The National People’s Congress (NPC) Standing Committee, China’s top legislative body, will convene in Beijing on Monday to discuss a wide range of issues. A large fiscal stimulus, recommended by several prominent economists and hotly anticipated by investors, is likely to be among them. As markets speculate over the potential size of a fiscal package … Read more
Last Updated:November 03, 2024, 16:42 IST The executives filed a lawsuit in March, alleging that Musk cut them off before they could formally step down, thus denying them their agreed-upon severance packages. A judge ruled that former Twitter top executives could pursue their claims that Elon Musk fired them precisely at the time of the … Read more
A ruling by Taiwan’s grand justices against opposition-led reforms to increase legislative oversight is expected to deepen political divides and make life more complicated for William Lai Ching-te’s administration. Opposition leaders described the ruling – that almost all of the proposed reforms were unconstitutional – as a “disgrace” and the “death of judicial integrity”. The … Read more
Last Updated:November 02, 2024, 16:22 IST MEA spokesperson Randhir Jaiswal says we are working with all relevant departments and agencies to sensitise Indian companies on applicable export control provisions. The US has imposed sanctions on 275 individuals and entities, including 15 from India, for allegedly supporting Russia’s military-industrial base. (US Embassy in India) In the … Read more
A mere 30 per cent of the American public believe trade with China has created “some or a lot of jobs” in their state, a new study revealed in the lead-up to the US election. The East-West Centre, a Washington-based research organisation, found in a survey that a slight majority of the American public – … Read more
Huawei Technologies founder and CEO Ren Zhengfei said he appreciates the “openness and inclusivity” of the US tech community, and yet the Chinese company “had no choice” but to build its own tools because of US sanctions. Ren, 80, said Huawei needs to learn from the receptive culture of the US, which has allowed the … Read more
The US and South Korean defense chiefs called Wednesday for North Korea to withdraw its troops from Russia, where Washington says some 10,000 of them have been deployed for possible action against Ukrainian forces. Russia and North Korea have deepened their political and military alliance as the Ukraine war has dragged on, but sending Pyongyang’s … Read more
Microsoft on Wednesday reported its quarterly sales grew 16 per cent to US$65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off. The company has spent billions of dollars to expand its global network of data centres and other physical infrastructure required to develop AI technology that … Read more
TikTok, the Chinese-owned short-video app fighting a ban in the US, is determined to earn trust in every market where it operates, CEO Chew Shou Zi said at a summit in Saudi Arabia’s capital city. As the social media industry faces more questions, “earning trust locally … is going to be a big challenge for … Read more
US semiconductor giant Intel said it would expand its chip packaging and testing base in Chengdu, in a show of commitment to the mainland market despite a recent call by a Beijing-backed cybersecurity group to review the company’s products. In addition to enlarging packaging and testing capacity for server chips, the facility will also establish … Read more
