Japan approved up to ¥590 billion (US$3.9 billion) in subsidies to chip venture Rapidus, committing more money to its ambition to catch up in semiconductor manufacturing. The additional funding will help Rapidus buy chipmaking equipment and also develop advanced back-end chipmaking processes, Economy Minister Ken Saito said. The amount is on top of billions of … Read more
With that infusion, Shenzhen Habo Technology Investment Partners – established in 2021 by Huawei and Habo Investment – last Thursday raised its registered capital to 7.98 billion yuan (US$1.1 billion) from 7 billion yuan previously, according to data from Chinese business registry platform Tianyancha. Huawei did not immediately respond to a request for comment on … Read more
The mayor of London, Sadiq Khan, wants the government to confiscate and sell UK properties owned by Russians linked to Vladimir Putin. Khan called for the sale of these assets in a letter to Housing Secretary Michael Gove. He revealed that these assets were worth about £1.1 billion. In the letter, Khan said that the … Read more
Days after two Chinese fishermen drowned during a chase by Taiwanese authorities, China has reportedly begun to retaliate. On Monday, China’s coast guard boarded a Taiwanese tourist vessel to inspect the boat. The officers checked the crew’s documents and deboarded only after half an hour of carrying out the check. The Taiwanese ferry named King … Read more
A Russian helicopter pilot who defected to Ukraine in August last year has been found dead in Spain, according to Ukrainian intelligence agencies. The pilot, Maksym Kuzminov, was found dead on February 13 in an underground parking lot near Alicante. His body had at least five bullet wounds. Kuzminov had been living in Spain with … Read more
Two Chinese fishermen drowned while being chased away by the Taiwanese coast guard off the coast of Kinmen on Wednesday. Kinmen is a group of islands located just six miles away from mainland China. According to Taiwanese authorities, the fishermen had trespassed into their waters and resisted an inspection of the boat. This led to … Read more
Ukraine has accused Russia of using prisoners of war as “human shields” in connection with a Russian military transport plane that crashed last week. The claims were made during a meeting with the United Nations Security Council (UNSC). Khrystyna Hayovyshyn, Ukraine’s deputy ambassador to the UN, said that this was the first case of “Russia … Read more
A British businessman living in China, who disappeared five years ago without any trace, was secretly convicted of espionage charges in 2022 by the Chinese authorities. The Chinese Ministry of Foreign Affairs finally released updates on his whereabouts on Friday. Stones disappeared from public life in 2018. He had lived in China since the 1970s, … Read more
A Russian military transport plane carrying Ukrainian prisoners of war (POWs) crashed in Russia’s Belgorod region, near Ukraine. According to Russia’s Defence Ministry, as many as 65 Ukrainian prisoners, along with six crew members and three Russian soldiers, were onboard the plane when it crashed on Wednesday. The prisoners were being flown to Ukraine for … Read more
The head of the British army, General Sir Patrick Sanders, has warned that the country must train a “citizen army,” adding that UK citizens must stay prepared for a war. General Sanders, chief of the general staff, made the comments at the International Armoured Vehicles Conference on Wednesday. He said that Russia’s war in Ukraine … Read more
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