JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and dimming appetite for Chinese property bonds. For the new index, JPMorgan has suggested the weighting of China be cut to close to 30% compared with […]
Russia-Ukraine
Since Russia annexed Crimea in 2014, American companies have been prohibited from dealing with MMZ Avangard, a state-owned firm that makes missiles for one of Russia’s most sophisticated weapons, the S-400 air-defense system. In a measure of Western concern about the S-400, the United States ejected Turkey, a NATO member, from a joint fighter jet […]
Ericsson said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers. The company, which suspended its business in Russia indefinitely in April, said it has about 400 employees in Russia and would provide financial support to affected employees. […]
Dell Technologies Inc. said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia. The U.S. computer firm, a vital supplier of servers in Russia, has joined others in curtailing operations since Moscow sent tens of thousands of troops […]
In an attempt to warn about the current global economic situation, Huawei founder Ren Zhengfei is urging big and small businesses to focus on surviving, as the worse is yet to come. Global tensions are rising, and China, as a powerhouse, is playing its cards to show its powerful stance. Yet, could this be at […]
Britain on Wednesday said it had launched talks with Kyiv over removing barriers digital trade as part of its efforts to support Ukraine following Russia’s invasion of the country. Britain in May removed all tariffs on Ukrainian goods, and is now looking to smooth trade in the digital sphere. “The UK stands shoulder to shoulder […]
The Russian invasion of Ukraine has tested the U.S. geopolitical caliber and superiority as a globally renowned powerhouse. With Russia’s condemning intrusion on Ukraine’s sovereign dominion, the U.S. played the field through economic sanctions against Russia to force some influence on Russian President Vladimir Putin. Yet, in March, it appeared that the U.S. decided to […]
Video streaming service Twitch, social network Pinterest, holiday rental company Airbnb and United Parcel Service (UPS) were all fined by a Moscow court on Tuesday for allegedly refusing to store Russian citizens’ personal data in Russia. Moscow has clashed with Big Tech over content, censorship, data and local representation in a simmering dispute that has […]
Canada on Monday announced more measures in response to Russia’s invasion of Ukraine, including additional sanctions and a ban on the export of technologies that could help improve Russia’s defense manufacturing capability. The new sanctions would target six individuals and 46 entities linked to the Russian defence sectors, 15 Ukrainians supporting Russia, and 13 individuals […]
The world’s Big Tech giants, Alphabet, Amazon, Meta, Apple, and Microsoft have played a vital role in tailoring the public’s opinion that the crisis between Russia and Ukraine was ignited. When the world was comprehending the sudden Russian invasion of Ukraine, the American tech industry’s leading tech companies were preparing to fight with Russia on […]