Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show. Over the first three months of 2021, more than $400 million flowed […]
Inside Telecom
China’s CATL, the world’s largest battery maker, has offered discounts to some Chinese automakers it supplies, reflecting a downturn in the price of lithium and a bid to win more orders, three people with knowledge of the offers said. Battery costs are the most expensive component in electric vehicles (EV) and a move toward lower […]
China will scrutinize Ford Motor Co’s latest deal with battery giant CATL to ensure the Chinese company’s core technology is not shared with the U.S. automaker, Bloomberg News reported on Thursday. Beijing is concerned the Detroit carmaker could gain access to the competitive aspects of CATL’s technology, but the scrutiny is unlikely to result in […]
In 2021, a California state court threw out a feminist blogger’s lawsuit accusing Twitter Inc of unlawfully barring as “hateful conduct” posts criticizing transgender people. In 2022, a federal court in California tossed a lawsuit by LGBT plaintiffs accusing YouTube, part of Alphabet Inc, of restricting content posted by gay and transgender people. These lawsuits […]
Signs of strength in the U.S. economy have buoyed stocks in the face of rising Treasury yields and hawkish Federal Reserve expectations, though some investors believe the rally may be on borrowed time. Stronger-than-expected reports on employment, retail sales and inflation have pushed up expectations for how much higher the Federal Reserve will need to […]
A top U.S. law enforcement official on Thursday unveiled a new “disruptive technology strike force” tasked with safe-guarding American technology from foreign adversaries and other national security threats. Deputy Attorney General Lisa Monaco, the No. 2 official at the U.S. Justice Department, announced the new strike force at a speech in London at Chatham House. […]
Switzerland-based microchip toolmaker Unisers said on Thursday it had raised $14 million in a funding round led by Intel Capital to build new-technology demonstrator machines for trials by major chip-fabrication customers. The machines would offer a new level of performance in the difficult task of detecting extraneous extremely small particles that ruin chips in production, […]
Tesla plans to slow production at its Shanghai plant in the last week of February to prepare for building a revamped version of its Model 3 sedan, according to a person with knowledge of the matter and a planning memo seen by Reuters. The move was first reported by Bloomberg News. The automaker has not […]
China on Thursday put Lockheed Martin Corp and Raytheon Technologies Corp on an “unreliable entities list” over arms sales to Taiwan, banning them from imports and exports related to China in its latest sanctions against the two U.S. companies. The measures come amid heightened tensions after the U.S. military shot down what it says was […]
The world’s biggest factory and most populous nation has opened for business after three years, leading to a surge in demand as well as concerns it will add to global inflationary pressures. But economists say investors need not worry too much. China’s swift dismantling of a zero-COVID policy has come as global central banks are […]