On Tuesday, in a statement Samsung Electronics said as of last week, production of chips at its U.S. chip plant at Austin, Texas has returned to near-normal levels. In mid-February, chipmakers in the area, including Samsung had shutdown production facilities due to severe weather. Samsung declined to comment on when production would be fully back…
The clothing major H&M has been warned by the Chinese government that it would not be able to earn a penny from the Chinese market if they refuse to purchase cotton that is produced in the Xinjiang region of the country. There is a strong social backlash in China against H&M and other western brands…
The findings of a World Health Organization draft report says that the an animal was the probable mode of transfer of the novel coronavirus that causes Covid-19 and its spread had possibly started not more than a month or two prior to the first cases were noticed in December 2019 in Wuhan city of China.…
China’s answer to the video sharing social media platform YouTub, which is banned in the country – Bilibili, has slumped on its debut at the stock market soon after they were launched on the Hong Kong stock exchange. The share price of the company opened at HKD$790 ($101.6), which is 2.2 per cent below their…
A financial crisis at a United States based hedge fund will likely have severe impact on the profits of two of the largest investments banks, the banks have warned recently. The crisis is likely to have a large and significant effect on the results for its next quarter, said Switzerland’s second largest bank Credit Suisse.…
On Monday, following Toyota Motor Corp opening its first commercial hydrogen fuel pump site in the Australian state of Victoria, it urged the government to encourage the rollout of more such sites across the country so as to boost the take-up of cleaner cars. Next month, Toyota is bringing in twenty of its Mirai hydrogen…
After a long time since its block buster initial public offering (IPO) in the United States was jeopardized by a row over its market valuation, the US based workspace sharing firm WeWork will now be attempting to go public again – this time through the route of a merger with blank-check firm BowX Acquisition Corp.…
The first luxury brand to be hit by the Chinese backlash to Western accusations of abuses in Xinjiang was Burberry which lost a Chinese brand ambassador while its hallmark tartan design was brushed away from a popular video game in the country. A number of organisations and individuals in the UK were sanctioned by China…
The latest tech company to venture into the area of manufacturing electric vehicles is China’s Xiaomi Corp plans which plans to use the factories of Chinese auto maker Great Wall Motor Co Ltd’s factory, said a report published by the news agency Reuters. Following the publication of the news, the stocks of Xiaomi went up…
In a significant development, according to three sources familiar with the matter at hand, Xiaomi Corp plans on entering the electric vehicles (EVs) segment using Great Wall Motor Co Ltd’s factory, making it the latest tech firm to join the smart mobility race. Xiaomi, one of China’s biggest smartphone makers, is in talks to use…
