1. Lithium Price Slide Deepens as China Battery Giant Bets on Cheaper Inputs By now, it is out in the open that the COVID-19 pandemic played a remarkable role in hastening the global reliance on lithium for EV batteries as the world pushes to reduce carbon emissions as it marches on a path towards an […]
China
The Biden administration on Thursday added 37 companies to a trade blacklist, including units of Chinese genetics company BGI and Chinese cloud computing firm Inspur, in a move that promises to further ratchet up tensions with Beijing. The Commerce Department, which oversees export controls, added BGI Research and BGI Tech Solutions (Hongkong), over allegations that […]
Tencent Holdings founder Pony Ma and others from China’s crackdown-hit internet sector will be absent from this year’s parliamentary sessions, as Beijing boosts representation from the tech hardware sector, delegate lists show. Nearly 3,000 members of the National People’s Congress (NPC) will gather in Beijing on Sunday for its first meeting since Xi Jinping secured […]
European shares rose on Friday, as hopes that the U.S. Federal Reserve could adopt a measured approach for rate hikes ahead lifted technology stocks, while miners jumped on growing bets of demand recovery in China. The continent-wide STOXX 600 rose 0.7% in early trading, with rate-sensitive tech stocks up 1.4%. Overnight, Atlanta Fed President Raphael […]
China has a “stunning lead” in 37 out of 44 critical and emerging technologies as Western democracies lose a global competition for research output, a security think tank said on Thursday after tracking defence, space, energy and biotechnology. The Australian Strategic Policy Institute (ASPI) said its study showed that, in some fields, all of the […]
Alibaba Group Holding’s chip unit T-Head and Alipay, the payment service under Alibaba’s financial affiliate Ant Group, will release computing chips for secure payments based on the RISC-V instruction set architecture, the two entities said. The development comes as Chinese companies continue to invest heavily in chips, in the wake of U.S. export restrictions targeting […]
A new U.S. congressional select committee on competition with China held its first hearing with a focus on human rights on Tuesday, amid tense bilateral ties weeks after a suspected spy balloon flying over North America was shot down. “This is not a polite tennis match. This is an existential struggle over what life will […]
South Korean President Yoon Suk-yeol said on Wednesday that trilateral cooperation with the United States and Japan has become more important than ever to overcoming North Korea’s growing nuclear threats and other crises. Yoon spoke at an event commemorating the country’s historic March First independence movement against Japan’s 1910-1945 occupation of Korea. “Japan has transformed […]
HP Inc on Tuesday forecast second-quarter adjusted profit above estimates and maintained its full-year earnings target, expecting to benefit from cost cuts and a recovery in demand in the China market. Lifting of lockdowns in China, a key market as well a dominant supplier of electronics components, is supporting the outlook at hardware suppliers such […]
The fallout from Canada’s ban on Chinese-owned TikTok on government-issued devices looks set to hurt the leaders of the country’s two main opposition parties, who have used the app more actively than the ruling Liberals to win over supporters. The leaders of the two biggest opposition parties – Conservative party leader Pierre Poilievre and New […]