to outside scrutiny as it tries to convince the U.S. government to allow it to remain under the ownership of Chinese technology company ByteDance, according to people familiar with the matter. TikTok has been seeking to assure […]
Aluminium makers are set to boost low-carbon metal output by 10 percent in 2023 and churn out even more in the years ahead, driving down the cost for carmakers seeking climate-friendly supplies and shrinking the industry’s hefty carbon footprint. Aluminium is the most energy-intensive metal to produce, accounting for about 1.1 billion tonnes of global […]
The World Bank’s private investment arm sees huge potential to boost investment in Africa and help support entrepreneurship and digital transformation on the continent, top officials with the International Finance Corp (IFC) said. U.S. President Joe Biden this week hosted a three-day summit attended by 45 African national leaders that was aimed at bolstering trade […]
The U.S. accounting watchdog on Thursday said it has full access to inspect and investigate firms in China for the first time ever, removing the risk that around 200 Chinese companies could be kicked off U.S. stock exchanges. The statement from the Public Company Accounting Oversight Board (PCAOB) marks a victory for U.S. regulators and […]
The Biden administration plans to remove some Chinese entities from a red flag trade list, a U.S. official told Reuters on Wednesday amid closer cooperation with Beijing. The plan to remove them soon from the so-called “unverified” list is thanks to greater willingness from the Chinese government to permit U.S. site visits, the person said. […]
California-based artificial intelligence exploration firm KoBold Metals is investing $150 million to develop a copper mine in Zambia, the company announced at the U.S.-Africa Leaders Summit in Washington, D.C., a win for Zambia’s president who has set an ambitious copper production target. The Mingomba project will be a joint venture with Australian private equity firm […]
IBM Corp and Rapidus, a newly formed chip maker backed by the Japanese government, on Tuesday announced a partnership that aims to manufacture the world’s most advanced chips in Japan by the second half of the decade. The agreement comes as U.S.-China relations remain tense, especially over chips. Washington has restricted Beijing’s access advanced semiconductor […]