U.S. sanctions against China’s Huawei have hit their marks: its smartphone shipments have fallen by 4% during the December quarter, according to shipment data. According to data from research firm Canalys, Huawei’s market share in China slumped to 22% from 38% in the year-ago quarter. However, it continues to remain the market leader with a…
Mercedes-Benz has unveiled a new electric compact SUV, the EQA, as part of its plan to take on Tesla Inc; the move also sees the carmaker increase its lineup of emission-free vehicles as it races to meet targets in Europe and China. The EQA is the first of several electric models the company plans on…
The Trump Administration has added nine Chinese companies, including Chinese plane maker Comac and mobile phone maker Xiaomi, to a trade blacklist which Washington thinks are owned or controlled by the Chinese military. These companies will be subject to a new U.S. investment ban which will compel American investors to divest their holdings of the…
In a statement European business groups have said, EU business must “prepare for the worst” over digital decoupling between the U.S. and the Chinese economy, which could significantly impact EU businesses in China. In a statement the European Chamber of Commerce in China and MERICS, a Berlin-based think tank said, U.S.-China political, trade and financial…
According to a statement from the U.S. Department of Justice, a senior NASA scientist has pleaded guilty to lying about his ties to a program that encourages researchers to develop relationships with China in exchange for grants. Meyya Meyyappan, 66, of Pacifica, California, entered his plea before U.S. District Judge Kevin Castel in Manhattan. According…
According to two sources familiar with the matter at hand, the U.S. Administration is weighing options to add Tencent and Alibaba to a trade blacklist on the grounds that it is either owned or controlled by the Chinese military. Officials from the Department of Defense who oversee the designations have yet to finalize plans to…
On Friday, in a report Japanese news daily Yomiuri said, Nissan Motor plans on further cutting down its presence in the European car market; it plans on outsourcing the sales and manufacturing of its cars to Renault, its alliance partner. The move, part of its global turnaround plan, essentially reverses former chairman, Carlos Ghosn’s strategy…
In a statement China’s Sichuan Yahua Industrial Group Co Ltd stated, it has signed a deal to supply battery-grade lithium hydroxide to Tesla Inc for the next five years. According to a filing in the Shenzhen Stock Exchange, Yahua has placed the total value of the contract, signed by its wholly-owned subsidiary Yaan Lithium, at…
In a statement U.S. cybersecurity agency, Cybersecurity and Infrastructure Security Agency (CISA) stated, that the widespread cyber espionage campaign which was made public earlier this month is affecting state and local governments. The hacking campaign exploits vulnerabilities in U.S. tech company SolarWindss products as a springboard to penetrate federal government networks. In a statement, the…
According to two sources briefed on the matter at hand, U.S. lawmakers will back $1.9 billion program to fund a removal of Chinese communication gear that it deems as a threat to national security risks. Lawmakers will also back a $3.2 billion program for an emergency broadband which will benefit low-income Americans, confirmed senior congressional…
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