On Monday, UK’s Foreign Secretary Dominic Raab stated, Britain takes U.S. concerns on China’s telecoms equipment maker Huawei Technologies very seriously. Last month, Britain allowed Huawei a limited role in building the country’s 5G mobile network, despite U.S. concerns on Huawei. “There has been market failure in terms of high trust vendors being able to…
According to a source with direct knowledge of the matter at hand, Taiwan’s Foxconn aims to gradually restart operations at its factories in China and could resume full production within 3 weeks. Foxconn has filed requests to reopen factories with Chinese authorities, said the source while adding that a full resumption is likely towards the…
The U.S. Department of Health and Human Services has partnered with Regeneron Pharmaceuticals Inc to develop a treatment for the coronavirus whose outbreak in China has killed hundreds of people in China alone. The drugmaker collaboration with the U.S. Department of Health and Human Services is the latest to join the race to develop a…
On Monday, electric vehicle battery maker CATL stated, it has signed a battery supply agreement with U.S. electric vehicle giant Tesla. In a stock exchange filing, CATL disclosed, Tesla will determine the volume of battery purchases that it requires based on its needs, between July 2020 and June 2022. The agreement does not impose restrictions…
Zero Hedge, a financial market website has been banned from Twitter following the posting of a report which linked a Chinese scientist to the fast-spreading coronavirus outbreak in China. Late last week Zero Hedge said, it has received a notification from Twitter accusing it of violating its “rules against abuse and harassment.” The outbreak of…
On Saturday, Apple Inc stated, it has decided to shutdown all of its stores in mainland China upto February 9, over the outbreak of the coronavirus whose death toll has more than doubled to over 250 from a week ago. Apple did not immediately respond to further requests for comments.
On Tuesday, a report from Japan’s Nikkei Asian Review stated, Apple Inc’s plan to boost the production of the iPhone by 10% during the first half of this year is likely to hit headwinds with the coronavirus spreading further in China. The Nikkei reported citing sources familiar with the company’s plans as saying, Apple had…
On Wednesday, two sources stated, the U.S. government is nearing the publication of a rule that would significantly expand its powers to block shipments of foreign-made goods to Huawei. The development comes in the wake of the U.S. Commerce Department placing Huawei Technologies Co Ltd on a trade blacklist in May 2019, citing national security…
As per a report from the Sunday Times, the U.S. government is planning on permanently bringing a stop to its civilian drone program due to the drones being, at least partly, manufactured in China. The FT reported citing two sources briefed on the plans as saying, the U.S. Department of the Interior is weighing its…
According to a dozen sources familiar with the development of China’s C919 single-aisle plane, the program, which is already five years behind schedule, is likely to expect more delays with the state-owned Commercial Aircraft Corporation (COMAC) struggling with a range of technical issues adding to headwinds for test flights. Although delays are common in complex…
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